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[[Definition: |
[[Definition:Acquisition cost]] |
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[[Definition: |
[[Definition:Acquisition ratio]] |
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[[Definition: |
[[Definition:Advertising-to-premium ratio]] |
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[[Definition: |
[[Definition:Affinity marketing]] |
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[[Definition: |
[[Definition:Agency agreement]] |
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[[Definition: |
[[Definition:Agency management system (AMS)]] |
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[[Definition: |
[[Definition:Agency plant]] |
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[[Definition: |
[[Definition:Agent appointment]] |
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[[Definition: |
[[Definition:Agent of record (AOR)]] |
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[[Definition: |
[[Definition:Aggregator]] |
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[[Definition: |
[[Definition:Alternate distribution channel]] |
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[[Definition: |
[[Definition:Appointed representative (AR)]] |
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[[Definition: |
[[Definition:Bancassurance]] |
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[[Definition: |
[[Definition:Bind authority]] |
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[[Definition: |
[[Definition:Binding authority agreement (BAA)]] |
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[[Definition: |
[[Definition:Book of business]] |
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[[Definition: |
[[Definition:Book roll]] |
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[[Definition: |
[[Definition:Brand awareness]] |
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[[Definition: |
[[Definition:Broker channel]] |
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[[Definition: |
[[Definition:Broker of record (BOR)]] |
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[[Definition: |
[[Definition:Broker of record letter (BOR letter)]] |
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[[Definition: |
[[Definition:Brokerage commission]] |
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[[Definition: |
[[Definition:Brokerage market]] |
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[[Definition: |
[[Definition:Campaign conversion rate]] |
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[[Definition: |
[[Definition:Captive agent]] |
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[[Definition: |
[[Definition:Channel conflict]] |
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[[Definition: |
[[Definition:Channel distribution strategy]] |
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[[Definition: |
[[Definition:Channel mix]] |
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[[Definition: |
[[Definition:Client retention rate]] |
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[[Definition: |
[[Definition:Co-branding]] |
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[[Definition: |
[[Definition:Cold calling]] |
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[[Definition: |
[[Definition:Commission]] |
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[[Definition: |
[[Definition:Commission disclosure]] |
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[[Definition: |
[[Definition:Commission override]] |
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[[Definition: |
[[Definition:Commission schedule]] |
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[[Definition: |
[[Definition:Comparison website]] |
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[[Definition: |
[[Definition:Competitor analysis]] |
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[[Definition: |
[[Definition:Contingent commission]] |
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[[Definition: |
[[Definition:Conversion rate]] |
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[[Definition: |
[[Definition:Coverholder]] |
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[[Definition: |
[[Definition:Cross-selling]] |
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[[Definition: |
[[Definition:Customer acquisition cost (CAC)]] |
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[[Definition: |
[[Definition:Customer engagement]] |
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[[Definition: |
[[Definition:Customer journey mapping]] |
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[[Definition: |
[[Definition:Customer lifetime value (CLV)]] |
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[[Definition: |
[[Definition:Customer persona]] |
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[[Definition: |
[[Definition:Customer relationship management (CRM)]] |
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[[Definition: |
[[Definition:Customer segmentation]] |
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[[Definition: |
[[Definition:Delegated underwriting authority (DUA)]] |
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[[Definition: |
[[Definition:Demand generation]] |
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[[Definition: |
[[Definition:Digital distribution]] |
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[[Definition: |
[[Definition:Direct marketing]] |
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[[Definition: |
[[Definition:Direct response marketing]] |
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[[Definition: |
[[Definition:Direct writer]] |
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[[Definition: |
[[Definition:Direct-to-consumer (DTC)]] |
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[[Definition: |
[[Definition:Distribution channel]] |
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[[Definition: |
[[Definition:Distribution expense]] |
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[[Definition: |
[[Definition:Distribution management]] |
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[[Definition: |
[[Definition:Distribution network]] |
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[[Definition: |
[[Definition:Drip campaign]] |
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[[Definition: |
[[Definition:Embedded insurance]] |
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[[Definition: |
[[Definition:Exclusive agent]] |
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[[Definition:Risk factor]] |
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[[Definition:Risk indicator]] |
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[[Definition:Risk characteristic]] |
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[[Definition:Risk survey]] |
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[[Definition:Risk inspection]] |
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[[Definition:Risk engineering]] |
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[[Definition:Risk improvement]] |
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[[Definition:Risk improvement recommendation]] |
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[[Definition:Risk mitigation]] |
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[[Definition:Risk transfer]] |
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[[Definition:Risk retention]] |
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[[Definition:Risk aggregation]] |
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[[Definition:Risk accumulation]] |
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[[Definition:Risk concentration]] |
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[[Definition:Risk correlation]] |
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[[Definition:Risk exposure]] |
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[[Definition:Risk mapping]] |
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[[Definition:Hazard identification]] |
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[[Definition:Moral hazard]] |
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[[Definition:Morale hazard]] |
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[[Definition:Physical hazard]] |
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[[Definition:Loss exposure]] |
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[[Definition:Exposure analysis]] |
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[[Definition:Exposure management]] |
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[[Definition:Exposure monitoring]] |
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[[Definition:Aggregate exposure]] |
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[[Definition:Probable maximum loss (PML)]] |
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[[Definition:Maximum possible loss (MPL)]] |
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[[Definition:Estimated maximum loss (EML)]] |
