Total of all claims with a net cost of less than US$2.5 million as a percentage of net earned premium.

Insurance written by an insurer that is admitted (or licensed) to do business in the (US) state in which the policy was sold. 

One who negotiates contracts of insurance or reinsurance as an insurance company's representative i.e. the agent's primary responsibility is with the insurance carrier and not the insurance [..]

One who negotiates contracts of insurance or reinsurance on behalf of an insured party, receiving a commission from the insurer or reinsurer for placement and other services rendered. In contrast with [..]

In relation to a Lloyd’s member, the maximum amount of insurance premiums (gross of reinsurance but net of brokerage) which a member can accept. In relation to a syndicate, the aggregate of each membe [..]

Insurance that is primarily concerned with the losses resulting from injuries to third persons or their property (i.e. not the policyholder) and the resulting legal liability imposed on the insured. I [..]

A reinsurance contract (often in the form of excess of loss reinsurance) that, subject to specified limits and retention, compensates the ceding insurer for losses in  related to an accumulation of cl [..]

The amount payable under a contract of insurance or reinsurance arising from a loss relating to an insured event.

The aggregate of all claims paid during an accounting period adjusted by the change in the claims provision for that accounting period.

Net claims incurred as a percentage of net earned premium.