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A Lloyd's member is an individual who invests in and underwrites risks through a Lloyd's association. In simpler terms, they are both an investor and an underwriter. This means that they contribute capital towards insuring potential risks and also have the authority to accept or decline insurance policies. In the world of finance, a Lloyd's member plays a crucial role in the insurance industry, utilizing their knowledge and expertise to make informed decisions.

Estate taxes

In finance, we often encounter the term "property taxes." This refers to the taxes paid by the policyholder on their fixed assets, such as buildings, land, plant and machine...

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Book of business

Insurance companies must have a substantial amount of capital to cover potential claims from policyholders. This is known as the insurer's book value or total amount of insu...

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Physical hazard

When we talk about material characteristics, we're referring to the properties of an object that can affect its behavior or impact its surroundings. For example, a wet or ic...

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Risk retention

Risk management involves making strategic decisions on how to handle risk. One approach is to bear the consequences of risk, rather than trying to avoid or transfer it. This...

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