Page 13 - Insurance Glossary 100 Terms - Sashi Publications

Lapse: Termination of policy due to non-

payment of premium.

Liquidity Risk: The risk that an organization

cannot meet its short-term financial

obligations.

Loss Event Data: Historical data of risk

events used for analysis and prediction.

Market Risk: The risk of losses in financial

markets due to changes in market prices.

Maturity Benefit: The amount paid to the

policyholder at the end of the policy term.