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[[Definition:Normal loss expectancy (NLE)]] |
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[[Definition:Maximum foreseeable loss (MFL)]] |
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[[Definition:Expected loss]] |
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[[Definition:Loss expectancy]] |
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[[Definition:Catastrophe exposure]] |
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[[Definition:Natural catastrophe risk (nat cat)]] |
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[[Definition:Man-made catastrophe risk]] |
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[[Definition:Catastrophe modelling]] |
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[[Definition:Catastrophe model]] |
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[[Definition:Return period]] |
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[[Definition:Probable maximum loss curve]] |
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[[Definition:Exceedance probability curve]] |
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[[Definition:Aggregate exceedance probability (AEP)]] |
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[[Definition:Occurrence exceedance probability (OEP)]] |
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[[Definition:Average annual loss (AAL)]] |
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[[Definition:Tail value at risk (TVaR)]] |
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[[Definition:Value at risk (VaR)]] |
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[[Definition:Stochastic modelling]] |
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[[Definition:Deterministic scenario]] |
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[[Definition:Realistic disaster scenario (RDS)]] |
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[[Definition:Stress test]] |
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[[Definition:Scenario analysis]] |
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[[Definition:Accumulation control]] |
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[[Definition:Clash risk]] |
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[[Definition:Premium]] |
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[[Definition:Gross written premium (GWP)]] |
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[[Definition:Net written premium (NWP)]] |
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[[Definition:Gross earned premium (GEP)]] |
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[[Definition:Net earned premium (NEP)]] |
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[[Definition:Unearned premium]] |
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[[Definition:Unearned premium reserve (UPR)]] |
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[[Definition:Earned premium]] |
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[[Definition:Written premium]] |
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[[Definition:Premium income]] |
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[[Definition:Premium volume]] |
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[[Definition:Premium rate]] |
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[[Definition:Premium rating]] |
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[[Definition:Rate adequacy]] |
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[[Definition:Rate level]] |
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[[Definition:Rate change]] |
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[[Definition:Rate increase]] |
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[[Definition:Rate reduction]] |
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[[Definition:Rate hardening]] |
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[[Definition:Rate softening]] |
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[[Definition:Rating factor]] |
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[[Definition:Rating algorithm]] |
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[[Definition:Rating model]] |
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[[Definition:Rating table]] |
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[[Definition:Rating basis]] |
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[[Definition:Rating class]] |
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[[Definition:Rating plan]] |
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[[Definition:Base rate]] |
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[[Definition:Base premium]] |
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[[Definition:Technical rate]] |
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[[Definition:Technical price]] |
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[[Definition:Technical premium]] |
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[[Definition:Manual rate]] |
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[[Definition:Indicated rate]] |
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[[Definition:Target rate]] |
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[[Definition:Minimum premium]] |
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[[Definition:Deposit premium]] |
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[[Definition:Adjustable premium]] |
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[[Definition:Provisional premium]] |
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[[Definition:Flat premium]] |
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[[Definition:Annual premium]] |
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[[Definition:Additional premium]] |
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[[Definition:Return premium]] |
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[[Definition:Reinstatement premium]] |
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[[Definition:Short-rate premium]] |
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[[Definition:Pro rata premium]] |
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[[Definition:Minimum and deposit premium (M&D)]] |
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[[Definition:Burning cost]] |
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[[Definition:Burning cost ratio]] |
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[[Definition:Experience rating]] |
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[[Definition:Exposure rating]] |
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[[Definition:Schedule rating]] |
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[[Definition:Judgement rating (also judgment rating)]] |
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[[Definition:Community rating]] |
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[[Definition:Merit rating]] |
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[[Definition:Retrospective rating]] |
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[[Definition:Prospective rating]] |
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[[Definition:Composite rating]] |
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[[Definition:Class rating]] |
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[[Definition:Individual risk rating]] |
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[[Definition:Loss rating]] |
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[[Definition:Credibility weighting]] |
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[[Definition:Credibility factor]] |
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[[Definition:Actuarial pricing]] |
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[[Definition:Actuarial analysis]] |
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[[Definition:Loss cost]] |
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[[Definition:Pure premium]] |
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[[Definition:Risk premium]] |
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[[Definition:Loaded premium]] |
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[[Definition:Loading]] |
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[[Definition:Expense loading]] |
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[[Definition:Catastrophe loading]] |
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[[Definition:Profit loading]] |
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[[Definition:Contingency loading]] |
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[[Definition:Loss ratio (L/R)]] |
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[[Definition:Incurred loss ratio]] |
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[[Definition:Ultimate loss ratio]] |
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[[Definition:Attritional loss ratio]] |
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[[Definition:Expected loss ratio (ELR)]] |
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[[Definition:Expense ratio]] |
