MLchartDataset catalogue

Portfolio runoff

Term · Insurance and risk management · MLC-T-INS-002612

The process of allowing an existing book of insurance business to expire naturally without writing new policies or renewing existing ones. This strategy is often employed when an insurer decides to exit a particular market or line of business. The insurer continues to manage claims until all liabilities are settled.

Table 1. Record
IdentifierMLC-T-INS-002612
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002612",
  "term": "Portfolio runoff",
  "field": "Insurance and risk management",
  "definition": "The process of allowing an existing book of insurance business to expire naturally without writing new policies or renewing existing ones. This strategy is often employed when an insurer decides to exit a particular market or line of business. The insurer continues to manage claims until all liabilities are settled.",
  "url": "https://mlchart.com/terminology/insurance/portfolio-runoff/"
}

Record 2,648 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.