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Rate Making

The process whereby an insurer (insurance company) determines premium rates in a level adequate to cover and account for expected...

ROL

It stands for rate on line; a measure of an insurance or reinsurance company's gross profitability, which relates insurance premiums...

Rate on Line

A measure of an insurance or reinsurance company's gross profitability, which relates insurance premiums to the line (line amount: insurance...

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...