Filter by Categories
Accounting
Banking

Floater

A form of property insurance that covers movables or mobile items- i.e., items that are moved from a place to...

Insurance Adjustment

The determination of the amount due for payment under a policy of insurance. Insurance adjustment denotes the determination of the...

Adjustment

The determination of the amount due for payment under a policy of insurance. Insurance adjustment denotes the determination of the...

Underwriting Cycle

In relation to underwriting in insurance, it is the successive up- and-down pattern that characterizes the property and casualty (P&C)...

Qualifying Insurance Policy

In accounting, it is an insurance policy is issued by an insurance firm not related (i.e., not a related party)...

Underwriting Discipline

In connection with underwriting in insurance, it is the process undertaken by an insurer whereby it properly evaluates the risk...

Insurability

The possibility, ability, and readiness of an insurance firm (insurer) to insure (provide insurance coverage to) a particular type of...

Fulfillment Cash Flows

According to international accounting standards, this refers to the risk-adjusted present value of an insurer's rights on and obligations to...

FCF

It stands for fulfillment cash flows; according to international accounting standards, this refers to the risk-adjusted present value of an...

Onerous Contract

An insurance contract is deemed to be onerous (loss-laden or loss-making) at initial recognition when the net cash flows associated...