Dictionary of Insurance (Financial Times Series)

The insurance industry has changed radically over the last decade as a result of market and regulatory changes.
The new edition of the Dictionary of Insurance has been fully updated to take into account all of these changes and provides broad coverage of insurance and insurance related terms including legal and financial terms commonly used in the industry.
The sources of change that have resulted in this new edition have been many. The convergence between the banking and insurance markets accelerated throughout the 1990s bringing with it new products and new risk management techniques under the broad heading of alternative risk transfer (ART).
This has run alongside significant changes in the regulatory processes now the domain of the Financial Services Authority. The creation of the Single European Market has been achieved by a series of Insurance Directives implemented by domestic regulations bringing the challenge of many new terms. Many other new terms have their origin in new policy forms, important legal developments and the changing business and political environment.
Containing over 3500 fully cross referenced insurance and insurance related terms, abbreviations and useful addresses, the Dictionary of Insurance provides a wealth of information for insurance professionals and non-specialists alike.