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closed

In mathematics, descriptive of a set of data for which an operation (such as addition or multiplication) done on any members of the set gives a result that is also a member of the set.

For example, the set of even numbers is closed with respect to addition, because two even numbers added to each other always give another even number.



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Prudential and MONY securitized closed books of business that arose from their demutualizations, said Mike Millette, managing director of risk markets for investment banker Goldman Sachs.
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Given that Scottish Widows is the UK's primary life insurance brand, it became the sole brand for all distribution channels," he explains, "and no new business was written in the other two, making them closed books.
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In parallel, we will work with our clients to create new business processing services, based on NaviSys technology and Accenture's global sourcing assets, to help life insurers reduce operating costs on closed books of business and on open books.
Accenture Completes Acquisition of NaviSys, a Leading North American ... by Business Wire
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