Policy Puzzle Hunt: Team Strategy Session

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Across
  1. 4. Additional amount added to a basic insurance premium (5 letters)
  2. 7. A formal notification to an insurer requesting coverage for a loss (5 letters)
  3. 8. The practice of dividing and spreading insurance risks among multiple insurers (11 letters)
  4. 12. A person or company that underwrites an insurance risk (11 letters)
  5. 14. Process of evaluating risk and determining premiums (8 letters)
  6. 15. Financial protection against a loss or other negative event (9 letters)
  7. 16. Person or entity that acts as an intermediary in the reinsurance process (9 letters)
  8. 17. Contractual agreement in which one party compensates another for specified loss (8 letters)
Down
  1. 1. The amount paid to an insurance company before any deductions (9 letters)
  2. 2. Convex is known for its innovative solutions in this insurance sector (10 letters)
  3. 3. Risk transfer mechanism where an insurance company shares risk with another insurer (11 letters)
  4. 5. The amount of money paid out by an insurance company for a claim (5 letters)
  5. 6. Financial instrument providing coverage for uncertain future events (9 letters)
  6. 7. Document outlining terms and conditions of reinsurance (9 letters)
  7. 9. Contract stipulation that expands coverage beyond the standard policy (8 letters)
  8. 10. Fixed amount paid by policyholder before insurance covers a loss (9 letters)
  9. 11. Type of Line of Business which take cares of Boats, vessels etc
  10. 13. Insurance policy covering losses from specific named events (7 letters)