What Is an Associate Company? An associate company, in its broadest sense, is a corporation in which a parent company possesses an ownership stake. Usually, the parent company owns only a minority stake of the associate company, as opposed to a subsidiary company, in which a majority stake is owned. The actual definition varies greatly
What Is an Associate In Fidelity And Surety Bonding (AFSB)? Associate in Fidelity and Surety Bonding (AFSB) is a certification earned by professionals in the insurance industry. To obtain this certification, candidates must complete a series of exams that cover different aspects of surety and the surety industry. Although the AFSB is ultimately bestowed by
What Is the Associate in Insurance Services (AIS) Designation? The Associate in Insurance Services (AIS) is a professional certification in the insurance industry that emphasizes general knowledge about the industry, its products, and its regulatory landscape. The AIS is administered by The Institutes, an organization dedicated to providing accreditation and continuing education to insurance professionals.
What Is the Associate in Personal Insurance (API) Designation? The Associate in Personal Insurance (API) is a professional certification in the insurance industry. As its name suggests, the API is focused on personal lines insurance, which is the type of insurance that protects against personal injury, death, or loss of property. It is one of
What Is the Associate in Reinsurance (ARe) Designation? The Associate in Reinsurance (ARe) is a professional certification in the insurance industry, which emphasizes the skills and knowledge relevant to the reinsurance sector. It is conferred by The Institutes, an organization dedicated to providing accreditation and continuing education to insurance professionals. Key Takeaways The ARe is
What Is the Associate In Research And Planning (ARP) Designation? Associate in Research and Planning (ARP) is a professional designation awarded by the Insurance Institute of America (IIA). It certifies those who have completed a series of courses and exams designed to support research and decision-making in the insurance industry. In essence, the role of
What Is an Associate In Surplus Lines Insurance (ASLI)? Associate in Surplus Lines Insurance (ASLI) is a professional designation for agents, brokers, risk managers, underwriters, claims professionals, regulators and other professionals who work in the surplus lines insurance industry. The Institutes, an industry education and accreditation body, awards the designation. Key Takeaways Associate In Surplus
What Is the Association of Government Accountants (AGA)? The Association of Government Accountants (AGA) is an organization dedicated to serving the needs of financial professionals employed by the U.S. Government or any governmental agency.  The association works to further the interest of its members in various capacities, such as through publications, events, training, awards, and
What Is the Assumed Interest Rate (AIR)? The assumed interest rate (AIR) is the rate of interest (or growth rate) selected by an insurance company. The assumed interest rate is provided to determine the value of an annuity contract and, therefore, the periodic income payment provided to the annuitant. Combined with other factors such as the annuitant’s age upon annuitization, spousal
What Are Assurance Services? Assurance services are a type of independent professional service usually provided by certified or chartered accountants such as certified public accountants (CPAs). Assurance services can include a review of any financial document or transaction, such as a loan, contract, or financial website. This review certifies the correctness and validity of the
