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[[Definition:TalentArtificial acquisitionintelligence (AI)]]
[[Definition:RecruitmentMachine pipelinelearning (ML)]]
[[Definition:EmployerDeep brandinglearning]]
[[Definition:EmployeeNatural valuelanguage propositionprocessing (EVPNLP)]]
[[Definition:OnboardingComputer vision]]
[[Definition:OffboardingPredictive analytics]]
[[Definition:ProbationaryPredictive periodmodelling]]
[[Definition:EmploymentAlgorithmic contractunderwriting]]
[[Definition:Fixed-termAutomated contractclaims processing]]
[[Definition:PermanentFraud employmentdetection]]
[[Definition:Part-timeOptical employmentcharacter recognition (OCR)]]
[[Definition:SecondmentRobotic process automation (RPA)]]
[[Definition:Independent contractorChatbot]]
[[Definition:ContingentLarge workforcelanguage model (LLM)]]
[[Definition:WorkforceGenerative planningartificial intelligence (GenAI)]]
[[Definition:HeadcountNeural network]]
[[Definition:Full-timeSupervised equivalent (FTE)learning]]
[[Definition:SpanUnsupervised of controllearning]]
[[Definition:OrganisationalTraining designdata]]
[[Definition:OrganisationalAlgorithmic chartbias]]
[[Definition:Job descriptionExplainability]]
[[Definition:JobBlack gradingbox model]]
[[Definition:CompetencyModel frameworkvalidation]]
[[Definition:Skills gap analysisTelematics]]
[[Definition:SuccessionSentiment planninganalysis]]
[[Definition:TalentDecision managementtree]]
[[Definition:High-potentialData employee (HiPo)mining]]
[[Definition:CareerStraight-through pathprocessing (STP)]]
[[Definition:InternalIntelligent mobilitydocument processing (IDP)]]
[[Definition:LateralDigital movetwin]]
[[Definition:Promotion]]
[[Definition:Performance management]]
[[Definition:Key performance indicator (KPI)]]
[[Definition:Objective and key result (OKR)]]
[[Definition:Performance appraisal]]
[[Definition:360-degree feedback]]
[[Definition:Continuous feedback]]
[[Definition:Performance improvement plan (PIP)]]
[[Definition:Learning and development (L&D)]]
[[Definition:Continuing professional development (CPD)]]
[[Definition:Technical underwriting training]]
[[Definition:Claims handler certification]]
[[Definition:Actuarial qualification pathway]]
[[Definition:Chartered Insurance Institute (CII)]]
[[Definition:Associate in Risk Management (ARM)]]
[[Definition:Certified Insurance Professional]]
[[Definition:Mentoring programme]]
[[Definition:Coaching]]
[[Definition:Leadership development programme]]
[[Definition:Graduate programme]]
[[Definition:Internship]]
[[Definition:Total compensation]]
[[Definition:Base salary]]
[[Definition:Variable pay]]
[[Definition:Annual bonus]]
[[Definition:Long-term incentive plan (LTIP)]]
[[Definition:Deferred compensation]]
[[Definition:Commission structure]]
[[Definition:Profit-sharing plan]]
[[Definition:Salary benchmarking]]
[[Definition:Pay equity]]
[[Definition:Gender pay gap reporting]]
[[Definition:Employee benefit]]
[[Definition:Group life insurance]]
[[Definition:Group health insurance]]
[[Definition:Income protection insurance]]
[[Definition:Pension scheme (retirement plan)]]
[[Definition:Defined benefit pension]]
[[Definition:Defined contribution pension]]
[[Definition:Employee assistance programme (EAP)]]
[[Definition:Flexible benefit plan]]
[[Definition:Employee engagement]]
[[Definition:Employee retention]]
[[Definition:Attrition rate]]
[[Definition:Voluntary turnover]]
[[Definition:Involuntary turnover]]
[[Definition:Exit interview]]
[[Definition:Employee satisfaction survey]]
