Securitization of risk Securitization of risk is a term to describe the transfer of an insurable risk to the capital markets through the creation of a financial
Occurrence Occurrence refers an accident, including continuous or repeated exposure to substantially the same general, harmful conditions, which
Occurrence policy Occurrence policy is a liability insurance policy that covers claims arising out of occurrences that take place during the policy period,
Current assumption whole life insurance Current assumption whole life insurance is nonparticipating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience.
An accumulation account is credited with a current interest rate that