| Case Studies |
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Scyllogis Consulting have been helping customers within the Insurance sector continue to achieve significantly higher levels of business performance from their data management programmes and information systems since 2001. Read how we have worked with some of these customers to achieve significant business results across the world, in our case studies. |
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Insurance organisations today are no more effective at delivering on large-scale data management initiatives than they were 10 years ago. In a recent survey, 70% of the companies said their data management initiatives did not deliver the expected results. That success rate was unchanged from similar surveys conducted in the 1990's. And the environment for data management is only getting more complex.....
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| Our People |
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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
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| Glossary of Terms P |
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Page 1 of 2 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 Particular averageA partial loss of a ship or cargo which is caused by an insured peril and which is not a general average loss. The term partial loss may be used instead. PerilA harmful event which may be covered under a contract of insurance or reinsurance as an insured peril or excluded from it. Personal accident insuranceA type of insurance which provides for the payment of specified sums in the event that the insured suffers some bodily injury as a result of an accident. Personal lines insuranceInsurance which is sold to individual consumers such as buildings, contents and travel insurance. This term is used in contrast to commercial lines. Personal reserve fundA reserve of cash or investments held on behalf of a member and comprising part of his funds at Lloyd’s. The reserve, which is held within the premiums trust fund of the member, may be built up by setting aside a proportion of past profits or by the setting aside of funds from other sources. It is separate from any special reserve fund the member may have. Placement (of cover)Where a broker effects an insurance or reinsurance contract with underwriters on behalf of its client. Placing brokerThis term may refer to an individual broker or a broking firm that places cover directly with one or more underwriters. Compare producing broker. Placing slipSee slip. PolicyThe wording of a contract of insurance or reinsurance. Policy holderThe person who is insured under a contract of insurance. Policy limitAnother term for limit of indemnity. It refers to the maximum amount payable under a policy of insurance or reinsurance, either overall or with reference to a particular section of the policy. Pre-emptionWhere a managing agent increases the underwriting capacity of a syndicate, for example when it expects to write more business in future. The participations of the members of the syndicate are increased proportionately to the extent the managing agent’s pre-emption offer is taken up. Premium
The amount charged by an insurer or reinsurer as the price of granting insurance or reinsurance cover, as stated before or after the subtraction of brokerage and other deductions. |
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| Last Updated ( Thursday, 17 November 2011 ) |
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