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

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

A type of reserve that an insurance company (insurer) is required to create as a cushion against losses (generally, fluctuations)...

In insurance and insurance accounting, granularity reflects the level of detail at which an actuary makes estimates (specifically, in relation...

The amount that an insured has to pay towards making a claim. The policy excess is clearly set out in...

The amount that an insured has to pay towards making a claim. The policy excess is clearly set out in...

The interest amount that is credited to the insurance policy account of an insured over and above the minimum amount...

A type of insurance policy under which the insured receives a certain percent of the death benefit (usually 25%) on…

In contract law, it is an agreement to an offer. Both offer and acceptance are essential for contract formation. For…

Pro rata is Latin for proportionate allocation; in insurance, pro rata involves the process of determining the amount of premium...