Uberrimae fides: related pages
Adverse selection
The tendency for those most at risk to be those most likely to buy insurance.
Moral hazard
Refers to the likelihood of a person or organisation willing to take on more risk as they are covered by insurance.
Actuary
Actuaries assess financial risk, calculate insurance premiums and value pension funds.
Underwriter
Someone who takes a financial risk (relieving another party of it) in return for a fee.
Reinsurance
Insurance for insurers. They pass on to reinsurers risks that they cannot absorb themselves.
Copyright Graeme Pietersz © 2005-2019