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[[Definition:UnderwritingActuarial risk]]
[[Definition:UnderwritingAdverse authorityselection]]
[[Definition:UnderwritingAggregate guidelinelimit]]
[[Definition:UnderwritingAggregate capacitystop-loss]]
[[Definition:UnderwritingAggregation cyclerisk]]
[[Definition:UnderwritingAllocated profitloss adjustment expense (ALAE)]]
[[Definition:UnderwritingAs losslow as reasonably practicable (ALARP)]]
[[Definition:UnderwritingAttachment resultpoint]]
[[Definition:UnderwritingAttrition yearrate]]
[[Definition:UnderwritingBasis risk]]
[[Definition:Underwriting appetiteBordereaux]]
[[Definition:UnderwritingBurning strategycost]]
[[Definition:Underwriting disciplineCapacity]]
[[Definition:UnderwritingCapital philosophyadequacy]]
[[Definition:UnderwritingCatastrophe manualbond (Cat bond)]]
[[Definition:UnderwritingCatastrophe limitexcess of loss]]
[[Definition:Underwriting submission]]
[[Definition:Underwriting referral]]
[[Definition:Underwriting review]]
[[Definition:Underwriting audit]]
[[Definition:Underwriting peer review]]
[[Definition:Underwriting file]]
[[Definition:Underwriting memorandum]]
[[Definition:Underwriting agreement]]
[[Definition:Underwriting expense]]
[[Definition:Underwriting margin]]
[[Definition:Underwriting income]]
[[Definition:Underwriting leverage]]
[[Definition:Underwriting portfolio]]
[[Definition:Underwriting performance]]
[[Definition:Underwriting criteria]]
[[Definition:Underwriting information]]
[[Definition:Underwriting decision]]
[[Definition:Underwriting authority framework]]
[[Definition:Underwriting control]]
[[Definition:Underwriting governance]]
[[Definition:Underwriting oversight]]
[[Definition:Underwriting delegation]]
[[Definition:Underwriting quality assurance]]
[[Definition:Underwriting exception]]
[[Definition:Underwriting deviation]]
[[Definition:Underwriting benchmark]]
[[Definition:Underwriting process]]
[[Definition:Underwriting workflow]]
[[Definition:Underwriting triage]]
[[Definition:Underwriting clearance]]
[[Definition:Underwriting sign-off]]
[[Definition:Risk assessment]]
[[Definition:Risk selection]]
[[Definition:Risk classification]]
[[Definition:Risk evaluation]]
[[Definition:Risk appetite]]
[[Definition:Risk appetite statement]]
[[Definition:Risk tolerance]]
[[Definition:Risk acceptance]]
[[Definition:Risk declination]]
[[Definition:Risk profile]]
[[Definition:Risk scoring]]
[[Definition:Risk grading]]
[[Definition:Risk rating]]
[[Definition:Risk segmentation]]
[[Definition:Risk differentiation]]
[[Definition:Risk factor]]
[[Definition:Risk indicator]]
[[Definition:Risk characteristic]]
[[Definition:Risk survey]]
[[Definition:Risk inspection]]
[[Definition:Risk engineering]]
[[Definition:Risk improvement]]
[[Definition:Risk improvement recommendation]]
[[Definition:Risk mitigation]]
[[Definition:Risk transfer]]
[[Definition:Risk retention]]
[[Definition:Risk aggregation]]
[[Definition:Risk accumulation]]
[[Definition:Risk concentration]]
[[Definition:Risk correlation]]
[[Definition:Risk exposure]]
[[Definition:Risk mapping]]
[[Definition:Hazard identification]]
[[Definition:Moral hazard]]
[[Definition:Morale hazard]]
[[Definition:Physical hazard]]
[[Definition:Loss exposure]]
[[Definition:Exposure analysis]]
[[Definition:Exposure management]]
[[Definition:Exposure monitoring]]
[[Definition:Aggregate exposure]]
[[Definition:Probable maximum loss (PML)]]
[[Definition:Maximum possible loss (MPL)]]
[[Definition:Estimated maximum loss (EML)]]
[[Definition:Normal loss expectancy (NLE)]]
[[Definition:Maximum foreseeable loss (MFL)]]
[[Definition:Expected loss]]
[[Definition:Loss expectancy]]
[[Definition:Catastrophe exposure]]
[[Definition:Natural catastrophe risk (nat cat)]]
[[Definition:Man-made catastrophe risk]]
[[Definition:Catastrophe modelling]]
[[Definition:Catastrophe model]]
[[Definition:ReturnCatastrophe periodrisk]]
[[Definition:Probable maximum loss curveCedant]]
[[Definition:ExceedanceClaims probability curvefrequency]]
[[Definition:AggregateClaims exceedance probability (AEP)reserving]]
