Definition:Broken links

Definition:Talent acquisition Definition:Recruitment pipeline Definition:Employer branding Definition:Employee value proposition (EVP) Definition:Onboarding Definition:Offboarding Definition:Probationary period Definition:Employment contract Definition:Fixed-term contract Definition:Permanent employment Definition:Part-time employment Definition:Secondment Definition:Independent contractor Definition:Contingent workforce Definition:Workforce planning Definition:Headcount Definition:Full-time equivalent (FTE) Definition:Span of control Definition:Organisational design Definition:Organisational chart Definition:Job description Definition:Job grading Definition:Competency framework Definition:Skills gap analysis Definition:Succession planning Definition:Talent management Definition:High-potential employee (HiPo) Definition:Career path Definition:Internal mobility Definition:Lateral move Definition:Promotion Definition:Performance management Definition:Key performance indicator (KPI) Definition:Objective and key result (OKR) Definition:Performance appraisal Definition:360-degree feedback Definition:Continuous feedback Definition:Performance improvement plan (PIP) Definition:Learning and development (L&D) Definition:Continuing professional development (CPD) Definition:Technical underwriting training Definition:Claims handler certification Definition:Actuarial qualification pathway Definition:Chartered Insurance Institute (CII) Definition:Associate in Risk Management (ARM) Definition:Certified Insurance Professional Definition:Mentoring programme Definition:Coaching Definition:Leadership development programme Definition:Graduate programme Definition:Internship Definition:Total compensation Definition:Base salary Definition:Variable pay Definition:Annual bonus Definition:Long-term incentive plan (LTIP) Definition:Deferred compensation Definition:Commission structure Definition:Profit-sharing plan Definition:Salary benchmarking Definition:Pay equity Definition:Gender pay gap reporting Definition:Employee benefit Definition:Group life insurance Definition:Group health insurance Definition:Income protection insurance Definition:Pension scheme (retirement plan) Definition:Defined benefit pension Definition:Defined contribution pension Definition:Employee assistance programme (EAP) Definition:Flexible benefit plan Definition:Employee engagement Definition:Employee retention Definition:Attrition rate Definition:Voluntary turnover Definition:Involuntary turnover Definition:Exit interview Definition:Employee satisfaction survey Definition:Pulse survey Definition:Absenteeism Definition:Presenteeism Definition:Wellbeing programme Definition:Diversity, equity, and inclusion (DEI) Definition:Equal opportunity employment Definition:Unconscious bias training Definition:Reasonable accommodation Definition:Whistleblowing policy Definition:Code of conduct Definition:Disciplinary procedure Definition:Grievance procedure Definition:Fit and proper assessment Definition:Background check Definition:Regulatory reference Definition:Human resource information system (HRIS) Definition:Payroll administration Definition:Time and attendance management Definition:Remote work policy Definition:Hybrid work model Definition:Flexible working arrangement Definition:Redundancy (layoff) Definition:Severance package Definition:Outplacement Definition:Collective bargaining Definition:Works council Definition:Employee representative Definition:Transfer of undertaking (TUPE) Definition:Change management Definition:Post-merger integration

Definition:Corporate governance Definition:Board of directors Definition:Non-executive director (NED) Definition:Independent non-executive director (INED) Definition:Executive director Definition:Chairperson Definition:Chief executive officer (CEO) Definition:Chief financial officer (CFO) Definition:Chief risk officer (CRO) Definition:Chief underwriting officer (CUO) Definition:Chief operating officer (COO) Definition:Chief compliance officer (CCO) Definition:Chief actuary Definition:Company secretary Definition:Board committee Definition:Audit committee Definition:Risk committee Definition:Remuneration committee Definition:Nomination committee Definition:Investment committee Definition:Underwriting committee Definition:Claims committee Definition:Reserving committee Definition:Board charter Definition:Terms of reference Definition:Delegation of authority (DoA) Definition:Authority matrix Definition:Fit and proper requirement Definition:Senior insurance manager regime (SIMR) Definition:Senior managers and certification regime (SM&CR) Definition:Approved