Risk types

{
  "id": "MLC-T-INS-002992",
  "term": "Risk types",
  "field": "Insurance and risk management",
  "definition": "The classification of potential threats faced by an insurer, categorized by their source and nature. These categories include underwriting risk (from pricing and reserving), market risk (from investments), credit risk (from counterparties), operational risk (from internal failures), and strategic risk (from business decisions). Insurers analyze these distinct types to develop specific mitigation strategies and allocate capital appropriately for each category of exposure.",
  "url": "https://mlchart.com/terminology/insurance/risk-types/"
}