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LIFE INSURANCE — RETAIL
[[Definition:Actuary]]
[[Definition:Actuarial analyst]]
[[Definition:Actuarial consultant]]
[[Definition:Actuarial director]]
[[Definition:Account executive]]
[[Definition:Account manager]]
[[Definition:Adjuster]]
[[Definition:Assistant underwriter]]
[[Definition:Associate actuary]]
[[Definition:Audit manager]]
[[Definition:Bordereaux analyst]]
[[Definition:Broker]]
[[Definition:Broking director]]
[[Definition:Casualty underwriter]]
[[Definition:Catastrophe modeler]]
[[Definition:Catastrophe risk analyst]]
[[Definition:Ceding company officer]]
[[Definition:Chief actuary]]
[[Definition:Chief claims officer (CCO)]]
[[Definition:Chief compliance officer (CCO)]]
[[Definition:Chief executive officer (CEO)]]
[[Definition:Chief financial officer (CFO)]]
[[Definition:Chief information officer (CIO)]]
[[Definition:Chief marketing officer (CMO)]]
[[Definition:Chief operating officer (COO)]]
[[Definition:Chief risk officer (CRO)]]
[[Definition:Chief underwriting officer (CUO)]]
[[Definition:Claims adjuster]]
[[Definition:Claims analyst]]
[[Definition:Claims assessor]]
[[Definition:Claims auditor]]
[[Definition:Claims director]]
[[Definition:Claims examiner]]
[[Definition:Claims handler]]
[[Definition:Claims investigator]]
[[Definition:Claims manager]]
[[Definition:Claims representative]]
[[Definition:Claims specialist]]
[[Definition:Claims supervisor]]
[[Definition:Claims technician]]
[[Definition:Client relationship manager]]
[[Definition:Commercial lines underwriter]]
[[Definition:Compliance analyst]]
[[Definition:Compliance officer]]
[[Definition:Corporate risk manager]]
[[Definition:Coverage counsel]]
[[Definition:Coverholder]]
[[Definition:Data scientist]]
[[Definition:Delegated authority manager]]
[[Definition:Director of underwriting]]
[[Definition:Distribution manager]]
[[Definition:Enterprise risk manager]]
[[Definition:Excess and surplus lines broker (E&S broker)]]
[[Definition:Field adjuster]]
[[Definition:Field agent]]
[[Definition:Financial analyst]]
[[Definition:Forensic accountant]]
[[Definition:Fraud analyst]]
[[Definition:Fraud investigator]]
[[Definition:General agent (GA)]]
[[Definition:General counsel]]
[[Definition:Independent adjuster]]
[[Definition:Independent agent]]
[[Definition:Insurance adviser]]
[[Definition:Insurance analyst]]
[[Definition:Insurance broker]]
[[Definition:Insurance commissioner]]
[[Definition:Insurance consultant]]
[[Definition:Insurance defense attorney]]
[[Definition:Insurance producer]]
[[Definition:Insurance regulator]]
[[Definition:Insurance surveyor]]
[[Definition:Lead underwriter]]
[[Definition:Life underwriter]]
[[Definition:Line slip leader]]
[[Definition:Lloyd's broker]]
[[Definition:Lloyd's underwriter]]
[[Definition:Loss adjuster]]
[[Definition:Loss control engineer]]
[[Definition:Loss control representative]]
[[Definition:Loss control specialist]]
[[Definition:Loss reserve analyst]]
[[Definition:Loss run analyst]]
[[Definition:Managing director]]
[[Definition:Managing general agent (MGA)]]
[[Definition:Managing general underwriter (MGU)]]
[[Definition:Marine underwriter]]
[[Definition:Marketing representative]]
[[Definition:Medical director]]
[[Definition:Operations manager]]
[[Definition:Personal lines underwriter]]
[[Definition:Placement broker]]
[[Definition:Policy administrator]]
[[Definition:Policy analyst]]
[[Definition:Policy processing specialist]]
[[Definition:Policyholder services representative]]
[[Definition:Portfolio manager]]
[[Definition:Premium auditor]]
[[Definition:Pricing actuary]]
[[Definition:Product development manager]]
[[Definition:Product manager]]
[[Definition:Professional indemnity underwriter (PI underwriter)]]
[[Definition:Program administrator]]
[[Definition:Program manager]]
[[Definition:Property underwriter]]
[[Definition:Public adjuster]]
[[Definition:Rating analyst]]
[[Definition:Regional director]]
[[Definition:Regional manager]]
[[Definition:Regulatory affairs specialist]]
[[Definition:Reinsurance analyst]]
[[Definition:Reinsurance broker]]
[[Definition:Reinsurance intermediary]]
[[Definition:Reinsurance manager]]
[[Definition:Reinsurance underwriter]]
[[Definition:Reserving actuary]]
[[Definition:Retail broker]]
[[Definition:Risk analyst]]
[[Definition:Risk consultant]]
[[Definition:Risk control specialist]]
[[Definition:Risk engineer]]
[[Definition:Risk manager]]
[[Definition:Risk modeler]]
[[Definition:Sales agent]]
[[Definition:Senior underwriter]]
[[Definition:Special investigations unit investigator (SIU investigator)]]
[[Definition:Staff adjuster]]
[[Definition:Subrogation specialist]]
[[Definition:Surplus lines broker]]
[[Definition:Surveyor]]
[[Definition:Technical underwriter]]
[[Definition:Third-party administrator (TPA)]]
[[Definition:Treaty underwriter]]
[[Definition:Underwriter]]
[[Definition:Underwriting assistant]]
[[Definition:Underwriting manager]]
[[Definition:Vice president of claims]]
[[Definition:Vice president of underwriting]]
[[Definition:Wholesale broker]]