[[Definition:Expense ratio]] |
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[[Definition: |
[[Definition:Field marketing]] |
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[[Definition: |
[[Definition:Fronting arrangement]] |
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[[Definition: |
[[Definition:General agent (GA)]] |
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[[Definition: |
[[Definition:Go-to-market strategy (GTM)]] |
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[[Definition: |
[[Definition:Gross written premium (GWP)]] |
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[[Definition: |
[[Definition:Group marketing]] |
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[[Definition: |
[[Definition:Inbound marketing]] |
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[[Definition: |
[[Definition:Independent agent]] |
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[[Definition: |
[[Definition:Independent financial adviser (IFA)]] |
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[[Definition: |
[[Definition:Insurtech]] |
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[[Definition: |
[[Definition:Intermediary]] |
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[[Definition: |
[[Definition:Key performance indicator (KPI)]] |
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[[Definition: |
[[Definition:Lead generation]] |
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[[Definition: |
[[Definition:Lead nurturing]] |
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[[Definition: |
[[Definition:Lead scoring]] |
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[[Definition: |
[[Definition:Line slip]] |
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[[Definition:Loss severity]] |
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[[Definition:Loss trend]] |
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[[Definition:Loss volatility]] |
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[[Definition:Loss history]] |
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[[Definition:Loss experience]] |
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[[Definition:Claims experience]] |
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[[Definition:Loss record]] |
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[[Definition:Bordereau]] |
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[[Definition:Premium bordereau]] |
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[[Definition:Claims bordereau]] |
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[[Definition:Policy]] |
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[[Definition:Insurance policy]] |
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[[Definition:Policy form]] |
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[[Definition:Policy wording]] |
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[[Definition:Policy condition]] |
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[[Definition:Policy term]] |
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[[Definition:Policy period]] |
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[[Definition:Policy inception]] |
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[[Definition:Policy expiry]] |
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[[Definition:Policy limit]] |
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[[Definition:Limit of liability]] |
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[[Definition:Limit of indemnity]] |
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[[Definition:Aggregate limit]] |
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[[Definition:Per occurrence limit]] |
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[[Definition:Per claim limit]] |
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[[Definition:Annual aggregate limit]] |
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[[Definition:Sublimit]] |
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[[Definition:Inner limit]] |
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[[Definition:Combined single limit (CSL)]] |
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[[Definition:Split limit]] |
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[[Definition:Blanket limit]] |
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[[Definition:Shared limit]] |
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[[Definition:Excess of loss]] |
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[[Definition:Excess point]] |
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[[Definition:Attachment point]] |
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[[Definition:Self-insured retention (SIR)]] |
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[[Definition:Deductible]] |
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[[Definition:Aggregate deductible]] |
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[[Definition:Per occurrence deductible]] |
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[[Definition:Franchise deductible]] |
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[[Definition:Waiting period (also elimination period)]] |
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[[Definition:Retention]] |
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[[Definition:Net retention]] |
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[[Definition:Co-insurance]] |
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[[Definition:Co-insurance clause]] |
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[[Definition:Average clause]] |
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[[Definition:Condition of average]] |
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[[Definition:Indemnity]] |
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[[Definition:Principle of indemnity]] |
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[[Definition:Sum insured]] |
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[[Definition:Insurable value]] |
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[[Definition:Agreed value]] |
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[[Definition:Replacement value]] |
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[[Definition:Actual cash value]] |
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[[Definition:Market value]] |
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[[Definition:First loss]] |
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[[Definition:Total loss]] |
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[[Definition:Partial loss]] |
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[[Definition:Constructive total loss]] |
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[[Definition:Under-insurance]] |
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[[Definition:Over-insurance]] |
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[[Definition:Insurable interest]] |
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[[Definition:Utmost good faith (uberrima fides)]] |
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[[Definition:Duty of disclosure]] |
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[[Definition:Material fact]] |
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[[Definition:Material misrepresentation]] |
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[[Definition:Non-disclosure]] |
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[[Definition:Warranty]] |
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[[Definition:Condition precedent]] |
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[[Definition:Subrogation]] |
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[[Definition:Contribution]] |
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[[Definition:Proximate cause]] |
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[[Definition:Fortuitous event]] |
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[[Definition:Peril]] |
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[[Definition:Named peril]] |
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[[Definition:All-risk coverage (also all-risks)]] |
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[[Definition:Exclusion]] |
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[[Definition:Exclusion clause]] |
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[[Definition:General exclusion]] |
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[[Definition:Specific exclusion]] |
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[[Definition:Absolute exclusion]] |
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[[Definition:Standard exclusion]] |
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[[Definition:War exclusion]] |
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[[Definition:Terrorism exclusion]] |
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[[Definition:Nuclear exclusion]] |
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[[Definition:Cyber exclusion]] |
