assigned risk

noun

, Insurance.

1. a risk that, under state law, is assigned to an insurer from a pool of insurers who would not otherwise accept it.

Word History and Origins

Origin of assigned risk¹

First recorded in 1945–50

Example Sentences

Investigators assigned risk scores to 294 embassies, consulates and other facilities with a combined property value of approximately $70 billion, GAO said.

From Scientific American

Mr Leufer added that the proposals should "be expanded to include all public sector AI systems, regardless of their assigned risk level".

From BBC

The researchers found that the algorithm assigned risk scores to patients on the basis of total health-care costs accrued in one year.

From Nature

We analyzed that information and found that the assigned risk scores — and what characteristics go into them — are sometimes at odds with the Chicago Police Department’s public statements and cut against some common perceptions.

From New York Times

Niedringhaus calculated the cost to cover 85 scholarship football players at Northwestern to be about $1.5 million annually, through Illinois’s assigned risk pool.

From New York Times