Page 14 - Insurance Glossary 100 Terms - Sashi Publications

Mitigation Plan: A documented strategy for

reducing or eliminating identified risks.

Monte Carlo Simulation: A quantitative risk

analysis technique using random variables to

model risk impact.

Moral Hazard: The risk that a party will act

differently when protected by insurance.

Network Hospital: Hospitals that have tie-

ups with the insurance company for cashless

treatment.