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Adverse Selection Premium

The additional amount (charge/ surcharge) for an insurance policy or similar contract (credit derivative contract) that arises from situations of...

Insurance Premium

In relation to an insurance contract, it is the amount of money that an individual or business (known as policyholders/...

Premium

In relation to an insurance contract, it is the amount of money that an individual or business (known as policyholders/...

Loss Costs

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

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...

PDR

It stands for premium deficiency reserve; an amount (provision or reserve) that an insurance company sets aside, on its the...

Premium Deficiency Reserve

An amount (provision or reserve) that an insurance company sets aside, on its the balance sheet, in addition to unearned...

GLP

It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...

Guideline Level Premium

With respect to life insurance (particularly universal life insurance), it is the level annual amount that would be required on...