What does Risk Gap mean? Read on to discover the definition & meaning of the term Risk Gap - to help you better understand the language used in insurance policies.
The difference between the net premium plus capital and surplus and net retained insurance or reinsurance limits.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Risk Gap. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: