Across
- 1. Was initially set up as a trade association specializing in non-marine insurance businesses
- 3. Insurance company which provides insurance coverage
- 4. Monthly report which holds all the details of claims made that month by a TPA on behalf of a carrier/underwriter
- 5. Insurer or group of insurers based in Lloyd's of London who combine to assume risks in a specialist area
- 7. Evaluates risks to establish the price of an insurance policy that will be written
- 8. Managing general agent that is approved to underwrite risks under binding authority
- 9. Individual or business that purchases insurance coverage for the protection of an asset
Down
- 2. When several insurance companies share risk by buying policies from other insurers
- 4. Contract for delegated authority supplied to a coverholder by a managing agent
- 5. Placing package produced by the broker with all the important information such as risk, insurance terms and conditions
- 6. Provides communication between the syndicates or insurer, and the insurance buyer
- 10. Provides representation for Lloyd's insurance and reinsurance brokers working in the London and international insurance markets