Life insurance

Life insurance

Industry: Insurance

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Life insurance

balance sheet

Insurance; Life insurance

An accounting term referring to a listing of a company's assets, liabilities and surplus as of a specific date.

In health insurance, the number of days for which benefits are paid to the named insured and his or her dependents. For example, the number of days that benefits are calculated for a calendar year ...

best's capital adequacy relativity (BCAR)

Insurance; Life insurance

This percentage measures a company's relative capital strength compared to its industry peer composite. A company's BCAR, which is an important component in determining the appropriateness of its ...

broker

Insurance; Life insurance

Insurance salesperson that searches for clients in the marketplace of internet, not insurance companies.

broker-agent

Insurance; Life insurance

Independent insurance salesperson who represents particular insurers but also might function as a broker by searching the entire insurance market to place an applicant's coverage to maximize ...

business net retention

Insurance; Life insurance

This item represents the percentage of a company's gross writings that are retained for its own account. Gross writings are the sum of direct writings and assumed writings. This measure excludes ...

capital

Insurance; Life insurance

Equity of shareholders of a stock insurance company. The company's capital and surplus are measured by the difference between its assets minus its liabilities. This value protects the interests of ...