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You are in Learn Insurance > Glossary     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   If the word you are looking for is not available here; please feel free to contact us.       Actuary     Accident Benefit     ACII-     Adjustment of claims     Aggregate Deductible     Aggregate Limit of Liability     Annuity     Amount of loss     Assignment     Assurance     Assured     Average   Assurance This is usually used in Life and occasionally in Marine. The usual practice in the insurance sector is to use the word ‘Assurance’ in respect of Policies which are not strictly on an indemnity basis while the word ‘Insurance’ is used in respect of Policies on an indemnity basis.

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