A liability on the balance sheet that represents the insurance policy premium that has not been "earned" to date by the company. What does UPR stand for?
UNEARNED PREMIUM RESERVE
100
This group is committed to supporting clients in a collaborative partnership through risk identification, analysis, evaluation & risk control. Implement risk control measures and monitoring results. What does ARC stand for?
ALLIANZ RISK CONSULTANTS
100
Type of bank account where the end of day balance in the account is maintained at zero. Transfers are made from a master account to fund these accounts.
What does ZBA stand for?
ZERO BALANCE ACCOUNT
200
Payments that are not identifiable to a specific claim, such as salaries, rent and overhead expenses of internal claim adjusters. What does ULAE stand for?
UNALLOCATED LOSS ADJUSTMENT EXPENSE
200
Serving the needs of the North American Commercial P&C market this Allianz insurance company serves the USA, along with a branch in Canada. What does AGR stand for?
ALLIANZ GLOBAL RISK
200
Method of measuring the minimum amount of capital appropriate for a reporting entity to support its overall business operations in consideration of its size & risk profile. What does RBC stand for?
RISK BASED CAPITAL
300
One OE has the worldwide responsibility for the client and the business that is centrally placed. The other OE serves the client (e.g. claims handling) locally through the local AGCS office. What does LOE/SOE stand for?
LEADING ORGANIZATIONAL ENTITY / SERVICING ORGANIZATIONAL ENTITY
300
A company within AGCS which provides global insurance for all types of risks related to the sea/ocean, from covering single vessels to the most complex multinational businesses. What does AMIC stand for?
ALLIANZ MARINE INSURANCE COMPANY
300
A promise/financial instrument by the issuing bank to pay a certain amount under specific circumstances.
What does LOC stand for?