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Insurance-Related Terms Explained (in Plain English)

How to get started in the Insurance Industry
The insurance industry offers far more career opportunities than many people realize. Whether you enjoy helping people, analyzing information, solving problems, working with numbers, or building ...
What is an Insurance Actuary?
Actuaries play a critical role in helping insurance companies measure and manage financial risk, their analysis helps insurance companies estimate future claims costs, set premiums, determine how much money they need to pay future claims, and remain financially strong.
Insurance Acronyms
Don't get lost in your next insurance discussion. This quick reference explains common insurance and related acronyms so you can understand the conversation and co...
derivative claims and indemnification
Derivative claims create one of the most important coverage issues in Directors and Officers (D&O) insurance: indemnification may not be available. When shareholders sue directors or officers on behalf of ...
Retroactive date
Claims-made insurance policies rely on several timing provisions to determine when coverage applies. One of the most important is the retroactive date, which establishes how far back a policy will respond to wrongful acts.

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