insurance finance department strategies
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11 Terms
What is working capital
funds available to support operations
What is capital structure
mix of long term debt and equity and assesses resources needed to meet long term obligations
What is net income
difference between revenues and expenses
What is unrealized capital gains
profit not yet earned on a held asset
What are the liabilities an insurer faces
unearned premium reserves, loss reserves, loss adjustment expense reserves
What are the unearned premium reserves
represents amount of premiums received from policyholders that are not yet earned
What are the loss reserves
estimate of amount of money insurer expects to pay for future losses
What are the loss adjustment expense reserves
estimates of future expense that an insurer expects to incur
What is sell and leaseback
when an insurer sells an asset and leases it back from the new owner to increase their capital
What is loss portfolio transfer
when an insurer sells policies to a reinsurer and takes over the loss reserves associated with those policies
