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[[Definition:UnderwritingAcquisition cost]]
[[Definition:UnderwritingAcquisition authorityratio]]
[[Definition:UnderwritingAdvertising-to-premium guidelineratio]]
[[Definition:UnderwritingAffinity capacitymarketing]]
[[Definition:UnderwritingAgency cycleagreement]]
[[Definition:UnderwritingAgency profitmanagement system (AMS)]]
[[Definition:UnderwritingAgency lossplant]]
[[Definition:UnderwritingAgent resultappointment]]
[[Definition:UnderwritingAgent yearof record (AOR)]]
[[Definition:Underwriting riskAggregator]]
[[Definition:UnderwritingAlternate appetitedistribution channel]]
[[Definition:UnderwritingAppointed strategyrepresentative (AR)]]
[[Definition:Underwriting disciplineBancassurance]]
[[Definition:UnderwritingBind philosophyauthority]]
[[Definition:UnderwritingBinding manualauthority agreement (BAA)]]
[[Definition:UnderwritingBook limitof business]]
[[Definition:UnderwritingBook submissionroll]]
[[Definition:UnderwritingBrand referralawareness]]
[[Definition:UnderwritingBroker reviewchannel]]
[[Definition:UnderwritingBroker auditof record (BOR)]]
[[Definition:UnderwritingBroker peerof reviewrecord letter (BOR letter)]]
[[Definition:UnderwritingBrokerage filecommission]]
[[Definition:UnderwritingBrokerage memorandummarket]]
[[Definition:UnderwritingCampaign agreementconversion rate]]
[[Definition:UnderwritingCaptive expenseagent]]
[[Definition:UnderwritingChannel marginconflict]]
[[Definition:UnderwritingChannel incomedistribution strategy]]
[[Definition:UnderwritingChannel leveragemix]]
[[Definition:UnderwritingClient portfolioretention rate]]
[[Definition:Underwriting performanceCo-branding]]
[[Definition:UnderwritingCold criteriacalling]]
[[Definition:Underwriting informationCommission]]
[[Definition:UnderwritingCommission decisiondisclosure]]
[[Definition:UnderwritingCommission authority frameworkoverride]]
[[Definition:UnderwritingCommission controlschedule]]
[[Definition:UnderwritingComparison governancewebsite]]
[[Definition:UnderwritingCompetitor oversightanalysis]]
[[Definition:UnderwritingContingent delegationcommission]]
[[Definition:UnderwritingConversion quality assurancerate]]
[[Definition:Underwriting exceptionCoverholder]]
[[Definition:Underwriting deviationCross-selling]]
[[Definition:UnderwritingCustomer benchmarkacquisition cost (CAC)]]
[[Definition:UnderwritingCustomer processengagement]]
[[Definition:UnderwritingCustomer workflowjourney mapping]]
[[Definition:UnderwritingCustomer triagelifetime value (CLV)]]
[[Definition:UnderwritingCustomer clearancepersona]]
[[Definition:UnderwritingCustomer sign-offrelationship management (CRM)]]
[[Definition:RiskCustomer assessmentsegmentation]]
[[Definition:RiskDelegated selectionunderwriting authority (DUA)]]
[[Definition:RiskDemand classificationgeneration]]
[[Definition:RiskDigital evaluationdistribution]]
[[Definition:RiskDirect appetitemarketing]]
[[Definition:RiskDirect appetiteresponse statementmarketing]]
[[Definition:RiskDirect tolerancewriter]]
[[Definition:RiskDirect-to-consumer acceptance(DTC)]]
[[Definition:RiskDistribution declinationchannel]]
[[Definition:RiskDistribution profileexpense]]
[[Definition:RiskDistribution scoringmanagement]]
[[Definition:RiskDistribution gradingnetwork]]
[[Definition:RiskDrip ratingcampaign]]
[[Definition:RiskEmbedded segmentationinsurance]]
[[Definition:RiskExclusive differentiationagent]]
[[Definition:Risk factor]]
[[Definition:Risk indicator]]
[[Definition:Risk characteristic]]
