Operates in the same way as difference in conditions insurance by providing excess limits of indemnity over the limits of locally arranged insurances purchased overseas.

A newly introduced (2004) examination-based qualification recognising the technical’ development achieved by those with a growing understanding of the industry. It requires candidates to pass a 110 credit threshold. Successful CII members can apply to use the designation ‘Dip CII’. See ADVANCED DIPLOMA IN INSURANCE.

An arrangement that enables certain motor syndicates at Lloyd’s to deal directly with non-Lloyd’s brokers. However, the premiums payable have to be guaranteed by, and paid through, a Lloyd’s broker.

UK: an immediate insurer of a risk, as opposed to a reinsurer who insures derivative risks, that is the risks assumed by a direct insurer.
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UK: An insurer, as opposed to a reinsurer. The direct insurer provides the primary insurance for the business community or general public with or without the involvement of an intermediary. In the US particularly, the term is also used for an insurer dealing direct with their policyholder and not through brokers or agents.
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RAW: See: direct writer .

a friendly society which is subject to the provisions of the EC Insurance Directives, as implemented in UK law.