Life insurance

Life insurance

Contributors in Life insurance

Life insurance

Management of the pure risks to which a company might be subject. It involves analyzing all exposures to the possibility of loss and determining how to handle these exposures through practices such ...

premium balances

Insurance; Life insurance

Premiums and agents' balances in course of collection; premiums, agents' balances and installments booked but deferred and not yet due; bills receivable, taken for premiums and accrued retrospective ...

risk retention groups

Insurance; Life insurance

Liability insurance companies owned by their policyholders. Membership is limited to people in the same business or activity, which exposes them to similar liability risks. The purpose is to assume ...

premium earned

Insurance; Life insurance

The amount of the premium that as been paid for in advance that has been "earned" by virtue of the fact that time has passed without claim. A three-year policy that has been paid in advance and is ...

secondary market

Insurance; Life insurance

The secondary market is populated by buyers willing to pay what they determine to be fair market value.

premium to surplus ratio

Insurance; Life insurance

This ratio is designed to measure the ability of the insurer to absorb above-average losses and the insurer's financial strength. The ratio is computed by dividing net premiums written by surplus. An ...