MLchartDataset catalogue

Risk shifting

Term · Insurance and risk management · MLC-T-INS-002990

The transfer of financial responsibility for a potential loss from one party to another. This is commonly achieved through insurance contracts, where the insured pays a premium to an insurer in exchange for coverage against specified perils. Other methods include indemnification clauses in contracts or hedging strategies in financial markets.

Table 1. Record
IdentifierMLC-T-INS-002990
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002990",
  "term": "Risk shifting",
  "field": "Insurance and risk management",
  "definition": "The transfer of financial responsibility for a potential loss from one party to another. This is commonly achieved through insurance contracts, where the insured pays a premium to an insurer in exchange for coverage against specified perils. Other methods include indemnification clauses in contracts or hedging strategies in financial markets.",
  "url": "https://mlchart.com/terminology/insurance/risk-shifting/"
}

Record 3,014 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.