Term life
<!--
[[Definition:Term life insurance]]
[[Definition:Level term life insurance]]
[[Definition:Decreasing term life insurance]]
[[Definition:Renewable term life insurance]]
[[Definition:Convertible term life insurance]]


Whole life / Permanent life
Here is the filtered and deduplicated list, retaining only terms that are truly specific to M&A transactions (removing general insurance, general finance, general legal, and general regulatory terms):
[[Definition:Whole life insurance (WL)]]
[[Definition:Universal life insurance (UL)]]
[[Definition:Variable life insurance (VL)]]
[[Definition:Variable universal life insurance (VUL)]]
[[Definition:Indexed universal life insurance (IUL)]]
[[Definition:Unit-linked life insurance]]
[[Definition:With-profits life insurance]]


Savings, endowment & investment
**Transaction types and structures**
[[Definition:Acquisition]]
[[Definition:Endowment policy]]
[[Definition:Bancassurance acquisition]]
[[Definition:Pure endowment policy]]
[[Definition:Business combination]]
[[Definition:Single-premium life insurance]]
[[Definition:Carve-out]]
[[Definition:Investment-linked life insurance]]
[[Definition:Consolidation]]
[[Definition:Guaranteed income life insurance]]
[[Definition:Corporate reorganization]]
[[Definition:Cross-border merger]]
[[Definition:Demerger]]
[[Definition:Divestiture]]
[[Definition:Equity purchase]]
[[Definition:Horizontal merger]]
[[Definition:Hostile takeover]]
[[Definition:Insurance business transfer (IBT)]]
[[Definition:Insurance portfolio transfer (IPT)]]
[[Definition:Joint venture (JV)]]
[[Definition:Leveraged buyout (LBO)]]
[[Definition:Loss portfolio transfer (LPT)]]
[[Definition:Management buyout (MBO)]]
[[Definition:Merger]]
[[Definition:Minority stake acquisition]]
[[Definition:Part VII transfer]]
[[Definition:Platform acquisition]]
[[Definition:Reverse merger]]
[[Definition:Reverse takeover]]
[[Definition:Scheme of arrangement]]
[[Definition:Share swap]]
[[Definition:Special purpose acquisition company (SPAC)]]
[[Definition:Spin-off]]
[[Definition:Strategic partnership]]
[[Definition:Takeover]]
[[Definition:Takeover bid]]
[[Definition:Tender offer]]
[[Definition:Transfer of engagements]]
[[Definition:Tuck-in acquisition]]
[[Definition:Vertical merger]]


Annuities
**Deal participants and roles**
[[Definition:Bidder]]
[[Definition:Immediate annuity]]
[[Definition:Lead adviser]]
[[Definition:Deferred annuity]]
[[Definition:Private equity sponsor]]
[[Definition:Fixed annuity]]
[[Definition:Strategic buyer]]
[[Definition:Variable annuity]]
[[Definition:Target company]]
[[Definition:Indexed annuity]]
[[Definition:Transaction advisory]]
[[Definition:Life annuity]]
[[Definition:Joint-and-survivor annuity]]
[[Definition:Guaranteed period annuity]]


Death & accident riders / supplementary
**Valuation and pricing**
[[Definition:Base purchase price]]
[[Definition:Accidental death and dismemberment insurance (AD&D)]]
[[Definition:Control premium]]
[[Definition:Waiver of premium rider]]
[[Definition:Deal structure]]
[[Definition:Critical illness rider]]
[[Definition:Embedded value (EV)]]
[[Definition:Accelerated death benefit rider]]
[[Definition:Enterprise value (EV)]]
[[Definition:Long-term care rider]]
[[Definition:Equity value]]
[[Definition:Guaranteed insurability rider]]
[[Definition:Purchase consideration]]
[[Definition:Purchase price allocation (PPA)]]
[[Definition:Valuation date]]
[[Definition:Value creation plan]]
[[Definition:Value of in-force business (VIF)]]


Other personal life
**Price adjustment mechanisms**
[[Definition:Adjustment mechanism]]
[[Definition:Credit life insurance]]
[[Definition:Closing adjustment]]
[[Definition:Mortgage life insurance]]
[[Definition:Closing payment]]
[[Definition:Funeral insurance]]
[[Definition:Collar mechanism]]
[[Definition:Pre-need insurance]]
[[Definition:Collar (price collar)]]
[[Definition:Completion account]]
[[Definition:Completion account mechanism]]
[[Definition:Completion mechanism]]
[[Definition:Contingent consideration]]
[[Definition:Contractual price adjustment]]
[[Definition:Debt-free cash-free adjustment]]
[[Definition:Debt-like item]]
[[Definition:Deemed completion mechanism]]
[[Definition:Deferred consideration]]
[[Definition:Deferred payment mechanism]]
[[Definition:Dollar-for-dollar adjustment]]
[[Definition:Earn-out]]
[[Definition:Earn-out adjustment]]
[[Definition:Earn-out milestone]]
[[Definition:Earn-out period]]
[[Definition:Effective economic date]]
[[Definition:Enterprise value to equity value bridge (EV-to-equity bridge)]]
[[Definition:Equity ticker mechanism]]
[[Definition:Excess cash adjustment]]
[[Definition:Leakage]]
[[Definition:Leakage covenant]]
[[Definition:Locked-box account]]
[[Definition:Locked-box date]]
[[Definition:Locked-box interest (ticker)]]
[[Definition:Locked-box mechanism]]
[[Definition:Locked-box permitted leakage]]
[[Definition:Loss reserve true-up]]
[[Definition:Milestone payment]]
[[Definition:Net cash adjustment]]
[[Definition:Net debt adjustment]]
[[Definition:Net working capital target]]
[[Definition:Permitted leakage]]
[[Definition:Post-closing adjustment]]
[[Definition:Post-closing earn-out adjustment]]
[[Definition:Post-closing true-up]]
[[Definition:Pre-closing leakage]]
[[Definition:Pre-closing price adjustment]]
[[Definition:Price adjustment mechanism]]
[[Definition:Price chip]]
[[Definition:Price retention]]
[[Definition:Purchase price reduction]]
[[Definition:Reserve adjustment clause]]
[[Definition:Reserve true-up mechanism]]
[[Definition:Step-up adjustment]]
[[Definition:Ticker mechanism]]
[[Definition:True-up mechanism]]
[[Definition:Unearned premium reserve adjustment]]
[[Definition:Unearned premium reserve transfer]]
[[Definition:Value adjustment]]
[[Definition:Working capital adjustment]]
[[Definition:Working capital collar]]
[[Definition:Working capital peg]]
[[Definition:Working capital shortfall adjustment]]
[[Definition:Working capital surplus adjustment]]
[[Definition:Working capital target]]
[[Definition:Working capital true-up]]


