General insurance

General insurance

For general insurance terms which do not fit under any other category.

Contributors in General insurance

General insurance

Definition: Finite risk insurance is a risk transfer mechanism adopted by an entity wherein the insurer assumes a part of the specified risks related to investment, credit, timing etc of the insured. ...

Cede Or Ceding Company

Insurance; General insurance

Definition: Ceding company is an insurance company that transfers the insurance portfolio to a reinsurer. The insurer however is liable to pay the claims in the event of default by the reinsurer. ...

Insurance Advisor

Insurance; General insurance

Definition: A professional who provides specialized guidance and advice for investment in various insurance schemes is an insurance advisor or insurance consultant. Description: There is a ...

Investment Risk

Insurance; General insurance

Definition: Investment risk can be defined as the probability or likelihood of occurrence of losses relative to the expected return on any particular investment. Description: Stating simply, it is ...

Fire And Special Perils Policy

Insurance; General insurance

Definition: Fire and special perils policy is an insurance contract that safeguards the insured against unforeseen contingency caused by accidental fire, lightning, explosion/implosion, destruction ...

Group Policy

Insurance; General insurance

Definition: Group policy provides coverage to a group of people which can be a professional group like employee-employer group or an informal group. Description: Group policy provides coverage at ...

Incurred But Not Reported Reserves

Insurance; General insurance

Definition: The IBNR, which is the abbreviated form of incurred but not reported reserves (IBNR), are the reserves for claims that become due with the occurrence of the events covered under the ...