MLchartDataset catalogue

Operational risk

Term · Insurance and risk management · MLC-T-INS-002419

The potential for financial loss or disruption arising from inadequate or failed internal processes, human error, system failures, or external events. This category of risk is inherent in all business operations and can impact an organization's profitability and reputation. Managing it involves identifying, assessing, and mitigating these internal and external vulnerabilities.

Table 1. Record
IdentifierMLC-T-INS-002419
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002419",
  "term": "Operational risk",
  "field": "Insurance and risk management",
  "definition": "The potential for financial loss or disruption arising from inadequate or failed internal processes, human error, system failures, or external events. This category of risk is inherent in all business operations and can impact an organization's profitability and reputation. Managing it involves identifying, assessing, and mitigating these internal and external vulnerabilities.",
  "url": "https://mlchart.com/terminology/insurance/operational-risk/"
}

Record 2,409 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.