[[Definition:OccurrenceClaims exceedance probability (OEP)severity]]
[[Definition:AverageClaims annual loss (AAL)triangle]]
[[Definition:TailClash value at risk (TVaR)cover]]
[[Definition:Value at risk (VaR)Coinsurance]]
[[Definition:StochasticCombined modellingratio]]
[[Definition:DeterministicConcentration scenariorisk]]
[[Definition:RealisticCorrelation disaster scenario (RDS)risk]]
[[Definition:StressCredit testrisk]]
[[Definition:ScenarioCumulative analysisexposure]]
[[Definition:Accumulation controlDeductible]]
[[Definition:Clash risk]]
[[Definition:Premium]]
[[Definition:Gross written premium (GWP)]]
[[Definition:Net written premium (NWP)]]
[[Definition:Gross earned premium (GEP)]]
[[Definition:Net earned premium (NEP)]]
[[Definition:Unearned premium]]
[[Definition:Unearned premium reserve (UPR)]]
[[Definition:Earned premium]]
[[Definition:WrittenEconomic premiumcapital]]
[[Definition:PremiumEmerging incomerisk]]
[[Definition:PremiumEnterprise volumerisk management (ERM)]]
[[Definition:PremiumEvent ratelimit]]
[[Definition:PremiumExcess ratingof loss (XoL)]]
[[Definition:RateExceedance adequacyprobability]]
[[Definition:RateExpected levelloss]]
[[Definition:Rate change]]
[[Definition:Rate increase]]
[[Definition:Rate reduction]]
[[Definition:Rate hardening]]
[[Definition:Rate softening]]
[[Definition:Rating factor]]
[[Definition:Rating algorithm]]
[[Definition:Rating model]]
[[Definition:Rating table]]
[[Definition:Rating basis]]
[[Definition:Rating class]]
[[Definition:Rating plan]]
[[Definition:Base rate]]
[[Definition:Base premium]]
[[Definition:Technical rate]]
[[Definition:Technical price]]
[[Definition:Technical premium]]
[[Definition:Manual rate]]
[[Definition:Indicated rate]]
[[Definition:Target rate]]
[[Definition:Minimum premium]]
[[Definition:Deposit premium]]
[[Definition:Adjustable premium]]
[[Definition:Provisional premium]]
[[Definition:Flat premium]]
[[Definition:Annual premium]]
[[Definition:Additional premium]]
[[Definition:Return premium]]
[[Definition:Reinstatement premium]]
[[Definition:Short-rate premium]]
[[Definition:Pro rata premium]]
[[Definition:Minimum and deposit premium (M&D)]]
[[Definition:Burning cost]]
[[Definition:Burning cost ratio]]
[[Definition:Experience rating]]
[[Definition:Exposure rating]]
[[Definition:Schedule rating]]
[[Definition:Judgement rating (also judgment rating)]]
[[Definition:Community rating]]
[[Definition:Merit rating]]
[[Definition:Retrospective rating]]
[[Definition:Prospective rating]]
[[Definition:Composite rating]]
[[Definition:Class rating]]
[[Definition:Individual risk rating]]
[[Definition:Loss rating]]
[[Definition:Credibility weighting]]
[[Definition:Credibility factor]]
[[Definition:Actuarial pricing]]
[[Definition:Actuarial analysis]]
[[Definition:Loss cost]]
[[Definition:Pure premium]]
[[Definition:Risk premium]]
[[Definition:Loaded premium]]
[[Definition:Loading]]
[[Definition:Expense loading]]
[[Definition:Catastrophe loading]]
[[Definition:Profit loading]]
[[Definition:Contingency loading]]
[[Definition:Loss ratio (L/R)]]
[[Definition:Incurred loss ratio]]
[[Definition:Ultimate loss ratio]]
[[Definition:Attritional loss ratio]]
[[Definition:Expected loss ratio (ELR)]]
[[Definition:Expense ratio]]
[[Definition:Combined ratioExposure]]
[[Definition:CombinedExposure operating ratiomanagement]]
[[Definition:OperatingFacultative ratioreinsurance]]
[[Definition:CommissionFinite ratioreinsurance]]
[[Definition:AcquisitionFrequency-severity cost ratiomodel]]
[[Definition:Net loss ratioFronting]]
[[Definition:Gross losswritten ratiopremium (GWP)]]
[[Definition:Hazard]]
[[Definition:Incurred but not enough reserved (IBNER)]]
[[Definition:Incurred but not reported (IBNR)]]
[[Definition:Incurred loss ratio]]
[[Definition:Indemnity]]
[[Definition:Industry loss warranty (ILW)]]
[[Definition:Inherent risk]]
[[Definition:Insurance-linked security (ILS)]]
[[Definition:Insurance risk]]
[[Definition:Insured peril]]
[[Definition:Key risk indicator (KRI)]]
[[Definition:Large loss]]
