Named Insured

A person or entity added to an insurance policy who receives coverage under that policy, commonly required in contracts and leases.

The person or entity covered by an insurance policy and protected against specified losses or risks.

The person or entity that owns an insurance policy and is responsible for premium payments.

A business professional who analyzes probabilities of risk and risk management, including calculation of premiums, dividends, and other applicable insurance industry standards.

The process by which an insurer evaluates the risk of insuring a person or property and determines coverage terms and premium rates.

Insurance purchased by insurance companies to transfer portions of their risk portfolios to other insurers, reducing the likelihood of large payouts from claims.

The ratio of losses paid plus loss reserves to premiums earned, used by insurers to measure underwriting profitability and pricing adequacy.