[[Definition:Risk survey]]
[[Definition:Risk inspection]]
[[Definition:Risk engineering]]
[[Definition:Risk improvement]]
[[Definition:Risk improvement recommendation]]
[[Definition:Risk mitigation]]
[[Definition:Risk transfer]]
[[Definition:Risk retention]]
[[Definition:Risk aggregation]]
[[Definition:Risk accumulation]]
[[Definition:Risk concentration]]
[[Definition:Risk correlation]]
[[Definition:Risk exposure]]
[[Definition:Risk mapping]]
[[Definition:Hazard identification]]
[[Definition:Moral hazard]]
[[Definition:Morale hazard]]
[[Definition:Physical hazard]]
[[Definition:Loss exposure]]
[[Definition:Exposure analysis]]
[[Definition:Exposure management]]
[[Definition:Exposure monitoring]]
[[Definition:Aggregate exposure]]
[[Definition:Probable maximum loss (PML)]]
[[Definition:Maximum possible loss (MPL)]]
[[Definition:Estimated maximum loss (EML)]]
[[Definition:Normal loss expectancy (NLE)]]
[[Definition:Maximum foreseeable loss (MFL)]]
[[Definition:Expected loss]]
[[Definition:Loss expectancy]]
[[Definition:Catastrophe exposure]]
[[Definition:Natural catastrophe risk (nat cat)]]
[[Definition:Man-made catastrophe risk]]
[[Definition:Catastrophe modelling]]
[[Definition:Catastrophe model]]
[[Definition:Return period]]
[[Definition:Probable maximum loss curve]]
[[Definition:Exceedance probability curve]]
[[Definition:Aggregate exceedance probability (AEP)]]
[[Definition:Occurrence exceedance probability (OEP)]]
[[Definition:Average annual loss (AAL)]]
[[Definition:Tail value at risk (TVaR)]]
[[Definition:Value at risk (VaR)]]
[[Definition:Stochastic modelling]]
[[Definition:Deterministic scenario]]
[[Definition:Realistic disaster scenario (RDS)]]
[[Definition:Stress test]]
[[Definition:Scenario analysis]]
[[Definition:Accumulation control]]
[[Definition:Clash risk]]
[[Definition:Premium]]
[[Definition:Gross written premium (GWP)]]
[[Definition:Net written premium (NWP)]]
[[Definition:Gross earned premium (GEP)]]
[[Definition:Net earned premium (NEP)]]
[[Definition:Unearned premium]]
[[Definition:Unearned premium reserve (UPR)]]
[[Definition:Earned premium]]
[[Definition:Written premium]]
[[Definition:Premium income]]
[[Definition:Premium volume]]
[[Definition:Premium rate]]
[[Definition:Premium rating]]
[[Definition:Rate adequacy]]
[[Definition:Rate level]]
[[Definition:Rate change]]
[[Definition:Rate increase]]
[[Definition:Rate reduction]]
[[Definition:Rate hardening]]
[[Definition:Rate softening]]
[[Definition:Rating factor]]
[[Definition:Rating algorithm]]
[[Definition:Rating model]]
[[Definition:Rating table]]
[[Definition:Rating basis]]
[[Definition:Rating class]]
[[Definition:Rating plan]]
[[Definition:Base rate]]
[[Definition:Base premium]]
[[Definition:Technical rate]]
[[Definition:Technical price]]
[[Definition:Technical premium]]
[[Definition:Manual rate]]
[[Definition:Indicated rate]]
[[Definition:Target rate]]
[[Definition:Minimum premium]]
[[Definition:Deposit premium]]
[[Definition:Adjustable premium]]
[[Definition:Provisional premium]]
[[Definition:Flat premium]]
[[Definition:Annual premium]]
[[Definition:Additional premium]]
[[Definition:Return premium]]
[[Definition:Reinstatement premium]]
[[Definition:Short-rate premium]]
[[Definition:Pro rata premium]]
[[Definition:Minimum and deposit premium (M&D)]]
[[Definition:Burning cost]]
[[Definition:Burning cost ratio]]
[[Definition:Experience rating]]
[[Definition:Exposure rating]]
[[Definition:Schedule rating]]
[[Definition:Judgement rating (also judgment rating)]]
[[Definition:Community rating]]