[[Definition:Latent liability]]
[[Definition:Law of large numbers]]
[[Definition:Limit of liability]]
[[Definition:Line size]]
[[Definition:Liquidity risk]]
[[Definition:Lloyd's market]]
[[Definition:Loss adjustment expense (LAE)]]
[[Definition:Loss development]]
[[Definition:Loss development factor (LDF)]]
[[Definition:Loss triangle]]
[[Definition:Incurred but not reported reserve (IBNR)]]
[[Definition:Large loss]]
[[Definition:Attritional loss]]
[[Definition:Frequency]]
[[Definition:Severity]]
[[Definition:Loss frequency]]
[[Definition:Loss mitigation]]
[[Definition:Loss portfolio transfer (LPT)]]
[[Definition:Loss ratio (L/R)]]
[[Definition:Loss reserve]]
[[Definition:Loss severity]]
[[Definition:Loss trendtriangle]]
[[Definition:LossMarket volatilityrisk]]
[[Definition:LossMaximum historyforeseeable loss (MFL)]]
[[Definition:LossMaximum experiencepossible loss (MPL)]]
[[Definition:ClaimsModel experiencerisk]]
[[Definition:LossMonte recordCarlo simulation]]
[[Definition:BordereauMoral hazard]]
[[Definition:PremiumMorale bordereauhazard]]
[[Definition:ClaimsNatural bordereaucatastrophe (Nat cat)]]
[[Definition:Policy]]
[[Definition:Insurance policy]]
[[Definition:Policy form]]
[[Definition:Policy wording]]
[[Definition:Policy condition]]
[[Definition:Policy term]]
[[Definition:Policy period]]
[[Definition:Policy inception]]
[[Definition:Policy expiry]]
[[Definition:Policy limit]]
[[Definition:Limit of liability]]
[[Definition:Limit of indemnity]]
[[Definition:Aggregate limit]]
[[Definition:Per occurrence limit]]
[[Definition:Per claim limit]]
[[Definition:Annual aggregate limit]]
[[Definition:Sublimit]]
[[Definition:Inner limit]]
[[Definition:Combined single limit (CSL)]]
[[Definition:Split limit]]
[[Definition:Blanket limit]]
[[Definition:Shared limit]]
[[Definition:Excess of loss]]
[[Definition:Excess point]]
[[Definition:Attachment point]]
[[Definition:Self-insured retention (SIR)]]
[[Definition:Deductible]]
[[Definition:Aggregate deductible]]
[[Definition:Per occurrence deductible]]
[[Definition:Franchise deductible]]
[[Definition:Waiting period (also elimination period)]]
[[Definition:Retention]]
[[Definition:Net retention]]
[[Definition:Co-insuranceNet written premium (NWP)]]
[[Definition:Co-insurance clause]]
[[Definition:Average clause]]
[[Definition:Condition of average]]
[[Definition:Indemnity]]
[[Definition:Principle of indemnity]]
[[Definition:Sum insured]]
[[Definition:Insurable value]]
[[Definition:Agreed value]]
[[Definition:Replacement value]]
[[Definition:Actual cash value]]
[[Definition:Market value]]
[[Definition:First loss]]
[[Definition:Total loss]]
[[Definition:Partial loss]]
[[Definition:Constructive total loss]]
[[Definition:Under-insurance]]
[[Definition:Over-insurance]]
[[Definition:Insurable interest]]
[[Definition:Utmost good faith (uberrima fides)]]
[[Definition:Duty of disclosure]]
[[Definition:Material fact]]
[[Definition:Material misrepresentation]]
[[Definition:Non-disclosure]]
[[Definition:Warranty]]
[[Definition:Condition precedent]]
[[Definition:Subrogation]]
[[Definition:Contribution]]
[[Definition:Proximate cause]]
[[Definition:Fortuitous event]]
[[Definition:Peril]]
[[Definition:Named peril]]
[[Definition:All-risk coverage (also all-risks)]]
[[Definition:Exclusion]]
[[Definition:Exclusion clause]]
[[Definition:General exclusion]]
[[Definition:Specific exclusion]]
[[Definition:Absolute exclusion]]
[[Definition:Standard exclusion]]
[[Definition:War exclusion]]
[[Definition:Terrorism exclusion]]
[[Definition:Nuclear exclusion]]
[[Definition:Cyber exclusion]]
[[Definition:Pollution exclusion]]
[[Definition:Communicable disease exclusion]]
[[Definition:Pandemic exclusion]]
[[Definition:Sanction exclusion]]
[[Definition:Sanction limitation and exclusion clause (SLEC)]]
[[Definition:Asbestos exclusion]]
[[Definition:Wear and tear exclusion]]
[[Definition:Gradual deterioration exclusion]]
[[Definition:Endorsement (also rider)]]
[[Definition:Policy endorsement]]
[[Definition:Extension]]
[[Definition:Extension of coverage]]
[[Definition:Coverage extension]]
