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[[Definition:ActuarialArtificial riskintelligence (AI)]]
[[Definition:AdverseMachine selectionlearning (ML)]]
[[Definition:AggregateDeep limitlearning]]
[[Definition:AggregateNatural stop-losslanguage processing (NLP)]]
[[Definition:AggregationComputer riskvision]]
[[Definition:AllocatedPredictive loss adjustment expense (ALAE)analytics]]
[[Definition:AsPredictive low as reasonably practicable (ALARP)modelling]]
[[Definition:AttachmentAlgorithmic pointunderwriting]]
[[Definition:AttritionAutomated rateclaims processing]]
[[Definition:BasisFraud riskdetection]]
[[Definition:BordereauxOptical character recognition (OCR)]]
[[Definition:BurningRobotic costprocess automation (RPA)]]
[[Definition:CapacityChatbot]]
[[Definition:CapitalLarge adequacylanguage model (LLM)]]
[[Definition:CatastropheGenerative bondartificial (Catintelligence bond(GenAI)]]
[[Definition:CatastropheNeural excess of lossnetwork]]
[[Definition:CatastropheSupervised modellearning]]
[[Definition:CatastropheUnsupervised risklearning]]
[[Definition:CedantTraining data]]
[[Definition:ClaimsAlgorithmic frequencybias]]
[[Definition:Claims reservingExplainability]]
[[Definition:ClaimsBlack severitybox model]]
[[Definition:ClaimsModel trianglevalidation]]
[[Definition:Clash coverTelematics]]
[[Definition:CoinsuranceSentiment analysis]]
[[Definition:CombinedDecision ratiotree]]
[[Definition:Data mining]]
[[Definition:Straight-through processing (STP)]]
[[Definition:Intelligent document processing (IDP)]]
[[Definition:Digital twin]]
[[Definition:Request for proposal (RFP)]]
[[Definition:Request for information (RFI)]]
[[Definition:Request for quotation (RFQ)]]
[[Definition:Vendor management]]
[[Definition:Third-party risk management (TPRM)]]
[[Definition:Service level agreement (SLA)]]
[[Definition:Key performance indicator (KPI)]]
[[Definition:Due diligence]]
[[Definition:Outsourcing]]
[[Definition:Insourcing]]
[[Definition:Preferred supplier]]
[[Definition:Supplier evaluation]]
[[Definition:Total cost of ownership (TCO)]]
[[Definition:Procurement lifecycle]]
[[Definition:Contract management]]
[[Definition:Master service agreement (MSA)]]
[[Definition:Statement of work (SOW)]]
[[Definition:Spend analysis]]
[[Definition:Category management]]
[[Definition:Strategic sourcing]]
[[Definition:Competitive tendering]]
[[Definition:Vendor lock-in]]
[[Definition:Subcontracting]]
[[Definition:Non-disclosure agreement (NDA)]]
[[Definition:Purchase order (PO)]]
[[Definition:Procure-to-pay (P2P)]]
[[Definition:Supplier onboarding]]
[[Definition:Benchmarking]]
[[Definition:Tail spend]]
[[Definition:Business continuity planning (BCP)]]
[[Definition:Sole sourcing]]
[[Definition:Single sourcing]]
[[Definition:Multi-sourcing]]
[[Definition:Nearshoring]]
[[Definition:Offshoring]]
[[Definition:Onshoring]]
[[Definition:Managed service provider (MSP)]]
[[Definition:Business process outsourcing (BPO)]]
[[Definition:Information technology outsourcing (ITO)]]
[[Definition:Vendor consolidation]]
[[Definition:Supplier diversity]]
[[Definition:Framework agreement]]
[[Definition:Blanket purchase agreement (BPA)]]
[[Definition:Rate card]]
[[Definition:Cost-benefit analysis (CBA)]]
[[Definition:Return on investment (ROI)]]
[[Definition:Value for money (VFM)]]
[[Definition:Negotiation strategy]]
[[Definition:Best and final offer (BAFO)]]
[[Definition:Invitation to tender (ITT)]]
[[Definition:Evaluation criteria]]
[[Definition:Weighted scoring model]]
[[Definition:Proof of concept (POC)]]
[[Definition:Pilot programme]]
[[Definition:Vendor risk assessment]]
[[Definition:Supplier scorecard]]
[[Definition:Contract renewal]]
[[Definition:Auto-renewal clause]]
