Energy insurance is a type of insurance that helps protect against potential financial losses and liabilities associated with working in the energy industry. This can include coverage for property damage, personal injury, environmental contamination, and other things. Introduction The 2005 hurricane season was particularly devastating for the offshore energy sector in the Gulf of Mexico. […]
General Insurance
Difference Between Insurance Policy and Consequential Loss Policy
Let us consider the example. The fire accident has the potential to not only protect the goods and machinery but also impact the projects that are ongoing and are in the pipeline of the industry. The general fire insurance policy like Standard Fire and Special Perils policy covers fire and allied perils but not the […]
Solar Module Performance Warranty (SMPW) Insurance
Installing solar panels is an excellent way to eliminate power bills and use clean energy to power the space. Thus, it is crucial to protect your investment through a solar panel insurance policy so that you can get the most value from solar panels. Like all warranties, solar module warranty, and panel warranties protect the […]
Key Differences between Life, Marine and Fire Insurance
Life insurance, fire insurance, and marine insurance are three different types of insurance policies that provide protection against different types of risks. Life insurance is a contract between an insurer and the insured party that provides financial support to the insured party’s beneficiaries in the event of their death. The policyholder pays a premium to […]
How to compare insurance quotes? Things to remember
Whatever insurance policy that you buy, you have to pay a premium for the same. Premium is the consideration that is paid for the insurance contract. It is like the cost of securing the coverage. The premium for insurance policies is not the same across insurance companies. Every company has its own pricing policy determined […]
Why are the Insurtechs making Rapid Inroads?
The traditional insurance operating model is an extraordinarily robust one that operated for a long period of time. However, it is starting to experience the digital impact as well. It is altering the delivery of services and products, as well as the structure of those services and products, and even the operating model itself. In […]
Augmenting role of Social Insurance
Guest Contributor: Himanshu Kalra E-mail: himanshukalra@outlook.in Disclaimer : Views expressed in the article are solely of the author. Unemployment in America rose higher in three months of COVID-19 than it did in two years of the Great Recession. It recorded 14.7% unemployment rate in April 2020 which is highest in the country in post – […]
Intermediaries and the enhanced foreign investment limit
Published in Asia Insurance Review. In 2019 the Indian government permitted 100% foreign investment in insurance intermediary companies. Has this move been useful and productive for them? Asia Insurance Review spoke with SecureNow’s Mr Kapil Mehta to understand the implications of the change. The insurer and the insured are the two main components of insurance; […]
How are Claims Estimated in General Insurance Policies?
General insurance policies are non-life insurance policies that provide coverage for a wide range of risks and liabilities. They include insurance products such as property insurance, motor insurance, health insurance, travel insurance, liability insurance, and other types of coverage that protect individuals, businesses, and assets against potential losses or damages. Claim payments under general insurance […]
Common General Insurance Terms You Should Be Aware Of
Here are some of the commonly used general insurance terms: Insurance: It is a contract between two people (or companies) wherein one of the persons agrees to cover the risk of the former and promises to compensate him in the case of any loss. Proposal: It is the application form for applying for insurance cover. […]