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Accounting
Banking

Pure Cost

The actual or expected cost that an insurer would incur as indemnity payments and allocated loss adjustment expenses (or the...

Pure Premium

The actual or expected cost that an insurer would incur as indemnity payments and allocated loss adjustment expenses (or the...

Wrap

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

Credit Wrap

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

Monoline Insurance Policy

An insurance policy that covers only one specific type of risk (insurance risk). Examples of a monoline insurance policy include...

Monoline Policy

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

Monoline Derivative

A derivative with a monoline insurer- i.e., an insurer that is specialized in a single line of insurance (a monoline)....

ALAE

It stands for allocated loss adjustment expenses; as an item, it is part of loss adjustment expenses (LAEs). It constitutes...

Allocated Loss Adjustment Expenses

As an item, it is part of loss adjustment expenses (LAEs). It constitutes expenses that are directly attributed and allocated...

Antiselection

The increasing tendency of persons with an above average likelihood of loss, or propensity to incur damages, to buy or...