Insurance: Difference between revisions
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add link.) |
||
| (4 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
''Risk management - transferring & pooling risk.'' | 1. ''Risk management - transferring & pooling risk - commercial.'' | ||
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs. | A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs. | ||
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance. | Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance. | ||
2. ''Risk management - transferring & pooling risk - commercial.'' | |||
The act or structure of providing insurance on a commercial basis, or of buying it. | |||
3. ''Risk management - market stability - regulation.'' | |||
The actions or structures of a regulator or supervisor to ensure market stability, whether or not they are provided on commercial terms. | |||
For example, the liquidity insurance provided by the Bank of England in acting as a lender of last resort for banks and other financial market participants. | |||
Retail deposit insurance is another example. | |||
| Line 10: | Line 24: | ||
* [[Captive insurance company]] | * [[Captive insurance company]] | ||
* [[Chartered Insurance Institute]] | * [[Chartered Insurance Institute]] | ||
* [[Deposit insurance]] | |||
* [[Excess]] | |||
* [[Financial Conduct Authority]] | |||
* [[Fixing instrument]] | * [[Fixing instrument]] | ||
* [[Force majeure]] | * [[Force majeure]] | ||
| Line 20: | Line 37: | ||
* [[Insurance risk]] | * [[Insurance risk]] | ||
* [[Insure]] | * [[Insure]] | ||
* [[Lender of last resort]] | |||
* [[Liquidity insurance]] | |||
* [[National Insurance]] | |||
* [[Option]] | * [[Option]] | ||
* [[Premium]] | * [[Premium]] | ||
* [[Price walking]] | |||
* [[Regulation]] | |||
* [[Reinsurance]] | * [[Reinsurance]] | ||
* [[Risk]] | * [[Risk]] | ||
* [[Risk management]] | * [[Risk management]] | ||
* [[Risk response]] | * [[Risk response]] | ||
* [[Supervision]] | |||
* [[Trade credit insurance]] | * [[Trade credit insurance]] | ||
* [[Transfer]] | * [[Transfer]] | ||
Revision as of 06:54, 22 January 2022
1. Risk management - transferring & pooling risk - commercial.
A contract designed to provide protection against specified types of risk or loss, by paying out to the insured party in the event that the insured loss occurs.
Insurance is generally provided by specialist insurance companies, to whom an insurance premium is paid by the insured in advance.
2. Risk management - transferring & pooling risk - commercial.
The act or structure of providing insurance on a commercial basis, or of buying it.
3. Risk management - market stability - regulation.
The actions or structures of a regulator or supervisor to ensure market stability, whether or not they are provided on commercial terms.
For example, the liquidity insurance provided by the Bank of England in acting as a lender of last resort for banks and other financial market participants.
Retail deposit insurance is another example.
See also
- Assurance
- Captive insurance company
- Chartered Insurance Institute
- Deposit insurance
- Excess
- Financial Conduct Authority
- Fixing instrument
- Force majeure
- GI
- Hedging
- HMO
- IAIS
- ILS
- Insurable
- Insurance risk
- Insure
- Lender of last resort
- Liquidity insurance
- National Insurance
- Option
- Premium
- Price walking
- Regulation
- Reinsurance
- Risk
- Risk management
- Risk response
- Supervision
- Trade credit insurance
- Transfer
- Underwriting
