MLchartDataset catalogue

Unplanned retention

Term · Insurance and risk management · MLC-T-INS-003440

The portion of a risk that an organization implicitly retains due to a lack of awareness, inadequate risk identification, or failure to implement appropriate risk transfer or mitigation strategies. This differs from planned retention, where an organization consciously decides to bear a risk. Unplanned retention can lead to unexpected financial losses if the unaddressed risks materialize.

Table 1. Record
IdentifierMLC-T-INS-003440
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003440",
  "term": "Unplanned retention",
  "field": "Insurance and risk management",
  "definition": "The portion of a risk that an organization implicitly retains due to a lack of awareness, inadequate risk identification, or failure to implement appropriate risk transfer or mitigation strategies. This differs from planned retention, where an organization consciously decides to bear a risk. Unplanned retention can lead to unexpected financial losses if the unaddressed risks materialize.",
  "url": "https://mlchart.com/terminology/insurance/unplanned-retention/"
}

Record 3,540 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.