Ultimate loss

Term · Insurance and risk management · MLC-T-INS-003392

The total cost of a claim or series of claims, including all paid amounts, outstanding reserves, and associated loss adjustment expenses. This figure represents the final financial impact of an insured event once all payments have been made and all liabilities settled. It is a key metric for assessing the true cost of risk.

Table 1. Record
Identifier	MLC-T-INS-003392
Field	Insurance and risk management

Record as JSON

{
  "id": "MLC-T-INS-003392",
  "term": "Ultimate loss",
  "field": "Insurance and risk management",
  "definition": "The total cost of a claim or series of claims, including all paid amounts, outstanding reserves, and associated loss adjustment expenses. This figure represents the final financial impact of an insured event once all payments have been made and all liabilities settled. It is a key metric for assessing the true cost of risk.",
  "url": "https://mlchart.com/terminology/insurance/ultimate-loss/"
}

Record 3,464 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.