All the glossaryGlossary

Insurance

The foundations of the insurance contract and its technique: risk pooling, covers, trigger bases, operating ratios, and the words every other category assumes are already known.

73 terms
Affirmative cyberAggregateAggregate limitAgreed valueAttritional lossesBarnier Fund (France)Bodily injuryBusiness interruptionClaims-made and occurrence basisClay shrink-swell subsidenceClimate transition riskCoinsuranceCombined ratioConsorcio de Compensación de Seguros (Spain)Contingent business interruption (CBI)DeductibleDelegated underwriting authority (MGA, binder)DepreciationDirectors' and officers' liability insurance (D&O)Duty of disclosureExclusion clauseExport credit insuranceExtended reporting periodFAIR PlanFinancial linesFlood Re (United Kingdom)French CatNat scheme (natural disaster compensation)Fundamental riskGAREATIBNR claims (Incurred But Not Reported)Indemnity principleIndex-based insuranceInherent viceInsurable interestInsurance fraudInsurance tower (layered program)Joint War CommitteeKey personLifetime annuityLoss ratioManaging agentMarine salvageNational Flood Insurance Program (NFIP)Natural hazard insurance (Germany)No cure, no payNuclear verdictPhysical damage trigger (contingent business interruption)Pool ReProbable Maximum Loss (PML)Professional liability insuranceProtection gapPublic backstopReputational riskRetroactive dateRisk pooling (mutualization)Silent solarSocial inflationStand-alone policySub-limitSubrogationTelematicsTerrorism Risk Insurance Act (TRIA)UnderwritingUnit-linked contractsUniversal life insuranceUsage-based insuranceUtmost good faith (uberrima fides)Variable annuity with guarantees (GMxB)Waiting periodWar exclusionWar exclusion clause (LMA)War risk premiumWrite-back
Other categories
CyberReinsuranceActuarial scienceAILaw & regulationFinanceMarketsSpecial risksSustainable insuranceInfrastructure & data centersSpace risksAlternative risk transferTransportLife & protectionClaims & settlement