Glossary beginning with I

An entrepreneur performing agency activities under an agreement concluded with the insurance company. The agents’ activities focus on: customer acquisition, concluding insurance contracts, participating in the administration and performance of insurance contracts and organizing and supervising the activities of the agency

An entrepreneur performing agency activities under an agreement concluded with the insurance company. The agents’ activities focus on: customer acquisition, concluding insurance contracts, participating in the administration and performance of insurance contracts and organizing and supervising the activities of the agency

An entity authorized to pursue brokerage activities. A broker performs activities in the name of or on behalf of a person or entity seeking insurance coverage

Reinsurance activity entailing a reinsurer or reinsurers accepting a portion of the insurance or groups of insurance yielded by the cedent.

Initial Public Offering – the first public offering of certain securities. The key elements of IPO are: drafting of a prospectus and proceedings before an authority that supervises the process of granting an admission for trading