[[Definition:Merit rating]]
[[Definition:Retrospective rating]]
[[Definition:Prospective rating]]
[[Definition:Composite rating]]
[[Definition:Class rating]]
[[Definition:Individual risk rating]]
[[Definition:Loss rating]]
[[Definition:Credibility weighting]]
[[Definition:Credibility factor]]
[[Definition:Actuarial pricing]]
[[Definition:Actuarial analysis]]
[[Definition:Loss cost]]
[[Definition:Pure premium]]
[[Definition:Risk premium]]
[[Definition:Loaded premium]]
[[Definition:Loading]]
[[Definition:Expense loading]]
[[Definition:Catastrophe loading]]
[[Definition:Profit loading]]
[[Definition:Contingency loading]]
[[Definition:Loss ratio (L/R)]]
[[Definition:Incurred loss ratio]]
[[Definition:Ultimate loss ratio]]
[[Definition:Attritional loss ratio]]
[[Definition:Expected loss ratio (ELR)]]
[[Definition:Expense ratio]]
[[Definition:CombinedField ratiomarketing]]
[[Definition:CombinedFronting operating ratioarrangement]]
[[Definition:OperatingGeneral ratioagent (GA)]]
[[Definition:CommissionGo-to-market ratiostrategy (GTM)]]
[[Definition:AcquisitionGross costwritten ratiopremium (GWP)]]
[[Definition:NetGroup loss ratiomarketing]]
[[Definition:GrossInbound loss ratiomarketing]]
[[Definition:LossIndependent developmentagent]]
[[Definition:LossIndependent developmentfinancial factoradviser (LDFIFA)]]
[[Definition:Loss triangleInsurtech]]
[[Definition:Incurred but not reported reserve (IBNR)Intermediary]]
[[Definition:LargeKey lossperformance indicator (KPI)]]
[[Definition:AttritionalLead lossgeneration]]
[[Definition:FrequencyLead nurturing]]
[[Definition:SeverityLead scoring]]
[[Definition:LossLine frequencyslip]]
[[Definition:Loss severity]]
[[Definition:Loss trend]]
[[Definition:Loss volatility]]
[[Definition:Loss history]]
[[Definition:Loss experience]]
[[Definition:Claims experience]]
[[Definition:Loss record]]
[[Definition:Bordereau]]
[[Definition:Premium bordereau]]
[[Definition:Claims bordereau]]
[[Definition:Policy]]
[[Definition:Insurance policy]]
[[Definition:Policy form]]
[[Definition:Policy wording]]
[[Definition:Policy condition]]
[[Definition:Policy term]]
[[Definition:Policy period]]
[[Definition:Policy inception]]
[[Definition:Policy expiry]]
[[Definition:Policy limit]]
[[Definition:Limit of liability]]
[[Definition:Limit of indemnity]]
[[Definition:Aggregate limit]]
[[Definition:Per occurrence limit]]
[[Definition:Per claim limit]]
[[Definition:Annual aggregate limit]]
[[Definition:Sublimit]]
[[Definition:Inner limit]]
[[Definition:Combined single limit (CSL)]]
[[Definition:Split limit]]
[[Definition:Blanket limit]]
[[Definition:Shared limit]]
[[Definition:Excess of loss]]
[[Definition:Excess point]]
[[Definition:Attachment point]]
[[Definition:Self-insured retention (SIR)]]
[[Definition:Deductible]]
[[Definition:Aggregate deductible]]
[[Definition:Per occurrence deductible]]
[[Definition:Franchise deductible]]
[[Definition:Waiting period (also elimination period)]]
[[Definition:Retention]]
[[Definition:Net retention]]
[[Definition:Co-insurance]]
[[Definition:Co-insurance clause]]
[[Definition:Average clause]]
[[Definition:Condition of average]]
[[Definition:Indemnity]]
[[Definition:Principle of indemnity]]
[[Definition:Sum insured]]
[[Definition:Insurable value]]
[[Definition:Agreed value]]
[[Definition:Replacement value]]
[[Definition:Actual cash value]]
[[Definition:Market value]]
[[Definition:First loss]]
[[Definition:Total loss]]
[[Definition:Partial loss]]
[[Definition:Constructive total loss]]
[[Definition:Under-insurance]]
