CROSSWORD - C120 – UNDERWRITING ESSENTIALS

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Across
  1. 1. refers to the subject or object of insurance that might expose the insurer to loss under an insurance contract.
  2. 4. reinsurance is negotiated between an insurer and a reinsurer on an individual risk or policy.
  3. 5. is “Insurance for Insurers”.
  4. 7. is a thing, money, or an act of value that one party gives or promises in exchange for the act or promise of another party.
  5. 8. is a type of risk that exists where there is a chance of gain or loss.
  6. 9. is an insurance document that provides evidence of a contract of insurance.
  7. 10. reinsurance is an agreement between insurer and reinsurer to reinsure a block or portfolio of business.
  8. 11. is a kind of loan extended by a money-changer or money lender to the owner of goods or ships in transit between ports.
Down
  1. 2. is a principle that says that an insured person should not profit from his or her own loss
  2. 3. is defined as an insurance professional who invests the capital of an insurer’s shareholders by accepting or rejecting risk to implement an insurer’s strategic plan.
  3. 6. is the amount of capital available to the underwriter to “invest in various kinds of business.
  4. 8. conditions appear in automobile, accident and sickness and property policies issued in the common law provinces.