Regulatory risk

{
  "id": "MLC-T-INS-002839",
  "term": "Regulatory risk",
  "field": "Insurance and risk management",
  "definition": "The potential for adverse financial or operational impact on an insurance company due to changes in laws, regulations, or regulatory interpretations. This risk includes the cost of compliance, penalties for non-compliance, or restrictions on business activities. Insurers must continuously monitor legislative and regulatory developments to mitigate this exposure.",
  "url": "https://mlchart.com/terminology/insurance/regulatory-risk/"
}