CATASTROPHE SWAP
Financial instrument allowing insurers to guard themselves against hefty losses due to major catastrophe. Traded in the over-the-counter derivatives markets, two parties, the insurer and the investor, swap streams of periodic payments. The insurer’s payments are based on a portfolio of the investor’s instrument. The investor’s payments are based on possible natural disaster losses as postulated by a catastrophe loss index (CLI).
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Price to Tangible Book Value - PTBV
A valuation ratio expressing the price of a security compared to its hard, or tangible, book value as reported in the company's balance sheet. ...
Earnings Call
Public announcement between the management of a public firm, analysts, investors, and media to tackle the financial results within a specific repor ...
Adjusted Underwriting Profit
The profit generated by an insurance after paying out expenses and claims. Insurance companies earn their income through their financial investment ...
Tiered-Rate Account
Savings or checking account paying interest rates in increasingly greater amounts based on the investment period and the amount placed. Every tier ...
Saitori
Saitori is a member of the Tokyo Stock Exchange responsible for matching buy and sell orders in order to facilitate securities trading.
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