8e45597f_ossary___MicroInsurance_Centre__Term
[Definition] Mechanism, used by insurers to share risk with policyholders and reduce moral hazard, that establishes an amount or percentage which a policyholder agrees to pay, per claim or insured event, toward the total amount of an insured loss. [Term] 
Excess (or Deductible)
Glossary - MicroInsurance Centre
Term