MLchartDataset catalogue

Risk control

Term · Insurance and risk management · MLC-T-INS-002966

The process of identifying, evaluating, and implementing measures to reduce the frequency or severity of losses. This involves strategies such as loss prevention (e.g., safety programs) and loss reduction (e.g., sprinkler systems). Effective risk control aims to minimize the financial impact of potential risks on an organization.

Table 1. Record
IdentifierMLC-T-INS-002966
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002966",
  "term": "Risk control",
  "field": "Insurance and risk management",
  "definition": "The process of identifying, evaluating, and implementing measures to reduce the frequency or severity of losses. This involves strategies such as loss prevention (e.g., safety programs) and loss reduction (e.g., sprinkler systems). Effective risk control aims to minimize the financial impact of potential risks on an organization.",
  "url": "https://mlchart.com/terminology/insurance/risk-control/"
}

Record 2,990 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.