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[[Definition:Pollution exclusion]] |
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[[Definition:Communicable disease exclusion]] |
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[[Definition:Pandemic exclusion]] |
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[[Definition:Sanction exclusion]] |
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[[Definition:Sanction limitation and exclusion clause (SLEC)]] |
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[[Definition:Asbestos exclusion]] |
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[[Definition:Wear and tear exclusion]] |
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[[Definition:Gradual deterioration exclusion]] |
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[[Definition:Endorsement (also rider)]] |
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[[Definition:Policy endorsement]] |
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[[Definition:Extension]] |
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[[Definition:Extension of coverage]] |
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[[Definition:Coverage extension]] |
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[[Definition:Broadening endorsement]] |
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[[Definition:Restrictive endorsement]] |
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[[Definition:Manuscript endorsement]] |
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[[Definition:Standard endorsement]] |
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[[Definition:Coverage]] |
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[[Definition:Scope of coverage]] |
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[[Definition:Coverage grant]] |
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[[Definition:Coverage trigger]] |
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[[Definition:Coverage part]] |
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[[Definition:Coverage territory]] |
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[[Definition:Territorial scope]] |
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[[Definition:Worldwide coverage]] |
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[[Definition:Jurisdiction clause]] |
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[[Definition:Choice of law clause]] |
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[[Definition:Arbitration clause]] |
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[[Definition:Service of suit clause]] |
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[[Definition:Claims-made coverage]] |
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[[Definition:Claims-made and reported]] |
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[[Definition:Occurrence-based coverage]] |
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[[Definition:Discovery period]] |
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[[Definition:Extended reporting period (ERP)]] |
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[[Definition:Retroactive date]] |
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[[Definition:Prior acts coverage]] |
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[[Definition:Sunset clause]] |
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[[Definition:Losses occurring basis]] |
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[[Definition:Risks attaching basis]] |
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[[Definition:Claims-made basis]] |
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[[Definition:Inception date]] |
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[[Definition:Expiration date]] |
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[[Definition:Continuous coverage]] |
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[[Definition:Renewal]] |
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[[Definition:Policy renewal]] |
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[[Definition:Renewal terms]] |
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[[Definition:Renewal retention]] |
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[[Definition:Non-renewal]] |
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[[Definition:Cancellation]] |
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[[Definition:Mid-term cancellation]] |
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[[Definition:Flat cancellation]] |
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[[Definition:Short-rate cancellation]] |
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[[Definition:Pro rata cancellation]] |
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[[Definition:Notice of cancellation]] |
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[[Definition:Reinstatement]] |
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[[Definition:New business]] |
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[[Definition:New business submission]] |
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[[Definition:Renewal business]] |
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[[Definition:Quote]] |
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[[Definition:Quotation]] |
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[[Definition:Indication]] |
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[[Definition:Firm order]] |
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[[Definition:Binder]] |
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[[Definition:Cover note]] |
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[[Definition:Certificate of insurance]] |
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[[Definition:Declaration page]] |
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[[Definition:Schedule (policy schedule)]] |
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[[Definition:Proposal form]] |
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[[Definition:Application]] |
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[[Definition:Statement of fact]] |
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[[Definition:Warranty statement]] |
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[[Definition:Representation]] |
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[[Definition:Slip]] |
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[[Definition:Market reform contract (MRC)]] |
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[[Definition:Placing slip]] |
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[[Definition:Signing]] |
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[[Definition:Closing]] |
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[[Definition:Line]] |
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[[Definition:Signed line]] |
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[[Definition:Written line]] |
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[[Definition:Lead line]] |
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[[Definition:Lead underwriter]] |
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[[Definition:Following underwriter]] |
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[[Definition:Following market]] |
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[[Definition:Subscription market]] |
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[[Definition:Co-lead]] |
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[[Definition:Stamp]] |
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[[Definition:Scratch]] |
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[[Definition:Firm order terms (FOT)]] |
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[[Definition:Gross line]] |
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[[Definition:Net line]] |
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[[Definition:Vertical placement]] |
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[[Definition:Horizontal placement]] |
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[[Definition:Market placement]] |
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[[Definition:Oversubscription]] |
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[[Definition:Signing down]] |
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[[Definition:Bureau signing]] |
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[[Definition:Premium payment warranty clause]] |
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[[Definition:Premium payment condition]] |
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[[Definition:Broker]] |
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[[Definition:Insurance broker]] |
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[[Definition:Reinsurance broker]] |
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[[Definition:Placing broker]] |
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[[Definition:Producing broker]] |
