Insurance

Deferred Acquisition Costs (DAC)
An enthralling dive into the accounting method used in the insurance industry that allows the deferral of sales costs.
Demutualization
Demutualization is the process of converting a mutual entity into a publicly traded company.
Employers' Liability Insurance
Employers' Liability Insurance protects businesses from claims by employees for job-related injuries or illnesses not covered by workers' compensation.
Employment Insurance (EI)
Employment Insurance (EI) is a Canadian program providing temporary financial assistance to unemployed individuals and those unable to work due to illness or caregiving.
Excess of Loss Reinsurance
A humorous insight into how Excess of Loss Reinsurance keeps the ceding companies from drowning in their own losses.
Experience Rating
Experience ratings helps to determine an insured party's premium based on their previous claims history.
Facultative Reinsurance
Facultative reinsurance is a type of reinsurance that covers individual risks owned by a primary insurer, offering more focused and specific coverage compared to treaty reinsurance.
Federal Deposit Insurance Corporation (FDIC)
The FDIC is an independent agency that insures deposits in U.S. banks and thrifts, maintaining consumer trust in banking.
Gap Insurance
Discover the essentials of Gap Insurance and how it protects you financially in case your vehicle is totaled.
General Account
The hub of fund flow for insurers; where premiums are safely stored but untethered to specific policies.
Gross Net Written Premium Income (GNWPI)
The financial term that encapsulates the dollar amount of an insurance company’s premiums and sets the stage for reinsurance premiums.

Jokes And Stocks

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