[[Definition:Over-insurance]]
[[Definition:Insurable interest]]
[[Definition:Utmost good faith (uberrima fides)]]
[[Definition:Duty of disclosure]]
[[Definition:Material fact]]
[[Definition:Material misrepresentation]]
[[Definition:Non-disclosure]]
[[Definition:Warranty]]
[[Definition:Condition precedent]]
[[Definition:Subrogation]]
[[Definition:Contribution]]
[[Definition:Proximate cause]]
[[Definition:Fortuitous event]]
[[Definition:Peril]]
[[Definition:Named peril]]
[[Definition:All-risk coverage (also all-risks)]]
[[Definition:Exclusion]]
[[Definition:Exclusion clause]]
[[Definition:General exclusion]]
[[Definition:Specific exclusion]]
[[Definition:Absolute exclusion]]
[[Definition:Standard exclusion]]
[[Definition:War exclusion]]
[[Definition:Terrorism exclusion]]
[[Definition:Nuclear exclusion]]
[[Definition:Cyber exclusion]]
[[Definition:Pollution exclusion]]
[[Definition:Communicable disease exclusion]]
[[Definition:Pandemic exclusion]]
[[Definition:Sanction exclusion]]
[[Definition:Sanction limitation and exclusion clause (SLEC)]]
[[Definition:Asbestos exclusion]]
[[Definition:Wear and tear exclusion]]
[[Definition:Gradual deterioration exclusion]]
[[Definition:Endorsement (also rider)]]
[[Definition:Policy endorsement]]
[[Definition:Extension]]
[[Definition:Extension of coverage]]
[[Definition:Coverage extension]]
[[Definition:Broadening endorsement]]
[[Definition:Restrictive endorsement]]
[[Definition:Manuscript endorsement]]
[[Definition:Standard endorsement]]
[[Definition:Coverage]]
[[Definition:Scope of coverage]]
[[Definition:Coverage grant]]
[[Definition:Coverage trigger]]
[[Definition:Coverage part]]
[[Definition:Coverage territory]]
[[Definition:Territorial scope]]
[[Definition:Worldwide coverage]]
[[Definition:Jurisdiction clause]]
[[Definition:Choice of law clause]]
[[Definition:Arbitration clause]]
[[Definition:Service of suit clause]]
[[Definition:Claims-made coverage]]
[[Definition:Claims-made and reported]]
[[Definition:Occurrence-based coverage]]
[[Definition:Discovery period]]
[[Definition:Extended reporting period (ERP)]]
[[Definition:Retroactive date]]
[[Definition:Prior acts coverage]]
[[Definition:Sunset clause]]
[[Definition:Losses occurring basis]]
[[Definition:Risks attaching basis]]
[[Definition:Claims-made basis]]
[[Definition:Inception date]]
[[Definition:Expiration date]]
[[Definition:Continuous coverage]]
[[Definition:Renewal]]
[[Definition:Policy renewal]]
[[Definition:Renewal terms]]
[[Definition:Renewal retention]]
[[Definition:Non-renewal]]
[[Definition:Cancellation]]
[[Definition:Mid-term cancellation]]
[[Definition:Flat cancellation]]
[[Definition:Short-rate cancellation]]
[[Definition:Pro rata cancellation]]
[[Definition:Notice of cancellation]]
[[Definition:Reinstatement]]
[[Definition:New business]]
[[Definition:New business submission]]
[[Definition:Renewal business]]
[[Definition:Quote]]
[[Definition:Quotation]]
[[Definition:Indication]]
[[Definition:Firm order]]
[[Definition:Binder]]
[[Definition:Cover note]]
[[Definition:Certificate of insurance]]
[[Definition:Declaration page]]
[[Definition:Schedule (policy schedule)]]
[[Definition:Proposal form]]
[[Definition:Application]]
[[Definition:Statement of fact]]
[[Definition:Warranty statement]]
[[Definition:Representation]]
[[Definition:Slip]]
[[Definition:Market reform contract (MRC)]]
[[Definition:Placing slip]]
[[Definition:Signing]]
[[Definition:Closing]]
[[Definition:Line]]
[[Definition:Signed line]]
[[Definition:Written line]]
[[Definition:Lead line]]
[[Definition:Lead underwriter]]
