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Attrition Rate Attrition Rate is a statistic that measures the number of workers or consumers that leave without being replaced through time.
Non price competition Non price competition is the emphasis on aspects other than price, such as quality, service, and promotion, to differentiate products in
Competition-Oriented Pricing Competition-Oriented Pricing is a pricing method whereby a firm sets prices on the basis of its competitor’s prices rather than its own costs
Traditional IRA Traditional IRA is an IRA that allows workers to deduct part or all of their IRA contributions if taxable compensation is under a certain limit.
Traditional net cost method Traditional net cost method is a method of determining cost to an insured of a life insurance policy, determined by subtracting the total dividends received and cash value at the end of a period from the
Preexisting-conditions clause Preexisting-conditions clause is contractual provision in a health insurance policy stating that preexisting conditions are not covered or are covered only after the policy has been in force for a specified
Open-competition law Open-competition law is a law for regulating insurance rates under which insurers are not required to file rates with the state insurance department but may be required to furnish rate schedules and
Difference in conditions insurance (DIC) Difference in conditions insurance (DIC) is an open peril(“all-risks”) policy that covers other perils not insured by basic property insurance
Additional insured Additional insured is a person or party who is added to the named insured’s policy by an
Auto-Regressive Conditional Heteroskedasticity (ARCH) Auto-Regressive Conditional Heteroskedasticity (ARCH) is a nonlinear stochastic process, where the variance is time-varying, and a function of the
past variance. ARCH processes have frequency distributions which have high peaks at the mean and fat-tails, much like fractal
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