#Share synonym series
Term used for statistical recording purposes to refer to a single incident or a series of closely related incidents causing severe insured property losses totaling more than a given amount, currently $25 million (per the Insurance Information Institute, iii.org).
A case manager coordinates health care delivery for patients. It is the standard measurement for automobile insuranceĪ system of coordinating medical services to treat a patient, improve care, and reduce cost. A form of self-insurance.Įqual to 365 days of insured coverage for a single vehicle. Insurers that are created and wholly-owned by one or more non-insurers, to provide owners with coverage. The markets in which equities and debt are traded.Ī person who represents only one insurance company and is restricted by agreement from submitting business to any other company, unless it is first rejected by the agent’s captive company A company underwriting medical device manufacturers needs a larger cushion of capital than a company writing Main Street business, for example. Capital adequacy is linked to the riskiness of an insurer’s business. There is no general measure of capital adequacy for property/casualty insurers. Shareholder’s equity (for publicly-traded insurance companies) and retained earnings (for mutual insurance companies). Policyholder surplus is sometimes used as a measure of capacity. As premiums decline, underwriting losses are likely to grow, reducing capacity and causing insurers to raise rates and tighten conditions and limits in an effort to increase profitability. When there is excess capacity, usually because of a high return on investments, premiums tend to decline as insurers compete for market share. It can be restored by increases in net income, favorable investment returns, reinsuring more risk and or raising additional capital. When the industry is hit by high losses, such as after the World Trade Center terrorist attack, capacity is diminished. The adequacy of an insurer’s capital relative to its exposure to loss is an important measure of solvency.Ī property/casualty insurer must maintain a certain level of capital and policyholder surplus to underwrite risks. For an individual insurer, the maximum amount of risk it can underwrite based on its financial condition. Capacity depends on the industry’s financial ability to accept risk. The supply of insurance available to meet demand.
#Share synonym full
Owners can claim full liquidity at any time. Contact Lytespeed Learning today to learn more.Ī form of variable annuity contract where the contract holder pays no sales up front or surrender charges. If available, some optional coverages and benefits might be offered at an additional charge. About 230 people have been killed in those compounds.Home > Glossary > C Insurance Glossary Insurance terms and definitions from Lytespeed Learning.Ĭoverages and benefits listed below may not be available in your state. This year, there have been revolts in the country’s prisons due to drug violence, especially in Guayaquil, which have ended in massacres by inmates of rival gangs linked to Mexican drug cartels. This month, Lasso decreed a state of emergency to confront drug trafficking and other crimes in Ecuador, saying the military and police will take to the streets to provide security. Guayaquil and other parts of Ecuador have been struggling with high levels of crime. His loss leaves us with pain in our chests.” “Álex Quiñónez was the synonym of humility and a clear example of resilience. “I don’t have words to express the sadness, helplessness and indignation that is overwhelming me,” wrote Sotomayor, who was formerly Minister of Sport. Quiñónez won bronze in the 200 at the 2019 world championship in Doha.Īndrea Sotomayor, the secretary general of the Ecuadorian Olympic Committee, expressed her sorrow and outrage on Twitter, decrying “so much evil.” It said the circumstances of his death “have not yet been clarified.” Quiñónez’s death was also confirmed by the Ecuadorian Olympic Committee Olympic Committee in a statement on Saturday.
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