Definition:Broken links: Difference between revisions

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[[Definition:GrossArtificial written premiumintelligence (GWPAI)]]
[[Definition:NetMachine written premiumlearning (NWPML)]]
[[Definition:GrossDeep earned premium (GEP)learning]]
[[Definition:NetNatural earnedlanguage premiumprocessing (NEPNLP)]]
[[Definition:UnearnedComputer premium reserve (UPR)vision]]
[[Definition:DeferredPredictive acquisition cost (DAC)analytics]]
[[Definition:LossPredictive ratio (L/R)modelling]]
[[Definition:ExpenseAlgorithmic ratiounderwriting]]
[[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]]
 
 
 
[[Definition:Request for proposal (RFP)]]
[[Definition:Request for information (RFI)]]
[[Definition:Request for quotation (RFQ)]]
[[Definition:Vendor management]]
[[Definition:Third-party risk management (TPRM)]]
[[Definition:Service level agreement (SLA)]]
[[Definition:Key performance indicator (KPI)]]
[[Definition:Due diligence]]
[[Definition:Outsourcing]]
[[Definition:Insourcing]]
[[Definition:Preferred supplier]]
[[Definition:Supplier evaluation]]
[[Definition:Total cost of ownership (TCO)]]
[[Definition:Procurement lifecycle]]
[[Definition:Contract management]]
[[Definition:Master service agreement (MSA)]]
[[Definition:Statement of work (SOW)]]
[[Definition:Spend analysis]]
[[Definition:Category management]]
[[Definition:Strategic sourcing]]
[[Definition:Competitive tendering]]
[[Definition:Vendor lock-in]]
[[Definition:Subcontracting]]
[[Definition:Non-disclosure agreement (NDA)]]
[[Definition:Purchase order (PO)]]
[[Definition:Procure-to-pay (P2P)]]
[[Definition:Supplier onboarding]]
[[Definition:Benchmarking]]
[[Definition:Tail spend]]
[[Definition:Business continuity planning (BCP)]]
[[Definition:Sole sourcing]]
[[Definition:Single sourcing]]
[[Definition:Multi-sourcing]]
[[Definition:Nearshoring]]
[[Definition:Offshoring]]
[[Definition:Onshoring]]
[[Definition:Managed service provider (MSP)]]
[[Definition:Business process outsourcing (BPO)]]
[[Definition:Information technology outsourcing (ITO)]]
[[Definition:Vendor consolidation]]
[[Definition:Supplier diversity]]
[[Definition:Framework agreement]]
[[Definition:Blanket purchase agreement (BPA)]]
[[Definition:Rate card]]
[[Definition:Cost-benefit analysis (CBA)]]
[[Definition:Return on investment (ROI)]]
[[Definition:Value for money (VFM)]]
[[Definition:Negotiation strategy]]
[[Definition:Best and final offer (BAFO)]]
[[Definition:Invitation to tender (ITT)]]
[[Definition:Evaluation criteria]]
[[Definition:Weighted scoring model]]
[[Definition:Proof of concept (POC)]]
[[Definition:Pilot programme]]
[[Definition:Vendor risk assessment]]
[[Definition:Supplier scorecard]]
[[Definition:Contract renewal]]
[[Definition:Auto-renewal clause]]
[[Definition:Termination for convenience]]
[[Definition:Exit strategy]]
[[Definition:Transition plan]]
[[Definition:Change control]]
[[Definition:Scope creep]]
[[Definition:Escalation procedure]]
[[Definition:Governance framework]]
[[Definition:Steering committee]]
[[Definition:Stakeholder management]]
[[Definition:Demand management]]
[[Definition:Specification]]
[[Definition:Compliance requirement]]
[[Definition:Regulatory outsourcing obligation]]
[[Definition:Material outsourcing]]
[[Definition:Critical service provider]]
[[Definition:Concentration risk]]
[[Definition: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)]]
[[Definition:Combined ratio (CR)]]
[[Definition:OperatingUnderlying ratioearnings]]
[[Definition:ClaimsUnderlying incurredearnings per share (UEPS)]]
[[Definition:IncurredUnderlying butreturn noton reported reserveequity (IBNRURoE)]]
[[Definition:OutstandingNet claims reserve (OCR)income]]
[[Definition:CaseSolvency reserveII ratio]]
[[Definition:Run-offEligible own funds (EOF)]]
[[Definition:Prior-year reserve development]]
[[Definition:Favourable reserve development]]
[[Definition:Adverse reserve development]]
[[Definition:Loss adjustment expense (LAE)]]
[[Definition:Allocated loss adjustment expense (ALAE)]]
[[Definition:Unallocated loss adjustment expense (ULAE)]]
[[Definition:Underwriting result]]
[[Definition:Underwriting profit]]
[[Definition:Investment income]]
[[Definition:Net investment income]]
[[Definition:Realised gain and loss]]
[[Definition:Unrealised gain and loss]]
[[Definition:Fair value measurement]]
[[Definition:Amortised cost]]
[[Definition:Impairment]]
[[Definition:Technical account]]
[[Definition:Non-technical account]]
[[Definition:Technical provision]]
[[Definition:Best estimate liability (BEL)]]
