Glossary beginning with C

A person assigning a liability to a buyer

The amount of money that the insurer pays out from the insurance in the case of an event covered by the insurance contract

Combined Ratio - combined ratio calculated for the non-life sector (class II). It is the ratio of all the insurance expenses related to insurance administration and payment of claims (i.e. the costs of claims, acquisition and administration) to earned net premium in a given period

Combined Ratio - combined ratio calculated for the non-life sector (class II). It is the ratio of all the insurance expenses related to insurance administration and payment of claims (i.e. the costs of claims, acquisition and administration) to earned net premium in a given period

Method of evaluating the reliability of the entity (usually an individual or company) applying for a bank loan. The result of credit scoring is usually depicted in the form of a point - the more points, the higher the credibility of a potential borrower.

A strategy for selling a given insurance product in conjunction with other supplementary insurance product or a product offered by the insurer’s partner, e.g. bank. The example of such products are bank and insurance products, such as credit insurance

Corporate Social Responsibility – a concept according to which, upon drafting its strategy, a company voluntarily includes in its social interests and environment protection issues, as well as relations with various interest groups

Corporate Social Responsibility – a concept according to which, upon drafting its strategy, a company voluntarily includes in its social interests and environment protection issues, as well as relations with various interest groups