MLchartDataset catalogue

Risk index

Term · Insurance and risk management · MLC-T-INS-002972

A quantitative measure or score that aggregates multiple risk factors into a single value, providing a simplified representation of overall risk exposure. It is often calculated by assigning weights to different risk components, such as likelihood and impact, and combining them mathematically. A risk index provides a comparative basis for prioritizing risks across different categories or projects.

Table 1. Record
IdentifierMLC-T-INS-002972
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002972",
  "term": "Risk index",
  "field": "Insurance and risk management",
  "definition": "A quantitative measure or score that aggregates multiple risk factors into a single value, providing a simplified representation of overall risk exposure. It is often calculated by assigning weights to different risk components, such as likelihood and impact, and combining them mathematically. A risk index provides a comparative basis for prioritizing risks across different categories or projects.",
  "url": "https://mlchart.com/terminology/insurance/risk-index/"
}

Record 3,014 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.