General Insurance Abbreviations Flashcards

1
Q

FON

A

Firm Order Noted

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2
Q

Agg

A

Aggregate

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3
Q

AOC

A

Any One Claim

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4
Q

AP

A

Annual Premium

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5
Q

CAT

A

Catastrophe

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6
Q

CI

A

Costs Inclusive

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7
Q

CIA

A

Costs In Addition

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8
Q

D and O

A

Directors and Officers

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9
Q

XS

A

Excess

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10
Q

E and O

A

Errors and omissions

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11
Q

EEC

A

Each and every claim

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12
Q

EMEA

A

Europe, Middle East and Africa

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13
Q

EPI

A

Estimated premium income

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14
Q

FAC RI

A

Facultative Reinsurance

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15
Q

FP

A

First Party

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16
Q

GL

A

General Liability

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17
Q

HCR

A

High conduct risk

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18
Q

ILF

A

Increased Limit Factor

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19
Q

IP

A

Intellectual property

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20
Q

JV

A

Joint venture

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21
Q

LOI

A

Limit of Indemnity

22
Q

LR

A

Loss run/loss ratio

23
Q

Ltd

A

Limited

24
Q

MEP

A

Marine, Energy and Property

25
Q

MIICL

A

Markel International Insurance Company Limited

26
Q

MINT

A

Markel International

27
Q

MKL 3000

A

Markel’s Syndicate

28
Q

ML

A

Management liability

29
Q

NCD

A

No claims declaration

30
Q

NDA

A

Non-disclosure Agreement

31
Q

NTU

A

Not taken up

32
Q

O/M

A

Open Market

33
Q

PACE

A

Personal accident, contingency and entertainment

34
Q

PFR

A

Professional and Financial Risks

35
Q

PI

A

Professional Indemnity

36
Q

PL

A

Public or Products liability

37
Q

PLC

A

Public limited company

38
Q

Q/S

A

Quota share

39
Q

RP

A

Return premium

40
Q

SFL

A

Specialty and financial risks

41
Q

SIR

A

Self-Insured retention

42
Q

SLA

A

Service Level Agreement

43
Q

SME

A

Small medium enterprise

44
Q

TOBA

A

Terms of business agreement

45
Q

TP

A

Third Party

46
Q

UST

A

Underwriting Support Team

47
Q

UW

A

Underwriter

48
Q

VRI

A

Very rough indication

49
Q

XOL

A

Excess of loss

50
Q

YOA

A

Year of Account

51
Q

FI

A

Financial Institutions