Category: I

Definition Insurance coverage refers to the amount of risk or liability that is covered for an individual or entity by insurance services. This can pertain

Definition An insurance claim is a formal request by a policyholder to an insurance company for compensation or coverage for a specific loss covered under

Definition Insurance premium refers to the amount of money that an individual or a business pays for an insurance policy. This payment, which can be

Definition Intangible Personal Property refers to assets that are not physical in nature. They include intellectual property like patents, trademarks, and copyrights, as well as

Definition Insurtech, a portmanteau of “insurance” and “technology,” refers to the innovative use of technology to enhance and streamline the insurance industry. It aims to

Definition An intangible asset is a non-physical asset that has a monetary value. It includes intellectual property like patents, copyrights, trademarks, as well as brand

Definition Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance

Definition Insurable interest is a financial concept that refers to the established legal or equitable relationship between an insured and the object or person insured.

Definition Intellectual capital refers to the intangible value of a business, including knowledge, intellectual property, brand reputation, and strategies. It’s the collection of resources that

Definition An insurance underwriter is a professional who evaluates and analyzes the risks involved in insuring people and assets. They decide how much coverage the