[[Definition:Broadening endorsement]]
[[Definition:Restrictive endorsement]]
[[Definition:Manuscript endorsement]]
[[Definition:Standard endorsement]]
[[Definition:Coverage]]
[[Definition:Scope of coverage]]
[[Definition:Coverage grant]]
[[Definition:Coverage trigger]]
[[Definition:Coverage part]]
[[Definition:Coverage territory]]
[[Definition:Territorial scope]]
[[Definition:Worldwide coverage]]
[[Definition:Jurisdiction clause]]
[[Definition:Choice of law clause]]
[[Definition:Arbitration clause]]
[[Definition:Service of suit clause]]
[[Definition:Claims-made coverage]]
[[Definition:Claims-made and reported]]
[[Definition:Occurrence-based coverage]]
[[Definition:Discovery period]]
[[Definition:Extended reporting period (ERP)]]
[[Definition:Retroactive date]]
[[Definition:Prior acts coverage]]
[[Definition:Sunset clause]]
[[Definition:Losses occurring basis]]
[[Definition:Risks attaching basis]]
[[Definition:Claims-made basis]]
[[Definition:Inception date]]
[[Definition:Expiration date]]
[[Definition:Continuous coverage]]
[[Definition:Renewal]]
[[Definition:Policy renewal]]
[[Definition:Renewal terms]]
[[Definition:Renewal retention]]
[[Definition:Non-renewal]]
[[Definition:Cancellation]]
[[Definition:Mid-term cancellation]]
[[Definition:Flat cancellation]]
[[Definition:Short-rate cancellation]]
[[Definition:Pro rata cancellation]]
[[Definition:Notice of cancellation]]
[[Definition:Reinstatement]]
[[Definition:New business]]
[[Definition:New business submission]]
[[Definition:Renewal business]]
[[Definition:Quote]]
[[Definition:Quotation]]
[[Definition:Indication]]
[[Definition:Firm order]]
[[Definition:Binder]]
[[Definition:Cover note]]
[[Definition:Certificate of insurance]]
[[Definition:Declaration page]]
[[Definition:Schedule (policy schedule)]]
[[Definition:Proposal form]]
[[Definition:Application]]
[[Definition:Statement of fact]]
[[Definition:Warranty statement]]
[[Definition:Representation]]
[[Definition:Slip]]
[[Definition:Market reform contract (MRC)]]
[[Definition:Placing slip]]
[[Definition:Signing]]
[[Definition:Closing]]
[[Definition:Line]]
[[Definition:Signed line]]
[[Definition:Written line]]
[[Definition:Lead line]]
[[Definition:Lead underwriter]]
[[Definition:Following underwriter]]
[[Definition:Following market]]
[[Definition:Subscription market]]
[[Definition:Co-lead]]
[[Definition:Stamp]]
[[Definition:Scratch]]
[[Definition:Firm order terms (FOT)]]
[[Definition:Gross line]]
[[Definition:Net line]]
[[Definition:Vertical placement]]
[[Definition:Horizontal placement]]
[[Definition:Market placement]]
[[Definition:Oversubscription]]
[[Definition:Signing down]]
[[Definition:Bureau signing]]
[[Definition:Premium payment warranty clause]]
[[Definition:Premium payment condition]]
[[Definition:Broker]]
[[Definition:Insurance broker]]
[[Definition:Reinsurance broker]]
[[Definition:Placing broker]]
[[Definition:Producing broker]]
[[Definition:Wholesale broker]]
[[Definition:Lloyd's broker]]
[[Definition:Managing general agent (MGA)]]
[[Definition:Managing general underwriter (MGU)]]
[[Definition:Delegated underwriting authority (DUA)]]
[[Definition:Binding authority]]
[[Definition:Binding authority agreement (also binder agreement)]]
[[Definition:Coverholder]]
[[Definition:Third-party administrator (TPA)]]
[[Definition:Delegated authority]]
[[Definition:Delegated claims authority]]
[[Definition:Letter of authority (LOA)]]
[[Definition:Lineslip]]
[[Definition:Consortium]]
[[Definition:Facility]]
[[Definition:Programme (also program)]]
[[Definition:Treaty]]
[[Definition:Obligatory treaty]]
[[Definition:FacultativeOccurrence placementlimit]]
[[Definition:FacultativeOperational obligatory treaty (fac-ob)risk]]
[[Definition:ProportionalOutstanding treatyloss reserve]]
[[Definition:Non-proportionalOwn treatyrisk and solvency assessment (ORSA)]]
[[Definition:QuotaParametric share treatyinsurance]]
[[Definition:Surplus treatyPeril]]
[[Definition:ExcessPolicy of loss treaty (XoL)limit]]
[[Definition:Stop loss treaty (also aggregate stop loss)Pooling]]
