Planned retention

Term · Insurance and risk management · MLC-T-INS-002577

The portion of a risk that an organization or individual deliberately chooses to bear financially, rather than transferring it to an insurer. This decision is made after evaluating potential losses and the cost of insurance, often through self-insurance, deductibles, or captive insurance arrangements. It represents a conscious risk management strategy to manage costs and control certain exposures.

Table 1. Record
Identifier	MLC-T-INS-002577
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-002577",
  "term": "Planned retention",
  "field": "Insurance and risk management",
  "definition": "The portion of a risk that an organization or individual deliberately chooses to bear financially, rather than transferring it to an insurer. This decision is made after evaluating potential losses and the cost of insurance, often through self-insurance, deductibles, or captive insurance arrangements. It represents a conscious risk management strategy to manage costs and control certain exposures.",
  "url": "https://mlchart.com/terminology/insurance/planned-retention/"
}

Record 2,608 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.