MLchartDataset catalogue

Underwriting risk

Term · Insurance and risk management · MLC-T-INS-003420

The risk that an insurer's actual claims and expenses will exceed its collected premiums, leading to an underwriting loss. This risk arises from inaccurate pricing, adverse selection, or unexpected increases in loss frequency or severity. Effective underwriting and diversified portfolios are used to manage this exposure.

Table 1. Record
IdentifierMLC-T-INS-003420
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003420",
  "term": "Underwriting risk",
  "field": "Insurance and risk management",
  "definition": "The risk that an insurer's actual claims and expenses will exceed its collected premiums, leading to an underwriting loss. This risk arises from inaccurate pricing, adverse selection, or unexpected increases in loss frequency or severity. Effective underwriting and diversified portfolios are used to manage this exposure.",
  "url": "https://mlchart.com/terminology/insurance/underwriting-risk/"
}

Record 3,493 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.