person Definition:Key function holder Definition:Responsible person Definition:Three lines of defence model Definition:First line of defence Definition:Second line of defence Definition:Third line of defence Definition:Internal audit function Definition:Compliance function Definition:Risk management function Definition:Actuarial function Definition:Own risk and solvency assessment (ORSA) Definition:Solvency and financial condition report (SFCR) Definition:Regular supervisory report (RSR) Definition:Governance system Definition:Risk appetite statement Definition:Risk tolerance Definition:Risk appetite framework Definition:Risk register Definition:Risk owner Definition:Emerging risk Definition:Key risk indicator (KRI) Definition:Control environment Definition:Internal control framework Definition:Segregation of duties Definition:Policy framework Definition:Underwriting policy Definition:Claims management policy Definition:Reinsurance policy Definition:Investment policy Definition:Outsourcing policy Definition:Remuneration policy Definition:Conflicts of interest policy Definition:Related-party transaction policy Definition:Anti-money laundering policy (AML) Definition:Know your customer (KYC) Definition:Sanctions screening Definition:Counter-terrorism financing (CTF) Definition:Anti-bribery and corruption policy (ABC) Definition:Whistleblowing policy Definition:Code of conduct Definition:Ethics policy Definition:Data protection policy Definition:Information security policy Definition:Business continuity policy Definition:Incident management policy Definition:Regulatory reporting Definition:Prudential regulation Definition:Conduct regulation Definition:Insurance core principle (ICP) Definition:Proportionality principle Definition:Prudent person principle Definition:Group supervision Definition:Solo supervision Definition:Lead supervisor Definition:College of supervisors Definition:Regulatory capital requirement Definition:Material outsourcing arrangement Definition:Critical or important function Definition:Outsourcing oversight Definition:Third-party governance Definition:Board effectiveness review Definition:Governance map Definition:Management information (MI) Definition:Board reporting pack Definition:Attestation Definition:Fiduciary duty Definition:Duty of care Definition:Duty of loyalty Definition:Policyholder protection Definition:Treating customers fairly (TCF) Definition:Product oversight and governance (POG) Definition:Target market assessment Definition:Conduct risk Definition:Culture and conduct framework

Definition:Insurance group Definition:Parent company Definition:Holding company Definition:Intermediate holding company Definition:Subsidiary Definition:Wholly owned subsidiary Definition:Affiliate Definition:Associated company Definition:Joint venture Definition:Special purpose vehicle (SPV) Definition:Special purpose insurer (SPI) Definition:Insurance-linked securities vehicle (ILS vehicle) Definition:Protected cell company (PCC) Definition:Incorporated cell company (ICC) Definition:Segregated account company Definition:Mutual insurance company Definition:Stock insurance company Definition:Proprietary company Definition:Demutualisation Definition:Mutualisation Definition:Cooperative insurer Definition:Reciprocal exchange Definition:Lloyd's of London Definition:Lloyd's syndicate Definition:Lloyd's managing agent Definition:Lloyd's member Definition:Corporate member Definition:Name (Lloyd's) Definition:Captive insurance company Definition:Single-parent captive Definition:Group captive Definition:Rent-a-captive Definition:Risk retention group (RRG) Definition:Reinsurance company Definition:Composite insurer Definition:Mono-line insurer Definition:Life insurance company Definition:Non-life insurance company (general insurer) Definition:Health insurance company Definition:Takaful operator Definition:Bancassurance entity Definition:Insurance intermediary Definition:Insurance broker Definition:Managing general agent (MGA) Definition:Managing general underwriter (MGU) Definition:Delegated underwriting authority (DUA) Definition:Coverholder Definition:Third-party administrator (TPA) Definition:Claims management company Definition:Loss adjusting firm Definition:Actuarial consultancy Definition:Run-off company Definition:Legacy vehicle Definition:Fronting company Definition:Admitted insurer Definition:Non-admitted insurer (surplus lines insurer) Definition:Excess lines insurer Definition:Authorised insurer Definition:Regulated entity Definition:Licensed entity Definition:Branch office Definition:Representative office Definition:Freedom of services (FOS) Definition:Freedom of establishment (FOE) Definition:Passporting Definition:Domicile Definition:Jurisdiction of incorporation Definition:Onshore entity Definition:Offshore entity Definition:Redomiciliation Definition:Corporate reorganisation Definition:Part VII transfer Definition:Portfolio transfer Definition:Loss portfolio transfer (LPT) Definition:Scheme of arrangement Definition:Merger Definition:Acquisition Definition:Demerger Definition:Spin-off Definition:Carve-out Definition:Management buyout (MBO) Definition:Initial public offering (IPO) Definition:Private equity-backed insurer Definition:Shareholders' agreement Definition:Articles of association (bylaws) Definition:Memorandum of association Definition:Certificate of incorporation Definition:Registered office Definition:Legal entity identifier (LEI) Definition:Group structure chart Definition:Ultimate beneficial owner (UBO) Definition:Controlling shareholder Definition:Minority shareholder Definition:Qualified holding Definition:Change of control Definition:Regulatory approval for acquisition Definition:Intragroup transaction Definition:Intragroup reinsurance Definition:Transfer pricing arrangement Definition:Service level agreement (SLA) Definition:Shared services centre Definition:Centre of excellence (CoE) Definition:Outsourcing arrangement Definition:Group solvency Definition:Solo entity solvency

Definition:Market competition Definition:Competitive landscape Definition:Market share Definition:Market concentration Definition:Herfindahl–Hirschman index (HHI) Definition:Concentration ratio Definition:Barrier to entry Definition:Barrier to exit Definition:Market entry strategy Definition:New market entrant Definition:Incumbent insurer Definition:Market disruption Definition:Insurtech competitor Definition:Digital-native insurer Definition:Greenfield operation Definition:Competitive advantage Definition:Sustainable competitive advantage Definition:Cost leadership Definition:Differentiation strategy Definition:Niche market strategy Definition:Focus strategy Definition:Price competition Definition:Rate adequacy Definition:Premium rate Definition:Rate cutting Definition:Soft market Definition:Hard market Definition:Underwriting cycle Definition:Market cycle Definition:Capacity constraint Definition:Market capacity Definition:Excess capacity Definition:Capital deployment Definition:Alternative capital Definition:Insurance-linked security (ILS) Definition:Catastrophe bond (cat bond) Definition:Convergence capital Definition:Competitive intelligence Definition:Market analysis Definition:Peer group benchmarking Definition:Competitor profiling Definition:SWOT analysis Definition:Porter's five forces Definition:Value chain analysis Definition:Market positioning Definition:Brand equity Definition:Customer acquisition cost (CAC) Definition:Customer lifetime value (CLV) Definition:Customer retention rate Definition:Policyholder loyalty Definition:Switching cost Definition:Multi-channel distribution Definition:Direct-to-consumer channel (D2C) Definition:Broker market Definition:Aggregator platform Definition:Comparison website Definition:Digital distribution Definition:Embedded insurance Definition:Open insurance Definition:Application programming interface economy (API economy) Definition:Platform business model Definition:Ecosystem strategy Definition:Partnership model Definition:White-label product Definition:Affinity group scheme Definition:Bancassurance Definition:Product innovation Definition:Speed to market Definition:Parametric product Definition:On-demand insurance Definition:Usage-based insurance (UBI) Definition:Microinsurance Definition:Peer-to-peer insurance (P2P) Definition:Antitrust law (competition law) Definition:Anti-competitive agreement Definition:Cartel Definition:Price fixing Definition:Bid rigging Definition:Market allocation Definition:Abuse of dominant position Definition:Market dominance Definition:Monopoly Definition:Oligopoly Definition:Merger control Definition:Merger notification threshold Definition:Competition authority Definition:Market investigation Definition:Sector inquiry Definition:Remedies package Definition:Behavioural remedy Definition:Structural remedy Definition:Block exemption Definition:Insurance block exemption regulation (IBER) Definition:Information exchange agreement Definition:Joint underwriting arrangement Definition:Co-insurance pool Definition:Market study Definition:Consumer outcome Definition:Value for money assessment Definition:Loss ratio benchmark Definition:Expense ratio benchmark Definition:Market exit Definition:Solvent scheme of arrangement