The monitoring of any actual or potential accumulation of risk (e.g. number of properties in a locality exposed to the same loss event, e.g. flood) in order to ensure that underwriting capacity is not exceeded and/or adequate reinsurance or suitable co-insurance is arranged.

insurance term referring to the accumulation of a single premium of 1 over a period of time taking account of the interest the premium will earn and the probability of the insured surviving.

A combination of hazardous risk factors affecting an insured risk, e.g. poorly constructed building, hazardous trade or poor claims experience.