[[Definition:Pulse survey]]
[[Definition:Absenteeism]]
[[Definition:Presenteeism]]
[[Definition:Wellbeing programme]]
[[Definition:Diversity, equity, and inclusion (DEI)]]
[[Definition:Equal opportunity employment]]
[[Definition:Unconscious bias training]]
[[Definition:Reasonable accommodation]]
[[Definition:Whistleblowing policy]]
[[Definition:Code of conduct]]
[[Definition:Disciplinary procedure]]
[[Definition:Grievance procedure]]
[[Definition:Fit and proper assessment]]
[[Definition:Background check]]
[[Definition:Regulatory reference]]
[[Definition:Human resource information system (HRIS)]]
[[Definition:Payroll administration]]
[[Definition:Time and attendance management]]
[[Definition:Remote work policy]]
[[Definition:Hybrid work model]]
[[Definition:Flexible working arrangement]]
[[Definition:Redundancy (layoff)]]
[[Definition:Severance package]]
[[Definition:Outplacement]]
[[Definition:Collective bargaining]]
[[Definition:Works council]]
[[Definition:Employee representative]]
[[Definition:Transfer of undertaking (TUPE)]]
[[Definition:Change management]]
[[Definition:Post-merger integration]]
[[Definition:Corporate governance]]
[[Definition:Board of directors]]
[[Definition:Non-executive director (NED)]]
[[Definition:Independent non-executive director (INED)]]
[[Definition:Executive director]]
[[Definition:Chairperson]]
[[Definition:Chief executive officer (CEO)]]
[[Definition:Chief financial officer (CFO)]]
[[Definition:Chief risk officer (CRO)]]
[[Definition:Chief underwriting officer (CUO)]]
[[Definition:Chief operating officer (COO)]]
[[Definition:Chief compliance officer (CCO)]]
[[Definition:Chief actuary]]
[[Definition:Company secretary]]
[[Definition:Board committee]]
[[Definition:Audit committee]]
[[Definition:Risk committee]]
[[Definition:Remuneration committee]]
[[Definition:Nomination committee]]
[[Definition:Investment committee]]
[[Definition:Underwriting committee]]
[[Definition:Claims committee]]
[[Definition:Reserving committee]]
[[Definition:Board charter]]
[[Definition:Terms of reference]]
[[Definition:Delegation of authority (DoA)]]
[[Definition:Authority matrix]]
[[Definition:Fit and proper requirement]]
[[Definition:Senior insurance manager regime (SIMR)]]
[[Definition:Senior managers and certification regime (SM&CR)]]
[[Definition:Approved person]]
[[Definition:Key function holder]]
[[Definition:Responsible person]]
[[Definition:Three lines of defence model]]
[[Definition:First line of defence]]
[[Definition:Second line of defence]]
[[Definition:Third line of defence]]
[[Definition:Internal audit function]]
[[Definition:Compliance function]]
[[Definition:Risk management function]]
[[Definition:Actuarial function]]
[[Definition:Own risk and solvency assessment (ORSA)]]
[[Definition:Solvency and financial condition report (SFCR)]]
[[Definition:Regular supervisory report (RSR)]]
[[Definition:Governance system]]
[[Definition:Risk appetite statement]]
[[Definition:Risk tolerance]]
[[Definition:Risk appetite framework]]
[[Definition:Risk register]]
[[Definition:Risk owner]]
[[Definition:Emerging risk]]
[[Definition:Key risk indicator (KRI)]]
[[Definition:Control environment]]
[[Definition:Internal control framework]]
[[Definition:Segregation of duties]]
[[Definition:Policy framework]]
[[Definition:Underwriting policy]]
[[Definition:Claims management policy]]
[[Definition:Reinsurance policy]]
[[Definition:Investment policy]]
[[Definition:Outsourcing policy]]
[[Definition:Remuneration policy]]
[[Definition:Conflicts of interest policy]]
