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Loss reserves

and are an important factor in determining the company?s financial stability. The insurer's financial stability is influenced by the company's estimated amount for claims, which is regularly adjusted. These estimations are recorded as a liability on the balance sheet and play a crucial role in evaluating the company's overall performance. As changes in the market and other factors can impact the company's claim payments, these estimates require periodic reassessment. Such financial terms are essential in understanding the dynamics of the insurance industry and its impact on a company's financial health.

Affinity sales

Insurance can be sold through groups such as professional and business associations, providing coverage for members at a discounted rate. This method, known as group insuran...

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Reinsurance pool

Reinsurance is a crucial tool in the world of finance, particularly in the insurance industry. It allows for the transfer of risk from one insurer to another, providing a la...

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Participating Policy

A participating policy, often referred to as a with-profits or par policy, is a type of insurance policy that involves a higher premium compared to a non-participating polic...

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Collateral

Life insurance policy loans are a common financing option, where the policy acts as collateral. If the borrower defaults, the lender can only recover the amount equivalent t...

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