Insurance decode

3. A person who, on behalf of an insurer, investigates the circumstances around a claim and advises how much should be paid out.
8. An arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base. This partnership arrangement can be profitable for both companies.
9. It is a cloud-native platform offering access to the most advanced technologies in insurance. With this EY Tool, insurers can launch new products, new business models and even entirely new brands in 12 months or less.
11. the process where insurers buy insurance for themselves, from reinsurance companies, to cover against the possibility of large losses.
12. The world's first blockchain-enabled platform. This platform integrates and secures the streams of disparate data sources involved in insuring shipments around the world.
13. A kind of reinsurance wherein the reinsurer can either accept or reject any peril or risk presented by an insurance provider looking for reinsurance.
14. Insurance policy that covers property that is easy to move. These policies typically provide additional coverage beyond the coverage already provided by normal insurance policies.
15. A reinsurance contract that involves an insurance business acquiring insurance from another insurer
16. Additional paid-up feature to widen up the scope of the base life insurance policy.

1. the act of compensating somebody else for damage or loss that you cause them.
2. a temporary suspension of insurance cover in relation to a specific risk.
4. the process of taking steps to reduce the chance of loss or damage arising.
5. Connecting link between the insurer and the insured in case of claim
6. A person who assesses risk on behalf of an insurer and assumes that risk in return for a fee.
7. individual that receives benefits when the policy pays out
9. A person (legal heir) nominated by the policyholder to whom the sum assured and other benefits will be paid by the life insurance company in case of an unfortunate eventuality.
10. a process where the insurer, acting on behalf of a policyholder who has suffered loss, pursues a third-party who has caused that loss for compensation.