Glossary
Insurance terms, defined plainly
3 terms · each with the coverage we hold on it
The vocabulary that turns up in insurtech headlines, written out in plain language. Every term links to the stories in our archive that mention it, so a definition sits next to what it looks like in practice.
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Insurance broker
An insurance broker arranges coverage for a policyholder, shopping terms across insurers rather than representing just one carrier.
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Reinsurance
Reinsurance is insurance that insurers buy to shift part of the risk they have underwritten onto another carrier, for a share of the premium.
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MGA
A managing general agent, or MGA, is a specialist firm an insurer authorizes to underwrite and bind policies on its behalf.