**Warranties, representations, and indemnities**
[[Definition:Bring-down condition]]
[[Definition:Bring-down warranty]]
[[Definition:Catch-all warranty]]
[[Definition:Compliance warranty]]
[[Definition:Double materiality scrape]]
[[Definition:Fundamental warranty]]
[[Definition:General warranty]]
[[Definition:Insurance warranty]]
[[Definition:Knowledge qualifier]]
[[Definition:Knowledge scrape]]
[[Definition:Management warranty]]
[[Definition:Materiality qualifier]]
[[Definition:Materiality scrape]]
[[Definition:No-leakage warranty]]
[[Definition:Regulatory warranty]]
[[Definition:Repetition of warranty]]
[[Definition:Representations and warranties (R&W)]]
[[Definition:Representations and warranties insurance (R&W insurance)]]
[[Definition:Seller warranty]]
[[Definition:Solvency warranty]]
[[Definition:Tax warranty]]
[[Definition:Title and capacity warranty]]
[[Definition:Title warranty]]
[[Definition:Warranty]]
[[Definition:Warranty and indemnity insurance (W&I insurance)]]
[[Definition:Warranty breach]]
[[Definition:Warranty qualifier]]
[[Definition:Warranty repeater clause]]
[[Definition:Warranty survival period]]


LIFE INSURANCE — COMMERCIAL / GROUP
**Indemnification and liability**
[[Definition:Basket (deductible basket)]]
[[Definition:Basket threshold]]
[[Definition:Cap on indemnification]]
[[Definition:Claw-back clause]]
[[Definition:De minimis threshold]]
[[Definition:Environmental indemnity clause]]
[[Definition:Escrow account]]
[[Definition:Escrow release condition]]
[[Definition:Holdback]]
[[Definition:Indemnification clause]]
[[Definition:Indemnity cap]]
[[Definition:Indemnity escrow]]
[[Definition:Indemnity holdback]]
[[Definition:Liability cap]]
[[Definition:Mini basket]]
[[Definition:No-claim declaration]]
[[Definition:Retention amount]]
[[Definition:Seller protection clause]]
[[Definition:Specific indemnity]]
[[Definition:Specific tax indemnity]]
[[Definition:Survival clause]]
[[Definition:Survival period]]
[[Definition:Tax covenant]]
[[Definition:Tax indemnity]]
[[Definition:Third-party claim procedure]]
[[Definition:Threshold amount (de minimis)]]
[[Definition:Time limitation clause]]
[[Definition:Tipping basket]]
[[Definition:Tipping basket mechanism]]
[[Definition:Transaction liability insurance]]


[[Definition:Group term life insurance]]
**Key clauses and covenants**
[[Definition:Acceleration clause]]
[[Definition:Group universal life insurance]]
[[Definition:Anti-embarrassment clause]]
[[Definition:Employer-sponsored life insurance]]
[[Definition:Anti-sandbagging clause]]
[[Definition:Key person life insurance]]
[[Definition:Anti-tilting provision]]
[[Definition:Business succession life insurance]]
[[Definition:Anti-trust approval]]
[[Definition:Buy-sell agreement life insurance]]
[[Definition:Break fee]]
[[Definition:Corporate-owned life insurance (COLI)]]
[[Definition:Breakup fee]]
[[Definition:Bank-owned life insurance (BOLI)]]
[[Definition:Change of control clause]]
[[Definition:Executive life insurance]]
[[Definition:Change of control notification]]
[[Definition:Group credit life insurance]]
[[Definition:Condition precedent (CP)]]
[[Definition:Deferred compensation life insurance]]
[[Definition:Condition precedent to completion (CPC)]]
[[Definition:Split-dollar life insurance]]
[[Definition:Condition subsequent]]
[[Definition:Group annuity contract]]
[[Definition:Closing condition]]
[[Definition:Pension buy-in]]
[[Definition:Covenant not to compete]]
[[Definition:Pension buy-out]]
[[Definition:Drag-along right]]
[[Definition:Longevity insurance]]
[[Definition:Exclusivity agreement]]
[[Definition:Exclusivity period]]
[[Definition:Good leaver clause]]
[[Definition:Hell-or-high-water clause]]
[[Definition:Interim breach clause]]
[[Definition:Interim operating covenant]]
[[Definition:Interim period]]
[[Definition:Key person clause]]
[[Definition:Long-stop date]]
[[Definition:Material adverse change clause (MAC clause)]]
[[Definition:Material adverse effect (MAE)]]
[[Definition:Merger clause (entire agreement clause)]]
[[Definition:No-shop clause]]
[[Definition:Non-compete agreement]]
[[Definition:Non-solicitation clause]]
[[Definition:Ordinary course covenant]]
[[Definition:Outward reinsurance clause]]
[[Definition:Post-completion covenant]]
[[Definition:Pre-closing covenant]]
[[Definition:Pro-sandbagging clause]]
[[Definition:Regulatory change of control approval]]
[[Definition:Reverse breakup fee]]
[[Definition:Sandbagging clause]]
[[Definition:Tag-along right]]
[[Definition:Vesting acceleration]]


