Insurance
Transferring or protecting risk, usually with a payment
Risk Management
Managing risks
Insurer
Company that provides insurance
Insured
What the insurance covers or protect
Insurance Agent
A person who provides insurance advice and solutions
Policy Holder
Owner of the insurance
Assignment
Transfer of policy rights
Beneficiary
Person entitled to receive insurance benefits
Insurance Coverage
The amount or value of risks to be covered
Premium
The amount paid for the insurance
Insurance Policy
An insurance contract
Claims
Request for payments as per terms of insurance policy
Lump Sum
One-time payment
Single Premium
One-time payment
Regular Premium
Regular Payment
Cash Value
Value of insurance policy upon immediate termination
Reinsurance
Transferring risk of company that provides insurance
Reinsurer
Company that provides reinsurance
Co-insurance
Sharing risks or payments
Participating
Sharing future profits and decreased in profits for the savings insurance policy
Non-participating
Values of savings insurance policy is pre-determined and is not subject to profit of loss.
Underwriting
assessing and deciding process for risks of an insurance policy
Actuarial Science
Using mathematical and statistical methods to assess risk in insurance, finance and other industries and professions
Life Insurance
Cover the life of a person against death.
TPD Insurance
Stands for Total Permanent Disability. Cover risks of person who becomes permanently disabled.
Usually defined as: Loss of 2 eyes, 2 arms or 2 legs.
Critical illness Insurance
Covers risks of getting stated critical illness
Endowment
An insurance and savings plan that pays a lump-sum upon maturity or upon death
Whole-life
An insurance and savings plan with no maturity, and is payable upon withdrawal, termination or death.
Universal Life
An insurance and savings plan with regularly adjusted interested rate. No maturity, flexibility of withdrawal, and can be terminated or upon death
Investment-linked Policy
An insurance policy with returns linked to investments
Annuity
An insurance and savings plan with regular payout that may terminate upon reaching zero value or death
Health Insurance
Cover medical, hospital and surgical expenses
Disability Insurance
Cover risks of not being able to work due to disability
Term Insurance
Life insurance coverage with a specified period
Keyman Insurance
Cover stated risks of important person
Example: Bruce Springsteen voice was Lloyd’s for $6 million
Accident Insurance
Cover risks of accidents
Riders
Additional insurance coverage added to a policy
General Insurance
Non-life insurance
Travel Insurance
Cover risks of travel
Car Insurance
Cover risks of car accidents
Fire Insurance
Protect risks of fire
Act of God
Events that happen outside human control such as natural disaster
Indemnity
What will be excluded
Benefit insurance
What must be paid regardless
Insurable interest
Insured must directly suffer from the loss.
Utmost good faith / Uberrima fides
Insured and insurer are bound by a good faith bond of honesty and fairness. Material facts must be disclosed.
Subrogation
Insurer has legal rights to recover damages to those who are liable for the insured, on behalf of the insured.
Causa proxima / proximate cause
Cause of loss must be covered and the dominant cause must not be excluded
Did you know
Maritime Insurance is the earliest known insurance contract in 1347 Genoa, Italy
Welcome to Caproasia
Managing $20 million to $30 billion assets
The leading financial platform covering capital market, investments, private wealth & family office in Asia. For top investment professionals, advisors, investors, business leaders. Join 11,000+ top investment professionals, institutional investors, professional investors & advisors. Our users typically manage $20 million to $30 billion of assets, invest $3 million to $300 million, or advise institutions, billionaires, UHNWs & HNWs.
Caproasia.com | Newsletter Daily 2 pm | Caproasia Access | The Financial Centre | Family Office Circle | Family Office Summit | Investment Day | Latest News | Reports | Insights | Subscription | Membership & more
Register / Contact Us:
For Investment Professionals, Chief Investment Officers, Head of Investments, Portfolio Managers, Funds Managers, Traders, Investment Advisors, Private Bankers, HNW Wealth Managers, Family Offices, Investment Bankers, Private Equity, Venture Capital, CEOs, Executives & Leaders managing & investing $20 million to $30 billion assets in Asia.
