MLchartDataset catalogue

Outstanding losses

Term · Insurance and risk management · MLC-T-INS-002457

The total amount of money an insurer expects to pay for claims that have occurred but are not yet fully resolved. This figure includes both reported claims awaiting payment and claims that have occurred but have not yet been reported to the insurer. These losses are a major component of an insurer's liabilities.

Table 1. Record
IdentifierMLC-T-INS-002457
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002457",
  "term": "Outstanding losses",
  "field": "Insurance and risk management",
  "definition": "The total amount of money an insurer expects to pay for claims that have occurred but are not yet fully resolved. This figure includes both reported claims awaiting payment and claims that have occurred but have not yet been reported to the insurer. These losses are a major component of an insurer's liabilities.",
  "url": "https://mlchart.com/terminology/insurance/outstanding-losses/"
}

Record 2,456 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.