**Due diligence**
[[Definition:Actuarial due diligence]]
[[Definition:Buy-side due diligence]]
[[Definition:Data room]]
[[Definition:Due diligence]]
[[Definition:Financial due diligence]]
[[Definition:Incurred but not reported reserve review (IBNR reserve review)]]
[[Definition:Independent actuarial opinion]]
[[Definition:Legal due diligence]]
[[Definition:Merger control filing]]
[[Definition:Operational due diligence]]
[[Definition:Regulatory due diligence]]
[[Definition:Sell-side due diligence]]
[[Definition:Tax due diligence]]
[[Definition:Underwriting due diligence]]


PROPERTY & CASUALTY / GENERAL INSURANCE — RETAIL (PERSONAL LINES)
**Integration and separation**
[[Definition:Acquisition integration plan]]
[[Definition:Day-one readiness]]
[[Definition:Expense synergy]]
[[Definition:Integration planning]]
[[Definition:Integration risk]]
[[Definition:Post-merger integration (PMI)]]
[[Definition:Pre-completion reorganization]]
[[Definition:Separation agreement]]
[[Definition:Stranded cost]]
[[Definition:Synergy]]
[[Definition:Transitional service agreement (TSA)]]
[[Definition:Transitional trademark license]]


Property
**Insurance-specific M&A terms**
[[Definition:Carve-out financial statement]]
[[Definition:Homeowner insurance]]
[[Definition:Economic loss approach]]
[[Definition:Renter insurance]]
[[Definition:Insurance license transfer]]
[[Definition:Condominium owner insurance]]
[[Definition:License novation]]
[[Definition:Dwelling fire insurance]]
[[Definition:Standalone financial statement]]
[[Definition:Personal inland marine insurance]]
[[Definition:Valuable articles insurance]]
[[Definition:Flood insurance]]
[[Definition:Earthquake insurance]]
[[Definition:Personal umbrella liability insurance]]


Motor / Auto
**Transaction process and closing**
[[Definition:Closing date]]
[[Definition:Private motor insurance]]
[[Definition:Co-investment]]
[[Definition:Comprehensive motor insurance]]
[[Definition:Finder's fee]]
[[Definition:Third-party liability motor insurance]]
[[Definition:Investment banking fee]]
[[Definition:Third-party, fire and theft motor insurance]]
[[Definition:Initial public offering (IPO)]]
[[Definition:Collision coverage]]
[[Definition:Sell-side process]]
[[Definition:Uninsured and underinsured motorist coverage]]
[[Definition:Signing date]]
[[Definition:Motor legal protection insurance]]
[[Definition:Guaranteed asset protection insurance (GAP)]]
[[Definition:Classic and collector vehicle insurance]]
[[Definition:Motor breakdown insurance]]


Travel & personal accident
**Agreements and principal documents**
[[Definition:Asset purchase agreement (APA)]]
[[Definition:Travel insurance]]
[[Definition:Break fee agreement]]
[[Definition:Trip cancellation insurance]]
[[Definition:Business transfer agreement (BTA)]]
[[Definition:Personal accident insurance (PA)]]
[[Definition:Confidentiality agreement (CA)]]
[[Definition:Personal liability insurance]]
[[Definition:Definitive agreement]]
[[Definition:Employee transfer agreement]]
[[Definition:Equity commitment letter]]
[[Definition:Escrow agreement]]
[[Definition:Exclusivity letter]]
[[Definition:Expert determination agreement]]
[[Definition:Heads of agreement]]
[[Definition:Heads of terms (HoT)]]
[[Definition:Holdback agreement]]
[[Definition:Letter of intent (LOI)]]
[[Definition:Memorandum of understanding (MOU)]]
[[Definition:Non-disclosure agreement (NDA)]]
[[Definition:Retention agreement]]
[[Definition:Share purchase agreement (SPA)]]
[[Definition:Shareholder agreement]]
[[Definition:Side letter]]
[[Definition:Term sheet]]
[[Definition:Transfer agreement]]


Specialty personal
**Deeds**
[[Definition:Deed of adherence]]
[[Definition:Pet insurance]]
[[Definition:Deed of covenant]]
[[Definition:Wedding insurance]]
[[Definition:Deed of indemnity]]
[[Definition:Bicycle insurance]]
[[Definition:Deed of novation]]
[[Definition:Mobile device insurance]]
[[Definition:Deed of release]]
[[Definition:Identity theft insurance]]
[[Definition:Deed of termination]]
[[Definition:Legal expenses insurance]]
[[Definition:Deed of transfer]]
[[Definition:Hobby and sports insurance]]
[[Definition:Deed of undertaking]]
[[Definition:Management warranty deed]]



**Process documents**
PROPERTY & CASUALTY / GENERAL INSURANCE — COMMERCIAL LINES
[[Definition:Bid letter]]

[[Definition:Binding offer letter]]
Commercial property
[[Definition:Board approval resolution]]
[[Definition:Board information memorandum]]
[[Definition:Commercial property insurance]]
[[Definition:Buyer's closing certificate]]
[[Definition:Commercial fire insurance]]
[[Definition:Capitalization table (cap table)]]
[[Definition:Commercial multi-peril insurance]]
[[Definition:Closing agenda]]
[[Definition:Builder risk insurance]]
[[Definition:Closing bible]]
[[Definition:Business interruption insurance (BI)]]
[[Definition:Closing checklist]]
[[Definition:Contingent business interruption insurance]]
[[Definition:Closing memorandum]]
[[Definition:Equipment breakdown insurance]]
[[Definition:Comfort letter]]
[[Definition:Boiler and machinery insurance]]
[[Definition:Commitment letter]]
[[Definition:Commercial inland marine insurance]]
[[Definition:Company disclosure letter]]
[[Definition:Stock throughput insurance]]
[[Definition:Completion board minute]]
[[Definition:Difference in conditions insurance (DIC)]]

