Across
- 2. A model where the probability of future events depends only on the last know event [6, 5]
- 6. An insurance company owned by its policyholders [6]
- 7. Exchanging pension for an immediate lump sum [11]
- 9. An insurance policy where all benefits have been forfeited due to non-payment of premiums [6]
- 10. Projection method prescribed for valuation of post-employment defined benefit plans by IAS 19 (revised 2011) [3]
- 13. An insurance company that transfers risk to a reinsurer [6]
- 15. The most used probability distribution [8]
- 16. An acronym for loadings added to assumption for prudence [3]
- 18. An insurance policy that covers all risks except those specifically excluded [3, 5]
- 19. An insurance policy that pays the sum assured on death during the policy term or on survival till the end of the policy term [9]
- 20. A single event that causes extremely large losses [11]
Down
- 1. Restoring the insured to the same financial position as before a loss [9]
- 3. A statutory benefit payable to an employee on leaving the company after 5 years of service [8]
- 4. A life annuity that pays the purchase price on death of the annuitant [3]
- 5. A tradeable derivative contract to buy an asset at a specified price on a specified date [7]
- 8. Selling insurance policies using banks [13]
- 11. A triangulation method that used only the cumulative claim amounts [5, 6]
- 12. An insurance policy where all premiums have been received but the cover has not been terminated yet [4, 2]
- 14. The insured’s share of claims [6]
- 17. An abbreviation for a model used to price income protection plans [3]