MLchartDataset catalogue

Standard deviation

Term · Insurance and risk management · MLC-T-INS-003160

A statistical measure that quantifies the amount of variation or dispersion of a set of data values around the mean. In insurance, it is used to assess the volatility of claims experience or investment returns, providing insight into the predictability of future outcomes. A higher standard deviation indicates greater risk or variability in the data.

Table 1. Record
IdentifierMLC-T-INS-003160
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003160",
  "term": "Standard deviation",
  "field": "Insurance and risk management",
  "definition": "A statistical measure that quantifies the amount of variation or dispersion of a set of data values around the mean. In insurance, it is used to assess the volatility of claims experience or investment returns, providing insight into the predictability of future outcomes. A higher standard deviation indicates greater risk or variability in the data.",
  "url": "https://mlchart.com/terminology/insurance/standard-deviation/"
}

Record 3,266 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.