Someone who brings buyers and sellers of insurance together
intermediaries
2 of 18
A company owned by its shareholders who share company profits
proprietary
3 of 18
A company owned by the policyholders
mutual
4 of 18
Who insurance companies must be authorised by
pra
5 of 18
An insurance company which is established by a parent company or group which provides insurance primarily if not solely to the parent company
captiveinsurers
6 of 18
An insurance company who tend to only issue polices for one class of business
specialist
7 of 18
An insurance company which accepts serveral types of business
composite
8 of 18
The reinsurer for terrorism risks
thestate
9 of 18
Name for a Market Reform Contract at Lloyds
slip
10 of 18
Groups of private individuals or coporate member who actually carry the risks for LLoyds
syndicates
11 of 18
The complete and final agreement of all terms between the insured and insurers before inception
contractcertainty
12 of 18
Companies that are growing by the formal acquistion of others within the marketplace
consolidators
13 of 18
The arrangement between a bank and an insurance company whereby insurance products are sold to the banks customers, generally through its bank branches
bancassurance
14 of 18
Where some or all of a risk is passed onto one or more other insurers
reinsurance
15 of 18
An expert in processing claims from start to finish acting for the insurer
lossadjusters
16 of 18
An expert in dealing with insurance claims acting for the policyhpholder
lossassessors
17 of 18
Someone who applies probability and statistical theory to problems of insurance, investment, financial and risk management and demography
actuary
18 of 18
Other cards in this set
Card 2
Front
Someone who brings buyers and sellers of insurance together
Back
intermediaries
Card 3
Front
A company owned by its shareholders who share company profits
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