[[Definition:Completion statement]]
Commercial liability
[[Definition:Confidential information memorandum (CIM)]]
[[Definition:Conflict clearance letter]]
[[Definition:Commercial general liability insurance (CGL)]]
[[Definition:Consent solicitation document]]
[[Definition:Product liability insurance]]
[[Definition:Corporate authority document]]
[[Definition:Completed operations liability insurance]]
[[Definition:Corporate structure chart]]
[[Definition:Employer liability insurance]]
[[Definition:Data room index]]
[[Definition:Professional indemnity insurance (PI)]]
[[Definition:Data room rules letter]]
[[Definition:Medical malpractice insurance]]
[[Definition:Disclosure bundle]]
[[Definition:Directors and officers liability insurance (D&O)]]
[[Definition:Disclosure letter]]
[[Definition:Employment practices liability insurance (EPLI)]]
[[Definition:Disclosure schedule]]
[[Definition:Fiduciary liability insurance]]
[[Definition:Draft share purchase agreement (draft SPA)]]
[[Definition:Excess liability insurance]]
[[Definition:Due diligence checklist]]
[[Definition:Commercial umbrella liability insurance]]

[[Definition:Due diligence questionnaire (DDQ)]]
Motor / Fleet
[[Definition:Due diligence report]]
[[Definition:Embedded value report (EV report)]]
[[Definition:Commercial motor insurance]]
[[Definition:Estimated completion statement]]
[[Definition:Fleet motor insurance]]
[[Definition:Expression of interest (EOI)]]
[[Definition:Motor carrier liability insurance]]
[[Definition:Fairness opinion]]
[[Definition:Hired and non-owned auto liability insurance]]

[[Definition:Fee arrangement letter]]
Workers' compensation & workplace
[[Definition:Final bid letter]]
[[Definition:Final offer letter]]
[[Definition:Workers' compensation insurance]]
[[Definition:Financial due diligence report]]
[[Definition:Occupational accident insurance]]
[[Definition:Financial model]]
[[Definition:Workplace injury insurance]]

[[Definition:Funds flow statement]]
Marine, aviation & transport
[[Definition:Gap analysis]]
[[Definition:General disclosure]]
[[Definition:Marine cargo insurance]]
[[Definition:Incurred but not reported analysis (IBNR analysis)]]
[[Definition:Marine hull insurance]]
[[Definition:Independent actuarial review]]
[[Definition:Protection and indemnity insurance (P&I)]]
[[Definition:Independent expert report]]
[[Definition:Port and terminal operator liability insurance]]
[[Definition:Indicative offer letter]]
[[Definition:Freight forwarder liability insurance]]
[[Definition:Information memorandum (IM)]]
[[Definition:Aviation hull insurance]]
[[Definition:Information request list (IRL)]]
[[Definition:Aviation liability insurance]]
[[Definition:Insurance license schedule]]
[[Definition:Aircraft hull and liability insurance]]
[[Definition:Insurance portfolio summary]]
[[Definition:Spacecraft insurance]]

[[Definition:Investment committee memorandum (IC memo)]]
Engineering & construction
[[Definition:Investor presentation]]
[[Definition:IT due diligence report]]
[[Definition:Contractor all-risks insurance (CAR)]]
[[Definition:Key person term sheet]]
[[Definition:Erection all-risks insurance (EAR)]]
[[Definition:Legal due diligence report]]
[[Definition:Construction wrap-up insurance]]
[[Definition:List of material contracts]]
[[Definition:Delay in start-up insurance (DSU)]]
[[Definition:Litigation schedule]]
[[Definition:Professional indemnity insurance for construction]]
[[Definition:Locked-box completion statement]]
[[Definition:Decennial liability insurance]]
[[Definition:Loss reserve analysis]]
[[Definition:Latent defects insurance]]

[[Definition:Management due diligence report]]
Energy & natural resources
[[Definition:Management equity plan]]
[[Definition:Management presentation]]
[[Definition:Upstream energy insurance]]
[[Definition:Management representation letter]]
[[Definition:Downstream energy insurance]]
[[Definition:Markup (contract markup)]]
[[Definition:Onshore energy insurance]]
[[Definition:Material contract summary]]
[[Definition:Offshore energy insurance]]
[[Definition:Merger filing document]]
[[Definition:Power generation insurance]]
[[Definition:Merger notification form]]
[[Definition:Mining insurance]]
[[Definition:Non-binding indicative offer (NBIO)]]
[[Definition:Renewable energy insurance]]

[[Definition:Non-binding offer letter]]
Financial lines & crime
[[Definition:Non-reliance letter]]
[[Definition:Notification letter to policyholders]]
[[Definition:Crime insurance]]
[[Definition:Notification letter to regulators]]
[[Definition:Commercial crime insurance]]
[[Definition:Offer letter]]
[[Definition:Bankers blanket bond (BBB)]]
[[Definition:Operational due diligence report]]
[[Definition:Kidnap and ransom insurance (K&R)]]
[[Definition:Outstanding claims schedule]]
[[Definition:Trade credit insurance]]
[[Definition:Pension due diligence report]]
[[Definition:Political risk insurance]]
[[Definition:Permitted leakage schedule]]
[[Definition:Surety bond]]
[[Definition:Policy register extract]]
[[Definition:Performance bond insurance]]
[[Definition:Post-closing adjustment statement]]
[[Definition:Bid bond]]
[[Definition:Pre-completion reorganization plan]]
[[Definition:Payment bond]]

