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Insurers terms
Company news from the largest U.S. life insurers, keyed on each company's own tags.
ActuaryA specialist who uses statistics, mortality data and financial math to price policies, set reserves and measure an insurer's long-term risk.Fraternal benefit societyA nonprofit membership organization, often built around a faith, heritage or civic mission, that sells life insurance and annuities to its members.Mortality improvementThe long-term decline in death rates at each age over time, which actuaries project forward when pricing life insurance, annuities and pensions.Mutual holding companyA structure in which a policyholder-owned mutual parent controls a stock insurer, letting it raise outside capital without fully demutualizing.Mutual insurance companyAn insurer owned by its policyholders rather than shareholders, which may return surplus earnings to them as dividends on participating policies.PersistencyThe share of policies that stay in force over time instead of lapsing or being surrendered, tracked by insurers to price products and judge sales quality.Stock insurance companyAn insurer owned by shareholders, who receive its profits, rather than by its policyholders as in a mutual company.UnderwriterThe insurance company professional who evaluates an application's risk and decides whether to approve it, in which rate class, or to decline it.