Terms starting with M

Means and methods of construction refer to the techniques, procedures, and materials used during the construction process. In the insurance industry, means and methods of construction are important because they...

Moral hazard, a crucial concept in the insurance and economic realms, refers to the change in behavior of an individual or entity due to the presence of insurance coverage, leading...

Morale hazard, a term frequently used in the insurance industry, is closely associated with the behavior and attitude of policyholders towards risk. The definition of morale hazard refers to a...