## Glossary of Insurance Terms Accident insurance: Insurance product which covers expenses or pays the policyholder directly in the event of an accident resulting in injury. Acquisition costs: Expenses incurred by an insurance company in acquiring new policyholders or renewing existing policies. Actuary: Experts who assess risks by analyzing statistics and data, often working with insurance companies to help set rates for insurance products. Adjuster: A person who investigates and settles insurance claims.