| Facultative reinsurance | Reinsurance is considered on case-by-case basis. |
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| Fiscal Policy | It relates to the spending and tax initiatives of the government and it drives the national economy. |
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| Flexible Premium Annuity | A deferred annuity for which the contract owner pays periodic premiums that may vary between a set minimum and a set maximum amount. The contract owner may also elect not to make any premium payment in any given period. |
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| Floating Rate Bonds | These bonds pay an interest rate that is linked to a benchmark such as treasury bill rates. |
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| Fortuitous loss | Unforeseen & unexpected loss that occurs as a result of chance. |
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| Forwards | A tailor-made contract wher terms are negotiated between the buyer and seller |
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| Franchise deductible | Only if the stated amount of loss shown as deductible is exceeded, the insurer pays the full loss. |
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| Fund of fund schemes | Where investments are made in MF schemes instead of stocks or bonds |
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| Fundamental risk | that affects the entire economy of the nation. |
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| Future Contracts | An agreement between 2 parties to exchange an asset for cash at a prefixed future date for a price that is specified today represents a forward contract. A futures contract is a standardised forward contract. |
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