Definition:Broken links

Definition:Gross written premium (GWP) Definition:Net written premium (NWP) Definition:Gross earned premium (GEP) Definition:Net earned premium (NEP) Definition:Unearned premium reserve (UPR) Definition:Deferred acquisition cost (DAC) Definition:Loss ratio (L/R) Definition:Expense ratio Definition:Combined ratio (CR) Definition:Operating ratio Definition:Claims incurred Definition:Incurred but not reported reserve (IBNR) Definition:Outstanding claims reserve (OCR) Definition:Case reserve Definition:Run-off Definition:Prior-year reserve development Definition:Favourable reserve development Definition:Adverse reserve development Definition:Loss adjustment expense (LAE) Definition:Allocated loss adjustment expense (ALAE) Definition:Unallocated loss adjustment expense (ULAE) Definition:Underwriting result Definition:Underwriting profit Definition:Investment income Definition:Net investment income Definition:Realised gain and loss Definition:Unrealised gain and loss Definition:Fair value measurement Definition:Amortised cost Definition:Impairment Definition:Technical account Definition:Non-technical account Definition:Technical provision Definition:Best estimate liability (BEL) Definition:Risk margin Definition:Risk adjustment Definition:Contractual service margin (CSM) Definition:Insurance contract revenue Definition:Insurance service expense Definition:Insurance finance income and expense Definition:International Financial Reporting Standard 17 (IFRS 17) Definition:International Financial Reporting Standard 9 (IFRS 9) Definition:General measurement model (GMM) Definition:Premium allocation approach (PAA) Definition:Variable fee approach (VFA) Definition:Onerous contract Definition:Loss component Definition:Coverage unit Definition:Discounting of reserves Definition:Yield curve Definition:Solvency II Definition:Solvency capital requirement (SCR) Definition:Minimum capital requirement (MCR) Definition:Own funds Definition:Eligible own funds Definition:Tier 1 capital Definition:Tier 2 capital Definition:Risk-based capital (RBC) Definition:Statutory accounting Definition:Generally accepted accounting principles (GAAP) Definition:Embedded value (EV) Definition:European embedded value (EEV) Definition:Market consistent embedded value (MCEV) Definition:Value of in-force business (VIF) Definition:Adjusted net asset value Definition:Return on equity (ROE) Definition:Return on capital employed (ROCE) Definition:Earnings per share (EPS) Definition:Book value per share Definition:Tangible net asset value Definition:Goodwill Definition:Intangible asset Definition:Reinsurance recoverable Definition:Reinsurance payable Definition:Ceded premium Definition:Reinsurer share of technical provision Definition:Salvage and subrogation Definition:Premium deficiency reserve Definition:Catastrophe reserve Definition:Equalisation reserve Definition:Policyholder surplus Definition:Shareholders' equity Definition:Retained earnings Definition:Solvency ratio Definition:Capital adequacy Definition:Leverage ratio Definition:Reserving triangle Definition:Chain-ladder method Definition:Bornhuetter–Ferguson method Definition:Actuarial valuation Definition:Discount rate Definition:Present value of future profit (PVFP) Definition:Profit and loss account (P&L) Definition:Balance sheet Definition:Cash flow statement Definition:Statement of comprehensive income Definition:Segment reporting Definition:Related-party disclosure Definition:Audit opinion Definition:Material misstatement Definition:Deferred tax asset Definition:Deferred tax liability Definition:Foreign currency translation Definition:Consolidation Definition:Intercompany elimination