insurance::policy
Policy
The binding contract between insurer and policyholder that specifies coverage, premium and obligations over a defined term.
Canonical Definition
Policy bezeichnet den Versicherungsvertrag als rechtlich bindendes Dokument zwischen Versicherer und Versicherungsnehmer.
Alternative Interpretations
Why the same term causes confusion across teams.
Public Policy
A government rule or strategic directive.
IT Security
A machine-enforced access or configuration rule (e.g. IAM policy).
Insurance
The legal contract issued by an insurer to a policyholder.
Business Impact
What happens when different meanings of Policy are used in parallel.
Operational Risk
Different teams treat 'policy' as document, contract or rule — workflows misroute.
AI Risk
AI agents quoting 'policy' may answer with IT-policy semantics in an insurance context.
Compliance Risk
Regulatory reporting conflates legal contracts with internal rules.
Integration Risk
APIs labelled 'policy' return incompatible objects across systems.
Related Entities
- insurance::policy → contains → insurance::coverage
- insurance::policy → issued to → insurance::policyholder
- insurance::policy → priced by → insurance::premium
- insurance::policy → amended by → insurance::endorsement
Governance Metadata
This definition is governed. Not merely documented.
- Owner
- Chief Product Officer
- Status
- aligned
- Version
- 1.0
- Effective Date
- 2025-01-15
- Source
- WikiSure Insurance Working Group
- Domain
- Insurance