[[Definition:Process letter]]
Cyber
[[Definition:Proof of funds letter]]
[[Definition:Purchase price allocation report (PPA report)]]
[[Definition:Cyber liability insurance]]
[[Definition:Q&A log (questions and answers log)]]
[[Definition:Data breach insurance]]
[[Definition:Red flag report]]
[[Definition:Network security liability insurance]]
[[Definition:Register of members]]
[[Definition:Technology errors and omissions insurance (tech E&O)]]
[[Definition:Regulatory approval application]]
[[Definition:Media liability insurance]]

[[Definition:Regulatory due diligence report]]
Agricultural
[[Definition:Reinsurance contract schedule]]
[[Definition:Reinsurance program summary]]
[[Definition:Crop insurance]]
[[Definition:Reinsurance recoverables schedule]]
[[Definition:Livestock insurance]]
[[Definition:Reliance letter]]
[[Definition:Agricultural property insurance]]
[[Definition:Representations and warranties insurance application (R&W insurance application)]]
[[Definition:Forestry insurance]]
[[Definition:Reserve adequacy report]]
[[Definition:Aquaculture insurance]]
[[Definition:Run-off cost estimate]]
[[Definition:Index-based agricultural insurance]]
[[Definition:Run-off plan]]
[[Definition:Weather index insurance]]

[[Definition:Schedule of exceptions]]
Specialty commercial
[[Definition:Scheme document]]
[[Definition:Scheme of arrangement document]]
[[Definition:Event cancellation insurance]]
[[Definition:Seller's closing certificate]]
[[Definition:Film and entertainment production insurance]]
[[Definition:Seller's disclosure schedule]]
[[Definition:Fine art insurance]]
[[Definition:Sensitivity analysis]]
[[Definition:Terrorism insurance]]
[[Definition:Share transfer form]]
[[Definition:Political violence insurance]]
[[Definition:Shareholder resolution]]
[[Definition:Environmental liability insurance]]
[[Definition:Signing protocol]]
[[Definition:Product recall insurance]]
[[Definition:Stock transfer form]]
[[Definition:Product contamination insurance]]
[[Definition:Supplementary disclosure letter]]
[[Definition:Intellectual property insurance]]
[[Definition:Tax clearance application]]
[[Definition:Patent infringement insurance]]
[[Definition:Tax due diligence report]]
[[Definition:Reputation risk insurance]]
[[Definition:Tax structuring memorandum]]
[[Definition:Warranty and indemnity insurance (W&I)]]
[[Definition:Teaser (blind teaser)]]
[[Definition:Tax liability insurance]]
[[Definition:Third-party consent letter]]
[[Definition:Title insurance]]
[[Definition:Transaction structure memorandum]]
[[Definition:Contingency insurance]]
[[Definition:Valuation report]]
[[Definition:Parametric insurance]]
[[Definition:Vendor assist report]]
[[Definition:Run-off insurance]]

[[Definition:Vendor due diligence (VDD)]]
Package & bundled
[[Definition:Vendor due diligence report (VDD report)]]
[[Definition:Vendor financial model]]
[[Definition:Business owner policy (BOP)]]
[[Definition:Warranty and indemnity insurance policy (W&I insurance policy)]]
[[Definition:Commercial combined insurance]]
[[Definition:Working capital analysis]]
[[Definition:Industrial all-risks insurance]]

[[Definition:Working capital statement]]

-->
HEALTH INSURANCE — RETAIL (INDIVIDUAL / FAMILY)

Core medical
[[Definition:Private medical insurance (PMI)]]
[[Definition:Individual health insurance]]
[[Definition:Family health insurance]]
[[Definition:Hospital indemnity insurance]]
[[Definition:Surgical expense insurance]]
[[Definition:Supplemental health insurance]]
[[Definition:Out-patient insurance]]
[[Definition:Dental insurance]]
[[Definition:Vision insurance]]
[[Definition:Prescription drug insurance]]
[[Definition:Maternity insurance]]

Critical illness & income protection
[[Definition:Critical illness insurance (CI)]]
[[Definition:Cancer insurance]]
[[Definition:Heart and stroke insurance]]
[[Definition:Income protection insurance (IP)]]
[[Definition:Short-term disability insurance (STD)]]
[[Definition:Long-term disability insurance (LTD)]]
[[Definition:Permanent total disability insurance (PTD)]]

Long-term care
[[Definition:Long-term care insurance (LTC)]]
[[Definition:Home care insurance]]
[[Definition:Nursing home insurance]]

Travel & expatriate health
[[Definition:Travel medical insurance]]
[[Definition:International private medical insurance (IPMI)]]
[[Definition:Expatriate health insurance]]
[[Definition:Medical evacuation insurance]]
[[Definition:Repatriation insurance]]

Wellness & supplementary
[[Definition:Wellness program insurance]]
[[Definition:Mental health insurance]]
[[Definition:Alternative and complementary medicine insurance]]
[[Definition:Personal health excess insurance]]
[[Definition:Second medical opinion insurance]]


HEALTH INSURANCE — COMMERCIAL / GROUP

Group medical
[[Definition:Group medical insurance]]
[[Definition:Employer-sponsored health insurance]]
[[Definition:Self-insured health plan]]
[[Definition:Stop-loss insurance]]
[[Definition:Aggregate stop-loss insurance]]
[[Definition:Specific stop-loss insurance]]
[[Definition:Mini-medical insurance]]

Group disability & income
[[Definition:Group disability insurance]]
[[Definition:Group short-term disability insurance]]
[[Definition:Group long-term disability insurance]]
[[Definition:Group income protection insurance]]
[[Definition:Group critical illness insurance]]