[[Definition:Following underwriter]]
[[Definition:Following market]]
[[Definition:Subscription market]]
[[Definition:Co-lead]]
[[Definition:Stamp]]
[[Definition:Scratch]]
[[Definition:Firm order terms (FOT)]]
[[Definition:Gross line]]
[[Definition:Net line]]
[[Definition:Vertical placement]]
[[Definition:Horizontal placement]]
[[Definition:Market placement]]
[[Definition:Oversubscription]]
[[Definition:Signing down]]
[[Definition:Bureau signing]]
[[Definition:Premium payment warranty clause]]
[[Definition:Premium payment condition]]
[[Definition:Broker]]
[[Definition:Insurance broker]]
[[Definition:Reinsurance broker]]
[[Definition:Placing broker]]
[[Definition:Producing broker]]
[[Definition:Wholesale broker]]
[[Definition:Lloyd's broker]]
[[Definition:Loss leader]]
[[Definition:Loss ratio (L/R)]]
[[Definition:Managing general agent (MGA)]]
[[Definition:Managing general underwriter (MGU)]]
[[Definition:Delegated underwriting authority (DUA)]]
[[Definition:Binding authority]]
[[Definition:Binding authority agreement (also binder agreement)]]
[[Definition:Coverholder]]
[[Definition:Third-party administrator (TPA)]]
[[Definition:Delegated authority]]
[[Definition:Delegated claims authority]]
[[Definition:Letter of authority (LOA)]]
[[Definition:Lineslip]]
[[Definition:Consortium]]
[[Definition:Facility]]
[[Definition:Programme (also program)]]
[[Definition:Treaty]]
[[Definition:Obligatory treaty]]
[[Definition:Facultative placement]]
[[Definition:Facultative obligatory treaty (fac-ob)]]
[[Definition:Proportional treaty]]
[[Definition:Non-proportional treaty]]
[[Definition:Quota share treaty]]
[[Definition:Surplus treaty]]
[[Definition:Excess of loss treaty (XoL)]]
[[Definition:Stop loss treaty (also aggregate stop loss)]]
[[Definition:Catastrophe excess of loss (cat XoL)]]
[[Definition:Per risk excess of loss]]
[[Definition:Per occurrence excess of loss]]
[[Definition:Reinsurance]]
[[Definition:Ceded reinsurance]]
[[Definition:Assumed reinsurance]]
[[Definition:Retrocession]]
[[Definition:Retrocessionaire]]
[[Definition:Cession]]
[[Definition:Ceding commission]]
[[Definition:Profit commission]]
[[Definition:Sliding scale commission]]
[[Definition:Override commission]]
[[Definition:Brokerage]]
[[Definition:Acquisition cost]]
[[Definition:Net cost]]
[[Definition:Reinsurance premium]]
[[Definition:Reinsurance rate]]
[[Definition:Reinsurance recovery]]
[[Definition:Reinsurance recoverables]]
[[Definition:Reinsurance security]]
[[Definition:Reinsurer credit risk]]
[[Definition:Reinsurance panel]]
[[Definition:Reinsurance programme]]
[[Definition:Layer]]
[[Definition:Layered programme]]
[[Definition:Primary layer]]
[[Definition:Working layer]]
[[Definition:Excess layer]]
[[Definition:Buffer layer]]
[[Definition:Catastrophe layer]]
[[Definition:Top and drop]]
[[Definition:Swing-rated cover]]
[[Definition:Loss corridor]]
[[Definition:Loss participation]]
[[Definition:Annual aggregate deductible (AAD)]]
[[Definition:Annual aggregate limit (AAL)]]
[[Definition:Reinstatement (reinsurance)]]
[[Definition:Reinstatement provision]]
[[Definition:Free reinstatement]]
[[Definition:Paid reinstatement]]
[[Definition:Hours clause]]
[[Definition:Occurrence definition]]
[[Definition:Event definition]]
[[Definition:Event limit]]
[[Definition:Indexation clause]]
[[Definition:Stability clause]]
[[Definition:Sunset clause (reinsurance)]]
[[Definition:Cut-through clause]]
[[Definition:Insolvency clause]]
[[Definition:Errors and omissions clause]]
[[Definition:Follow the fortunes]]
