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Recruiter's Glossary
Industry
Examples:
Subrogation
•
Commercial Package Policy
•
Policy Limit
Insurance Terms
Understanding these terms will help you better evaluate candidates and communicate with hiring managers
Loss Ratio
Retrocession
Commercial Package Policy
Claims Adjuster
IBNR
Surplus Lines
GL Insurance
BOP
Peril
Per Occurrence
Treaty
Bordereau
Deductible
Combined Ratio
Umbrella Coverage
Loss Control
Policy Rider
Admitted Carrier
Exclusion
Premium Audit
Facultative
Risk Retention
Premium
Replacement Cost
Named Insured
Exposure Base
Broker of Record
Subrogation
Policy Binding
Additional Insured
Insurance-to-Value
Agreed Value
Actuary
Reinsurance
Aggregate Limit
Coinsurance
E&O Insurance
Declaration Page
Experience Modification
Premium Reserve
Schedule Rating
Loss Development
Endorsement
Certificate of Insurance
Risk Transfer
D&O Insurance
Captive Insurance
Actual Cash Value
Policy Limit
Underwriting
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