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[[Definition:Artificial intelligence (AI)]]
LIFE INSURANCE — RETAIL
[[Definition:Machine learning (ML)]]
[[Definition:Deep learning]]
[[Definition:Natural language processing (NLP)]]
[[Definition:Computer vision]]
[[Definition:Predictive analytics]]
[[Definition:Predictive modelling]]
[[Definition:Algorithmic underwriting]]
[[Definition:Automated claims processing]]
[[Definition:Fraud detection]]
[[Definition:Optical character recognition (OCR)]]
[[Definition:Robotic process automation (RPA)]]
[[Definition:Chatbot]]
[[Definition:Large language model (LLM)]]
[[Definition:Generative artificial intelligence (GenAI)]]
[[Definition:Neural network]]
[[Definition:Supervised learning]]
[[Definition:Unsupervised learning]]
[[Definition:Training data]]
[[Definition:Algorithmic bias]]
[[Definition:Explainability]]
[[Definition:Black box model]]
[[Definition:Model validation]]
[[Definition:Telematics]]
[[Definition:Sentiment analysis]]
[[Definition:Decision tree]]
[[Definition:Data mining]]
[[Definition:Straight-through processing (STP)]]
[[Definition:Intelligent document processing (IDP)]]
[[Definition:Digital twin]]
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]]
[[Definition:Request for proposal (RFP)]]
Savings, endowment & investment
[[Definition:EndowmentRequest policyfor information (RFI)]]
[[Definition:PureRequest endowmentfor policyquotation (RFQ)]]
[[Definition:Single-premiumVendor life insurancemanagement]]
[[Definition:InvestmentThird-linkedparty liferisk insurancemanagement (TPRM)]]
[[Definition:GuaranteedService incomelevel lifeagreement insurance(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:Fourth-party risk]]
[[Definition:Supply chain risk]]
[[Definition:Right to audit clause]]
[[Definition:Data processing agreement (DPA)]]
[[Definition:Intellectual property rights (IPR)]]
[[Definition:Indemnification clause]]
[[Definition:Limitation of liability]]
[[Definition:Force majeure]]
[[Definition:Liquidated damages]]
[[Definition:Penalty clause]]
[[Definition:Earnback mechanism]]
[[Definition:Gain-sharing arrangement]]
[[Definition:Fixed-price contract]]
[[Definition:Time-and-materials contract (T&M)]]
[[Definition:Cost-plus contract]]
[[Definition:Outcome-based contract]]
[[Definition:Maverick spend]]
[[Definition:Spend under management]]
[[Definition:Savings target]]
[[Definition:Budget holder]]
[[Definition:Approval workflow]]
[[Definition:Delegated authority]]
[[Definition:Procurement policy]]
[[Definition:Ethical sourcing]]
[[Definition:Environmental, social, and governance criteria (ESG)]]
[[Definition:Sustainable procurement]]
[[Definition:Vendor performance review]]
[[Definition:Continuous improvement]]
[[Definition:Market analysis]]
[[Definition:Make-or-buy decision]]
[[Definition:Incumbent supplier]]
[[Definition:Gross written premiums (GWP)]]
Annuities
[[Definition:ImmediateCombined annuityratio (CR)]]
[[Definition:DeferredUnderlying annuityearnings]]
[[Definition:FixedUnderlying annuityearnings per share (UEPS)]]
[[Definition:VariableUnderlying annuityreturn on equity (URoE)]]
[[Definition:IndexedNet annuityincome]]
[[Definition:LifeSolvency annuityII ratio]]
[[Definition:Joint-and-survivorEligible annuityown funds (EOF)]]
[[Definition:GuaranteedContractual periodservice annuitymargin (CSM)]]
[[Definition:New business value (NBV)]]
[[Definition:New business value margin]]
Death & accident riders / supplementary
[[Definition:AccidentalPresent deathvalue andof dismembermentexpected insurancepremiums (AD&DPVEP)]]
[[Definition:WaiverNew ofbusiness premiumcontractual riderservice margin (NB CSM)]]
[[Definition:CriticalCSM illness riderrelease]]