[[Definition:Termination for convenience]]
[[Definition:Exit strategy]]
[[Definition:Transition plan]]
[[Definition:Change control]]
[[Definition:Scope creep]]
[[Definition:Escalation procedure]]
[[Definition:Governance framework]]
[[Definition:Steering committee]]
[[Definition:Stakeholder management]]
[[Definition:Demand management]]
[[Definition:Specification]]
[[Definition:Compliance requirement]]
[[Definition:Regulatory outsourcing obligation]]
[[Definition:Material outsourcing]]
[[Definition:Critical service provider]]
[[Definition:Concentration risk]]
[[Definition:CorrelationFourth-party risk]]
[[Definition:CreditSupply chain risk]]
[[Definition:CumulativeRight exposureto audit clause]]
[[Definition:DeductibleData processing agreement (DPA)]]
[[Definition:EarnedIntellectual premiumproperty rights (IPR)]]
[[Definition:EconomicIndemnification capitalclause]]
[[Definition:EmergingLimitation riskof liability]]
[[Definition:EnterpriseForce risk management (ERM)majeure]]
[[Definition:EventLiquidated limitdamages]]
[[Definition:ExcessPenalty of loss (XoL)clause]]
[[Definition:ExceedanceEarnback probabilitymechanism]]
[[Definition:ExpectedGain-sharing lossarrangement]]
[[Definition:ExpenseFixed-price ratiocontract]]
[[Definition:ExposureTime-and-materials contract (T&M)]]
[[Definition:ExposureCost-plus managementcontract]]
[[Definition:FacultativeOutcome-based reinsurancecontract]]
[[Definition:FiniteMaverick reinsurancespend]]
[[Definition:Frequency-severitySpend modelunder management]]
[[Definition:FrontingSavings target]]
[[Definition:GrossBudget written premium (GWP)holder]]
[[Definition:HazardApproval workflow]]
[[Definition:IncurredDelegated but not enough reserved (IBNER)authority]]
[[Definition:IncurredProcurement but not reported (IBNR)policy]]
[[Definition:IncurredEthical loss ratiosourcing]]
[[Definition:IndemnityEnvironmental, social, and governance criteria (ESG)]]
[[Definition:IndustrySustainable loss warranty (ILW)procurement]]
[[Definition:InherentVendor riskperformance review]]
[[Definition:Insurance-linkedContinuous security (ILS)improvement]]
[[Definition:InsuranceMarket riskanalysis]]
[[Definition:InsuredMake-or-buy perildecision]]
[[Definition:KeyIncumbent risk indicator (KRI)supplier]]
[[Definition:Large loss]]
[[Definition:LatentGross liabilitywritten premiums (GWP)]]
[[Definition:LawCombined ofratio large numbers(CR)]]
[[Definition:LimitUnderlying of liabilityearnings]]
[[Definition:LineUnderlying sizeearnings per share (UEPS)]]
[[Definition:LiquidityUnderlying riskreturn on equity (URoE)]]
[[Definition:Lloyd'sNet marketincome]]
[[Definition:LossSolvency adjustmentII expense (LAE)ratio]]
[[Definition:LossEligible developmentown funds (EOF)]]
[[Definition:LossContractual developmentservice factormargin (LDFCSM)]]
[[Definition:LossNew frequencybusiness value (NBV)]]
[[Definition:LossNew mitigationbusiness value margin]]
[[Definition:LossPresent portfoliovalue transferof expected premiums (LPTPVEP)]]
[[Definition:LossNew ratiobusiness contractual service margin (L/RNB CSM)]]
[[Definition:LossCSM reserverelease]]
[[Definition:LossTechnical severitymargin]]
[[Definition:LossTechnical triangleexperience]]
[[Definition:MarketNet riskflows]]
[[Definition:Maximum foreseeable loss (MFL)Unit-linked]]
[[Definition:MaximumGeneral possible lossaccount (MPLGA)]]
[[Definition:ModelProperty riskand casualty insurance (P&C)]]
[[Definition:MonteLife Carloand simulationhealth insurance (L&H)]]
[[Definition:MoralCommercial hazardlines]]
[[Definition:MoralePersonal hazardlines]]
[[Definition:Natural catastrophe (Nat cat)]]
[[Definition:Net retention]]
[[Definition:Net written premium (NWP)]]
[[Definition:Obligatory treaty]]
[[Definition:Occurrence limit]]
[[Definition:Operational risk]]
