Explore topic-wise fullforms in Insurance

INFO: Full form for TLO is Total Loss Only in Insurance category
TLO also has other full forms in other categories mentioned below.

INFO: Full form for TIO is Territory Insurance Office in Insurance category
TIO also has other full forms in other categories mentioned below.

INFO: Full form for CIN is Client Index Number in Insurance category
CIN also has other full forms in other categories mentioned below.

INFO: Full form for NIB is National Insurance Board in Insurance category
NIB also has other full forms in other categories mentioned below.

INFO: Full form for IWA is Insurance World Agency in Insurance category
IWA also has other full forms in other categories mentioned below.

INFO: Full form for UIB is Unemployment Insurance Benefits in Insurance category
UIB also has other full forms in other categories mentioned below.

INFO: Full form for UIB is Unemployment Insurance Benefit in Insurance category
UIB also has other full forms in other categories mentioned below.

INFO: Full form for LIG is Leading Insurance Group in Insurance category
LIG also has other full forms in other categories mentioned below.

INFO: Full form for NGI is Next Generation Insurance in Insurance category
NGI also has other full forms in other categories mentioned below.

INFO: Full form for VIT is Variable Insurance Trust in Insurance category
VIT also has other full forms in other categories mentioned below.

INFO: Full form for HIP is Health Insurance Program in Insurance category
HIP also has other full forms in other categories mentioned below.

INFO: Full form for MIG is Meadowbrook Insurance Group in Insurance category
MIG also has other full forms in other categories mentioned below.

INFO: Full form for MLI is Mandatory Liability Insurance in Insurance category
MLI also has other full forms in other categories mentioned below.

INFO: Full form for ARIAS is Aida Reinsurance and Insurance Arbitration Society in Insurance category
ARIAS also has other full forms in other categories mentioned below.

INFO: Full form for OTP is Optional Term Policy in Insurance category
OTP also has other full forms in other categories mentioned below.

INFO: Full form for AIA is The American Insurance Association in Insurance category
AIA also has other full forms in other categories mentioned below.

INFO: Full form for OIC is Office of The Insurance Commissioner in Insurance category
OIC also has other full forms in other categories mentioned below.

INFO: Full form for ADIB is Albany District Insurance Brokers in Insurance category
ADIB also has other full forms in other categories mentioned below.

INFO: Full form for CSIB is Capital Shield Insurance Broker in Insurance category
CSIB also has other full forms in other categories mentioned below.

INFO: Full form for SBIB is Sowers Baccala Insurance Brokerage in Insurance category
SBIB also has other full forms in other categories mentioned below.

INFO: Full form for WBI is Wentzel Bromiley Insurance in Insurance category
WBI also has other full forms in other categories mentioned below.

INFO: Full form for MIBC is Medical Insurance Billing and Coding in Insurance category
MIBC also has other full forms in other categories mentioned below.

INFO: Full form for JCI is Japanese Compulsory Insurance in Insurance category
JCI also has other full forms in other categories mentioned below.

INFO: Full form for JCI is Japan Compulsory Insurance in Insurance category
JCI also has other full forms in other categories mentioned below.

INFO: Full form for IFB is Insurance Fraud Bureau in Insurance category
IFB also has other full forms in other categories mentioned below.

INFO: Full form for ICAC is Insurance Committee for Arson Control in Insurance category
ICAC also has other full forms in other categories mentioned below.

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. Policyholder and insured are often used as but are not necessarily synonyms, as coverage can sometimes extend to additional insureds who did not buy the insurance. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.

The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.