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[[Definition:Wholesale broker]] |
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[[Definition:Lloyd's broker]] |
[[Definition:Lloyd's broker]] |
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[[Definition:Loss leader]] |
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[[Definition:Loss ratio (L/R)]] |
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[[Definition:Managing general agent (MGA)]] |
[[Definition:Managing general agent (MGA)]] |
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[[Definition:Managing general underwriter (MGU)]] |
[[Definition:Managing general underwriter (MGU)]] |
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[[Definition:Delegated underwriting authority (DUA)]] |
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[[Definition:Binding authority]] |
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[[Definition:Binding authority agreement (also binder agreement)]] |
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[[Definition:Coverholder]] |
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[[Definition:Third-party administrator (TPA)]] |
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[[Definition:Delegated authority]] |
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[[Definition:Delegated claims authority]] |
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[[Definition:Letter of authority (LOA)]] |
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[[Definition:Lineslip]] |
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[[Definition:Consortium]] |
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[[Definition:Facility]] |
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[[Definition:Programme (also program)]] |
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[[Definition:Treaty]] |
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[[Definition:Obligatory treaty]] |
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[[Definition:Facultative placement]] |
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[[Definition:Facultative obligatory treaty (fac-ob)]] |
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[[Definition:Proportional treaty]] |
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[[Definition:Non-proportional treaty]] |
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[[Definition:Quota share treaty]] |
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[[Definition:Surplus treaty]] |
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[[Definition:Excess of loss treaty (XoL)]] |
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[[Definition:Stop loss treaty (also aggregate stop loss)]] |
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[[Definition:Catastrophe excess of loss (cat XoL)]] |
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[[Definition:Per risk excess of loss]] |
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[[Definition:Per occurrence excess of loss]] |
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[[Definition:Reinsurance]] |
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[[Definition:Ceded reinsurance]] |
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[[Definition:Assumed reinsurance]] |
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[[Definition:Retrocession]] |
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[[Definition:Retrocessionaire]] |
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[[Definition:Cession]] |
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[[Definition:Ceding commission]] |
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[[Definition:Profit commission]] |
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[[Definition:Sliding scale commission]] |
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[[Definition:Override commission]] |
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[[Definition:Brokerage]] |
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[[Definition:Acquisition cost]] |
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[[Definition:Net cost]] |
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[[Definition:Reinsurance premium]] |
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[[Definition:Reinsurance rate]] |
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[[Definition:Reinsurance recovery]] |
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[[Definition:Reinsurance recoverables]] |
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[[Definition:Reinsurance security]] |
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[[Definition:Reinsurer credit risk]] |
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[[Definition:Reinsurance panel]] |
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[[Definition:Reinsurance programme]] |
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[[Definition:Layer]] |
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[[Definition:Layered programme]] |
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[[Definition:Primary layer]] |
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[[Definition:Working layer]] |
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[[Definition:Excess layer]] |
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[[Definition:Buffer layer]] |
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[[Definition:Catastrophe layer]] |
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[[Definition:Top and drop]] |
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[[Definition:Swing-rated cover]] |
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[[Definition:Loss corridor]] |
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[[Definition:Loss participation]] |
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[[Definition:Annual aggregate deductible (AAD)]] |
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[[Definition:Annual aggregate limit (AAL)]] |
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[[Definition:Reinstatement (reinsurance)]] |
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[[Definition:Reinstatement provision]] |
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[[Definition:Free reinstatement]] |
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[[Definition:Paid reinstatement]] |
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[[Definition:Hours clause]] |
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[[Definition:Occurrence definition]] |
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[[Definition:Event definition]] |
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[[Definition:Event limit]] |
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[[Definition:Indexation clause]] |
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[[Definition:Stability clause]] |
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[[Definition:Sunset clause (reinsurance)]] |
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[[Definition:Cut-through clause]] |
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[[Definition:Insolvency clause]] |
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[[Definition:Errors and omissions clause]] |
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[[Definition:Follow the fortunes]] |
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[[Definition:Follow the settlements]] |
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[[Definition:Losses occurring during]] |
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[[Definition:Risks attaching during]] |
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[[Definition:Class of business]] |
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[[Definition:Line of business (LoB)]] |
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[[Definition:Book of business]] |
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[[Definition:Portfolio]] |
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[[Definition:Portfolio transfer]] |
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[[Definition:Loss portfolio transfer (LPT)]] |
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[[Definition:Adverse development cover (ADC)]] |
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[[Definition:Run-off]] |
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[[Definition:Run-off portfolio]] |
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[[Definition:Novation]] |
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[[Definition:Commutation]] |
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[[Definition:Property insurance]] |
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[[Definition:Casualty insurance (also liability insurance)]] |
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[[Definition:General liability insurance]] |
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[[Definition:Professional liability insurance (also professional indemnity)]] |
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[[Definition:Directors and officers liability insurance (D&O)]] |
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[[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)]] |
