1
Q
Claim cost inflation
A
The rate of increase in the cost of like-for-like claim payments
2
Q
Hard premium rates
A
High, profitable premium rates
3
Q
Insurance cycle
A
The observed tendency of insurance prices and hence profitability to vary over a period of several years
4
Q
Soft premium rates
A
Premium rates with significantly reduced margins due to the competitive state of the market
F103 General Insurance
flashcards
Decks in class (21)
# Cards
-
Chapter 0 Glossary34
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Chapter 1 Glossary31
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Chapter 2 Glossary22
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Chapter 4 Glossary18
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Chapter 5 Glossary19
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Chapter 6 Glossary26
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Chapter 7 Glossary2
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Chapter 8 Glossary32
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Chapter 9 Glossary4
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Chapter 10 Glossary5
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Chapter 11 Glossary3
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Chapter 12 Glossary12
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Chapter 13 Glossary4
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Chapter 14 Glossary14
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Chapter 17 and 18 Glossary7
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Chapter 19 Glossary10
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Chapter 20 Glossary6
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Chapter 21 and 22 Glossary3
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Chapter 17 Main14
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Chapter 13 Main3
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Part 4 - Question Bank4