Group supplementary benefits
[[Definition:Group dental insurance]]
[[Definition:Group vision insurance]]
[[Definition:Group life and health combined plan]]
[[Definition:Employee assistance programme insurance (EAP)]]
[[Definition:Group long-term care insurance]]
[[Definition:International group medical insurance]]
[[Definition:Global benefits programme]]

Managed care structures
[[Definition:Health maintenance organisation plan (HMO)]]
[[Definition:Preferred provider organisation plan (PPO)]]
[[Definition:Exclusive provider organisation plan (EPO)]]
[[Definition:Point-of-service plan (POS)]]
[[Definition:Managed care overlay]]


REINSURANCE (CROSS-LINE)

[[Definition:Treaty reinsurance]]
[[Definition:Facultative reinsurance]]
[[Definition:Proportional reinsurance]]
[[Definition:Quota share reinsurance]]
[[Definition:Surplus share reinsurance]]
[[Definition:Non-proportional reinsurance]]
[[Definition:Excess-of-loss reinsurance (XoL)]]
[[Definition:Per-risk excess-of-loss reinsurance]]
[[Definition:Per-occurrence excess-of-loss reinsurance]]
[[Definition:Aggregate excess-of-loss reinsurance]]
[[Definition:Stop-loss reinsurance]]
[[Definition:Catastrophe bond (cat bond)]]
[[Definition:Industry loss warranty (ILW)]]
[[Definition:Sidecar reinsurance]]
[[Definition:Retrocession]]
[[Definition:Life retrocession]]
[[Definition:Finite reinsurance]]
[[Definition:Loss portfolio transfer (LPT)]]
[[Definition:Adverse development cover (ADC)]]

Latest revision as of 09:26, 16 March 2026

LIFE INSURANCE — RETAIL

Term life Definition:Term life insurance Definition:Level term life insurance Definition:Decreasing term life insurance Definition:Renewable term life insurance Definition:Convertible term life insurance

Whole life / Permanent life Definition:Whole life insurance (WL) Definition:Universal life insurance (UL) Definition:Variable life insurance (VL) Definition:Variable universal life insurance (VUL) Definition:Indexed universal life insurance (IUL) Definition:Unit-linked life insurance Definition:With-profits life insurance

Savings, endowment & investment Definition:Endowment policy Definition:Pure endowment policy Definition:Single-premium life insurance Definition:Investment-linked life insurance Definition:Guaranteed income life insurance

Annuities Definition:Immediate annuity Definition:Deferred annuity Definition:Fixed annuity Definition:Variable annuity Definition:Indexed annuity Definition:Life annuity Definition:Joint-and-survivor annuity Definition:Guaranteed period annuity

Death & accident riders / supplementary Definition:Accidental death and dismemberment insurance (AD&D) Definition:Waiver of premium rider Definition:Critical illness rider Definition:Accelerated death benefit rider Definition:Long-term care rider Definition:Guaranteed insurability rider

Other personal life Definition:Credit life insurance Definition:Mortgage life insurance Definition:Funeral insurance Definition:Pre-need insurance


LIFE INSURANCE — COMMERCIAL / GROUP

Definition:Group term life insurance Definition:Group universal life insurance Definition:Employer-sponsored life insurance Definition:Key person life insurance Definition:Business succession life insurance Definition:Buy-sell agreement life insurance Definition:Corporate-owned life insurance (COLI) Definition:Bank-owned life insurance (BOLI) Definition:Executive life insurance Definition:Group credit life insurance Definition:Deferred compensation life insurance Definition:Split-dollar life insurance Definition:Group annuity contract Definition:Pension buy-in Definition:Pension buy-out Definition:Longevity insurance


PROPERTY & CASUALTY / GENERAL INSURANCE — RETAIL (PERSONAL LINES)

Property Definition:Homeowner insurance Definition:Renter insurance Definition:Condominium owner insurance Definition:Dwelling fire insurance Definition:Personal inland marine insurance Definition:Valuable articles insurance Definition:Flood insurance Definition:Earthquake insurance Definition:Personal umbrella liability insurance

Motor / Auto Definition:Private motor insurance Definition:Comprehensive motor insurance Definition:Third-party liability motor insurance Definition:Third-party, fire and theft motor insurance Definition:Collision coverage Definition:Uninsured and underinsured motorist coverage Definition:Motor legal protection insurance Definition:Guaranteed asset protection insurance (GAP) Definition:Classic and collector vehicle insurance Definition:Motor breakdown insurance

Travel & personal accident Definition:Travel insurance Definition:Trip cancellation insurance Definition:Personal accident insurance (PA) Definition:Personal liability insurance

Specialty personal Definition:Pet insurance Definition:Wedding insurance Definition:Bicycle insurance Definition:Mobile device insurance Definition:Identity theft insurance Definition:Legal expenses insurance Definition:Hobby and sports insurance


PROPERTY & CASUALTY / GENERAL INSURANCE — COMMERCIAL LINES

Commercial property Definition:Commercial property insurance Definition:Commercial fire insurance Definition:Commercial multi-peril insurance Definition:Builder risk insurance Definition:Business interruption insurance (BI) Definition:Contingent business interruption insurance Definition:Equipment breakdown insurance Definition:Boiler and machinery insurance Definition:Commercial inland marine insurance Definition:Stock throughput insurance Definition:Difference in conditions insurance (DIC)

Commercial liability Definition:Commercial general liability insurance (CGL) Definition:Product liability insurance Definition:Completed operations liability insurance Definition:Employer liability insurance Definition:Professional indemnity insurance (PI) Definition:Medical malpractice insurance Definition:Directors and officers liability insurance (D&O) Definition:Employment practices liability insurance (EPLI) Definition:Fiduciary liability insurance Definition:Excess liability insurance Definition:Commercial umbrella liability insurance

