Public Registry
Insurance definitions
Canonical, versioned, owner-accountable definitions for the core insurance vocabulary. Each page exposes the approved meaning, related concepts, source and last governance update — readable by people, systems and AI.
insurance::coverage
Coverage
What an insurance policy financially protects against.
insurance::claim-event
Claim Event
The triggering occurrence that may give rise to a covered claim.
insurance::policyholder
Policyholder
The person or entity that owns the insurance contract.
insurance::risk-exposure
Risk Exposure
The measurable extent to which an entity is subject to potential loss.
insurance::material-damage
Material Damage
Physical damage to insured property that affects its function or value.
insurance::deductible
Deductible
The amount the policyholder pays out of pocket before insurance responds.
insurance::loss-ratio
Loss Ratio
Incurred losses divided by earned premium — core underwriting metric.
insurance::combined-ratio
Combined Ratio
Loss ratio plus expense ratio — overall profitability indicator.
See the full validation snapshot for these terms.
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