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Adverse Selection Premium

The additional amount (charge/ surcharge) for an insurance policy or similar contract (credit derivative contract) that arises from situations of...

Financial Guarantee Insurance

A type of insurance that provides protection (to the holder of a financial obligation) against financial loss arising from default...

Stand-alone Insurance Policy

An insurance policy that covers only one specific type of risk (insurance risk). Examples of a stand-alone policy include life...

Monoline

An entity that specializes in providing insurance (credit protection) against the notional (principal) and interest cash flows that fall due...

Monoline Insurer

An entity that specializes in providing insurance (credit protection) against the notional (principal) and interest cash flows that fall due...

Future Profit in an Insurance Contract

The insurance service result which represents the profit earned from providing insurance coverage. It is the excess of the insurance...

Ceding Company

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Reinsured

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Cedent

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...

Cedant

The policyholder under a reinsurance contract. It is an insurance firm that partially or wholly transfers the risk it has...