Motor / Fleet Definition:Commercial motor insurance Definition:Fleet motor insurance Definition:Motor carrier liability insurance Definition:Hired and non-owned auto liability insurance

Workers' compensation & workplace Definition:Workers' compensation insurance Definition:Occupational accident insurance Definition:Workplace injury insurance

Marine, aviation & transport Definition:Marine cargo insurance Definition:Marine hull insurance Definition:Protection and indemnity insurance (P&I) Definition:Port and terminal operator liability insurance Definition:Freight forwarder liability insurance Definition:Aviation hull insurance Definition:Aviation liability insurance Definition:Aircraft hull and liability insurance Definition:Spacecraft insurance

Engineering & construction Definition:Contractor all-risks insurance (CAR) Definition:Erection all-risks insurance (EAR) Definition:Construction wrap-up insurance Definition:Delay in start-up insurance (DSU) Definition:Professional indemnity insurance for construction Definition:Decennial liability insurance Definition:Latent defects insurance

Energy & natural resources Definition:Upstream energy insurance Definition:Downstream energy insurance Definition:Onshore energy insurance Definition:Offshore energy insurance Definition:Power generation insurance Definition:Mining insurance Definition:Renewable energy insurance

Financial lines & crime Definition:Crime insurance Definition:Commercial crime insurance Definition:Bankers blanket bond (BBB) Definition:Kidnap and ransom insurance (K&R) Definition:Trade credit insurance Definition:Political risk insurance Definition:Surety bond Definition:Performance bond insurance Definition:Bid bond Definition:Payment bond

Cyber Definition:Cyber liability insurance Definition:Data breach insurance Definition:Network security liability insurance Definition:Technology errors and omissions insurance (tech E&O) Definition:Media liability insurance

Agricultural Definition:Crop insurance Definition:Livestock insurance Definition:Agricultural property insurance Definition:Forestry insurance Definition:Aquaculture insurance Definition:Index-based agricultural insurance Definition:Weather index insurance

Specialty commercial Definition:Event cancellation insurance Definition:Film and entertainment production insurance Definition:Fine art insurance Definition:Terrorism insurance Definition:Political violence insurance Definition:Environmental liability insurance Definition:Product recall insurance Definition:Product contamination insurance Definition:Intellectual property insurance Definition:Patent infringement insurance Definition:Reputation risk insurance Definition:Warranty and indemnity insurance (W&I) Definition:Tax liability insurance Definition:Title insurance Definition:Contingency insurance Definition:Parametric insurance Definition:Run-off insurance

Package & bundled Definition:Business owner policy (BOP) Definition:Commercial combined insurance Definition:Industrial all-risks insurance


HEALTH INSURANCE — RETAIL (INDIVIDUAL / FAMILY)

Core medical Definition:Private medical insurance (PMI) Definition:Individual health insurance Definition:Family health insurance Definition:Hospital indemnity insurance Definition:Surgical expense insurance Definition:Supplemental health insurance Definition:Out-patient insurance Definition:Dental insurance Definition:Vision insurance Definition:Prescription drug insurance Definition:Maternity insurance

Critical illness & income protection Definition:Critical illness insurance (CI) Definition:Cancer insurance Definition:Heart and stroke insurance Definition:Income protection insurance (IP) Definition:Short-term disability insurance (STD) Definition:Long-term disability insurance (LTD) Definition:Permanent total disability insurance (PTD)

Long-term care Definition:Long-term care insurance (LTC) Definition:Home care insurance Definition:Nursing home insurance

Travel & expatriate health Definition:Travel medical insurance Definition:International private medical insurance (IPMI) Definition:Expatriate health insurance Definition:Medical evacuation insurance Definition:Repatriation insurance

Wellness & supplementary Definition:Wellness program insurance Definition:Mental health insurance Definition:Alternative and complementary medicine insurance Definition:Personal health excess insurance Definition:Second medical opinion insurance


HEALTH INSURANCE — COMMERCIAL / GROUP

Group medical Definition:Group medical insurance Definition:Employer-sponsored health insurance Definition:Self-insured health plan Definition:Stop-loss insurance Definition:Aggregate stop-loss insurance Definition:Specific stop-loss insurance Definition:Mini-medical insurance

Group disability & income Definition:Group disability insurance Definition:Group short-term disability insurance Definition:Group long-term disability insurance Definition:Group income protection insurance Definition:Group critical illness insurance

Group supplementary benefits Definition:Group dental insurance Definition:Group vision insurance Definition:Group life and health combined plan Definition:Employee assistance programme insurance (EAP) Definition:Group long-term care insurance Definition:International group medical insurance Definition:Global benefits programme

Managed care structures Definition:Health maintenance organisation plan (HMO) Definition:Preferred provider organisation plan (PPO) Definition:Exclusive provider organisation plan (EPO) Definition:Point-of-service plan (POS) Definition:Managed care overlay


REINSURANCE (CROSS-LINE)

Definition:Treaty reinsurance Definition:Facultative reinsurance Definition:Proportional reinsurance Definition:Quota share reinsurance Definition:Surplus share reinsurance Definition:Non-proportional reinsurance Definition:Excess-of-loss reinsurance (XoL) Definition:Per-risk excess-of-loss reinsurance Definition:Per-occurrence excess-of-loss reinsurance Definition:Aggregate excess-of-loss reinsurance Definition:Stop-loss reinsurance Definition:Catastrophe bond (cat bond) Definition:Industry loss warranty (ILW) Definition:Sidecar reinsurance Definition:Retrocession Definition:Life retrocession Definition:Finite reinsurance Definition:Loss portfolio transfer (LPT) Definition:Adverse development cover (ADC)

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