Page 56 - The Insurance Times October 2021
P. 56

Poll                    Do you think LIC IPO will change market
                 Glossary

                                                                                    dynamics?

                                                    Yes             Results of Poll in our September 2021 Issue

                                                     No             Do you think Insurance Brokers need to focus
                                                                              more on retail segment?
                                                 Can’t say




                                              You may send your views to :
         Loss                                 Poll Contest,  The Insurance Times                Yes         90
         Physical damage to property or bodily  25/1, Baranashi Ghosh Street, Kolkata - 700 007  No         10
                                              Phone : 2269 6035, 2218 4184, 4007 8428
         injury, Including loss of use or loss of                                         Can’t say         00
                                              Email:  insurance.kolkata@gmail.com
         income.
         Loss Adjustment Expense (LAE)                                Subscribe
         Expected payments for costs to be
         incurred in connection with the
         adjustment and recording of losses. Can be                        our
         classified into two broad categories:
         Defense and Cost Containment (DCC) and                 YouTube Channel
         Adjusting and Other (AO). Can also be
         separated into (Allocated Loss Adjustment
         Expense) and (Unallocated Loss             www.youtube/bimabazaar
         Adjustment Expense for ratemaking
         purposes.
                                                               for latest updates
         Loss Frequency
         Incidence of claims on a policy during a
         premium period.                                  Like our Facebook Page
         Loss of Use Insurance
         Policy providing protection against loss of  www.facebook.com/bimabazaar
         use due to damage or destruction of
         property.


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