Salaries, overhead, and other related adjustment costs not specifically allocated to the expense incurred for a particular claim.
The practice of separating risk handling and risk funding services either from a multi-line insurer or from themselves. Captives that require a ‘front’ may also be required to purchase all or some of the services from the same insurer. This is a ‘bundled’ programme. Unbundling indicates the ability to purchase services from any vendor, not just those associated with the fronting insurer.