[[Definition:Risk margin]]
[[Definition:Risk adjustment]]
[[Definition:Contractual service margin (CSM)]]
[[Definition:InsuranceNew contractbusiness revenuevalue (NBV)]]
[[Definition:InsuranceNew servicebusiness expensevalue margin]]
[[Definition:InsurancePresent financevalue incomeof andexpected expensepremiums (PVEP)]]
[[Definition:InternationalNew Financialbusiness Reportingcontractual Standardservice 17margin (IFRSNB 17CSM)]]
[[Definition:InternationalCSM Financial Reporting Standard 9 (IFRS 9)release]]
[[Definition:GeneralTechnical measurement model (GMM)margin]]
[[Definition:PremiumTechnical allocation approach (PAA)experience]]
[[Definition:VariableNet fee approach (VFA)flows]]
[[Definition:Onerous contractUnit-linked]]
[[Definition:LossGeneral componentaccount (GA)]]
[[Definition:CoverageProperty unitand casualty insurance (P&C)]]
[[Definition:DiscountingLife ofand reserveshealth insurance (L&H)]]
[[Definition:YieldCommercial curvelines]]
[[Definition:SolvencyPersonal IIlines]]
[[Definition:Solvency capital requirement (SCR)Reinsurance]]
[[Definition:MinimumManaging capitalgeneral requirementagent (MCRMGA)]]
[[Definition:OwnNatural fundscatastrophe charges (Nat Cat)]]
[[Definition:EligiblePrior ownyears' fundsreserve development]]
[[Definition:TierClaims 1 capitalreserve]]
[[Definition:Unwind of discount]]
[[Definition:Loss ratio]]
[[Definition:Expense ratio]]
[[Definition:Current year loss]]
[[Definition:Short-tail lines]]
[[Definition:Long-tail lines]]
[[Definition:Casualty insurance]]
[[Definition:Financial lines]]
[[Definition:Protection]]
[[Definition:Savings insurance]]
[[Definition:Endowment product]]
[[Definition:Single premium]]
[[Definition:Whole-life product]]
[[Definition:Bancassurance]]
[[Definition:Direct insurance]]
[[Definition:Motor insurance]]
[[Definition:Fire insurance]]
[[Definition:Workers' compensation]]
[[Definition:Group life insurance]]
[[Definition:Health insurance]]
[[Definition:Complementary health insurance]]
[[Definition:Retail motor]]
[[Definition:Social inflation]]
[[Definition:Market softening]]
[[Definition:Pricing cycle]]
[[Definition:Capital-light product]]
[[Definition:Surrender]]
[[Definition:Persistency]]
[[Definition:Underwriting]]
[[Definition:Pruning]]
[[Definition:Earn-through]]
[[Definition:Debt gearing]]
[[Definition:Restricted Tier 1 capital (RT1)]]
[[Definition:Tier 2 capital]]
[[Definition:Risk-basedLoss capitalabsorption (RBC)mechanism]]
[[Definition:Statutory accountingWrite-down]]
[[Definition:GenerallyCredit accepted accounting principles (GAAP)spread]]
[[Definition:EmbeddedInvestment value (EV)grade]]
[[Definition:EuropeanHigh embedded value (EEV)yield]]
[[Definition:MarketCorporate consistent embedded value (MCEV)spread]]
[[Definition:ValueSolvency ofcapital in-force businessrequirement (VIFSCR)]]
[[Definition:AdjustedOrganic netcash asset valueupstream]]
[[Definition:ReturnDividend onpayout equity (ROE)ratio]]
[[Definition:ReturnTotal onpayout capital employed (ROCE)ratio]]
[[Definition:EarningsShare per share (EPS)buy-back]]
[[Definition:BookNormalized valueown perfunds sharegeneration]]
[[Definition:TangibleOperating net asset valuereturn]]
[[Definition:GoodwillForeseeable dividend]]
[[Definition:IntangibleComparable assetbasis]]
[[Definition:ReinsuranceConstant recoverableexchange rate basis]]
[[Definition:ReinsuranceScope payableeffect]]
[[Definition:Ceded premium]]
[[Definition:Reinsurer share of technical provision]]
[[Definition:Salvage and subrogation]]
[[Definition:Premium deficiency reserve]]
[[Definition:Catastrophe reserve]]
[[Definition:Equalisation reserve]]
[[Definition:Policyholder surplus]]
[[Definition:Shareholders' equity]]
[[Definition:Retained earnings]]
[[Definition:Solvency ratio]]
[[Definition:Capital adequacy]]
[[Definition:Leverage ratio]]
[[Definition:Reserving triangle]]
[[Definition:Chain-ladder method]]
[[Definition:Bornhuetter–Ferguson method]]
[[Definition:Actuarial valuation]]
[[Definition:Discount rate]]
[[Definition:Present value of future profit (PVFP)]]
[[Definition:Profit and loss account (P&L)]]
[[Definition:Balance sheet]]
[[Definition:Cash flow statement]]
[[Definition:Statement of comprehensive income]]
[[Definition:Segment reporting]]
[[Definition:Related-party disclosure]]
[[Definition:Audit opinion]]
[[Definition:Material misstatement]]
[[Definition:Deferred tax asset]]
[[Definition:Deferred tax liability]]
[[Definition:Foreign currency translation]]
[[Definition:Consolidation]]
[[Definition:Intercompany elimination]]