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[[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]] |
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[[Definition:Protection and indemnity insurance (P&I)]] |
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[[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)]] |
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[[Definition:Business interruption insurance (BI)]] |
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[[Definition:Contingent business interruption insurance]] |
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[[Definition:Loss of profits insurance]] |
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[[Definition:Credit insurance]] |
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[[Definition:Surety bond]] |
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[[Definition:Trade credit insurance]] |
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[[Definition:Political risk insurance]] |
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[[Definition:Kidnap and ransom insurance (K&R)]] |
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[[Definition:Terrorism insurance]] |
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[[Definition:Motor insurance]] |
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[[Definition:Fleet insurance]] |
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[[Definition:Personal lines]] |
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[[Definition:Commercial lines]] |
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[[Definition:Specialty lines]] |
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[[Definition:Financial lines]] |
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[[Definition:Accident and health insurance (A&H)]] |
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[[Definition:Life insurance]] |
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[[Definition:Group insurance]] |
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[[Definition:Parametric insurance]] |
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[[Definition:Index-based insurance]] |
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[[Definition:Captive insurance]] |
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[[Definition:Captive insurer]] |
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[[Definition:Fronting]] |
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[[Definition:Fronting insurer]] |
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[[Definition:Fronting arrangement]] |
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[[Definition:Risk-bearing entity]] |
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[[Definition:Insured]] |
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[[Definition:Named insured]] |
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[[Definition:Additional insured]] |
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[[Definition:Policyholder]] |
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[[Definition:First named insured]] |
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[[Definition:Certificate holder]] |
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[[Definition:Loss payee]] |
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[[Definition:Beneficiary]] |
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[[Definition:Claimant]] |
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[[Definition:Third party]] |
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[[Definition:Insurer]] |
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[[Definition:Carrier]] |
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[[Definition:Underwriter]] |
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[[Definition:Primary insurer]] |
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[[Definition:Excess insurer]] |
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[[Definition:Surplus lines insurer (also non-admitted insurer)]] |
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[[Definition:Admitted insurer]] |
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[[Definition:Lloyd's of London]] |
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[[Definition:Lloyd's syndicate]] |
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[[Definition:Lloyd's managing agent]] |
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[[Definition:Syndicate]] |
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[[Definition:Insurance pool]] |
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[[Definition:Mutual insurer]] |
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[[Definition:Reciprocal exchange]] |
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[[Definition:Insurance company rating]] |
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[[Definition:Financial strength rating (FSR)]] |
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[[Definition:Credit rating (insurer)]] |
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[[Definition:Security rating]] |
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[[Definition:A.M. Best rating]] |
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[[Definition:Solvency]] |
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[[Definition:Solvency margin]] |
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[[Definition:Solvency capital requirement (SCR)]] |
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[[Definition:Minimum capital requirement (MCR)]] |
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[[Definition:Risk-based capital (RBC)]] |
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[[Definition:Own risk and solvency assessment (ORSA)]] |
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[[Definition:Capital adequacy]] |
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[[Definition:Regulatory capital]] |
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[[Definition:Economic capital]] |
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[[Definition:Technical provision]] |
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[[Definition:Reserve]] |
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[[Definition:Loss reserve]] |
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[[Definition:Premium reserve]] |
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[[Definition:Claims reserve]] |
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[[Definition:Catastrophe reserve]] |
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[[Definition:Equalisation reserve]] |
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[[Definition:Reserve adequacy]] |
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[[Definition:Reserve strengthening]] |
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[[Definition:Reserve release]] |
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[[Definition:Prior year reserve development]] |
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[[Definition:Adverse reserve development]] |
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[[Definition:Favourable reserve development]] |
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[[Definition:Reserving]] |
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[[Definition:Chain ladder method]] |
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[[Definition:Bornhuetter-Ferguson method]] |
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[[Definition:Cape Cod method]] |
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[[Definition:Frequency-severity method]] |
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[[Definition:Benchmark method]] |
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[[Definition:Tail factor]] |
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[[Definition:Development pattern]] |
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[[Definition:Ultimate loss]] |
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[[Definition:Loss pick]] |
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[[Definition:Initial expected loss ratio (IELR)]] |
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[[Definition:A priori loss ratio]] |
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[[Definition:Booked loss ratio]] |
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[[Definition:Paid loss]] |
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[[Definition:Incurred loss]] |
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[[Definition:Case reserve]] |
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[[Definition:Bulk reserve]] |
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[[Definition:Actuarial reserve]] |
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[[Definition:Underwriting reserve]] |
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[[Definition:Catastrophe bond (cat bond)]] |
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[[Definition:Insurance-linked security (ILS)]] |
|||
