MLchartDataset catalogue

Personal risk management (PRM)

Term · Insurance and risk management · MLC-T-INS-002564

The systematic process by which individuals identify, assess, and control potential financial losses arising from personal risks. This involves analyzing exposures such as premature death, disability, property damage, and liability, then implementing strategies like insurance, savings, or loss prevention. PRM aims to protect an individual's assets, income, and overall financial well-being.

Table 1. Record
IdentifierMLC-T-INS-002564
FieldInsurance and risk management
AbbreviationPRM
Record as JSON 
{
  "id": "MLC-T-INS-002564",
  "term": "Personal risk management (PRM)",
  "field": "Insurance and risk management",
  "definition": "The systematic process by which individuals identify, assess, and control potential financial losses arising from personal risks. This involves analyzing exposures such as premature death, disability, property damage, and liability, then implementing strategies like insurance, savings, or loss prevention. PRM aims to protect an individual's assets, income, and overall financial well-being.",
  "abbreviation": "PRM",
  "url": "https://mlchart.com/terminology/insurance/personal-risk-management-prm/"
}

Record 2,551 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.