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C
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E
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M
N
O
P
Q
R
S
T
U
V
W
X
Y
A
A&H
AAD
accident year
accidental death
accounts receivable insurance
acquisition costs
actual cash value
ACV
AD
advanced approach
advanced loss of profits insurance
advanced measurement approach
adverse selection
agent of record
aggregate deductible
aggregate excess of loss reinsurance
aggregate stress testing
agreed value
ALAE
all risk policy
allocated loss adjustment expenses
allocation
ALOP
alternative risk transfer
alternative standardised approach
AMA
amount subject
annual aggregate deductible
annually renewable term
aoa
aol
AP
ART
assigned risk
assigned risk plan
automatic acquisition clause
average clause
AY
B
B&C
B&M
back-up cover
banker's blanket bond, BBB
base premium
basic indicator approach
BCP
BI
bi-lateral discovery
BIA
binder
binding authority
blanket policy
bodily injury
boiler & machinery insurance
BOP
BOW
breach of warranty clause
building ordinance insurance
burning cost
burning ratio
business continuity planning
business interruption insurance
business owners policy
C
capacity
CAR
care, custody and control
carve-back
cash call
cash in transit insurance
casualty insurance
CAT XL
catastrophe bonds - CAT bonds
catastrophe options
catastrophe reinsurance
CBI
CCC
CDO
CGL
CI
CIT
claims co-operation clause
claims control clause
claims equalisation reserve
claims frequency
claims made policy
claims reserves
claims severity
clash cover
CLN
closely-held exclusion
co-insurance
co-insurance deficiency coverage
COC
coded excess of loss
COLI
collaterised debt obligations
combined ratio
combined single limit
commercial crime insurance
commercial general liability insurance
compensatory damages
completed operations liability
compliance
compliance risk
concurrent causation
confidential life insurance
conflagration
consent to settlement clause
consequential loss
constructive total loss
contingent business interruption
contingent capital
contingent commission
contingent extra expenses
contingent surplus notes
continuity date
continuous insurance
continuous loss
contractors plant and equipment insurance
contractors´ all risks insurance
contribution clause
control of well insurance
COPE
corporate owned life insurance
cost of control
cost of reproduction new
COW
CPE
CPM
credit derivatives
credit insurance
credit swap
credit-linked note
creditor insurance
crisis management coverage
critical illness
CRN
cross liability
CRT
CSL
CTC
CTL
cumulative liability
cut-off cancellation
cut-through clause
D
3-D Insurance
DAC
day one value
decennial insurance
declaration page
deductible
deductible buyback
deferred acquisition costs
delay in start-up coverage
deposit premium
desk quote
deterioration of stocks
DIC
difference in conditions insurance
difference in limits insurance
DIL
directors' and officers' liability insurance, D&O
discontinuance rate
discovery period
discovery provision
discretionary credit limit, DCL
dishonesty, disappearance, destruction insurance, DDD
dividend ratio
DOS
double-up
drop down clause
DSU
duration
E
EAD
EAP
EAR
earned exposure
earned premium
ECO
ECV
eel
effective maturity
EIL
EML
employment practices liability insurance
endorsement
entity cover
environmental impairment liability
EP curve
EPI
EPL
EQ
equalisation reserve
erection all risks insurance
ERISA fiduciary liability insurance
ERP
errors & omissions clause
errors & omissions insurance, E&O
escape other insurance clause
estimated maximum loss
estimated premium income
ex gratia
excess
excess of loss reinsurance
excess other insurance clause
exclusion
exemplary damages
expediting expenses
expense ratio
exposure
exposure at default
exposure base
exposure theory
extended reporting period
extra contractual obligations
extra expenses insurance
F
failure to maintain insurance exclusion
fair maket value
FCV
FF
FGU
fidelity insurance
fiduciary duty
fiduciary liability insurance
financial loss
finite risk insurance
fire following
firm order
first dollar insurance
first loss insurance
flat deductible
flat premium / commission
floater
FMV
follow the fortunes
follow the settlements
forced placed insurance
foundation approach
franchise deductible
from the ground up
full reinsurance clause
functional replacement value
G
GAP
general agent
general insurance
GPW
gross premium written
guaranteed asset protection
H
H&M
hazard
held covered clause
highly protected risk
hold harmless agreement
holistic risk
hostile takeover exclusion
hours clause
HPR
hull
hull and machinery insurance
I
IBNR
ICOW
ICW
IDI
iherent defects insurance
in-force exposure
income protection insurance - IPI
increased costs of working insurance
increased value insurance
incurred but not reported claim reserve
incurred claims
indemnity concept
indication
indirect loss
inflation guard
injury-in-fact theory
insider trading exclusion
insolvency / bankruptcy exclusion
insurance premium tax
insured vs insured exclusion
insuring clause
internal models method
internal ratings-based approach (IRB)
IPT
IRB
IV
J
janitors' insurance
K
key person insurance
key risk indicator - KRI
L
L/U
LAE
lapse ratio
latent defects insurance
LD
LE
leading underwriter
leasehold interest insurance
leasehold title insurance
