Insurance Institute Glossary Of Terms
There is also a comprehensive glossary of insurance and risk management terms available from the international risk management institute.
Insurance institute glossary of terms. 3 key findings cyber risks 2019 cyber risks 2019. Glossary of reinsurance terms. This is a glossary of shipping terms and marine terminology as it pertains to marine insurance. The language of insurance can be quite complex and confusing.
The university of calgary s haskayne school of business hosts a useful glossary of risk management insurance terms. The information has been gathered from many sources believed to be reliable but the association assumes no responsibility for the accuracy of the information. 61 3 9613 7200 new zealand freecall 0800 103 675 or email us at email protected or purchase a copy of this book. Ex gratia payment any payment made by an insurance company that is outside the terms of the policy.
Exclusion a risk or item specifically not covered by a policy. Below are some commonly used insurance terms and their meanings. Glossary of reinsurance terms is an easy to read quick reference guide which will help you gain a grasp on some of those trickier reinsurance terms. Contact our customer service team.
Insurance and risk management terms. There are approximately 1 700 terms in this edition and it s an invaluable resource for your insurance education and professional development. The definitions in this glossary are developed by the naic research and actuarial department staff based on various insurance references. An asset in insurance terms is something with monetary value that is covered by an insurance policy such as a car or a property.
12222 merit drive suite 1600 dallas tx 75251 2266. Our new report analyses the risks in today s market and finds a threat an opportunity and an issue for the industry to address. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. This is the first amount of any insurance claim that the customer agrees to pay as part of the policy conditions the insurer pays the rest.
Two such glossaries are of particular use to visitors and customers of insurance canada ca. Insurance glossary free articles. Definitions provided by insurance bureau of canada are indicated with an asterisk. New terms will be added to the glossary over time.
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