Across
- 3. The company that issues the insurance policy
- 5. The first layer of insurance coverage
- 6. Requests for payment under the terms of a policy
- 8. Intermediary who places coverage on behalf of the client
- 9. Professional who analyzes risk using math and statistics
- 13. A document that modifies the original policy
- 14. A cap on coverage for a specific peril within the policy
- 16. The degree of risk an insured entity faces
- 18. The portion of risk transferred to a reinsurer
- 19. The maximum total payout in a policy period
- 20. Compensation for loss or damage
- 22. Lines market for hard to place risks
- 23. The amount of risk kept by the insured
Down
- 1. A specific cause of loss such as fire or wind
- 2. Temporary proof of coverage before the policy is issued
- 4. The process of extending coverage for another term
- 5. The person or entity that owns the insurance contract
- 7. A reinsurance agreement covering a class of business
- 10. The price paid for an insurance policy
- 11. Amount the insured pays before coverage kicks in
- 12. A type of reinsurance share arrangement
- 15. Legal responsibility for damages or injuries
- 17. Coverage that sits above the primary layer
- 21. Person who evaluates and prices risk