S | MIA

Browse through the alphabet and find the definitions for microinsurance terminology.

A (2) | B (2) | C (21) | D (6) | E (3) | G (1) | I (7) | J (1) | L (3) | M (3) | O (1) | P (8) | R (13) | S (10) | T (3) | U (5) | V (1)

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Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:52
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:53
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:53
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:53
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:54
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:54
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:54
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:54
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:55
Safety coefficient A measure of the difference between the expected annual result of an insurance scheme and the worst possible loss than can be borne. Information on the safety coefficient enables management to make better decisions about reserve levels. Self-insurance or self-protection Refers to all the arrangements made by an individual or group to protect themselves from risk. It includes not only saving and establishing contingency reserves but also changing behavior to diminish or avoid risk. Social insurance Applies the insurance principals that persons are insured against a definite risk and that there is a social element, i.e., the program is shaped by broader social objectives rather than self-interest. Social Reinsurance Reinsurance undertaken in pursuit of social goals rather than profit. Social utility The gain to society from, in this case, insurance. Where insurance has zero or negative social utility it may be banned; where it has high social utility but low private utility it may be mandated. This depends on political will or power of authorities including community leaders. Solvable An insurance transaction is said to be solvable if the risk is observable; there is no antiselection (adverse selection), and the premium is acceptable to both parties. Spot market transaction The “spot market” implies transactions for immediate delivery of services as distinct from insurance requirement of prepayment against (possible) future delivery of services. Populations that are excluded from health insurance rely on spot payments (user fees). Subscription unit Refers to the people covered by a single membership. This may be the individual (usually in developed economies) or the household (usually in developing economies). Substitutive voluntary health insurance See Voluntary health insurance Supplementary voluntary health insurance See Voluntary health insurance	circleinteractive	Monday, August 2, 2010 - 10:55

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