An insurance contract that involves direct participation of policyholders whereby they are allowed to share in the profits in the...

An amount (of costs) that is charged at the beginning of an insurance policy rather than in smaller amounts spread...

A rating method in insurance that takes into consideration, for establishing a basis of comparability, the amount of loss experienced...

Broadly, it constitutes a change in considerations or benefits under an insurance contract that are applicable to all relevant risk...

A situation where most of the management fees/ charges/ commissions (for underwriting, brokerage, and marketing, etc.) arising in connection with...

A contract under which an insurance provider (the issuer/ insurance company) accepts significant insurance risks from, and to the benefit...