Intelligence at your fingertips – Capital Market, IPO, Equity, Fixed Income, Bonds, Unit Trust, Mutual Funds, Foreign Exchange, Trading, Deals, M&A, Buyouts, Bankruptcy, Default, Alternative Investment, Private Equity, Venture Capital, Private Markets, Real Estate, Hedge Funds, Investment Banking, Private Banking, Family Office, Sovereign Wealth Funds, Pension Funds, Fund Managers, Asset Managers, Institutional Investors, Professional Investors, Chief Investment Officers, Billionaires, UHNW, HNW, Next Generation, Citizenship & more
Useful & Relevant – Deal size & liquidity that matters – from $300 million to $1 billion & above. Manage risks – Lawsuits, disputes, tax, fines, suspensions, jail, hostile takeover, insider trading, conspiracy, poaching, espionage, conflict of interest. The big money movers – Follow the rainmakers, risk takers, deal-makers & game-changers. The only comprehensive financial & investment coverage in Asia for investment managers, advisors, professional investors & leaders managing $20 million to $30 billion assets.
Caproasia Users & Coverage – Citi, HSBC, UBS, Goldman Sachs, JP Morgan, Morgan Stanley, BNP Paribas, Deutsche Bank, Barclays, Bank of China, Hang Seng Bank, DBS, OCBC, UOB, Bank of Singapore, Julius Baer, Pictet, BlackRock, Vanguard, Amundi, Fidelity, Schroders, Natixis, States Street, Allianz, BNY, Invesco, Franklin Templeton, KKR, Blackstone, Carlyle Group, Apollo, CVC, TPG, EQT, Bridgewater Associates, Renaissance Technologies, Citadel, Millenium, Two Sigma, ADR, Sequoia Capital, Tiger Global Management, Andreessen Horowitz, Legend Capital, Lighstpeed Venture Partners, Norway Government Pension Fund Global (Norges Bank IM), China Investment Corporation (CIC), Abu Dhabi Investment Authority (ADIA), Kuwait Investment Authority (KIA), Public Investment Fund (PIF), GIC Singapore, Temasek, Qatar Investment Authority (QIA), Hong Kong Monetary Authority Investment Portfolio, Mubadala Investment Company, Korea Investment Corporation (KIC), Australia Future Fund, NZ Super Fund, China Life, Berkshire Hathaway, Munich Reinsurance, Ping An, Nippon Life, AIA, Prudential, AXA, Tokio Marine, MetLife, Aviva & more
Billionaires & family offices – Elon Musk, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Bill Gates, Bernard Arnault, Larry Ellison, Larry Page, Sergey Brin, Steve Ballmer, Walton family, Amancio Ortega, Michael Dell, Carlos Sim, Jensen Huang, Francoise Bettencourt Meyers, Koch family, Giovanni Ferrero family, Mars family, Stephen Schwarzman, Ken Griffin, Wertheimer family, Abigail Johnson, Mackenzie Scott, Changpeng Zhao, Gina Rinehart, Manuel Villar, James Dyson, Ray Dalio, Henry Kravis, Melinda French Gates, Jim Ratcliffe, Rupert Murdoch, Dassault family, Laurene Powell Jobs, Steven Spielberg, Roman Abramovich, Mark Cuban, Georgio Armani, George Soros, Michael Bloomberg & more
Billionaires & family officesin Asia – Mukesh Ambani, Gautam Adani, Zhong Shanshan, Zhang Yiming, Jack Ma, Ma Huateng, Tadashi Yanai, Lei Jun, Colin Huang, Shi Nadar, Zheng Yuqun, Shapoor Mistry, William Ding, Savitri Jindal, He Xiangjian, Changpeng Zhao, Eduardo Saverin, Li Ka-shing, Ng Teng Fong family, Wee family, Low Tuck Kwong, Lakshmi Mittal, Henry Cheng, Robert Kuok, Sukanto Tanoto, Anthoni Salim, Lee Shau Kee, Masayoshi Son, Charoen Sirivadhanabhakdi, Goh Cheng Liang, Jay Y. Lee, Terry Gou, Joseph Tsai, Wang Jianlin, Forrest Li, Jaran Chiaravanont & more
2025 Upcoming Events
> The 2025 Investment Day Hong Kong – July / Sept / Oct
> The 2025 Investment Day Singapore – July / Sept / Nov
> The 2025 Family Office Summit Hong Kong – Oct
> The 2025 Family Office Summit Singapore – Nov
Caproasia Subscription – To Your Inbox
> Subscription – Basic $180 | Professional $680 | Executive $2,000 Per Year
> Membership – Basic $60 | Professional $680 | Executive $2,000 Per Year
