Insurance
111Insurance Underwriter — A financial professional that evaluates the risks of insuring a particular person or asset and uses that information to set premium pricing for insurance policies. Insurance underwriters are employed by insurance companies to help price life… …
112insurance agent — The insurance company representative and adviser who sells insurance policies. Bloomberg Financial Dictionary * * * insurance agent insurance agent ➔ agent * * * insurance agent UK US noun [C] ► INSURANCE a person or company who gives advice… …
113Insurance score — An insurance score is a numerical ranking of a potential insured s financial status (usually credit history). Actuaries use these scores to determine risk, and charge premiums based on that risk.Potential insureds who have low insurance scores… …
114Insurance and Pensions Authority (Isle of Man) — The Insurance and Pensions Authority ( gv. Lught reill Urryssaght as Penshynyn) or IPA is the statutory body responsible for the regulation and supervision of pensions and insurance businesses operated in or from the Isle of Man.HistoryIt was… …
115Insurance Trust — An irrevocable trust set up with a life insurance policy as the asset, allowing the grantor of the policy to exempt asset away from his or her taxable estate. Once the life insurance policy is placed in the trust, the insured person no longer… …
116insurance broker — A broker, independent of any insurance company, who represents the interests of the buyer in searching for insurance coverage at the lowest cost and providing the highest benefit to the buyer. Bloomberg Financial Dictionary * * * insurance broker …
117Insurance Derivative — A financial instrument that derives its value from an underlying insurance index or the characteristics of an event related to insurance. Insurance derivatives are useful for insurance companies that want to hedge their exposure to catastrophic… …
118Insurance Proceeds — The benefit proceeds paid out by any type of insurance policy as a result of a claim. Insurance proceeds are paid out once a claim has been verified, and financially indemnify the insured for a loss that is covered under the policy. Insurance… …
119insurance premium — Payments calculated by the insurance company based on risk factors that must be made by the insured to guarantee protection of property loss under an insurance policy. Bloomberg Financial Dictionary * * * insurance premium insurance premium ➔… …
120insurance agent — A person expressly or impliedly authorized by an insurance company to represent it in dealing with third persons in matters relating to insurance. 29 Am J Rev ed Ins § 135. One who represents an insurance company as a solicitor of business or as… …