[[Definition:Industry loss warranty (ILW)]] |
|||
[[Definition:Sidecar]] |
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[[Definition:Special purpose vehicle (SPV)]] |
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[[Definition:Alternative risk transfer (ART)]] |
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[[Definition:Risk financing]] |
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[[Definition:Structured reinsurance]] |
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[[Definition:Finite reinsurance]] |
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[[Definition:Loss sensitive programme]] |
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[[Definition:Large deductible programme]] |
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[[Definition:Self-insurance]] |
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[[Definition:Self-insured retention]] |
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[[Definition:Risk pooling]] |
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[[Definition:Adverse selection]] |
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[[Definition:Anti-selection]] |
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[[Definition:Positive selection]] |
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[[Definition:Risk-based pricing]] |
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[[Definition:Actuarial fairness]] |
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[[Definition:Cross-subsidisation]] |
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[[Definition:Rate filing]] |
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[[Definition:Rate regulation]] |
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[[Definition:Tariff rate]] |
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[[Definition:Freedom of rate]] |
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[[Definition:De-tariffication]] |
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[[Definition:Market conduct]] |
[[Definition:Market conduct]] |
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[[Definition: |
[[Definition:Market development]] |
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[[Definition: |
[[Definition:Market penetration]] |
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[[Definition: |
[[Definition:Market segmentation]] |
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[[Definition:Generalised linear model (GLM)]] |
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[[Definition:Predictive model]] |
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[[Definition:Predictive analytics]] |
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[[Definition:Machine learning model (underwriting)]] |
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[[Definition:Algorithmic underwriting]] |
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[[Definition:Automated underwriting]] |
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[[Definition:Straight-through processing (STP)]] |
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[[Definition:Automated decision]] |
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[[Definition:Referral rule]] |
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[[Definition:Underwriting rule engine]] |
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[[Definition:Data enrichment]] |
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[[Definition:Third-party data]] |
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[[Definition:Telematics]] |
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[[Definition:Internet of things (IoT) data]] |
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[[Definition:Pre-bind risk assessment]] |
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[[Definition:Post-bind review]] |
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[[Definition:Mid-term adjustment (MTA)]] |
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[[Definition:Policy amendment]] |
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[[Definition:Premium adjustment]] |
|||
[[Definition:Premium audit]] |
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[[Definition:Declared value]] |
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[[Definition:Adjustable policy]] |
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[[Definition:Reporting form policy]] |
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[[Definition:Manuscript policy]] |
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[[Definition:Standard form policy]] |
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[[Definition:Package policy]] |
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[[Definition:Monoline policy]] |
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[[Definition:Multiline policy]] |
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[[Definition:Wrap-up policy]] |
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[[Definition:Master policy]] |
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[[Definition:Difference in conditions (DIC)]] |
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[[Definition:Difference in limits (DIL)]] |
|||
[[Definition:Follow form]] |
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[[Definition:Non-admitted coverage]] |
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[[Definition:Admitted coverage]] |
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[[Definition:Surplus lines]] |
|||
[[Definition:Freedom of services]] |
|||
[[Definition:Passporting]] |
|||
[[Definition:Licensed insurer]] |
|||
[[Definition:Authorised insurer]] |
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[[Definition:Regulation]] |
|||
[[Definition:Insurance regulation]] |
|||
[[Definition:Prudential regulation]] |
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[[Definition:Conduct regulation]] |
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[[Definition:Insurance supervisory authority]] |
|||
[[Definition:Solvency II]] |
|||
[[Definition:International financial reporting standard 17 (IFRS 17)]] |
|||
[[Definition:International Association of Insurance Supervisors (IAIS)]] |
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[[Definition:Insurance core principle (ICP)]] |
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[[Definition:Hard market]] |
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[[Definition:Soft market]] |
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[[Definition:Market cycle]] |
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[[Definition:Capacity]] |
|||
[[Definition:Market capacity]] |
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[[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]] |
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[[Definition:Portfolio management]] |
|||
[[Definition:Portfolio mix]] |
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[[Definition:Portfolio steering]] |
|||
[[Definition:Growth strategy]] |
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[[Definition:Remediation]] |
|||
[[Definition:Book remediation]] |
|||
[[Definition:Rate monitoring]] |
|||
[[Definition:Rate index]] |
|||
[[Definition:Benchmarking]] |
|||
[[Definition:Peer analysis]] |
|||
[[Definition:Market share]] |
[[Definition:Market share]] |
||
[[Definition: |
[[Definition:Marketing automation]] |
||
[[Definition: |
[[Definition:Marketing funnel]] |
||
[[Definition: |
[[Definition:Marketing mix]] |
||
[[Definition: |
[[Definition:Marketing spend]] |
||
[[Definition: |
[[Definition:Mass marketing]] |
||
[[Definition: |
[[Definition:Media buying]] |
||
[[Definition: |
[[Definition:Micro-insurance]] |
||
[[Definition: |
[[Definition:Multi-channel distribution]] |
||
[[Definition: |
[[Definition:Net promoter score (NPS)]] |
||
[[Definition: |
[[Definition:New business premium]] |
||
[[Definition: |
[[Definition:Niche marketing]] |
||
[[Definition: |
[[Definition:Omni-channel strategy]] |
||
[[Definition: |
[[Definition:Online aggregator]] |
||
[[Definition: |
[[Definition:Open market placement]] |
||
[[Definition: |
[[Definition:Outbound marketing]] |
||
[[Definition: |
[[Definition:Parametric insurance marketing]] |
||
[[Definition: |
[[Definition:Pay-per-click advertising (PPC)]] |
||
[[Definition: |
[[Definition:Penetration rate]] |
||
[[Definition: |
[[Definition:Persistency rate]] |
||
[[Definition: |
[[Definition:Placement]] |
||
[[Definition: |
[[Definition:Point of sale (POS)]] |
||
[[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 map]] |
|||
[[Definition:Key risk indicator (KRI)]] |
|||
[[Definition:Risk-adjusted pricing]] |
|||
[[Definition:Occupancy class]] |
|||
[[Definition:Construction class]] |
|||
[[Definition:Protection class]] |
|||
[[Definition:Hazard grade]] |
|||
[[Definition:Industry classification]] |
|||
[[Definition:Standard Industrial Classification (SIC)]] |
|||
[[Definition:North American Industry Classification System (NAICS)]] |
|||
[[Definition:Statistical code]] |
|||
[[Definition:Class code]] |
|||
[[Definition:Peril code]] |
|||
[[Definition:Cause of loss code]] |
|||
