A set-up fee paid on some unit-linked investment policies.

General insurance claims that are often not made until many years after the period of cover provided, due to the impact of perils or causes not becoming evident for a number of years. Sources of laten [..]

An estimate of future profits that will emerge over the remaining term of all existing life and pensions policies for which premiums are being paid or have been paid at the balance sheet date.

On Tuesday 29 October, 1929, a record 16.4 million shares were traded on the New York Stock Exchange and the market suffered a loss of about 12%. By the end of November, investors had lost an estimate [..]

Recording of a company's financial transactions. The two most common bookkeeping methods are single entry

A company with very little external borrowing relative to the money shareholders have invested in it.

A company's unaudited full-year results, declared as a prelude to the publication of the annual report and accounts.

The valuation basis and approach used for reporting financial statements to local regulators.

An interest rate that fluctuates or is periodically reset.

An extra payment made under a life insurance policy if death is caused by an accident. The additional amount is usually equal to the face value of the policy. Also known as "double indemnity" [..]