[[Definition:Related-party transaction policy]]
[[Definition:Anti-money laundering policy (AML)]]
[[Definition:Know your customer (KYC)]]
[[Definition:Sanctions screening]]
[[Definition:Counter-terrorism financing (CTF)]]
[[Definition:Anti-bribery and corruption policy (ABC)]]
[[Definition:Whistleblowing policy]]
[[Definition:Code of conduct]]
[[Definition:Ethics policy]]
[[Definition:Data protection policy]]
[[Definition:Information security policy]]
[[Definition:Business continuity policy]]
[[Definition:Incident management policy]]
[[Definition:Regulatory reporting]]
[[Definition:Prudential regulation]]
[[Definition:Conduct regulation]]
[[Definition:Insurance core principle (ICP)]]
[[Definition:Proportionality principle]]
[[Definition:Prudent person principle]]
[[Definition:Group supervision]]
[[Definition:Solo supervision]]
[[Definition:Lead supervisor]]
[[Definition:College of supervisors]]
[[Definition:Regulatory capital requirement]]
[[Definition:Material outsourcing arrangement]]
[[Definition:Critical or important function]]
[[Definition:Outsourcing oversight]]
[[Definition:Third-party governance]]
[[Definition:Board effectiveness review]]
[[Definition:Governance map]]
[[Definition:Management information (MI)]]
[[Definition:Board reporting pack]]
[[Definition:Attestation]]
[[Definition:Fiduciary duty]]
[[Definition:Duty of care]]
[[Definition:Duty of loyalty]]
[[Definition:Policyholder protection]]
[[Definition:Treating customers fairly (TCF)]]
[[Definition:Product oversight and governance (POG)]]
[[Definition:Target market assessment]]
[[Definition:Conduct risk]]
[[Definition:Culture and conduct framework]]
[[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:Underlying earnings]]
[[Definition:InsuranceUnderlying groupearnings per share (UEPS)]]
[[Definition:ParentUnderlying companyreturn on equity (URoE)]]
[[Definition:HoldingNet companyincome]]
[[Definition:IntermediateSolvency holdingII companyratio]]
[[Definition:SubsidiaryEligible own funds (EOF)]]
[[Definition:WhollyContractual ownedservice subsidiarymargin (CSM)]]
[[Definition:AffiliateNew business value (NBV)]]
[[Definition:AssociatedNew companybusiness value margin]]
[[Definition:JointPresent venturevalue of expected premiums (PVEP)]]
[[Definition:SpecialNew purposebusiness vehiclecontractual service margin (SPVNB CSM)]]
[[Definition:SpecialCSM purpose insurer (SPI)release]]
[[Definition:Insurance-linkedTechnical securities vehicle (ILS vehicle)margin]]
[[Definition:ProtectedTechnical cell company (PCC)experience]]
[[Definition:IncorporatedNet cell company (ICC)flows]]
[[Definition:Segregated account companyUnit-linked]]
[[Definition:MutualGeneral insuranceaccount company(GA)]]
[[Definition:StockProperty and casualty insurance company(P&C)]]
[[Definition:ProprietaryLife companyand health insurance (L&H)]]
[[Definition:DemutualisationCommercial lines]]
[[Definition:MutualisationPersonal lines]]
[[Definition:Cooperative insurerReinsurance]]
[[Definition:Reciprocal exchange]]
[[Definition:Lloyd's of London]]
[[Definition:Lloyd's syndicate]]
[[Definition:Lloyd's managing agent]]
[[Definition:Lloyd's member]]
[[Definition:Corporate member]]
[[Definition:Name (Lloyd's)]]
[[Definition:Captive insurance company]]
[[Definition:Single-parent captive]]
[[Definition:Group captive]]
[[Definition:Rent-a-captive]]
[[Definition:Risk retention group (RRG)]]
[[Definition:Reinsurance company]]
[[Definition:Composite insurer]]
[[Definition:Mono-line insurer]]
[[Definition:Life insurance company]]
