Insurance Glossary

Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.

  • Lloyds

    Lloyd’s of London, generally known as Lloyd’s, is not an insurance company in the traditional sense and it’s an insurance marketplace, or a “society of members,” where various syndicates come together to underwrite insurance risks.