Glossary

Case management is the process relating to workers compensation claims in which the recovery and rehabilitation of an injured worker is overseen by a case manager.

The case rate is a flat fee paid for healthcare services based on client characteristics (such as diagnosis).

Case reserves cash flow plans refer to those risk financing plans that allow the insured, rather than the insurer, to derive benefits from unused funds in the form of either unpaid loss reserves or unpaid premium dollars.

Cash balance pension plans have two distinct features: (1) the employer contributes to the plan an amount equal to a percentage of an employee's yearly earnings, and (2) the plan promises a specific rate of return on that contribution.

Cash before cover is a regulatory concept applicable to multinational insurance programs, whereby insurers may not guarantee any coverage until all related premium payments have been received from the insured. China, Taiwan, and Nigeria are all cash before cover jurisdictions.

A cash call is a provision whereby large losses can be collected from reinsurers, rather than paid by the insurer on an account or from funds withheld or a loss escrow account.

A cash flow program is any insurance rating method that allows the insured to hold and benefit from loss reserves until paid as claims—for example, deferred premium plans, self-insurance, and paid loss retros.

Cash flow return on investments (CFROI) is earnings before interest, dividends, depreciation, and amortization (EBIDDA) divided by tangible assets.

Cash flow underwriting refers to rating a risk based on an expectation that any incurred losses will pay out slowly providing for the insurer to earn investment income on reserves adequate to cover any rate deficiency.

A cash refund annuity refers to an annuity payment contract that provides for refund of any principal remaining at the death of a primary annuitant.