[[Definition:CatastrophePortfolio excess of loss (cat XoL)runoff]]
[[Definition:PerProbable riskmaximum excessloss of loss(PML)]]
[[Definition:PerProportional occurrence excess of lossreinsurance]]
[[Definition:Quota share]]
[[Definition:Rate adequacy]]
[[Definition:Rate on line (RoL)]]
[[Definition:Reinsurance]]
[[Definition:Ceded reinsurance]]
[[Definition:Assumed reinsurance]]
[[Definition:Retrocession]]
[[Definition:Retrocessionaire]]
[[Definition:Cession]]
[[Definition:Ceding commission]]
[[Definition:Profit commission]]
[[Definition:Sliding scale commission]]
[[Definition:Override commission]]
[[Definition:Brokerage]]
[[Definition:Acquisition cost]]
[[Definition:Net cost]]
[[Definition:Reinsurance premium]]
[[Definition:Reinsurance rate]]
[[Definition:Reinsurance recovery]]
[[Definition:Reinsurance recoverables]]
[[Definition:Reinsurance securityto close (RITC)]]
[[Definition:ReinsurerReinstatement credit riskpremium]]
[[Definition:ReinsuranceRegulatory panelrisk]]
[[Definition:ReinsuranceReputation programmerisk]]
[[Definition:LayerResidual risk]]
[[Definition:Layered programmeRetrocession]]
[[Definition:PrimaryReturn layerperiod]]
[[Definition:WorkingRisk layeraggregation]]
[[Definition:ExcessRisk layerappetite]]
[[Definition:BufferRisk layerappetite framework]]
[[Definition:CatastropheRisk layerassessment]]
[[Definition:Top and drop]]
[[Definition:Swing-rated cover]]
[[Definition:Loss corridor]]
[[Definition:Loss participation]]
[[Definition:Annual aggregate deductible (AAD)]]
[[Definition:Annual aggregate limit (AAL)]]
[[Definition:Reinstatement (reinsurance)]]
[[Definition:Reinstatement provision]]
[[Definition:Free reinstatement]]
[[Definition:Paid reinstatement]]
[[Definition:Hours clause]]
[[Definition:Occurrence definition]]
[[Definition:Event definition]]
[[Definition:Event limit]]
[[Definition:Indexation clause]]
[[Definition:Stability clause]]
[[Definition:Sunset clause (reinsurance)]]
[[Definition:Cut-through clause]]
[[Definition:Insolvency clause]]
[[Definition:Errors and omissions clause]]
[[Definition:Follow the fortunes]]
[[Definition:Follow the settlements]]
[[Definition:Losses occurring during]]
[[Definition:Risks attaching during]]
[[Definition:Class of business]]
[[Definition:Line of business (LoB)]]
[[Definition:Book of business]]
[[Definition:Portfolio]]
[[Definition:Portfolio transfer]]
[[Definition:Loss portfolio transfer (LPT)]]
[[Definition:Adverse development cover (ADC)]]
[[Definition:Run-off]]
[[Definition:Run-off portfolio]]
[[Definition:Novation]]
[[Definition:Commutation]]
[[Definition:Property insurance]]
[[Definition:Casualty insurance (also liability insurance)]]
[[Definition:General liability insurance]]
[[Definition:Professional liability insurance (also professional indemnity)]]
[[Definition:Directors and officers liability insurance (D&O)]]
[[Definition:Errors and omissions insurance (E&O)]]
[[Definition:Employers' liability insurance]]
[[Definition:Workers' compensation insurance]]
[[Definition:Product liability insurance]]
[[Definition:Public liability insurance]]
[[Definition:Commercial general liability (CGL)]]
[[Definition:Excess liability insurance]]
[[Definition:Umbrella liability insurance]]
[[Definition:Cyber liability insurance]]
[[Definition:Environmental liability insurance]]
[[Definition:Marine insurance]]
[[Definition:Hull insurance]]
[[Definition:Cargo insurance]]
[[Definition:Protection and indemnity insurance (P&I)]]
[[Definition:Aviation insurance]]
[[Definition:Energy insurance]]
[[Definition:Construction insurance]]
[[Definition:Engineering insurance]]
[[Definition:Contractor's all risks insurance (CAR)]]
[[Definition:Erection all risks insurance (EAR)]]
[[Definition:Delay in start-up insurance (DSU)]]
[[Definition:Advance loss of profits insurance (ALOP)]]
[[Definition:Business interruption insurance (BI)]]
[[Definition:Contingent business interruption insurance]]
[[Definition:Loss of profits insurance]]
[[Definition:Credit insurance]]
[[Definition:Surety bond]]
[[Definition:Trade credit insurance]]