[[Definition:Outstanding loss reserve]]
[[Definition:Own risk and solvency assessment (ORSA)]]
[[Definition:Parametric insurance]]
[[Definition:Peril]]
[[Definition:Policy limit]]
[[Definition:Pooling]]
[[Definition:Portfolio runoff]]
[[Definition:Probable maximum loss (PML)]]
[[Definition:Proportional reinsurance]]
[[Definition:Quota share]]
[[Definition:Rate adequacy]]
[[Definition:Rate on line (RoL)]]
[[Definition:Reinsurance]]
[[Definition:ReinsuranceManaging recoverablesgeneral agent (MGA)]]
[[Definition:ReinsuranceNatural tocatastrophe closecharges (RITCNat Cat)]]
[[Definition:ReinstatementPrior premiumyears' reserve development]]
[[Definition:RegulatoryClaims riskreserve]]
[[Definition:ReputationUnwind riskof discount]]
[[Definition:ResidualLoss riskratio]]
[[Definition:RetrocessionExpense ratio]]
[[Definition:ReturnCurrent periodyear loss]]
[[Definition:RiskShort-tail aggregationlines]]
[[Definition:RiskLong-tail appetitelines]]
[[Definition:RiskCasualty appetite frameworkinsurance]]
[[Definition:RiskFinancial assessmentlines]]
[[Definition:Risk-based capital (RBC)Protection]]
[[Definition:RiskSavings classificationinsurance]]
[[Definition:RiskEndowment controlproduct]]
[[Definition:RiskSingle culturepremium]]
[[Definition:RiskWhole-life exposureproduct]]
[[Definition:Risk factorBancassurance]]
[[Definition:RiskDirect financinginsurance]]
[[Definition:RiskMotor governanceinsurance]]
[[Definition:RiskFire identificationinsurance]]
[[Definition:RiskWorkers' limitcompensation]]
[[Definition:RiskGroup mappinglife insurance]]
[[Definition:RiskHealth matrixinsurance]]
[[Definition:RiskComplementary mitigationhealth insurance]]
[[Definition:RiskRetail modellingmotor]]
[[Definition:RiskSocial monitoringinflation]]
[[Definition:RiskMarket poolsoftening]]
[[Definition:RiskPricing premiumcycle]]
[[Definition:RiskCapital-light profileproduct]]
[[Definition:Risk quantificationSurrender]]
[[Definition:Risk registerPersistency]]
[[Definition:Risk reportingUnderwriting]]
[[Definition:Risk retentionPruning]]
[[Definition:Risk scoringEarn-through]]
[[Definition:RiskDebt selectiongearing]]
[[Definition:RiskRestricted taxonomyTier 1 capital (RT1)]]
[[Definition:RiskTier tolerance2 capital]]
[[Definition:RiskLoss transferabsorption mechanism]]
[[Definition:Scenario analysisWrite-down]]
[[Definition:Self-insuredCredit retention (SIR)spread]]
[[Definition:Investment grade]]
[[Definition:High yield]]
[[Definition:Corporate spread]]
[[Definition:Solvency capital requirement (SCR)]]
[[Definition:SolvencyOrganic margincash upstream]]
[[Definition:SpreadDividend ofpayout riskratio]]
[[Definition:StochasticTotal modellingpayout ratio]]
[[Definition:Stop-lossShare reinsurancebuy-back]]
[[Definition:StrategicNormalized riskown funds generation]]
[[Definition:StressOperating testingreturn]]
[[Definition:SubjectivityForeseeable dividend]]
[[Definition:SubrogationComparable basis]]
[[Definition:SurplusConstant treatyexchange rate basis]]
[[Definition:SystemicScope riskeffect]]
[[Definition:TailIntercompany riskelimination]]
[[Definition:Technical pricing]]
[[Definition:Technical reserve]]
[[Definition:Treaty reinsurance]]
[[Definition:Unallocated loss adjustment expense (ULAE)]]
[[Definition:Underinsurance]]
[[Definition:Underwriting capacity]]
[[Definition:Underwriting cycle]]
[[Definition:Underwriting discipline]]
[[Definition:Underwriting guideline]]
[[Definition:Underwriting limit]]
[[Definition:Underwriting profit]]
[[Definition:Underwriting risk]]
[[Definition:Underwriting year]]
[[Definition:Unexpired risk reserve]]
[[Definition:Value at risk (VaR)]]
[[Definition:Volatility]]
[[Definition:Working layer]]
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