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