The document discusses various types of insurance such as engineering insurance, fire insurance, marine insurance, terrorism insurance, motor insurance, and miscellaneous insurance. It provides details on each type of insurance including what risks are covered, products offered, and principles of insurance related to insurable interest, indemnity, and utmost good faith. The document also includes sections on what is insurance, the difference between an insurance contract and policy, the meaning of risk, and why insurance is important.
Compare business insurance online and get cheap business insurance quotes from specialist providers. Quickbima's business insurance can be tailored to your unique needs, so you get the comfort of comprehensive protection – whatever business you're in. checkout: https://www.quickbima.com/business-insurance/compare-small-business-insurance
Marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby by agreed, against marine losses, i.e. the losses incident to marine adventure
PRESENTATION ON “ STUDY OF SALES PROMOTION’’ AND “ANALYSIS OF INSURANCE B...Muthoot finance Ltd
Meaning of INSURANCE ,Indian Insurance Industry Overview Types of Insurance ,Examples of INSURANCE Company ,How does insurance work?, tax benefits on insurance
Compare business insurance online and get cheap business insurance quotes from specialist providers. Quickbima's business insurance can be tailored to your unique needs, so you get the comfort of comprehensive protection – whatever business you're in. checkout: https://www.quickbima.com/business-insurance/compare-small-business-insurance
Marine insurance is a contract whereby the insurer undertakes to indemnify the assured, in manner and to the extent thereby by agreed, against marine losses, i.e. the losses incident to marine adventure
PRESENTATION ON “ STUDY OF SALES PROMOTION’’ AND “ANALYSIS OF INSURANCE B...Muthoot finance Ltd
Meaning of INSURANCE ,Indian Insurance Industry Overview Types of Insurance ,Examples of INSURANCE Company ,How does insurance work?, tax benefits on insurance
Como usar el geomarketing para promocionar el turismoGersón Beltran
Introducción al curso de "Cómo usar el geomarketing para promocionar el turismo", a la venta en la plataforma Witcamp http://www.witcamp.com/cursos/como-usar-el-geomarketing-para-promocionar-el-turismo
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IMF Business School - MBA en Turismo y Ocio
Universidad Camilo José Cela
Madrid, 18 de noviembre de 2015
QNBFS Daily Technical Trader - Qatar February 15, 2017QNB Group
The Index closed flat last Monday but
looks fairly bullish on the intraday chart
as it bounced off an intra-day support
level and it is moving above the 50SMA
on the daily chart.
A well-structured commercial trucking insurance is an absolute must for the trucker or the carrier because even a simple accident can amount to monumental costs. The following information may come in helpful for your purpose.
This presentation is all about insurance. It will cover some topics.
1-What is Insurance ?
2-Why Insurance ?
3- Type of Insurance
4-What is Risk?
5- Peril and Hazard
6- Transfer of Risk ?
7- Mitigation
8-WHAT IS GENERAL INSURANCE ?
9- Type Of General Insurance
10- Insurance Company Operations
11- Underwriting, Claims Settlement
12- Reinsurance
Presentation on Insurance in Cambodia. Terminology of Insurance contracts. Roles of Agents and Brokers. Size of insurance industry worldwide and in Cambodia. Insurers in Cambodia and size. Growth of Insurance market in Cambodia.
