It stands for deferred acquisition costs; with respect to an insurance contract, it is a measure of cost that constitutes...
It stands for contractual service margin; the unearned profit that an insurance firm expects to earn from the services it...
It stands for allocated loss adjustment expenses; as an item, it is part of loss adjustment expenses (LAEs). It constitutes...
It stands for premium deficiency reserve; an amount (provision or reserve) that an insurance company sets aside, on its the...
It stands for unexpired risk reserve; an amount that an insurance company sets aside, on its the balance sheet, in...
It stands for unexpired risk provision; an amount that an insurance company sets aside, on its the balance sheet, in...
It stands for guaranteed investment contract; a contract (an insurance contract) involving retirement plans that is entered into by an...
It stands for best estimate liability; an estimation of the liability value of a portfolio of insurance policies. It refers...
It stands for variable fee approach; with respect to an insurance contract with direct participation features, it is the applicable...
It stands for guideline level premium; with respect to life insurance (particularly universal life insurance), it is the level annual...