Definition
A subjectivity is a condition an insurer attaches to coverage: something the insured must do, usually by a stated date, for the policy’s terms to stand. The name comes from the policy language — cover is “subject to” the condition being met.
Subjectivities in the Jigsaw Program
Insurers use subjectivities with Jigsaw in two ways:
- Adoption — the insurer makes adopting the Jigsaw system a condition of the insurance, with staged timeframes. Jigsaw U’s Jigsaw Subjectivities course walks a new organization through the stages, from board adoption to a working system.
- Renewal conditions on the grade — for example, achieve a GMR of C within six months and maintain it. An organization genuinely using the system clears that grade in the course of its own work.
Why This Matters
Subjectivities are where the insurance and the system connect in practice. Because the GMR measures the running of the system continuously, a GMR subjectivity is a condition the organization can watch itself meeting, week by week — cover that reflects how well the risk is actually managed, on a measure both sides can see.
Related Entries
- Governance Maturity Rating (GMR)
- Claim
- Circumstance