MLchartDataset catalogue

Partial retention

Term · Insurance and risk management · MLC-T-INS-002494

The practice where an insured party assumes responsibility for a portion of a potential loss, while transferring the remaining portion to an insurer. This can be achieved through deductibles, self-insured retentions (SIRs), or co-insurance clauses. Partial retention reduces the premium paid to the insurer, as the insured bears a greater share of the risk for smaller or initial losses.

Table 1. Record
IdentifierMLC-T-INS-002494
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002494",
  "term": "Partial retention",
  "field": "Insurance and risk management",
  "definition": "The practice where an insured party assumes responsibility for a portion of a potential loss, while transferring the remaining portion to an insurer. This can be achieved through deductibles, self-insured retentions (SIRs), or co-insurance clauses. Partial retention reduces the premium paid to the insurer, as the insured bears a greater share of the risk for smaller or initial losses.",
  "url": "https://mlchart.com/terminology/insurance/partial-retention/"
}

Record 2,475 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.