[[Definition:AcceleratedTechnical death benefit ridermargin]]
[[Definition:Long-termTechnical care riderexperience]]
[[Definition:GuaranteedNet insurability riderflows]]
[[Definition:Unit-linked]]
[[Definition:General account (GA)]]
Other personal life
[[Definition:CreditProperty lifeand casualty insurance (P&C)]]
[[Definition:MortgageLife lifeand health insurance (L&H)]]
[[Definition:FuneralCommercial insurancelines]]
[[Definition:Pre-needPersonal insurancelines]]
[[Definition:Reinsurance]]
[[Definition:Managing general agent (MGA)]]
[[Definition:Natural catastrophe charges (Nat Cat)]]
LIFE INSURANCE — COMMERCIAL / GROUP
[[Definition:Prior years' reserve development]]
[[Definition:GroupClaims term life insurancereserve]]
[[Definition:GroupUnwind universalof life insurancediscount]]
[[Definition:Employer-sponsoredLoss life insuranceratio]]
[[Definition:KeyExpense person life insuranceratio]]
[[Definition:BusinessCurrent successionyear life insuranceloss]]
[[Definition:BuyShort-selltail agreement life insurancelines]]
[[Definition:CorporateLong-ownedtail life insurance (COLI)lines]]
[[Definition:Bank-owned lifeCasualty insurance (BOLI)]]
[[Definition:ExecutiveFinancial life insurancelines]]
[[Definition:Group credit life insuranceProtection]]
[[Definition:Deferred compensation lifeSavings insurance]]
[[Definition:Split-dollarEndowment life insuranceproduct]]
[[Definition:GroupSingle annuity contractpremium]]
[[Definition:Pension buyWhole-inlife product]]
[[Definition:Pension buy-outBancassurance]]
[[Definition:LongevityDirect insurance]]
[[Definition:Motor insurance]]
[[Definition:Fire insurance]]
[[Definition:Workers' compensation]]
PROPERTY & CASUALTY / GENERAL INSURANCE — RETAIL (PERSONAL LINES)
[[Definition:Group life insurance]]
[[Definition:Health insurance]]
Property
[[Definition:HomeownerComplementary health insurance]]
[[Definition:RenterRetail insurancemotor]]
[[Definition:CondominiumSocial owner insuranceinflation]]
[[Definition:DwellingMarket fire insurancesoftening]]
[[Definition:PersonalPricing inland marine insurancecycle]]
[[Definition:ValuableCapital-light articles insuranceproduct]]
[[Definition:Flood insuranceSurrender]]
[[Definition:Earthquake insurancePersistency]]
[[Definition:Personal umbrella liability insuranceUnderwriting]]
[[Definition:Pruning]]
[[Definition:Earn-through]]
Motor / Auto
[[Definition:PrivateDebt motor insurancegearing]]
[[Definition:ComprehensiveRestricted motorTier insurance1 capital (RT1)]]
[[Definition:Third-partyTier liability2 motor insurancecapital]]
[[Definition:Third-party,Loss fireabsorption and theft motor insurancemechanism]]
[[Definition:Collision coverageWrite-down]]
[[Definition:UninsuredCredit and underinsured motorist coveragespread]]
[[Definition:MotorInvestment legal protection insurancegrade]]
[[Definition:GuaranteedHigh asset protection insurance (GAP)yield]]
[[Definition:ClassicCorporate and collector vehicle insurancespread]]
[[Definition:MotorSolvency breakdowncapital insurancerequirement (SCR)]]
[[Definition:Organic cash upstream]]
[[Definition:Dividend payout ratio]]
Travel & personal accident
[[Definition:TravelTotal insurancepayout ratio]]
[[Definition:TripShare cancellation insurancebuy-back]]
[[Definition:PersonalNormalized accidentown insurancefunds (PA)generation]]
[[Definition:PersonalOperating liability insurancereturn]]
[[Definition:Foreseeable dividend]]
[[Definition:Comparable basis]]
Specialty personal
[[Definition:PetConstant insuranceexchange rate basis]]
[[Definition:WeddingScope insuranceeffect]]
[[Definition:BicycleIntercompany insuranceelimination]]
[[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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