Life insurance

Life insurance

Contributors in Life insurance

Life insurance

An event that results in an insured loss. In some lines of business, such as liability, an occurrence is distinguished from accident in that the loss doesn't have to be sudden and fortuitous and can ...

Pretax return on revenue

Insurance; Life insurance

A measure of a company's operating profitability and is calculated by dividing pretax operating earnings by net premiums earned.

Noncancellable

Insurance; Life insurance

Contract terms, including costs that can never be changed.

Pretax operating income

Insurance; Life insurance

Pretax operating earnings before any capital gains generated from underwriting, investment and other miscellaneous operating sources.

Participation rate

Insurance; Life insurance

In equity-indexed annuities, a participation rate determines how much of the gain in the index will be credited to the annuity. For example, the insurance company may set the participation rate at ...

Quick liquidity ratio

Insurance; Life insurance

Quick assets divided by net liabilities plus ceded reinsurance balances payable. Quick assets are defined as the sum of cash, unaffiliated short-term investments, unaffiliated bonds maturing within ...

Underwriting guide

Insurance; Life insurance

Details the underwriting practises of an insurance company and provides specific guidance as to how underwriters should analyse all of the various types of applicants they might encounter. Also ...