MLchartDataset catalogue

Self-insurance

Term · Insurance and risk management · MLC-T-INS-003054

A risk financing method where an individual or organization assumes financial responsibility for its own potential losses rather than transferring that risk to an insurance company. This involves setting aside funds to cover anticipated claims and managing the claims process internally. Self-insurance is often chosen by large organizations with predictable loss patterns and sufficient financial resources.

Table 1. Record
IdentifierMLC-T-INS-003054
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003054",
  "term": "Self-insurance",
  "field": "Insurance and risk management",
  "definition": "A risk financing method where an individual or organization assumes financial responsibility for its own potential losses rather than transferring that risk to an insurance company. This involves setting aside funds to cover anticipated claims and managing the claims process internally. Self-insurance is often chosen by large organizations with predictable loss patterns and sufficient financial resources.",
  "url": "https://mlchart.com/terminology/insurance/self-insurance/"
}

Record 3,098 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.