Across
- 4. The process of setting premiums based on historical data, actuarial analysis, and underwriting guidelines
- 6. Insurance purchased by an insurer to mitigate risk by transferring part of its liabilities
- 9. Ratio The ratio of claims paid to premiums earned, used to assess the profitability of an insurer
- 10. Amount paid by policholders for an insurance policy
- 11. The indiviudal or entity that owns an insurance policy
Down
- 1. A professional who analyses financial risk and uncertainty using mathematics and statistics
- 2. A type of insurance that compensates car owners from damages and accidents
- 3. A representative who sells the policy on behalf of an insurance company
- 5. The process of setting aside funds by an insurance company to meet future claims
- 7. A potential event or factor that can cause a loss
- 8. A party that agrees to compensate individuals or organizations for specific financial losses