MLchartDataset catalogue

Retention plan

Term · Insurance and risk management · MLC-T-INS-002930

A structured approach adopted by an organization to manage and finance its own risks and potential losses, rather than transferring them entirely to an insurer. This plan identifies specific risks, determines the level of self-funding for each, and establishes mechanisms for loss control and claims administration. It often involves a combination of deductibles, self-insurance, and captive insurance arrangements.

Table 1. Record
IdentifierMLC-T-INS-002930
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002930",
  "term": "Retention plan",
  "field": "Insurance and risk management",
  "definition": "A structured approach adopted by an organization to manage and finance its own risks and potential losses, rather than transferring them entirely to an insurer. This plan identifies specific risks, determines the level of self-funding for each, and establishes mechanisms for loss control and claims administration. It often involves a combination of deductibles, self-insurance, and captive insurance arrangements.",
  "url": "https://mlchart.com/terminology/insurance/retention-plan/"
}

Record 3,002 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.