Category: Insured
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Trending Topics in the Insurance Industry
The insurance industry is undergoing significant transformations driven by technological advancements, changing consumer expectations, regulatory developments, and emerging risks. Below are some of the key trends currently shaping the landscape of insurance. 1. Digital Transformation and Insurtech Innovations The rise of insurtech companies has revolutionised… Read more
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Leading Saudi Arabian insurance company and its continuity in the future, why? And the fate of existing insurance companies
This article is addressed to existing businesses and new businesses seeking investment opportunities in the Kingdom and looking for a solid insurance company’s foundations to protect their investments. The Saudi Arabian insurance market is undergoing significant transformation, particularly with the establishment of the new Insurance… Read more
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What, When, Where and Why Insurance
Why to Insure Insurance is essential for protecting yourself and your family from financial hardships that can arise from unforeseen events. It provides a safety net that helps cover costs associated with accidents, illnesses, or other unexpected occurrences. The primary reasons to insure include: With… Read more
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The Relationship Between Insurance Cover and War
1. War Risk Insurance War risk insurance is a specialized form of coverage designed to protect policyholders from financial losses resulting from events associated with war, including invasions, insurrections, riots, strikes, revolutions, military coups, and terrorism. Standard insurance policies typically exclude these risks due to… Read more
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Protection and Saving Insurance in brief
These types of insurance policies serve different purposes, with protection insurance focusing on providing financial support in case of death, illness, or disability, while saving insurance aims to accumulate wealth over time through regular contributions. Read more
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Alternative Risk Transfer Mechanisms
Alternative risk transfer mechanisms offer a valuable tool for businesses and individuals seeking to manage and transfer risk effectively. By providing flexibility, capacity, and tailored solutions, ART mechanisms can help to improve risk management, enhance financial stability, and potentially reduce costs. Read more
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Insured Should Ensure in Any Insurance Cover
When obtaining an insurance policy, it is essential for the insured to carefully review the terms and conditions to ensure they have adequate coverage. Here are some key aspects that the insured should make sure to have in any insurance cover: Read more
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Embedded Insurance
Embedded Insurance: refers to insurance coverage that is integrated into the purchase of a product or service, providing consumers with seamless protection without the need for separate transactions. Read more
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Signs of Probable Faulting Insurance Company
1. Declining Financial Performance. 2. Regulatory Actions. 3. Ratings Downgrades. 4. Solvency Concerns… 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
