Insurance & IRDAI Hub: Glossary: practical Indian finance and law guidance from Finin2min.
| Term | Meaning |
|---|---|
| Policyholder | Person holding the insurance contract. |
| Insured | Person or interest covered. |
| Underwriting | Assessment and pricing of risk. |
| Solvency | Regulatory ability to meet insurance liabilities. |
| Reinsurance | Insurance of insurer risk. |