Analysis of Procedures and Factors Causing Motor Vehicle Insurance Claimsijtsrd
The purpose of this study is to determine in detail the analysis of motor vehicle claims procedures. Researchers also want to know about the factors that cause claims. The research method used by researchers is descriptive qualitative and quantitative. Researchers take and observe primary data directly in an insurance company in Indonesia. The analysis was carried out for 3 years, namely 2017, 2018, and 2019. Based on the results of the study, the claims procedure was carried out in several stages. These steps are a claim incident report, prepared documents, submission of documents to the claims department, document check, verification, survey, analysis, and claim settlement. The factors causing the most claims in 2017 were damage due own at 60 . in 2018 the cause of most claims was due to other damage by 50 . The same was true in 2019, namely due to own damage of 60 . Meanwhile, the claim fee that must be paid by the company in the last 3 years has reached Rp. 3,932,415,699.00. Stevanly Alvino Arya | Debrina Vita Ferezagia "Analysis of Procedures and Factors Causing Motor Vehicle Insurance Claims" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38254.pdf Paper URL : https://www.ijtsrd.com/economics/finance/38254/analysis-of-procedures-and-factors-causing-motor-vehicle-insurance-claims/stevanly-alvino-arya
Basics of Insurance by RapidValue SolutionsRapidValue
This presentation explains the process of Insurance in a very Simplistic and schematic way. It starts with the definition of Insurance and moves onto the types of insurance like life insurance, general insurance, P&C insurance, Auto insurance etc. It explains the insurance industry sales channels and the customer purchase process. The presentation also looks to explain the claims process. It suggests, citing statistics from various sources, that insurance industry will have to go thorough digital transformation as it will benefit both the insurers and the customers.
INSURANCE
DEFINITION
Is a contract whereby one party called the Insured (Person taking out Insurance) agrees to pay the sum of money to another party called the Insurer (Insurance company) and the Insurer also agrees to Indemnify (compensate) the Insured in the happening of an event.ORIs a system of pooling risk together by contributing small sum of money to a common pool which in the long run compensates those who will suffer actual loss.TERMINOLOGIES USED IN INSURANCE
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Introducing Acorn Recovery as a Service, a simple, fast, and secure managed disaster recovery (DRaaS) by IP ServerOne. A DR solution that helps restore your IT infra within minutes.
This presentation by Morris Kleiner (University of Minnesota), was made during the discussion “Competition and Regulation in Professions and Occupations” held at the Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found out at oe.cd/crps.
This presentation was uploaded with the author’s consent.
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UIIN Conference, Madrid, 27-29 May 2024
James Wilson, Orkestra and Deusto Business School
Emily Wise, Lund University
Madeline Smith, The Glasgow School of Art
This presentation, created by Syed Faiz ul Hassan, explores the profound influence of media on public perception and behavior. It delves into the evolution of media from oral traditions to modern digital and social media platforms. Key topics include the role of media in information propagation, socialization, crisis awareness, globalization, and education. The presentation also examines media influence through agenda setting, propaganda, and manipulative techniques used by advertisers and marketers. Furthermore, it highlights the impact of surveillance enabled by media technologies on personal behavior and preferences. Through this comprehensive overview, the presentation aims to shed light on how media shapes collective consciousness and public opinion.
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f you offer a service on the web, odds are that someone will abuse it. Be it an API, a SaaS, a PaaS, or even a static website, someone somewhere will try to figure out a way to use it to their own needs. In this talk we'll compare measures that are effective against static attackers and how to battle a dynamic attacker who adapts to your counter-measures.
About the Speaker
===============
Diogo Sousa, Engineering Manager @ Canonical
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Have you ever wondered how search works while visiting an e-commerce site, internal website, or searching through other types of online resources? Look no further than this informative session on the ways that taxonomies help end-users navigate the internet! Hear from taxonomists and other information professionals who have first-hand experience creating and working with taxonomies that aid in navigation, search, and discovery across a range of disciplines.
3. www.company.com
Table of ContentsTable of Contents
What is Insurance.
Difference between insurance contract and policy.
What is Risk?
Why Insurance needful.
Principles of Insurance.
Various classes of Insurance.
(a) Engineering Insurance.
(b) Fire Insurance.
(c) Marine Insurance.
(d)Terrorism Insurance.
(e) Motor Insurance.
(f) Miscellaneous Insurance.
www.adamjeinsurance.come
4. www.company.com
What is insurance?What is insurance?
Insurance is risk transfer mechanism in which one party(insured) transfers the
risk to another party(Insurance Company).
