Insurance brokerage mergers and acquisitions 70

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Insurance Brokerage Mergers and Acquisitions 70 Insurance brokers 70 Insurance Company Mergers and Acquisitions 70 Insurance Industry Capacity 69 Insurance option 71 Intangible property exposures 11 Intangible property loss exposures 46 Integrated risk program 65 Interest rate risk 65 Internal rate of return (IRR) 78 Intranet 79 Investigation of the Claim 110 INVESTMENTS 116 L Large Number of Exposure Units 22 Larger Emergency Fund 12 Law of large numbers 21 Law of large numbers 3 Legal Function 117 Legal hazard 5 Liability insurance 27 Liability loss exposures 46 Liability loss exposures 56 Liability risks 10 Life insurance 27 life insurance distribution systems 95 Life Insurance Investments 116 Life Insurance Marketing 95 life value 7 Lloyd’s of London 91 Loss control 118 Loss distribution 75 Loss exposure 2 Loss exposure 44 LOSS FORECASTING 71 Loss frequency 47 Loss of Business Income 11 Loss of Certain Goods and Services 12 Loss prevention 13 Loss prevention 47 Loss prevention 31 Loss Reduction 13 Loss reduction 48 Loss severity 47 Loss-Control Services 117 M Making an Underwriting Decision 107 Managing Financial Risks 65 Manuscript policy 52 Market Conditions and Selection of Risk Management Techniques 53 Mass merchandising 98 Maximum possible loss 47 Measure and Analyze the Loss Exposures 46 mechanical breakdown, equipment breakdown, or systems breakdown coverage 29 Medical Information Bureau report 107 medical malpractice insurance 29 Medicare 30 Methods for Sharing Losses 113 Moral hazard 4 Multiple distribution systems 98 Multiple line exclusive agency system 95 Multiple Line Exclusive Agency System 95 multiple-line policy 28 Mutual insurer 88 mutually exclusive 75 Mutually exclusive events 75 N National Flood Insurance Program (NFIP) 30 Net present value (NPV) 78 net retention 111 No Catastrophic Loss 23 Nonadmitted insurer 95 Nondiversifiable risk 6 Noninsurance transfers 14 Noninsurance transfers 51 nonsystematic risk 6 Notice of Loss 110 O objective of social responsibility 45 Objective probability 3
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Risk Management Midterm Keyterm Objective risk (degree of risk) 3 Objectives in Claims Settlement 109 OBJECTIVES OF RISK MANAGEMENT 44 Ocean marine insurance 29 Old-Age, Survivors, and Disability Insurance 30 Operational risk 6 Operational risks 66 P particular risk 6 Passive Retention 14 Passive retention 48 Paying Losses 48 Pension Benefit Guaranty Corporation (PBGC) 30 Peril 4 Periodic Review and Evaluation 54 Personal lines 27 Personal loss exposures 55 Personal risk management 55 Personal risks 7 personal selling distribution systems 95 Personal selling systems 95 Personal Selling Systems 95 Personal umbrella liability insurance 28 Personal-producing general agent 96 Personal-Producing General Agent (PPGA) 96 Periodic underwriting cycles 107 Physical examination 107 Physical hazard 4 Physical inspection 46 Physical inspection 107 Policy provisions 26 Pooling 20 Pooling of Losses 20 pooling technique 15 Poor Health 8 Post-Loss Objectives 45 Pre-Loss Objectives 45 Premature death 7 priori probabilities 4 Private Insurance 27 Private mortgage insurance (PMI) 29
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  • Winter '18
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