[[Definition:Follow the settlements]]
[[Definition:Losses occurring during]]
[[Definition:Risks attaching during]]
[[Definition:Class of business]]
[[Definition:Line of business (LoB)]]
[[Definition:Book of business]]
[[Definition:Portfolio]]
[[Definition:Portfolio transfer]]
[[Definition:Loss portfolio transfer (LPT)]]
[[Definition:Adverse development cover (ADC)]]
[[Definition:Run-off]]
[[Definition:Run-off portfolio]]
[[Definition:Novation]]
[[Definition:Commutation]]
[[Definition:Property insurance]]
[[Definition:Casualty insurance (also liability insurance)]]
[[Definition:General liability insurance]]
[[Definition:Professional liability insurance (also professional indemnity)]]
[[Definition:Directors and officers liability insurance (D&O)]]
[[Definition:Errors and omissions insurance (E&O)]]
[[Definition:Employers' liability insurance]]
[[Definition:Workers' compensation insurance]]
[[Definition:Product liability insurance]]
[[Definition:Public liability insurance]]
[[Definition:Commercial general liability (CGL)]]
[[Definition:Excess liability insurance]]
[[Definition:Umbrella liability insurance]]
[[Definition:Cyber liability insurance]]
[[Definition:Environmental liability insurance]]
[[Definition:Marine insurance]]
[[Definition:Hull insurance]]
[[Definition:Cargo insurance]]
[[Definition:Protection and indemnity insurance (P&I)]]
[[Definition:Aviation insurance]]
[[Definition:Energy insurance]]
[[Definition:Construction insurance]]
[[Definition:Engineering insurance]]
[[Definition:Contractor's all risks insurance (CAR)]]
[[Definition:Erection all risks insurance (EAR)]]
[[Definition:Delay in start-up insurance (DSU)]]
[[Definition:Advance loss of profits insurance (ALOP)]]
[[Definition:Business interruption insurance (BI)]]
[[Definition:Contingent business interruption insurance]]
[[Definition:Loss of profits insurance]]
[[Definition:Credit insurance]]
[[Definition:Surety bond]]
[[Definition:Trade credit insurance]]
[[Definition:Political risk insurance]]
[[Definition:Kidnap and ransom insurance (K&R)]]
[[Definition:Terrorism insurance]]
[[Definition:Motor insurance]]
[[Definition:Fleet insurance]]
[[Definition:Personal lines]]
[[Definition:Commercial lines]]
[[Definition:Specialty lines]]
[[Definition:Financial lines]]
[[Definition:Accident and health insurance (A&H)]]
[[Definition:Life insurance]]
[[Definition:Group insurance]]
[[Definition:Parametric insurance]]
[[Definition:Index-based insurance]]
[[Definition:Captive insurance]]
[[Definition:Captive insurer]]
[[Definition:Fronting]]
[[Definition:Fronting insurer]]
[[Definition:Fronting arrangement]]
[[Definition:Risk-bearing entity]]
[[Definition:Insured]]
[[Definition:Named insured]]
[[Definition:Additional insured]]
[[Definition:Policyholder]]
[[Definition:First named insured]]
[[Definition:Certificate holder]]
[[Definition:Loss payee]]
[[Definition:Beneficiary]]
[[Definition:Claimant]]
[[Definition:Third party]]
[[Definition:Insurer]]
[[Definition:Carrier]]
[[Definition:Underwriter]]
[[Definition:Primary insurer]]
[[Definition:Excess insurer]]
[[Definition:Surplus lines insurer (also non-admitted insurer)]]
[[Definition:Admitted insurer]]
[[Definition:Lloyd's of London]]
[[Definition:Lloyd's syndicate]]
[[Definition:Lloyd's managing agent]]
[[Definition:Syndicate]]
[[Definition:Insurance pool]]
[[Definition:Mutual insurer]]
[[Definition:Reciprocal exchange]]
[[Definition:Insurance company rating]]
[[Definition:Financial strength rating (FSR)]]
[[Definition:Credit rating (insurer)]]
