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Glossary

Risk Management – insurance term definition

risk management: Procedure to minimize the adverse effect of a possible financial loss. It involves identifying potential sources of loss, measuring the financial consequences of the loss, and using controls to minimize actual losses or their financial consequences.

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Type of Insurance

Fidelity Investments Insurance Life Insurance Personal Finance video reviews

Properties
Telephone:800-544-4702
Reseller or Type:Type of Insurance
Type:Life
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Details: Formed in 1988, Fidelity Life Insurance Company provides clients with the opportunity to supplement their long-term savings and income plans by offering both tax-deferred and income annuities. Empire Fidelity Investments Life Insurance Company services New York residents.

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Glossary

Risk In Force – insurance term definition

risk in force: The aggregate unpaid balance of loans insured multiplied by the average coverage.

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Type of Insurance

Selective of America Insurance Personal Finance video reviews

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Reseller or Type:Type of Insurance
Type:Auto
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Details: Selective Insurance is a customer-focused, regional property and casualty insurance company providing a broad range of insurance and alternative risk management products and services.

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Glossary

Risk Exposure – insurance term definition

risk exposure: The possibility of financial loss based on the probability of an event occurring.

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Type of Insurance

American Manufacturers Mutual Insurance Personal Finance video reviews

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Telephone:800-228-2579
Reseller or Type:Type of Insurance
Type:Auto
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Details: One of the nation’s leading organizations for property/casualty insurance, reinsurance and risk management services, Kemper offers coverage in all 50 states, the District of Columbia and many foreign markets.

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Glossary

Risk Classification – insurance term definition

risk classification: The process by which a company decides how its premium rates for life insurance should differ according to the risk characteristics of individuals insured (for example, age, occupation, sex, state of health) and then applies the resulting rules to individual applications. (See underwriting.)

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Type of Insurance

Alfa Mutual Insurance Personal Finance video reviews

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Telephone:334-288-3900
Reseller or Type:Type of Insurance
Type:Auto
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Details: Alfa Insurance currently insures more than 1 million policyholders throughout Alabama, Georgia and Mississippi. Since their founding in 1946, Alfa has offered its policyholders the financial strength that guarantees security and a reputation for reliability at affordable premiums.

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Glossary

Risk – insurance term definition

risk: Uncertainty of financial loss; used to designate an insured or a peril insured against.

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Type of Insurance

Foremost Insurance Personal Finance video reviews

Properties
Telephone:877-444-6678
Reseller or Type:Type of Insurance
Type:Home
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Details: We insure autos, homes, mobile homes, landlord properties, fifth-wheels, travel trailers and motor homes.

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