Home > Glossary

Convergence

Convergence

Definition

(1) In the financial services industry, the coming together of credit institutions and insurance companies to develop products that combine the elements of each industry sector. (2) Concurrent movements of the capital and insurance markets creating structured derivative securities from event risk cash flows and using customized insurance contracts as hedges to diversify financial portfolios heretofore managed by derivative securities.
Register for Personal Lines CE Courses
Register for Commercial Lines CE Courses
Prelicense.com

Navigation

Social Media

User ID: Subscriber Status:Free