Premium:Premium:
Amount of money that insured pays to insurance company for an insurance
policy.
Premium can be paid by using four modes of payment:
(A) Monthly (B) Quarterly (C) Semi-annually (D) Annually.
www.adamjeeinsurance.com
Risk Transferred
PremiumInsured Insurer
5. www.company.com
Insurance ContractInsurance Contract::
A “contract” of insurance is an agreement enforceable by law between
insurer and insured on agreed terms and conditions.
Insurance Policy:Insurance Policy:
The insurance policy is not the contract but the “evidence” of the contract in
which the detail of risk is described.
Difference between insuranceDifference between insurance
contract and policy?contract and policy?
6. www.company.com
Risk = The possibility of financial lossRisk = The possibility of financial loss
Types of Risk that can be insured are given below:
Financial
Pure
Particular
Fortuitous Event
Insurable Interest
Not against public policy
Homogenous exposure
www.adamjeeinsurance.com
WHAT IS RISK?WHAT IS RISK?
7. www.company.com
Why Insurance needful?Why Insurance needful?
Why Insurance needful?Why Insurance needful?
Everyone that wants to protect themselves or someone else against
financial hardship should consider insurance.
Protecting your home against theft, fire, flood and other hazards
Protecting yourself against lawsuits
Protecting yourself in the event of disability
Protecting your business from business interruption and loss of income
Protecting yourself against unforeseen able health expenses
Protecting your Vehicle against theft or losses incurred because of accidents
And many more………
www.adamjeeinsurance.com
8. www.company.com
∗ Insurable Interest:Insurable Interest: A person has an insurable interest in something
when loss or damage to it would cause that person to suffer a financial
loss or certain other kinds of losses. In order to exercise an insurable
interest, you must take out an insurance policy protecting the item.
Indemnity:Indemnity: Indemnity is one of the principal of the insurance. In
insurance context indemnity means “put back the insured at the same
financial position after a loss as he enjoyed immediately before it
occurred”.
• Utmost Good faith:Utmost Good faith: The duty of good faith can be defined as ‘a
positive duty to voluntarily disclose, accurately and fully, all facts
material to the risk being proposed, whether asked for them or not’.
∗ Proximate CauseProximate Cause :: The most direct, effective or substantial cause of a
tort; relevant where the negligence of more than one person
contributed.
Principles of InsurancePrinciples of Insurance
9. www.company.com
Engineering InsuranceEngineering Insurance
‘
Engineering Insurance:Engineering Insurance:
Engineering insurance refers to the insurance that provides economic safeguard to the
risks faced by the ongoing construction project, installation project, and machines and
equipment in project operation.
Following is the list of products under Engineering Insurance:
(A)(A) Contractor’s All Risks Insurance (C.A.R)Contractor’s All Risks Insurance (C.A.R)
It offers adequate protection against loss or damage in respect of contract works,
construction plant and equipment and/or construction machinery. It also covers third
party claims in respect of property damage or bodily injury arising in connection with
the effecting of various construction projects
(B) Contractor’s Plant & Equipment Insurance (C.P.E)(B) Contractor’s Plant & Equipment Insurance (C.P.E)
This is an insurance of contractors' plant and machinery on an annual basis. It covers
any loss or damage occurring at work, at rest or during maintenance operations and is
limited to a specific construction site.
www.adamjeeinsurance.com
10. www.company.com
Engineering InsuranceEngineering Insurance
‘
(C) Erection All Risks Insurance.(E.A.R) not annual basis(C) Erection All Risks Insurance.(E.A.R) not annual basis
The Erection All Risk policy is specially designed to cover loss or damage to projects
that involves erection/installation of plant, machinery and equipment ranging from
erection of a single machine to a large power plant. It also includes cover for damage
to property of third parties and bodily damage to third parties.