[[Definition:Security rating]]
[[Definition:A.M. Best rating]]
[[Definition:Solvency]]
[[Definition:Solvency margin]]
[[Definition:Solvency capital requirement (SCR)]]
[[Definition:Minimum capital requirement (MCR)]]
[[Definition:Risk-based capital (RBC)]]
[[Definition:Own risk and solvency assessment (ORSA)]]
[[Definition:Capital adequacy]]
[[Definition:Regulatory capital]]
[[Definition:Economic capital]]
[[Definition:Technical provision]]
[[Definition:Reserve]]
[[Definition:Loss reserve]]
[[Definition:Premium reserve]]
[[Definition:Claims reserve]]
[[Definition:Catastrophe reserve]]
[[Definition:Equalisation reserve]]
[[Definition:Reserve adequacy]]
[[Definition:Reserve strengthening]]
[[Definition:Reserve release]]
[[Definition:Prior year reserve development]]
[[Definition:Adverse reserve development]]
[[Definition:Favourable reserve development]]
[[Definition:Reserving]]
[[Definition:Chain ladder method]]
[[Definition:Bornhuetter-Ferguson method]]
[[Definition:Cape Cod method]]
[[Definition:Frequency-severity method]]
[[Definition:Benchmark method]]
[[Definition:Tail factor]]
[[Definition:Development pattern]]
[[Definition:Ultimate loss]]
[[Definition:Loss pick]]
[[Definition:Initial expected loss ratio (IELR)]]
[[Definition:A priori loss ratio]]
[[Definition:Booked loss ratio]]
[[Definition:Paid loss]]
[[Definition:Incurred loss]]
[[Definition:Case reserve]]
[[Definition:Bulk reserve]]
[[Definition:Actuarial reserve]]
[[Definition:Underwriting reserve]]
[[Definition:Catastrophe bond (cat bond)]]
[[Definition:Insurance-linked security (ILS)]]
[[Definition:Industry loss warranty (ILW)]]
[[Definition:Sidecar]]
[[Definition:Special purpose vehicle (SPV)]]
[[Definition:Alternative risk transfer (ART)]]
[[Definition:Risk financing]]
[[Definition:Structured reinsurance]]
[[Definition:Finite reinsurance]]
[[Definition:Loss sensitive programme]]
[[Definition:Large deductible programme]]
[[Definition:Self-insurance]]
[[Definition:Self-insured retention]]
[[Definition:Risk pooling]]
[[Definition:Adverse selection]]
[[Definition:Anti-selection]]
[[Definition:Positive selection]]
[[Definition:Risk-based pricing]]
[[Definition:Actuarial fairness]]
[[Definition:Cross-subsidisation]]
[[Definition:Rate filing]]
[[Definition:Rate regulation]]
[[Definition:Tariff rate]]
[[Definition:Freedom of rate]]
[[Definition:De-tariffication]]
[[Definition:Market conduct]]
[[Definition:TreatingMarket customers fairly (TCF)development]]
[[Definition:FairMarket valuepenetration]]
[[Definition:PricingMarket modelsegmentation]]
[[Definition:Generalised linear model (GLM)]]
[[Definition:Predictive model]]
[[Definition:Predictive analytics]]
[[Definition:Machine learning model (underwriting)]]
[[Definition:Algorithmic underwriting]]
[[Definition:Automated underwriting]]
[[Definition:Straight-through processing (STP)]]
[[Definition:Automated decision]]
[[Definition:Referral rule]]
[[Definition:Underwriting rule engine]]
[[Definition:Data enrichment]]
[[Definition:Third-party data]]
[[Definition:Telematics]]
[[Definition:Internet of things (IoT) data]]
[[Definition:Pre-bind risk assessment]]
[[Definition:Post-bind review]]
[[Definition:Mid-term adjustment (MTA)]]
[[Definition:Policy amendment]]
[[Definition:Premium adjustment]]
[[Definition:Premium audit]]
[[Definition:Declared value]]
[[Definition:Adjustable policy]]
[[Definition:Reporting form policy]]
[[Definition:Manuscript policy]]
[[Definition:Standard form policy]]
[[Definition:Package policy]]
[[Definition:Monoline policy]]
