the table of discounts and increases used by a given insurer which are related to the previous claim history of the client; to put it simply, the table of discounts for claim-free periods and increases for claims in the recent […]
capital required for the insurer to pursue safe insurance activity, calculated by taking into account the specifics and weight of the risks which are taken by that insurer.
third party liability insurance applicable to actions of members of governing bodies of organisations, usually joint stock companies (but more and more often also local governments); D&O insurance should be taken out by members of management and supervisory boards, commercial […]
the person who enters into an insurance agreement for his/her own or somebody else’s account, the policyholder undertakes in the insurance agreement to pay the insurance premium.
an insurer’s employee responsible for the individual risk assessment and the determination of insurance premiums corresponding to the peril covered by the insurer. Underwriters work for large medium and non-standards risks, where, apart from the actuarial determination of rates, individual […]
an insurance product from autocasco insurance group with a limited scope of cover as compared to full autocasco cover; limitations, depending on the insurer, may be introduced in respect to the scope of cover, way of loss, adjustment and settlement […]
is the life insurance premium paid periodically; it is usually applied in the agreements with a long period of coverage.
life insurance premium to be paid once for the whole period of coverage; it is applied e.g. with unit-linked products.
it is a minimum guarantee sum in compulsory insurance which allows the requirements imposed by such compulsory insurance to be complied with.
a target fund created by insurers for the financing of prevention-oriented activities; prevention fund can be created as a cost of insurer up to the amount of 1 per cent of premium written net of reinsurance.