History of Insurance
This market is considered one of the oldest and most notable insurance markets in the world located in London.
What is Lloyds of London?
This term refers to the amount of money a policyholder pays for their insurance policy.
This type of insurance helps to protect against the loss of life.
What is life insurance?
This company is known for its "Like a good neighbor..." slogan and often features a guys named Jake.
What is State Farm?
The first chapter, the Alpha Chapter, was established at which University?
What is the Ohio State University?
This type of insurance became widespread in the 1900's and helps to cover medical expenses.
What is health insurance?
A professional who uses math and statistics to assess and manage risk is known as this.
What is an actuary?
This type of insurance provides coverage for injuries or damage to the policyholder's vehicle.
What is auto insurance?
This local insurance company insured Jason Kelce's, now lost, Super Bowl ring.
What is the Cincinnati Insurance Companies?
This is the term first coined by merchants signing their names at the bottom of a money pooling contract for sea voyages.
What is underwriting?
A policyholder must pay this before the insurer will pay a claim.
What is a deductible?
This form of insurance is designed to provide healthcare coverage for medical expenses.
What is health insurance?
This insurance company is known for insuring unusual risks including Gene Simmons (KISS bassist) tongue.
What is Lloyds of London
What is GIS Annual Conference?
In 2010, this law was passed in the U.S. to overhaul the healthcare system, including the introduction of the individual mandate for health insurance.
What is the Affordable Care Act?
The process of spreading risk across multiple parties in order to reduce financial risk exposure is known as this.
What is risk pooling?
This type of insurance acts as insurance for insurance companies.
What is reinsurance?
In 2005, this company, which started in 1935 as a non-profit providing health insurance to the needy, became the largest health insurer in the U.S.
What is United Healthcare?
This is the emblem of Gamma Iota Sigma, commonly seen on marketing materials.
What is a shield?
This ancient civilization is credited the earliest forms of insurance by pooling money to fund losses on sea voyages.
What is Ancient Babylon?
This term refers to the amount of coverage that exceeds the limits of the underlying policy, often used to cover LARGE CLAIMS.
What is excess liability?
This type of insurance acts as insurance for reinsurance companies.
What is retrocession?
This global reinsurance company, founded in 1880 and headquartered in Germany, is one of the world's largest providers of reinsurance and insurance.
What is Munich Re?
This group of individuals runs Gamma Iota Sigma on a national scale, helping university chapters run smoothly and establishing new chapters.
What is Grand Chapter?