Insurance decoded

3. A global provider of life, accident and health insurers, formed an alliance with EY to aid companies in digital transformation of technologies and services
6. A person who calculates risk and probability on behalf of an insurer
8. With this EY Tool, insurers can launch new products, new business models and even entirely new brands in 12 months or less
10. Device which helps insurance companies to analyse the risk profile of a driver and customize both offline and online car insurance policies
12. German based InsurTech raised US $400m series D funding in July 22 for business expansion
13. An arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base
14. A reinsurance contract that involves an insurance business acquiring insurance from another insurer
15. Additional paid-up feature to widen up the scope of the base life insurance policy

1. An Indian InsurTech, recently filed draft papers for IPO with SEBI
2. Technology used in insurance companies for applications such as KYC, Anti-money Laundering (AML) procedures, claim handling, and creating peer-to-peer models
4. A specialized type of insurance agent or broker that has been granted underwriting authority by an insurer
5. the process of taking steps to reduce the chance of loss or damage arising
7. A person who assesses risk on behalf of an insurer and assumes that risk in return for a fee
9. 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
10. Connecting link between the insurer and the insured in case of claims
11. The act of compensating somebody else for damage or loss that you cause them