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

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

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

It stands for contractual service margin; the unearned profit that an insurance firm expects to earn from the services it...

The unearned profit that an insurance firm expects to earn from the services it provides. Many insurance firms usually recognize...

A form of financial guarantee insurance that does not cover all debts/ obligations of an insured- borrower but only a...

An insurance coverage (a policy) that is contingent on the absence or unavailability of other insurance. In other words, the...

A situation that arises when the sum insured on an insurance policy — that is, the maximum coverage amount for...

Determination of the amount to be paid against a claim in the case the amount or sum insured is undervalued...

In principle, a cliquet option/ ladder option (ratchet option) is an option (or a warrant, index-linked note) that subjects its...