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What is auto Insurance ?
What is auto insurance ? The insurance is covered by a contract or agreement between two parties. The first party is the insurance c...
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Probability of loss / chance of loss
Probability of loss / chance of loss For example, leaving the keys inadvertently in the car door increases the risk of theft and the ...
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Motor Insurance Claims
Motor insurance claim, facilitates the repair of the vehicles in any of the cashless garage  network. Nevertheless, if the vehicle i...
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Self-insurance retention / SIR
Stif 30 May 2019
Self-retention is the percentage of risk that a person holds for his own account without being insured or reassured. Self-retention i...
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Insurance in terms of risk insured from it
Stif 30 May 2019
Insurance in terms of risk insured from it The insurance can be divided into different branches on the basis of the type of insured ...
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Loss of profit insurance
Loss of profit insurance provides protection to the insured against: 1 Loss of net profit as a result of production shortfall or in...
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Fire Insurance
Fire insurance documents vary in conditions, exceptions and wording from country to country and from time to time. Therefore, we wi...
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Life Reassurance
The return of life insurance is a method whereby the life insurance company, which insures the life of the insured, transfers pa...
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Deferred life insurance
Deferred life insurance means deferring protection (death risk coverage) in the early years of issuing the document. Therefore, th...
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Temporary life insurance
Is a temporary life insurance but includes a condition that allows the contractor to convert the temporary document into any monetary...
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PRICING PROCEDURE
The previous section dealt with the concept of insurance pricing. This section will deal with the  pricing procedure, and its ...
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OVERVIEW OF INSURANCE PRICING
The success of the competitive market depends on pricing. Basically, price is the value that  sellers set on the products they ...
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Financial objectives of an insurance company
Insurance is a vital element of any sound financial plan. Insurance companies are financial  institutions with financial goals. In...
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Gap insurance
Gap insurance covers the excess amount on your auto loan in an instance where your insurance  company does not cover the entire l...
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Dealing with insurance cycle
While many underwriters believe that the cycle is out of their hands, Lloyd’s is trying to push for  more proactive management of...
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Closed community self-insurance
Stif 29 May 2019
Some communities prefer to create virtual insurance amongst themselves by other means than  contractual risk transfer, which assign...
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