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Insurance Industry

Key Vocabulary and Phrases for English Learners


This core vocabulary reference sheet provides key words and phrases used in the insurance industry. This vocabulary can be used in English for specific purposes classes as a starting point for insurance industry related English. Teachers are often not equipped with the exact English terminology required in very specific trade sectors. For this reason, core vocabulary sheets go a long way in helping teachers provide adequate materials for students with English for Specific Purposes needs.

act of God
acts of vandalism
against all risks - full cover
all-risks policy
annual premium
annuity due
annuity policy
assess a damage
assess the value
assistance branch
to be covered by the insurance
to be insured
to bear all risks
bilateral agreement
to block insurance
burglary insurance
car insurance
cargo underwriter
casualty insurance
ceding company
certificate of insurance
change of profession
civil commotion
insurance franchise
insurance in favour of another
insurance policy
insurance premium
to insure
insure against all risks
insure baggage against loss
insure one's life
to issue a policy
lapsed policy
level premium
level premium insurance
liability insurance
life assurance
life policy
to make out a policy
malpractice insurance
marine insurance
marine insurance company
marine underwriter
master policy
multi-risk policy
multiple-line underwriter
non-cancellable policy
claim form
claims department
claims manager
compensation for damages
comprehensive motor policy
to cover all risks
credit insurance
to damage in transit
damage survey
dangerous activities
deferred annuity
deferred premium
disability insurance
disallow a claim
draw up a policy
endowment life policy
endowment policy
estimate of damages
extended coverage
extended guarantee
extended term insurance
fire insurance
non-medical policy
obligatory insurance
open policy
ordinary life assurance
partial disability
period of insurance
permanent disability
perpetual annuity
policy holder
policy to bearer
policy to order
premium adjustment
private insurances
re-insurance company
recovery of damages
to redeem a policy
to refund for a loss
to refuse to settle a claim
registered policy
to reinsure
retirement annuity
fire risk only
first-loss policy
first premium
fixed annuity
fleet policy
general insurance
goods-in-transit policy
government subsidised insurances
green card
guaranteed annuity
hail insurance
hidden damage
householder's policy
hull underwriter
hybrid annuity
in case of theft
increasing annuity
indemnify - to refund
industrial accident insurance
insurance againt damages
insurance company
insurance contract
insurance coverage
risk evaluation
risk spreading
to settle a claim
settling agent
single-premium policy
single premium
social security insurances
spontaneous combustion
standard policy
step-rate premium insurance
sum insured
temporary annuity
theft policy
time policy
total disability
variable annuity
voluntary insurance
voyage insurance
war risks
whole life assurance

English for Specific Purposes Core Vocabulary Lists

English for Advertising
English for Banking and Stocks
English for Book Keeping and Financial Administration
English for Business and Commercial Letters
English for Human Resources
English for the Insurance Industry
English for Legal Purposes
English for Logistics
English for Marketing
English for Production and Manufacturing
English for Sales and Acquisitions

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