MLchartDataset catalogue

Third-party risk

Term · Insurance and risk management · MLC-T-INS-003327

The potential for loss or damage arising from the actions or inactions of an external entity that is not directly controlled by an organization. This includes risks associated with suppliers, vendors, contractors, or other business partners. Managing third-party risk involves assessing the security, compliance, and operational reliability of these external relationships.

Table 1. Record
IdentifierMLC-T-INS-003327
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003327",
  "term": "Third-party risk",
  "field": "Insurance and risk management",
  "definition": "The potential for loss or damage arising from the actions or inactions of an external entity that is not directly controlled by an organization. This includes risks associated with suppliers, vendors, contractors, or other business partners. Managing third-party risk involves assessing the security, compliance, and operational reliability of these external relationships.",
  "url": "https://mlchart.com/terminology/insurance/third-party-risk/"
}

Record 3,417 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.