{
  "id": "term-exposure",
  "type": "term",
  "languages": {
    "en": {
      "id": "term-exposure",
      "lang": "en",
      "type": "term",
      "title": "Exposure",
      "shortDefinition": "Exposure is the extent to which assets, people or earnings are subject to a particular risk; it is the basis of all risk assessment and premium rating.",
      "synonyms": [
        "Risk exposure"
      ],
      "linesOfBusiness": [
        "Property",
        "Liability",
        "Cyber"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Risk assessment",
        "Underwriting"
      ],
      "relations": {
        "relatedTerms": [
          "term-pml",
          "term-sum-insured",
          "term-underwriting"
        ],
        "partOf": [],
        "appliesTo": [
          "riskg-natural-hazards"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": null,
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-08-31",
      "generated": {
        "by": "process:reconstructed",
        "at": "2026-08-31T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/en/knowledge/term/exposure/",
      "alternateUrl": "https://hgh.ch/lexikon/de/wissen/begriff/exponierung/",
      "body": "## Dimensions of exposure\n\nExposure can be captured in terms of values (buildings, equipment, stock), earnings streams (revenue, contribution margin), people and balance sheet positions. In property insurance, reinstatement values and interruption potential are central; in liability, revenue, products and sales markets.\n\n## Data collection and quality\n\nReliable exposure data is a prerequisite for risk-adequate premiums and sound coverage concepts. Incomplete or outdated values lead to underinsurance or unnecessarily expensive covers. Location data, construction classes and natural hazard zones should be updated periodically.\n\n## Relationship to PML\n\nScenario analyses derive the probable maximum loss (PML) from a location's exposure, which in turn determines capacity requirements and the reinsurance structure."
    },
    "de": {
      "id": "term-exposure",
      "lang": "de",
      "type": "term",
      "title": "Exponierung (Exposure)",
      "shortDefinition": "Exponierung bezeichnet das Ausmass, in dem Werte, Personen oder Erträge einem bestimmten Risiko ausgesetzt sind, und bildet die Grundlage jeder Risikobewertung und Prämienkalkulation.",
      "synonyms": [
        "Exposure",
        "Risikoexposition"
      ],
      "linesOfBusiness": [
        "Sach",
        "Haftpflicht",
        "Cyber"
      ],
      "jurisdictions": [
        "Global"
      ],
      "tags": [
        "Risikobewertung",
        "Underwriting"
      ],
      "relations": {
        "relatedTerms": [
          "term-pml",
          "term-sum-insured",
          "term-underwriting"
        ],
        "partOf": [],
        "appliesTo": [
          "riskg-natural-hazards"
        ],
        "regulatedBy": [],
        "relevantFor": [],
        "insurableVia": [],
        "mitigatedBy": [],
        "comprises": [],
        "alternativeTo": [],
        "complementedBy": []
      },
      "attribute": null,
      "profile": null,
      "coverageProfile": null,
      "clause": null,
      "legalBasis": [],
      "standards": [],
      "reviewStatus": "expert-reviewed",
      "reviewedBy": "Guido Hesse, Hesse Group Holding AG",
      "lastReviewed": "2026-09-04",
      "version": "0.1.0",
      "updated": "2026-08-31",
      "generated": {
        "by": "process:reconstructed",
        "at": "2026-08-31T00:00:00.000Z"
      },
      "verified": [
        {
          "by": "human:ghesse",
          "at": "2026-09-04T00:00:00.000Z",
          "method": null
        }
      ],
      "staleAfter": null,
      "url": "https://hgh.ch/lexikon/de/wissen/begriff/exponierung/",
      "alternateUrl": "https://hgh.ch/lexikon/en/knowledge/term/exposure/",
      "body": "## Dimensionen der Exponierung\n\nExponierung lässt sich nach Werten (Gebäude, Anlagen, Vorräte), Ertragsströmen (Umsatz, Deckungsbeitrag), Personen und Bilanzpositionen erfassen. In der Sachversicherung sind Wiederherstellungswerte und Unterbrechungspotenziale zentral, in der Haftpflicht Umsatz, Produkte und Absatzmärkte.\n\n## Erhebung und Qualität\n\nBelastbare Exponierungsdaten sind Voraussetzung für risikogerechte Prämien und tragfähige Deckungskonzepte. Unvollständige oder veraltete Wertangaben führen zu Unterversicherung oder unnötig teuren Deckungen. Standortdaten, Bauartklassen und Naturgefahrenzonen sollten periodisch aktualisiert werden.\n\n## Verhältnis zum PML\n\nAus der Exponierung eines Standorts wird über Szenarioanalysen der wahrscheinliche Höchstschaden (PML) abgeleitet, der Kapazitätsbedarf und Rückversicherungsstruktur bestimmt."
    }
  }
}