Insurance Terms Crossword Puzzle

QUESTIONS LIST:

• actuary: a professional who uses mathematics and statistics to assess risk and set premium rates for insurance policies
• adjuster: someone responsible for investigating claims, evaluating damage, and determining how much the insurance company should pay.
• risk management: identifying potential risks and taking steps to minimize or mitigate them.
• underwriting: the process insurers use to assess the risk of providing coverage to an individual or entity.
• claim: a formal request to your insurance company for coverage or reimbursement for a loss or damage.
• policy term: the duration for which your insurance policy is valid.
• loss ratio: a measure of an insurance company's claims payouts compared to its earned premiums.
• depreciation: the decrease in the value of an asset over time.
• consumer reports: provides information on insurance companies' financial strength, customer satisfaction, and claims-handling.
• subrogation: the process by which an insurance company seeks reimbursement from a third party for a claim it has already paid out.