[[Definition:Political risk insurance]]
[[Definition:Kidnap and ransom insurance (K&R)]]
[[Definition:Terrorism insurance]]
[[Definition:Motor insurance]]
[[Definition:Fleet insurance]]
[[Definition:Personal lines]]
[[Definition:Commercial lines]]
[[Definition:Specialty lines]]
[[Definition:Financial lines]]
[[Definition:Accident and health insurance (A&H)]]
[[Definition:Life insurance]]
[[Definition:Group insurance]]
[[Definition:Parametric insurance]]
[[Definition:Index-based insurance]]
[[Definition:Captive insurance]]
[[Definition:Captive insurer]]
[[Definition:Fronting]]
[[Definition:Fronting insurer]]
[[Definition:Fronting arrangement]]
[[Definition:Risk-bearing entity]]
[[Definition:Insured]]
[[Definition:Named insured]]
[[Definition:Additional insured]]
[[Definition:Policyholder]]
[[Definition:First named insured]]
[[Definition:Certificate holder]]
[[Definition:Loss payee]]
[[Definition:Beneficiary]]
[[Definition:Claimant]]
[[Definition:Third party]]
[[Definition:Insurer]]
[[Definition:Carrier]]
[[Definition:Underwriter]]
[[Definition:Primary insurer]]
[[Definition:Excess insurer]]
[[Definition:Surplus lines insurer (also non-admitted insurer)]]
[[Definition:Admitted insurer]]
[[Definition:Lloyd's of London]]
[[Definition:Lloyd's syndicate]]
[[Definition:Lloyd's managing agent]]
[[Definition:Syndicate]]
[[Definition:Insurance pool]]
[[Definition:Mutual insurer]]
[[Definition:Reciprocal exchange]]
[[Definition:Insurance company rating]]
[[Definition:Financial strength rating (FSR)]]
[[Definition:Credit rating (insurer)]]
[[Definition:Security rating]]
[[Definition:A.M. Best rating]]
[[Definition:Solvency]]
[[Definition:Solvency margin]]
[[Definition:Solvency capital requirement (SCR)]]
[[Definition:Minimum capital requirement (MCR)]]
[[Definition:Risk-based capital (RBC)]]
[[Definition:OwnRisk risk and solvency assessment (ORSA)classification]]
[[Definition:CapitalRisk adequacycontrol]]
[[Definition:RegulatoryRisk capitalculture]]
[[Definition:EconomicRisk capitalexposure]]
[[Definition:TechnicalRisk provisionfactor]]
[[Definition:Reserve]]
[[Definition:Loss reserve]]
[[Definition:Premium reserve]]
[[Definition:Claims reserve]]
[[Definition:Catastrophe reserve]]
[[Definition:Equalisation reserve]]
[[Definition:Reserve adequacy]]
[[Definition:Reserve strengthening]]
[[Definition:Reserve release]]
[[Definition:Prior year reserve development]]
[[Definition:Adverse reserve development]]
[[Definition:Favourable reserve development]]
[[Definition:Reserving]]
[[Definition:Chain ladder method]]
[[Definition:Bornhuetter-Ferguson method]]
[[Definition:Cape Cod method]]
[[Definition:Frequency-severity method]]
[[Definition:Benchmark method]]
[[Definition:Tail factor]]
[[Definition:Development pattern]]
[[Definition:Ultimate loss]]
[[Definition:Loss pick]]
[[Definition:Initial expected loss ratio (IELR)]]
[[Definition:A priori loss ratio]]
[[Definition:Booked loss ratio]]
[[Definition:Paid loss]]
[[Definition:Incurred loss]]
[[Definition:Case reserve]]
[[Definition:Bulk reserve]]
[[Definition:Actuarial reserve]]
[[Definition:Underwriting reserve]]
[[Definition:Catastrophe bond (cat bond)]]
[[Definition:Insurance-linked security (ILS)]]
[[Definition:Industry loss warranty (ILW)]]
[[Definition:Sidecar]]
[[Definition:Special purpose vehicle (SPV)]]
[[Definition:Alternative risk transfer (ART)]]
[[Definition:Risk financing]]
[[Definition:StructuredRisk reinsurancegovernance]]
[[Definition:FiniteRisk reinsuranceidentification]]
[[Definition:LossRisk sensitive programmelimit]]
[[Definition:LargeRisk deductible programmemapping]]
[[Definition:Self-insurance]]
[[Definition:Self-insured retention]]
[[Definition:Risk pooling]]
[[Definition:Adverse selection]]
[[Definition:Anti-selection]]
[[Definition:Positive selection]]
[[Definition:Risk-based pricing]]
[[Definition:Actuarial fairness]]
[[Definition:Cross-subsidisation]]
[[Definition:Rate filing]]
[[Definition:Rate regulation]]
[[Definition:Tariff rate]]
[[Definition:Freedom of rate]]
[[Definition:De-tariffication]]
[[Definition:Market conduct]]
