Case Studies

Scyllogis Consulting has helped our Customers within the Insurance sector continue to achieve significantly higher levels of business performance from their IT systems. Read how we have worked with some of these Customers to achieve significant business results across the world, in our Case Studies ....

Consulting Expertise

Despite all of the articles and books on the topic, companies today are no more effective at delivering on large-scale change initiatives than they were 20 years ago. In a recent survey, 70% of the companies said their change management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1980's and 1990's. And the environment for change is only getting more complex.  Read more .......

Our People
At Scyllogis Consulting all of our consultants have significant experience gained from within the Insurance market. Our people and our culture are our greatest assets. We only select people with relevant experience, intelligence, integrity, passion and the ambition to make a mark and deliver to our Customers the Scyllogis brand values of practical, results based consultancy. Our Consultants are pragmatic and open minded. That is why we deliver solutions that others dont.....  Read More
Glossary of Terms N
The following definitions are intended for general guidance only. They do not override or qualify any definition that appears in any byelaw or regulation, in any contract or in any other document. Where a word is shown in italics it is separately defined in the glossary. 

A ¦ B ¦  C ¦  D ¦  E ¦  F ¦  G ¦  H ¦  I ¦  J ¦  K ¦  L ¦  M ¦  N ¦  O ¦  P ¦  Q ¦  R ¦  S ¦  T ¦  U ¦  V ¦  W ¦  X ¦  Y ¦  Z

Name

An individual member underwriting with unlimited liability. Since 6 March 2003 no person has been admitted as a new member to underwrite on an unlimited liability basis.

Nameco

A company that is a corporate member whose members consist of a single individual or a group of connected individuals or their nominees. Many Namecos were formed by Names who wished to cease underwriting on an unlimited liability basis.

Net claims

Gross claims less reinsurance recoveries

Net premium

The amount of the premium that is left after the subtraction of some or all permitted deductions such as brokerage and (for certain types of business) profit commission.

New Central Fund [*]

A fund which is financed by contributions from members which is may be applied by Council of Lloyd’s, at its discretion, to meet a member’s underwriting liabilities in the event that the member is unable to meet those liabilities.

Non-disclosure (of a material fact)

See duty of disclosure.

Nominated member

A member of the Council of Lloyd’s who is not an external member or a working member and whose appointment has been approved by the Governor of the Bank of England.

Non-proportional reinsurance

A type of reinsurance in which the reinsurer does not share similar proportions of the premiums earned and the claims incurred by the reassured plus certain associated expenses. Compare proportional reinsurance.
Excess of loss reinsurance is an example of non-proportional reinsurance.
Last Updated ( Thursday, 13 September 2007 )
 
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