[[Definition:Non-life insurance company (general insurer)]]
[[Definition:Health insurance company]]
[[Definition:Takaful operator]]
[[Definition:Bancassurance entity]]
[[Definition:Insurance intermediary]]
[[Definition:Insurance broker]]
[[Definition:Managing general agent (MGA)]]
[[Definition:ManagingNatural generalcatastrophe underwritercharges (MGUNat Cat)]]
[[Definition:DelegatedPrior underwritingyears' authorityreserve (DUA)development]]
[[Definition:CoverholderClaims reserve]]
[[Definition:Third-partyUnwind administratorof (TPA)discount]]
[[Definition:ClaimsLoss management companyratio]]
[[Definition:LossExpense adjusting firmratio]]
[[Definition:ActuarialCurrent consultancyyear loss]]
[[Definition:RunShort-offtail companylines]]
[[Definition:LegacyLong-tail vehiclelines]]
[[Definition:FrontingCasualty companyinsurance]]
[[Definition:AdmittedFinancial insurerlines]]
[[Definition:Non-admitted insurer (surplus lines insurer)Protection]]
[[Definition:ExcessSavings lines insurerinsurance]]
[[Definition:AuthorisedEndowment insurerproduct]]
[[Definition:RegulatedSingle entitypremium]]
[[Definition:LicensedWhole-life entityproduct]]
[[Definition:Branch officeBancassurance]]
[[Definition:RepresentativeDirect officeinsurance]]
[[Definition:FreedomMotor of services (FOS)insurance]]
[[Definition:FreedomFire of establishment (FOE)insurance]]
[[Definition:PassportingWorkers' compensation]]
[[Definition:DomicileGroup life insurance]]
[[Definition:JurisdictionHealth of incorporationinsurance]]
[[Definition:OnshoreComplementary entityhealth insurance]]
[[Definition:OffshoreRetail entitymotor]]
[[Definition:RedomiciliationSocial inflation]]
[[Definition:CorporateMarket reorganisationsoftening]]
[[Definition:PartPricing VII transfercycle]]
[[Definition:PortfolioCapital-light transferproduct]]
[[Definition:Loss portfolio transfer (LPT)Surrender]]
[[Definition:Scheme of arrangementPersistency]]
[[Definition:MergerUnderwriting]]
[[Definition:AcquisitionPruning]]
[[Definition:DemergerEarn-through]]
[[Definition:Spin-offDebt gearing]]
[[Definition:Carve-outRestricted Tier 1 capital (RT1)]]
[[Definition:ManagementTier buyout2 (MBO)capital]]
[[Definition:InitialLoss publicabsorption offering (IPO)mechanism]]
[[Definition:Private equityWrite-backed insurerdown]]
[[Definition:Shareholders'Credit agreementspread]]
[[Definition:ArticlesInvestment of association (bylaws)grade]]
[[Definition:MemorandumHigh of associationyield]]
[[Definition:CertificateCorporate of incorporationspread]]
[[Definition:RegisteredSolvency officecapital requirement (SCR)]]
[[Definition:LegalOrganic entitycash identifier (LEI)upstream]]
[[Definition:GroupDividend structurepayout chartratio]]
[[Definition:UltimateTotal beneficialpayout owner (UBO)ratio]]
[[Definition:ControllingShare shareholderbuy-back]]
[[Definition:MinorityNormalized shareholderown funds generation]]
[[Definition:QualifiedOperating holdingreturn]]
[[Definition:ChangeForeseeable of controldividend]]
[[Definition:RegulatoryComparable approval for acquisitionbasis]]
[[Definition:IntragroupConstant transactionexchange rate basis]]
[[Definition:IntragroupScope reinsuranceeffect]]
[[Definition:TransferIntercompany pricing arrangementelimination]]
[[Definition:Service level agreement (SLA)]]
[[Definition:Shared services centre]]
[[Definition:Centre of excellence (CoE)]]
[[Definition:Outsourcing arrangement]]
[[Definition:Group solvency]]
[[Definition:Solo entity solvency]]
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