Multiline insurance

Multiline insurance,

Definition of Multiline insurance:

  1. The term also comes to refer to an insurance agency that writes policies for several different lines of insurance products. These various products will include coverage for a variety of risk categories.

  2. Multiline insurance can refer to complex insurance instruments that a company may use to bundle the risk exposures of multiple corporate insurance obligations into one insurance contract.

  3. A kind of insurance instrument that bundles multiple similar types of exposure to risk into one single insurance policy. The reasoning for this is that insurance companies can cover a wide variety of exposures, but it is more manageable for these insurers to use a single multiline contract for managing the overall portfolio of these risks.

How to use Multiline insurance in a sentence?

  1. Bundling insurance is meant to reduce the overall premium and make year-end accounting easier.
  2. Multiline insurance can also refer to an insurance agency that writes policies for several different lines of insurance products that include coverage for a variety of risk categories.
  3. Multiline insurance most often refers to complex insurance instruments a company may use to bundle the risk exposure of multiple corporate insurance obligations into one insurance contract.

Meaning of Multiline insurance & Multiline insurance Definition