Combining two or more risky projects with uncorrelated returns to reduce overall risk dispersion. Crucial in insurance and investment portfolios.
A provision of a pension scheme in which the benefits to be received by the pensioner are predetermined and do not depend on the performance of the pension fund.
A system of life insurance where the benefits to be received are linked to the level of an index of equity share prices.
A reform of the health care industry in the United States aimed at improving access to affordable health insurance.
A comprehensive overview of syndicates, particularly in the context of Lloyd's of London, including their function, historical perspective, and theoretical frameworks.
An economic system where insurers transfer part of their risk to other insurers to minimize potential losses.
A comprehensive overview of pension insurance contracts, their definition, concepts, and contextual applications.
An estimate of a random variable used in financial calculations, prominently in insurance, determining premiums or benefits using statistical data.
An overview of an actuary and their role in predicting future events to assess risks.
An economics term defined as the tendency for a contract to attract the types of agent that are least profitable for the issuer, often due to asymmetric information.
A contract that guarantees regular income payments by a financial institution typically used for retirement funding.
Understanding catastrophic loss and its impact in various contexts
The protection against risk provided by an insurance policy, including its limitations and coverage extents.
The part of any insured loss which has to be borne by the insured party; also known as an excess in the UK.
Insurance for depositors with banks or financial intermediaries against bank default.
The legal liability of employers to compensate their employees for accidents and illnesses due to their work.
An overview of the Export Credits Guarantee Department (ECGD), its roles in the UK government, and its impact on international trade.
A US regulatory body responsible for chartering banks, and insuring depositors against bank failure.
Overview and analysis of friendly societies as non-profit financial institutions in the UK
Insurance against medical expenses and loss of earnings due to accident or illness.
A company whose main activity is providing various types of insurance policies and managing premium-generated assets.
Exploring Life Assurance: Definitions, Contexts, and Comparative Analysis
A comprehensive look at life insurance, its definition, historical context, various economic frameworks, and its applications.
An in-depth look into Lloyd’s, a prominent London-based insurance market known for its global operations by individual investors or 'names' and its recent inclusion of company memberships.
A US government scheme to pay for medical treatment for those over the age of 65.
A member of one or more syndicates at Lloyd’s providing insurance.
The price paid for an insurance policy, which may be monthly, annual, or a lump-sum payment.
Acceptance of the favourable or unfavourable outcome of a risky activity
An in-depth look at third-party insurance, its significance, and its variations across different regions.
