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 life insurance policy provision which allows the policyholder to apply the accumulated cash value, as a single premium payment,...

A fact that if known (made known) or ignored (concealed) would impact the judgment of an underwriter as to multiple...

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

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

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

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

Arabic (تكافل) for an Islamic concept and practice which draws its basics and rules from the two supreme sources of...

It is simply a “takaful of takaful” (insuring a takaful provider, per se, with takaful). It is the Islamic alternative...