Insurance Decode

3. Device which helps insurance companies to analyze the risk profile of a driver and customize both offline and online car insurance policies
5. An Indian InsurTech, recently filed draft papers for IPO with SEBI
7. A person who calculates risk and probability on behalf of an insurer.
8. the process of taking steps to reduce the chance of loss or damage arising.
10. A global provider of life, accident and health insurers, formed an alliance with EY to aid companies in digital transformation of technologies and services
11. An arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base
13. German based InsurTech raised US $400m series D funding in July 22 for business expansion
14. The act of compensating somebody else for damage or loss that you cause them.
15. Additional paid-up feature to widen up the scope of the base life insurance policy.

1. 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.
2. A specialized type of insurance agent or broker that has been granted underwriting authority by an insurer.
3. A reinsurance contract that involves an insurance business acquiring insurance from another insurer.
4. Connecting link between the insurer and the insured in case of claims
6. Technology used in insurance companies for applications such as KYC, Anti-money Laundering (AML) procedures, claim handling, and creating peer-to-peer models.
9. A person who assesses risk on behalf of an insurer and assumes that risk in return for a fee.
12. With this EY Tool, insurers can launch new products, new business models and even entirely new brands in 12 months or less.