Page 192 - CFPA-SCR-Award in General Insurance W01_2018-19_Neat

xviii W01/March 2018 Award in General Insurance

N R
negligent fellow employees, 8F4 rateable proportion, 8B1
new for old cover, 7D3 regulation, 9A
non-contribution clauses, 8B2A diagnostic tools, 9A3A
non-disclosure, 5 intro market conduct, 9A2
consequences of, 5D prescriptive, 9A1A
non-financial risks, 1C1 principles-based, 9A1B
non-Lloyd’s brokers, 2D prudential, 9A2
remedial tools, 9A3B
risk-based, 9A1C
O supervisory tools, 9A3

offer and acceptance, 3D types of, 9A1
in practice, 3D4 reinstatement, 7A2D
operational risk, 9D cash settlements under, 7C2C
own risk and solvency assessment (ORSA), 10C1E conditions, 7C2A, 7C2B
memorandum, 7C2A
reinsurance, 2H
P purpose of, 2H1
reinsured, 2H2
particular risks, 1C3
reinsurer(s)
partnerships, 2A1B
types of, 2H2
pecuniary insurance, 1L2
repair, 7A2B
peril, 1E3
replacement, 7A2C
nature of, 6A2
reputational risk, 9D
personal data, 10D
reserving, 2I2
persons with mental health conditions, 3C2
retroceding, 2H2
physical hazard, 1E3, 5C2A
retrocession, 2H2
policyholder fraud, 9E1, 9E4
risk
detection, 9E4B
analysis, 1B1B
prevention, 9E4A
attitude to, 1A3
policyholder has no rights, 8F1
-averse, 1A3
policyholder’s right to cancel, 3F2
categories of, 1C
political risk insurance, 1L2
components of, 1E
postal acceptance, 3D3
concept of, 1A
precluded subrogation rights, 8F
control, 1B1C
prescribed capital requirement (PCR), 9C3A
definition of, 1A2
price comparison websites, 2G
identification, 1B1A
principal
level of, 1E2
duties of, 3G5
management, 1A1, 1B
private individuals, 2A1A
function of, 1B1
product liability insurance, 1L4
management framework, 10C1
professional indemnity insurance, 1L4
management policy, 10C1B
property insurance, 1L1, 4D1, 7B1, 7C2
managers, 2I6
proposer’s duty of disclosure
other meanings, 1A2A
non-consumer (business) insurance, 5B1
perception, 1A1
proposer’s pre-contractual information duty
pooling of, 1G
consumer insurance, 5B2
responsiveness and feedback loop, 10C1D
protection and indemnity (P&I) clubs, 2C
-seeking, 1A3
proximate cause, 6
sharing, 1I
identifying the cause, 6A1
with policyholder, 1I1A
meaning of, 6A
tolerance statement, 10C1C
modification by policy wordings, 6B
public bodies, 2A1D
public liability insurance, 1L4, 5B4C S
public policy, 1D3
pure risks, 1C2 salvage, 8E
self-insurance, 1K