lender liability
letter of release
LFHI events
LGD
life insurance
life settlement
line slip
line to stand
liquidated damages
liquor liability insurance
Lloyd's proportional reinsurance policy - J2 form
LOD
LOL
long tail risks
long term care insurance
LORA
loss adjustment expenses
loss exceedance probability
loss expectancy
loss frequency
loss given default
loss of attraction
loss of licence insurance
loss of rent (rental income) insurance
loss of use insurance
loss on line
loss portfolio transfer
loss ratio
loss reserves
loss severity
losses occuring during basis
losses occuring risks attaching basis
lost instrument bond
LPT
LSW
LTA
LTC
M
machinery breakdown insurance
machinery loss of profit insurance
major shareholder exclusion
managing agent
managing general agent - MGA
manifestation theory
maximum forseeable loss
maximum loss
maximum possible loss
MB
MD
medical malpractice insurance
MFL
minimum and deposit premium, MDP
MLOP
modified duration
mortgage impairment insurance
mortgage indemnity insurance
mortgage insurance
mortgage title insurance
MPL
multiple trigger theory
N
named perils policy
NBI
NBV
NCAD
NCG
NEP
NEREC
net book value
net earned premium
net premium written
NLE
NMA
no-fault insurance
non-admitted insurance
non-binding indication
normal loss expectancy
notice of cancellation at due date
notice of occurrence
notice-prejudice rule
NPW
O
occurence basis
occurrence policy
OCR - outstanding claims reserve
OEE
offset clause
operative clause
operator's extra expenses
order
ordinance or law
other insurance clause
outside directorship liability insurance, ODL
outside position liability insurance, OPL
overrider
overriding commission
owners title insurance
P
P&C
P&I
paid claims
payment protection insurance
PD
PDR
per risk XL
percentage of value deductible
peril
permanent life insurance
permanent partial disability
personal injury
personal injury protection
personal producing general agent - PPGA
pfd
PI
PIP
PMI
PML
PML-miscalculation cover
policy
policy acquisition costs
policy jacket
POSI
PPD
PPI
premium deficiency reserve
premium indication
premium retention rate
premium to surplus (P/S) ratio
preset allocation
prior act coverage
prior and pending litigation exclusion
private mortgage insurance
probability of default (PD)
probable maximum loss
producer
product liability insurance
product recall insurance
professional indemnity insurance
professional liability insurance
profit commission
property damage
property insurance
proposal form
Protection and Indemnity
provisional premium
proximate cause
public offering of securities insurance
punitive damages
pure financial loss
pure loss cost
pure premium
Q
qualification period
quota share reinsurance
R
rate on line
RCN
RDS
realistic disaster scenario
recovery
regulatory proceedings
reinstatement
reinstatement premium cover
reinsurance agreement
reinsurance recoverable asset
release
removal of debris
rental value insurance
replacement cost new
replacement value
representation
residual disability benefit
residual markets
residual value insurance
restatement exclusion
retention waiver
retro
retro-rated policy
retroactive date
rider
risk attaching basis
risk components
risk retention groups - RRG
ROD
ROL
RRA
run off cover
run-off cancellation
RVI
S
S&P
SA
schedule
securities offering exclusion
seepage and pollution
self insured retention
self-insurance
sensitivity
sensitivity test
settlement ("hammer") clause
severability
several liability
short tail risks
signed line
signing down
signing schedule
simple sensitivity test
SIR
SL
sliding scale commission
slip
SMPI
SNKORL
soft hammer clause
SOV
special acceptance
special form
specialised lending
specie
spiraling
SRCC
standardised approach
standing charges
stated value
statement of values
statutory liability insurance
stop loss reinsurance
stress testing
subject matter premium
subject premium
suppliers and customers extension
suppliers extension
surety
surety bond
surplus
surplus line
surplus reinsurance
T
T&D
T3
tail coverage
TBA
TBE
TCV
tenants improvements insurance
term life insurance
third party administrator
time and distance reinsurance
time element insurance
title insurance
TL
TLO
to be entered
to stand
total loss
total loss only
total permanent disability
total sum insured
total temporary disability
TPA
TPD
transmission and distribution
treaty reinsurance
TRIA - Terrorism Risk Insurance Act 2002
trigger theories
TSI
TTD
two risks warranty
U
UEPR
UL
ULAE
ultimate net loss
ultimate net loss clause
umbrella policy
UMR
unallocated loss adjustment expenses
underlying premium
underwriting agent
underwriting year
unearned premium reserve
unexpired risk reserve
unilateral discovery
unique market reference
universal life insurance
UNL
UPR
utmost good faith
V
valuable papers and records insurance
valued policy
valued policy law
variable life insurance
viatical settlement
W
wage and hour insurance
waiting period
waiver
waiver of recourse
waiver of subrogation rights
warranty
weather derivatives
whole life insurance
without prejudice settlement
WNKORL
wording
workers compensation insurance - WC insurance
working excess of loss
working layer
worst case scenario
written exposure
written line
WW
X
XCO
XL
xol
XPL
Y
yearly renewable term
YRT
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