Insurance Risk

Insurance Risk

The likelihood that an insured event will occur, requiring the insurer to pay a claim. For example, in life insurance, the insurance risk is the possibility that the insured party will die before his/her premiums equal or exceed the death benefit. Insurance companies compensate for this risk by adjusting premiums according to how great the risk is.
References in periodicals archive ?
NIAC, a nonprofit insurance risk pool, is a member of the Nonprofits Insurance Alliance.
A large percentage (86 percent) of the primary mortgage insurance risk in force consists of new business written after 2008, including loans successfully refinanced through the Home Affordable Refinance Program (HARP).
A printed and filed certificate--along with field confirmation of critical condition monitoring alarms--provides proof to insurance risk engineers that a plant is following recommended best practice standards for maintaining its condition monitoring system.
Some of its products, such as an executive supplemental health reimbursement program, do involve some insurance risks. Others, such as a service that helps members find and get appointments with highly regarded doctors, involve no insurance risk.
In light of the current volume of activity involving captives, it is important to focus on satisfying the insurance fundamentals, which include insurance risk, risk shifting, risk distribution, and insurance in its "commonly accepted sense." This item highlights current, practical considerations regarding qualification of a captive as an insurance company for federal income tax purposes.
Bob Dean was the co-founder and chairman of the Advisory Board for the Insurance Risk Management Degree at the University of Houston-Downtown.
THE BOMBING at the Boston Marathon is likely to impact the terrorism insurance marketplace, specifically event cancellation coverage, says Gordon Woo, a specialist in catastrophe insurance risk modeling for Risk Management Solutions.
Risk-adjusted capitalisation benefits from a low level of retained insurance risk supported by a well rated reinsurance programme and a conservative fixed income focused investment portfolio.
The problem with these reminders is not so much the closing of the original exchange, but the lingering belief that its "failure" should preclude any effort to reconsider establishing an insurance risk exchange facility today or at any time in the future.
7 January 2013 a[euro]" US insurance broker and risk management services provider Arthur J Gallagher & Co (NYSE:AJG) said it had acquired Insurance Risk Managers of Missouri Inc (IRM) without volunteering information on price.
The first Insurance Risk Engineers Forum will be held in Dubai Business Bay on September 4 and will involve nearly 30 top-level officials representing leading insurance risk engineers in the region.
THE growing threat of flooding around England and Wales is a reminder of the increasing insurance risk the UK faces, according to property search firm SearchFlow.

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