[[Definition:Geocoding]] |
|||
[[Definition:Geospatial risk assessment]] |
|||
[[Definition:Flood zone]] |
|||
[[Definition:Windstorm zone]] |
|||
[[Definition:Earthquake zone]] |
|||
[[Definition:Natural hazard zone]] |
|||
[[Definition:Exposure database]] |
|||
[[Definition:Schedule of values (SOV)]] |
|||
[[Definition:Total insured value (TIV)]] |
|||
[[Definition:Declared values]] |
|||
[[Definition:Statement of values]] |
|||
[[Definition:Business description]] |
|||
[[Definition:Risk narrative]] |
|||
[[Definition:Risk summary]] |
|||
[[Definition:Underwriting information sheet]] |
|||
[[Definition:Loss run]] |
|||
[[Definition:Loss history report]] |
|||
[[Definition:Claims history]] |
|||
[[Definition:Prior insurance]] |
|||
[[Definition:No claims bonus (NCB)]] |
|||
[[Definition:No claims discount (NCD)]] |
|||
[[Definition:Claims-free discount]] |
|||
[[Definition:Experience modification]] |
|||
[[Definition:Experience modifier]] |
|||
[[Definition:Merit rating plan]] |
|||
[[Definition:Bonus-malus system]] |
|||
[[Definition:Deductible buy-back]] |
|||
[[Definition:Deductible erosion]] |
|||
[[Definition:Aggregate stop loss]] |
|||
[[Definition:Basket retention]] |
|||
[[Definition:Combined deductible]] |
|||
[[Definition:Net retention analysis]] |
|||
[[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:Policy count]] |
||
[[Definition: |
[[Definition:Policy renewal rate]] |
||
[[Definition: |
[[Definition:Policyholder retention]] |
||
[[Definition: |
[[Definition:Portfolio transfer]] |
||
[[Definition: |
[[Definition:Positioning]] |
||
[[Definition:Premium |
[[Definition:Premium growth rate]] |
||
[[Definition: |
[[Definition:Premium volume]] |
||
[[Definition: |
[[Definition:Price comparison website (PCW)]] |
||
[[Definition: |
[[Definition:Price optimisation (US: price optimization)]] |
||
[[Definition: |
[[Definition:Producing agent]] |
||
[[Definition: |
[[Definition:Product bundling]] |
||
[[Definition: |
[[Definition:Product development]] |
||
[[Definition: |
[[Definition:Product launch]] |
||
[[Definition: |
[[Definition:Product lifecycle]] |
||
[[Definition: |
[[Definition:Product mix]] |
||
[[Definition:Production credit]] |
|||
[[Definition:Program administrator]] |
|||
[[Definition:Program business]] |
|||
[[Definition:Prospect]] |
|||
[[Definition:Prospecting]] |
|||
[[Definition:Quota share]] |
|||
[[Definition:Rate adequacy]] |
|||
[[Definition:Referral fee]] |
|||
[[Definition:Referral programme (US: referral program)]] |
|||
[[Definition:Relationship management]] |
|||
[[Definition:Renewal commission]] |
|||
[[Definition:Renewal premium]] |
|||
[[Definition:Renewal retention]] |
|||
[[Definition:Retail broker]] |
|||
[[Definition:Retail distribution]] |
|||
[[Definition:Return on marketing investment (ROMI)]] |
|||
[[Definition:Revenue per policy]] |
|||
[[Definition:Risk appetite communication]] |
|||
[[Definition:Sales channel]] |
|||
[[Definition:Sales cycle]] |
|||
[[Definition:Sales enablement]] |
|||
[[Definition:Sales pipeline]] |
|||
[[Definition:Search engine optimisation (SEO)]] |
|||
[[Definition:Segment profitability]] |
|||
[[Definition:Social media marketing]] |
|||
[[Definition:Soft market]] |
|||
[[Definition:Hard market]] |
|||
[[Definition:Solicitation]] |
|||
[[Definition:Specialty lines marketing]] |
|||
[[Definition:Sponsor]] |
|||
[[Definition:Strategic alliance]] |
|||
[[Definition:Submission]] |
|||
[[Definition:Surplus lines broker]] |
|||
[[Definition:Target market]] |
|||
[[Definition:Telesales]] |
|||
[[Definition:Third-party administrator (TPA)]] |
|||
[[Definition:Tied agent]] |
|||
[[Definition:Top of funnel (TOFU)]] |
|||
[[Definition:Total addressable market (TAM)]] |
|||
[[Definition:Underwriting appetite]] |
|||
[[Definition:Upselling]] |
|||
[[Definition:Value proposition]] |
|||
[[Definition:White-label product]] |
|||
[[Definition:Wholesale broker]] |
|||
[[Definition:Worksite marketing]] |
|||
Revision as of 18:25, 16 March 2026
Definition:Acquisition cost Definition:Acquisition ratio Definition:Advertising-to-premium ratio Definition:Affinity marketing Definition:Agency agreement Definition:Agency management system (AMS) Definition:Agency plant Definition:Agent appointment Definition:Agent of record (AOR) Definition:Aggregator Definition:Alternate distribution channel Definition:Appointed representative (AR) Definition:Bancassurance Definition:Bind authority Definition:Binding authority agreement (BAA) Definition:Book of business Definition:Book roll Definition:Brand awareness Definition:Broker channel Definition:Broker of record (BOR) Definition:Broker of record letter (BOR letter) Definition:Brokerage commission Definition:Brokerage market Definition:Campaign conversion rate Definition:Captive agent Definition:Channel conflict Definition:Channel distribution strategy Definition:Channel mix Definition:Client retention rate Definition:Co-branding Definition:Cold calling Definition:Commission Definition:Commission disclosure Definition:Commission override Definition:Commission schedule Definition:Comparison website Definition:Competitor analysis Definition:Contingent commission Definition:Conversion rate Definition:Coverholder Definition:Cross-selling Definition:Customer acquisition cost (CAC) Definition:Customer engagement Definition:Customer journey mapping Definition:Customer lifetime value (CLV) Definition:Customer persona Definition:Customer relationship management (CRM) Definition:Customer segmentation Definition:Delegated underwriting authority (DUA) Definition:Demand generation Definition:Digital distribution Definition:Direct marketing Definition:Direct response marketing Definition:Direct writer Definition:Direct-to-consumer (DTC) Definition:Distribution channel Definition:Distribution expense Definition:Distribution management Definition:Distribution network Definition:Drip campaign Definition:Embedded insurance Definition:Exclusive agent Definition:Expense ratio Definition:Field marketing Definition:Fronting arrangement Definition:General agent (GA) Definition:Go-to-market strategy (GTM) Definition:Gross written premium (GWP) Definition:Group marketing Definition:Inbound marketing Definition:Independent agent Definition:Independent financial adviser (IFA) Definition:Insurtech Definition:Intermediary Definition:Key performance indicator (KPI) Definition:Lead generation Definition:Lead nurturing Definition:Lead scoring Definition:Line slip Definition:Lloyd's broker Definition:Loss leader Definition:Loss ratio (L/R) Definition:Managing general agent (MGA) Definition:Managing general underwriter (MGU) Definition:Market conduct Definition:Market development Definition:Market penetration Definition:Market segmentation Definition:Market share Definition:Marketing automation Definition:Marketing funnel Definition:Marketing mix Definition:Marketing spend Definition:Mass marketing Definition:Media buying Definition:Micro-insurance Definition:Multi-channel distribution Definition:Net promoter score (NPS) Definition:New business premium Definition:Niche marketing Definition:Omni-channel strategy Definition:Online aggregator Definition:Open market placement Definition:Outbound marketing Definition:Parametric insurance marketing Definition:Pay-per-click advertising (PPC) Definition:Penetration rate Definition:Persistency rate Definition:Placement Definition:Point of sale (POS) Definition:Policy count Definition:Policy renewal rate Definition:Policyholder retention Definition:Portfolio transfer Definition:Positioning Definition:Premium growth rate Definition:Premium volume Definition:Price comparison website (PCW) Definition:Price optimisation (US: price optimization) Definition:Producing agent Definition:Product bundling Definition:Product development Definition:Product launch Definition:Product lifecycle Definition:Product mix Definition:Production credit Definition:Program administrator Definition:Program business Definition:Prospect Definition:Prospecting Definition:Quota share Definition:Rate adequacy Definition:Referral fee Definition:Referral programme (US: referral program) Definition:Relationship management Definition:Renewal commission Definition:Renewal premium Definition:Renewal retention Definition:Retail broker Definition:Retail distribution Definition:Return on marketing investment (ROMI) Definition:Revenue per policy Definition:Risk appetite communication Definition:Sales channel Definition:Sales cycle Definition:Sales enablement Definition:Sales pipeline Definition:Search engine optimisation (SEO) Definition:Segment profitability Definition:Social media marketing Definition:Soft market Definition:Hard market Definition:Solicitation Definition:Specialty lines marketing Definition:Sponsor Definition:Strategic alliance Definition:Submission Definition:Surplus lines broker Definition:Target market Definition:Telesales Definition:Third-party administrator (TPA) Definition:Tied agent Definition:Top of funnel (TOFU) Definition:Total addressable market (TAM) Definition:Underwriting appetite Definition:Upselling Definition:Value proposition Definition:White-label product Definition:Wholesale broker Definition:Worksite marketing