Guy Browning takes a sideways look at insurance jargon

T is for
Tariff company - A band of wandering Welsh Musicians

Tariff rate -The amount of money you have to pay to stop the Tariffs singing

Ten-to-one policy - Cover against getting involved in a game show Tender bond Holding hands

Terminal bonus - Unexpected delight when train arrives on time

Third party insurance - Cover against waking up to find you've become a Liberal Democrat

Top-slicing - Preparing carrots for boiling

Tort - Small Austrian pastry

Tortfeasor - Fat Austrian with weakness for torts

Trade losses - Swapping divorce settlement horror stories

Transfer club - Difficult procedure where caddy passes golf club to pissed broker

Trapping risks - Necessity of concentrating while doing up flies

Tret - Mild Russian expletive

U is for
Ullage - Kissing with tongues

Ultra vires - Premium condom

Umpire - Vegetarian vampire

Unfair calling cover - Dog trained to attack Jehovah's witnesses

Unlicensed reinsurance - Reinsurance brokers who don't drink (rare)

Uplift - What a Wonderbra does for women physically and men emotionally

Utmost good faith - Legendary American preacher

V is for
Variance - Prototype for the Triumph Herald

Vesting - Chucking in insurance broking and becoming a labourer

Voluntary excess - Stag night

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics