Insurance decoded

2. Connecting link between the insurer and the insured in case of claims
7. the process of taking steps to reduce the chance of loss or damage arising
8. An arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base
9. With this EY Tool, insurers can launch new products, new business models and even entirely new brands in 12 months or less
11. A specialized type of insurance agent or broker that has been granted underwriting authority by an insurer
12. A reinsurance contract that involves an insurance business acquiring insurance from another insurer
13. Device which helps insurance companies to analyse the risk profile of a driver and customize both offline and online car insurance policies
14. German based InsurTech raised US $400m series D funding in July 22 for business expansion
15. The act of compensating somebody else for damage or loss that you cause them
16. 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
3. A person who calculates risk and probability on behalf of an insurer
4. A global provider of life, accident and health insurers, formed an alliance with EY to aid companies in digital transformation of technologies and services
5. 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
6. Technology used in insurance companies for applications such as KYC, Anti-money Laundering (AML) procedures, claim handling, and creating peer-to-peer models
10. A person who assesses risk on behalf of an insurer and assumes that risk in return for a fee