Machinery Breakdown Insurance (MBD):Machinery Breakdown Insurance (MBD):
This is a policy which covers financial loss incurred by the insured due to loss or
damage to machinery as a result of sudden accidental electrical and/or mechanical
breakdown due to internal defects and/or external sources.
Electronic Equipment Insurance (EEI)Electronic Equipment Insurance (EEI)::
Electronic equipment is defined as any low and medium voltage devices such as a
computer, telecommunication and medical equipment.
www.adamjeeinsurance.com
12. www.company.com
Fire InsuranceFire Insurance
Fire insurance means insurance against any loss caused by fire. defines fire insurance as
follows: “Fire insurance business means the business of effecting, otherwise than
incidentally to some other class of business, contracts of insurance against loss by or
incidental to fire or other occurrence customarily included among the risks insured
against in fire insurance policies.”
∗RISK COVEREDRISK COVERED
∗Fire & Lightening
∗Earthquake
∗Explosion
∗Aircraft
∗Impact by road vehicles
∗Floods
13. www.company.com
Marine InsuranceMarine Insurance
‘
Marine Insurance:Marine Insurance:
Marine Insurance covers damages to the shell and machinery of the vessel, cargo carried on the vessel, and
also offers protection against liabilities to shipping and transport related companies.
Following is the list of products under Marine Insurance,
(A) Marine Cargo Insurance:(A) Marine Cargo Insurance:
Marine Cargo Insurance is the type of insurance which provides cover to goods when they are being
transported from one place to another.
(i)- Imports and Export.(By Sea , By Air , & By Rail/ Road)
(ii)- Inland Transit – By Road /Rail, and by Air
(B) Marine Hull Insurance:(B) Marine Hull Insurance:
This type of marine insurance is mainly taken out by the owner of the ship in order to avoid any loss to the
ship in case of any mishaps occurring.
(C) Marine Umbrella:(C) Marine Umbrella:
Marine Umbrella Liability is a broad spectrum cover offering protection against liabilities to shipping / logistics
and transport related companies.
www.adamjeeinsurance.com
15. www.company.com
Terrorism InsuranceTerrorism Insurance
‘
Terrorism Insurancerorism Insurance ::
Terrorism means an act or series of acts, including the use of force or violence, of any person or group(s) of
persons, whether they acting alone or on behalf of or in connection with any organisation(s), committed for
political, religious or ideological purposes including the intention to influence any government and/or to put the
public in fear for such purposes. AICL offers this unique cover in conjunction with fire and engineering
policies for our customers with a maximum limit of liability of Rs. 2.5M.
www.adamjeeinsurance.com
16. www.company.com
Motor InsuranceMotor Insurance
‘
∗Motor Insurance :Motor Insurance :
Motor Insurance policy is mandatory under the Motor Vehicle Act 1939. Motor Insurance ensures that the
owner of vehicle is protected from financial losses, caused by damage or theft to the vehicle and third party
liability.Third Party insurance covers damage to someone else's property or vehicle, but not your own
www.adamjeeinsurance.com
17. www.company.com
Miscellaneous InsuranceMiscellaneous Insurance
‘
∗Miscellaneous Insurance:
∗Cash in Safe (C.I.S) :
The ‘Cash in Safe’ policy covers the insured business owner against loss or destruction of or damage to
money while in safe at business premises.
∗Cash in Transit (C.I.T) :
Cash-in-transit (CIT) or Cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins and
items of value from one location to another.
∗Live Stock Insurance :
Livestock insurance is cover taken out by farmers and commercial owners of animals. Adamjee Insurance
covers electrocution, disease or accidental death, bodily injury, death due to fire and lightning, Snake bite and
earthquake coverage can be taken additionally.
∗Travel Insurance :
Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage,
flight accident and other losses incurred while traveling, either internationally or within one's own country.
∗Agriculture Insurance :
Agricultural Insurance provides to farmers with financial protection against production losses caused by
natural perils, such as drought, excessive moisture, hail, frost, wind and wildlife.
www.adamjeeinsurance.com