MLchartDataset catalogue

Size class

Term · Insurance and risk management · MLC-T-INS-003100

A categorization of businesses or risks based on their revenue, number of employees, or other quantitative measures. Insurers use size classes to group similar risks for underwriting purposes and to determine appropriate premium rates. For example, small businesses often fall into different underwriting categories than large corporations.

Table 1. Record
IdentifierMLC-T-INS-003100
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003100",
  "term": "Size class",
  "field": "Insurance and risk management",
  "definition": "A categorization of businesses or risks based on their revenue, number of employees, or other quantitative measures. Insurers use size classes to group similar risks for underwriting purposes and to determine appropriate premium rates. For example, small businesses often fall into different underwriting categories than large corporations.",
  "url": "https://mlchart.com/terminology/insurance/size-class/"
}

Record 3,158 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.