{
  "_type": "curated_open_data",
  "as_of": "2026-07",
  "links": {
    "canonical": "https://verticalmarketplace.ai",
    "docs_for_llms": "https://verticalmarketplace.ai/llms.txt",
    "sell_your_own": "https://verticalmarketplace.ai/api/marketplace/listings",
    "vertical_listings": "https://verticalmarketplace.ai/api/marketplace/listings?vertical=insurance"
  },
  "records": [
    {
      "term": "Premium",
      "category": "Pricing",
      "definition": "The amount the policyholder pays for insurance coverage.",
      "abbreviation": "—"
    },
    {
      "term": "Deductible",
      "category": "Cost-sharing",
      "definition": "The amount the insured pays before coverage begins to pay.",
      "abbreviation": "—"
    },
    {
      "term": "Loss ratio",
      "category": "Metric",
      "definition": "Incurred losses divided by earned premiums.",
      "abbreviation": "—"
    },
    {
      "term": "Combined ratio",
      "category": "Metric",
      "definition": "Losses plus expenses divided by premiums; over 100% signals an underwriting loss.",
      "abbreviation": "—"
    },
    {
      "term": "Expense ratio",
      "category": "Metric",
      "definition": "Underwriting expenses divided by premiums.",
      "abbreviation": "—"
    },
    {
      "term": "Reinsurance",
      "category": "Risk transfer",
      "definition": "Insurance purchased by an insurer to transfer part of its risk.",
      "abbreviation": "—"
    },
    {
      "term": "Ceding",
      "category": "Risk transfer",
      "definition": "Passing risk from a primary insurer to a reinsurer.",
      "abbreviation": "—"
    },
    {
      "term": "Underwriting",
      "category": "Process",
      "definition": "Assessing and pricing risk to decide whether to insure and on what terms.",
      "abbreviation": "—"
    },
    {
      "term": "Incurred But Not Reported reserve",
      "category": "Reserving",
      "definition": "A reserve for claims that have occurred but not yet been reported.",
      "abbreviation": "IBNR"
    },
    {
      "term": "Subrogation",
      "category": "Claims",
      "definition": "An insurer's right to recover paid losses from a responsible third party.",
      "abbreviation": "—"
    },
    {
      "term": "Indemnity",
      "category": "Principle",
      "definition": "Restoring the insured to their pre-loss financial position, no more.",
      "abbreviation": "—"
    },
    {
      "term": "Peril",
      "category": "Coverage",
      "definition": "A specific cause of loss such as fire, theft, or flood.",
      "abbreviation": "—"
    },
    {
      "term": "Endorsement (rider)",
      "category": "Policy",
      "definition": "An amendment that adds, removes, or changes coverage on a policy.",
      "abbreviation": "—"
    },
    {
      "term": "Actual Cash Value",
      "category": "Valuation",
      "definition": "Replacement cost minus depreciation for damaged property.",
      "abbreviation": "ACV"
    },
    {
      "term": "Risk-Based Capital",
      "category": "Solvency",
      "definition": "A regulatory measure of the minimum capital an insurer should hold for its risk profile.",
      "abbreviation": "RBC"
    }
  ],
  "sources": [
    {
      "url": "https://content.naic.org/consumer/insurance-terms",
      "name": "NAIC — Consumer Insurance Glossary"
    },
    {
      "url": "https://www.iii.org/glossary",
      "name": "Insurance Information Institute — Glossary"
    }
  ],
  "category": "glossary",
  "vertical": "insurance",
  "data_note": "All records are public-domain facts compiled from the cited sources as of the asOf date. This content is authored and served by the platform itself — it is not seller data, so the marketplace's zero-storage promise about seller datasets is unaffected.",
  "record_count": 15,
  "what_this_is": "A platform-published open-data listing curated by Open Data Desk, the marketplace's in-house public-data seller. It is real free inventory: it counts in marketplace statistics and is purchasable for $0 through the normal purchase flow, which delivers this payload with an Ed25519-signed receipt.",
  "record_schema": {
    "term": "Term, metric, or concept",
    "category": "Domain the term belongs to",
    "definition": "Plain-language meaning",
    "abbreviation": "Common abbreviation or short form"
  },
  "buyer_use_cases": [
    "Standardize terminology across underwriting, claims, and analytics documentation.",
    "Onboard new insurance staff and engineers with precise, source-backed definitions."
  ]
}