Definition:Broken links

Definition:Actuarial risk Definition:Adverse selection Definition:Aggregate limit Definition:Aggregate stop-loss Definition:Aggregation risk Definition:Allocated loss adjustment expense (ALAE) Definition:As low as reasonably practicable (ALARP) Definition:Attachment point Definition:Attrition rate Definition:Basis risk Definition:Bordereaux Definition:Burning cost Definition:Capacity Definition:Capital adequacy Definition:Catastrophe bond (Cat bond) Definition:Catastrophe excess of loss Definition:Catastrophe model Definition:Catastrophe risk Definition:Cedant Definition:Claims frequency Definition:Claims reserving Definition:Claims severity Definition:Claims triangle Definition:Clash cover Definition:Coinsurance Definition:Combined ratio Definition:Concentration risk Definition:Correlation risk Definition:Credit risk Definition:Cumulative exposure Definition:Deductible Definition:Earned premium Definition:Economic capital Definition:Emerging risk Definition:Enterprise risk management (ERM) Definition:Event limit Definition:Excess of loss (XoL) Definition:Exceedance probability Definition:Expected loss Definition:Expense ratio Definition:Exposure Definition:Exposure management Definition:Facultative reinsurance Definition:Finite reinsurance Definition:Frequency-severity model Definition:Fronting Definition:Gross written premium (GWP) Definition:Hazard Definition:Incurred but not enough reserved (IBNER) Definition:Incurred but not reported (IBNR) Definition:Incurred loss ratio Definition:Indemnity Definition:Industry loss warranty (ILW) Definition:Inherent risk Definition:Insurance-linked security (ILS) Definition:Insurance risk Definition:Insured peril Definition:Key risk indicator (KRI) Definition:Large loss Definition:Latent liability Definition:Law of large numbers Definition:Limit of liability Definition:Line size Definition:Liquidity risk Definition:Lloyd's market Definition:Loss adjustment expense (LAE) Definition:Loss development Definition:Loss development factor (LDF) Definition:Loss frequency Definition:Loss mitigation Definition:Loss portfolio transfer (LPT) Definition:Loss ratio (L/R) Definition:Loss reserve Definition:Loss severity Definition:Loss triangle Definition:Market risk Definition:Maximum foreseeable loss (MFL) Definition:Maximum possible loss (MPL) Definition:Model risk Definition:Monte Carlo simulation Definition:Moral hazard Definition:Morale hazard Definition:Natural catastrophe (Nat cat) Definition:Net retention Definition:Net written premium (NWP) Definition:Obligatory treaty Definition:Occurrence limit Definition:Operational risk Definition:Outstanding loss reserve Definition:Own risk and solvency assessment (ORSA) Definition:Parametric insurance Definition:Peril Definition:Policy limit Definition:Pooling Definition:Portfolio runoff Definition:Probable maximum loss (PML) Definition:Proportional reinsurance Definition:Quota share Definition:Rate adequacy Definition:Rate on line (RoL) Definition:Reinsurance Definition:Reinsurance recoverables Definition:Reinsurance to close (RITC) Definition:Reinstatement premium Definition:Regulatory risk Definition:Reputation risk Definition:Residual risk Definition:Retrocession Definition:Return period Definition:Risk aggregation Definition:Risk appetite Definition:Risk appetite framework Definition:Risk assessment Definition:Risk-based capital (RBC) Definition:Risk classification Definition:Risk control Definition:Risk culture Definition:Risk exposure Definition:Risk factor Definition:Risk financing Definition:Risk governance Definition:Risk identification Definition:Risk limit Definition:Risk mapping Definition:Risk matrix Definition:Risk mitigation Definition:Risk modelling Definition:Risk monitoring Definition:Risk pool Definition:Risk premium Definition:Risk profile Definition:Risk quantification Definition:Risk register Definition:Risk reporting Definition:Risk retention Definition:Risk scoring Definition:Risk selection Definition:Risk taxonomy Definition:Risk tolerance Definition:Risk transfer Definition:Scenario analysis Definition:Self-insured retention (SIR) Definition:Solvency capital requirement (SCR) Definition:Solvency margin Definition:Spread of risk Definition:Stochastic modelling Definition:Stop-loss reinsurance Definition:Strategic risk Definition:Stress testing Definition:Subjectivity Definition:Subrogation Definition:Surplus treaty Definition:Systemic risk Definition:Tail risk Definition:Technical pricing Definition:Technical reserve Definition:Treaty reinsurance Definition:Unallocated loss adjustment expense (ULAE) Definition:Underinsurance Definition:Underwriting capacity Definition:Underwriting cycle Definition:Underwriting discipline Definition:Underwriting guideline Definition:Underwriting limit Definition:Underwriting profit Definition:Underwriting risk Definition:Underwriting year Definition:Unexpired risk reserve Definition:Value at risk (VaR) Definition:Volatility Definition:Working layer