[[Definition:Multiline policy]]
[[Definition:Wrap-up policy]]
[[Definition:Master policy]]
[[Definition:Difference in conditions (DIC)]]
[[Definition:Difference in limits (DIL)]]
[[Definition:Follow form]]
[[Definition:Non-admitted coverage]]
[[Definition:Admitted coverage]]
[[Definition:Surplus lines]]
[[Definition:Freedom of services]]
[[Definition:Passporting]]
[[Definition:Licensed insurer]]
[[Definition:Authorised insurer]]
[[Definition:Regulation]]
[[Definition:Insurance regulation]]
[[Definition:Prudential regulation]]
[[Definition:Conduct regulation]]
[[Definition:Insurance supervisory authority]]
[[Definition:Solvency II]]
[[Definition:International financial reporting standard 17 (IFRS 17)]]
[[Definition:International Association of Insurance Supervisors (IAIS)]]
[[Definition:Insurance core principle (ICP)]]
[[Definition:Hard market]]
[[Definition:Soft market]]
[[Definition:Market cycle]]
[[Definition:Capacity]]
[[Definition:Market capacity]]
[[Definition:Capacity constraint]]
[[Definition:Capacity deployment]]
[[Definition:Risk-adjusted return on capital (RAROC)]]
[[Definition:Return on equity (ROE)]]
[[Definition:Return on capital]]
[[Definition:Cost of capital]]
[[Definition:Capital allocation]]
[[Definition:Portfolio optimisation]]
[[Definition:Portfolio management]]
[[Definition:Portfolio mix]]
[[Definition:Portfolio steering]]
[[Definition:Growth strategy]]
[[Definition:Remediation]]
[[Definition:Book remediation]]
[[Definition:Rate monitoring]]
[[Definition:Rate index]]
[[Definition:Benchmarking]]
[[Definition:Peer analysis]]
[[Definition:Market share]]
[[Definition:CompetitiveMarketing intelligenceautomation]]
[[Definition:TermsMarketing and conditionsfunnel]]
[[Definition:CoverageMarketing termsmix]]
[[Definition:PolicyMarketing termsspend]]
[[Definition:BroadMass formmarketing]]
[[Definition:NarrowMedia formbuying]]
[[Definition:Restrictive termsMicro-insurance]]
[[Definition:TighteningMulti-channel of termsdistribution]]
[[Definition:LiberalisationNet ofpromoter termsscore (NPS)]]
[[Definition:WarrantyNew (policybusiness warranty)premium]]
[[Definition:ConditionNiche (policy condition)marketing]]
[[Definition:ObligationOmni-channel strategy]]
[[Definition:DutyOnline of careaggregator]]
[[Definition:DutyOpen tomarket defendplacement]]
[[Definition:DutyOutbound to indemnifymarketing]]
[[Definition:NotificationParametric requirementinsurance marketing]]
[[Definition:ClaimsPay-per-click notificationadvertising clause(PPC)]]
[[Definition:ClaimsPenetration cooperation clauserate]]
[[Definition:SubrogationPersistency clauserate]]
[[Definition:Other insurance clausePlacement]]
[[Definition:Non-vitiationPoint clauseof 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:RiskPolicy countrenewal rate]]
[[Definition:UnitPolicyholder countretention]]
[[Definition:ExposurePortfolio unittransfer]]
[[Definition:Exposure basePositioning]]
[[Definition:Premium pergrowth unit of exposurerate]]
[[Definition:LossPremium cost per unit of exposurevolume]]
[[Definition:Man-yearPrice comparison website (PCW)]]
[[Definition:Vehicle-yearPrice optimisation (US: price optimization)]]
[[Definition:PayrollProducing exposureagent]]
[[Definition:RevenueProduct exposurebundling]]
[[Definition:TurnoverProduct exposuredevelopment]]
[[Definition:AssetProduct exposurelaunch]]
[[Definition:SquareProduct footage exposurelifecycle]]
[[Definition:HeadcountProduct exposuremix]]
[[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]]
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