Standard market

{
  "id": "MLC-T-INS-003165",
  "term": "Standard market",
  "field": "Insurance and risk management",
  "definition": "The segment of the insurance industry where insurers offer coverage to risks that meet their typical underwriting criteria at competitive rates. These insurers operate with established pricing models and policy forms for average or preferred risks. Businesses or individuals with unusual or high-risk characteristics often seek coverage in the non-standard or surplus lines market.",
  "url": "https://mlchart.com/terminology/insurance/standard-market/"
}