Insurance & Reinsurance Articles
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(AI) effect on Insurance Industry and Insurance Jobs
Artificial Intelligence (AI) has the potential to revolutionize the insurance industry in numerous ways, offering benefits such as improved risk assessment, enhanced customer experience, streamlined claims processing, and more efficient operations. Read more
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Insuring the Uninsurables
Insuring the “uninsurables” refers to the challenge of providing insurance coverage for individuals or entities that are typically considered high-risk and may be difficult to insure through traditional insurance methods. These individuals or entities may have a history of high claims, pre-existing conditions, or engage… Read more
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Inexperienced Insurance Management & Board of Directors Vs Regulators
Leading an insurance company to bankruptcy can be a perilous journey for an inexperienced manager and board of directors. The path to financial ruin is often paved with poor decision-making, mismanagement of resources, and a lack of strategic planning. In this response, I will delve… Read more
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Reinsurers’ Expectations for 1st January Renewals and Concerns in Renewals of Middle East Insurance Treaties
As the calendar year comes to an end, the reinsurance industry prepares for the 1st January renewals, which is a significant event in the market. During this time, reinsurers and primary insurers negotiate terms and conditions for the upcoming year’s reinsurance contracts. This comprehensive response… Read more
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Insurance Cover in an Undeclared War
Insurance coverage in such scenarios can be intricate due to the ambiguity surrounding the nature of the conflict and the potential risks involved. Undeclared wars present unique challenges for insurance companies and policyholders alike, as traditional insurance policies may not explicitly address or account for… Read more
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Marine Insurance and War
Marine insurance and war have a complex and intertwined relationship that has evolved over centuries. The impact of war on marine insurance is significant, as it affects the risks, premiums, and coverage associated with insuring maritime activities Read more
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Natural Hazards
Natural hazards are events or processes that occur in the natural environment and pose a threat to human life, property, and infrastructure. Read more
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Retrocession
Retrocession, also known as “reinsurance for reinsurers,” is a type of reinsurance where a reinsurer transfers some of its own risk exposure to another reinsurer. Read more
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Insurance Companies’ Equity
Equity in insurance companies is a key indicator of their financial health and solvency. Read more
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Solvency
As the solvency ratio is such a crucial indicator for insurance companies, respectable Regulators have made it mandatory for all the insurers to have a solvency ratio of at least 1.5 and a solvency margin of 150%. Read more
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Types of Flood Insurance
In the context of insurance, flood and water damage refer to the destruction or loss caused by water-related incidents. Read more
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Man-Made Earthquake
Man-made earthquake is typically not covered under earthquake insurance. Read more
