Glossary

Syndicate is a group of companies or underwriters who join together to insure very high-valued property or high-hazard liability exposures.

A systemically important financial institution (SIFI) is a bank, investment firm, insurance company, or other financial institution deemed by the Federal Reserve to pose a serious risk to the US economy should it fail.

Systemic discrimination refers to a type of discrimination claim brought by the Equal Employment Opportunity Commission (EEOC) against an employer, in which the EEOC alleges that more than 20 individuals were victims of discrimination by that employer.

Systems performance insurance guarantees the owner's debt service if the insured project cannot perform at the anticipated capacity due to deficiencies in the system's design, materials, or construction.

A system safety approach is a theory of accident causation and control based on the premise that the universe is a single system and composed of many related subsystems.