[[Definition:Treating customers fairly (TCF)]]
[[Definition:Fair value]]
[[Definition:Pricing model]]
[[Definition:Generalised linear model (GLM)]]
[[Definition:Predictive model]]
[[Definition:Predictive analytics]]
[[Definition:Machine learning model (underwriting)]]
[[Definition:Algorithmic underwriting]]
[[Definition:Automated underwriting]]
[[Definition:Straight-through processing (STP)]]
[[Definition:Automated decision]]
[[Definition:Referral rule]]
[[Definition:Underwriting rule engine]]
[[Definition:Data enrichment]]
[[Definition:Third-party data]]
[[Definition:Telematics]]
[[Definition:Internet of things (IoT) data]]
[[Definition:Pre-bind risk assessment]]
[[Definition:Post-bind review]]
[[Definition:Mid-term adjustment (MTA)]]
[[Definition:Policy amendment]]
[[Definition:Premium adjustment]]
[[Definition:Premium audit]]
[[Definition:Declared value]]
[[Definition:Adjustable policy]]
[[Definition:Reporting form policy]]
[[Definition:Manuscript policy]]
[[Definition:Standard form policy]]
[[Definition:Package policy]]
[[Definition:Monoline policy]]
[[Definition:Multiline policy]]
[[Definition:Wrap-up policy]]
[[Definition:Master policy]]
[[Definition:Difference in conditions (DIC)]]
[[Definition:Difference in limits (DIL)]]
[[Definition:Follow form]]
[[Definition:Non-admitted coverage]]
[[Definition:Admitted coverage]]
[[Definition:Surplus lines]]
[[Definition:Freedom of services]]
[[Definition:Passporting]]
[[Definition:Licensed insurer]]
[[Definition:Authorised insurer]]
[[Definition:Regulation]]
[[Definition:Insurance regulation]]
[[Definition:Prudential regulation]]
[[Definition:Conduct regulation]]
[[Definition:Insurance supervisory authority]]
[[Definition:Solvency II]]
[[Definition:International financial reporting standard 17 (IFRS 17)]]
[[Definition:International Association of Insurance Supervisors (IAIS)]]
[[Definition:Insurance core principle (ICP)]]
[[Definition:Hard market]]
[[Definition:Soft market]]
[[Definition:Market cycle]]
[[Definition:Capacity]]
[[Definition:Market capacity]]
[[Definition:Capacity constraint]]
[[Definition:Capacity deployment]]
[[Definition:Risk-adjusted return on capital (RAROC)]]
[[Definition:Return on equity (ROE)]]
[[Definition:Return on capital]]
[[Definition:Cost of capital]]
[[Definition:Capital allocation]]
[[Definition:Portfolio optimisation]]
[[Definition:Portfolio management]]
[[Definition:Portfolio mix]]
[[Definition:Portfolio steering]]
[[Definition:Growth strategy]]
[[Definition:Remediation]]
[[Definition:Book remediation]]
[[Definition:Rate monitoring]]
[[Definition:Rate index]]
[[Definition:Benchmarking]]
[[Definition:Peer analysis]]
[[Definition:Market share]]
[[Definition:Competitive intelligence]]
[[Definition:Terms and conditions]]
[[Definition:Coverage terms]]
[[Definition:Policy terms]]
[[Definition:Broad form]]
[[Definition:Narrow form]]
[[Definition:Restrictive terms]]
[[Definition:Tightening of terms]]
[[Definition:Liberalisation of terms]]
[[Definition:Warranty (policy warranty)]]
[[Definition:Condition (policy condition)]]
[[Definition:Obligation]]
[[Definition:Duty of care]]
[[Definition:Duty to defend]]
[[Definition:Duty to indemnify]]
[[Definition:Notification requirement]]
[[Definition:Claims notification clause]]
[[Definition:Claims cooperation clause]]
[[Definition:Subrogation clause]]
[[Definition:Other insurance clause]]
[[Definition:Non-vitiation clause]]
[[Definition:Severability clause]]
[[Definition:Cross-liability clause]]
[[Definition:Joint insured clause]]
[[Definition:Waiver of subrogation]]
[[Definition:Hold harmless clause]]
[[Definition:Contractual liability]]
[[Definition:Assumed liability]]
[[Definition:Additional insured endorsement]]
[[Definition:Primary and non-contributory endorsement]]
[[Definition:Loss payee clause]]
[[Definition:Broker of record]]
[[Definition:Broker of record letter]]
[[Definition:Policyholder duty]]
[[Definition:Good faith]]
[[Definition:Misrepresentation]]
[[Definition:Fraud]]
[[Definition:Insurance fraud]]
[[Definition:Material change in risk]]
[[Definition:Change of circumstance]]
[[Definition:Notification of change]]
[[Definition:Risk survey report]]
[[Definition:Engineering survey]]
[[Definition:Loss control survey]]
[[Definition:Loss prevention]]
[[Definition:Loss control]]
[[Definition:Loss mitigation]]
[[Definition:Risk management]]
[[Definition:Enterprise risk management (ERM)]]
[[Definition:Risk register]]
[[Definition:Risk matrix]]
[[Definition:Risk heat mapmitigation]]
[[Definition:KeyRisk risk indicator (KRI)modelling]]
[[Definition:Risk-adjusted pricingmonitoring]]
[[Definition:OccupancyRisk classpool]]
[[Definition:ConstructionRisk classpremium]]
[[Definition:ProtectionRisk classprofile]]
[[Definition:HazardRisk gradequantification]]
[[Definition:IndustryRisk classificationregister]]
[[Definition:StandardRisk Industrial Classification (SIC)reporting]]
[[Definition:NorthRisk American Industry Classification System (NAICS)retention]]
[[Definition:StatisticalRisk codescoring]]
[[Definition:ClassRisk codeselection]]
[[Definition:PerilRisk codetaxonomy]]
[[Definition:CauseRisk of loss codetolerance]]
[[Definition:GeocodingRisk transfer]]
[[Definition:GeospatialScenario risk assessmentanalysis]]
[[Definition:FloodSelf-insured zoneretention (SIR)]]
[[Definition:WindstormSolvency zonecapital requirement (SCR)]]
[[Definition:EarthquakeSolvency zonemargin]]
[[Definition:NaturalSpread hazardof zonerisk]]
[[Definition:ExposureStochastic databasemodelling]]
[[Definition:ScheduleStop-loss of values (SOV)reinsurance]]
[[Definition:TotalStrategic insured value (TIV)risk]]
[[Definition:DeclaredStress valuestesting]]
[[Definition:Statement of valuesSubjectivity]]
[[Definition:Business descriptionSubrogation]]
[[Definition:RiskSurplus narrativetreaty]]
[[Definition:RiskSystemic summaryrisk]]
[[Definition:UnderwritingTail information sheetrisk]]
[[Definition:LossTechnical runpricing]]
[[Definition:LossTechnical history reportreserve]]
[[Definition:ClaimsTreaty historyreinsurance]]
[[Definition:PriorUnallocated insuranceloss adjustment expense (ULAE)]]
[[Definition:No claims bonus (NCB)Underinsurance]]
[[Definition:NoUnderwriting claims discount (NCD)capacity]]
[[Definition:Claims-freeUnderwriting discountcycle]]
[[Definition:ExperienceUnderwriting modificationdiscipline]]
[[Definition:ExperienceUnderwriting modifierguideline]]
[[Definition:MeritUnderwriting rating planlimit]]
[[Definition:Bonus-malusUnderwriting systemprofit]]
[[Definition:DeductibleUnderwriting buy-backrisk]]
[[Definition:DeductibleUnderwriting erosionyear]]
[[Definition:AggregateUnexpired stoprisk lossreserve]]
[[Definition:BasketValue retentionat risk (VaR)]]
[[Definition:Combined deductibleVolatility]]
[[Definition:NetWorking retention analysislayer]]
[[Definition:Ceded premium]]
[[Definition:Assumed premium]]
[[Definition:Retroceded premium]]
[[Definition:Gross premium]]
[[Definition:Net premium]]
[[Definition:Premium allocation]]
[[Definition:Premium split]]
[[Definition:Premium allocation approach]]
[[Definition:Risk premium method]]
[[Definition:Expected premium]]
[[Definition:Subject premium]]
[[Definition:Subject premium income (SPI)]]
[[Definition:Estimated premium income (EPI)]]
[[Definition:Gross net premium income (GNPI)]]
[[Definition:Rate on line (ROL)]]
[[Definition:Payback period]]
[[Definition:Multiple of rate on line]]
[[Definition:Insurance-to-value (ITV)]]
[[Definition:Coinsurance penalty]]
[[Definition:Margin clause]]
[[Definition:Inflationary guard]]
[[Definition:Escalation clause]]
[[Definition:Indexation]]
[[Definition:Policy count]]
[[Definition:Risk count]]
[[Definition:Unit count]]
[[Definition:Exposure unit]]
[[Definition:Exposure base]]
[[Definition:Premium per unit of exposure]]
[[Definition:Loss cost per unit of exposure]]
[[Definition:Man-year]]
[[Definition:Vehicle-year]]
[[Definition:Payroll exposure]]
[[Definition:Revenue exposure]]
[[Definition:Turnover exposure]]
[[Definition:Asset exposure]]
[[Definition:Square footage exposure]]
[[Definition:Headcount exposure]]
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