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Showing posts with the label underwriting

Insurance air freight

Objects in the transportation insurance is through the air passage with the passenger and goods transport in it, that is concerning;

1. Assurance on the safety of passengers.
Closed by its insurance carrier to insurance companies to pay a premium. Then the burden of premiums by the carrier to any passenger with a way to add passenger ticket prices.
Its long warranty is given an one-time trip from the airport to departure at the airport, including the purpose of transit at the airport passed to the destination airport.

2. Assurance on the transported goods.
Closed by its owner insurance products to insurance companies to pay large premiums and a small premium to its price based on the amount of insurance of goods.
Closure of insurance for transportation of goods is usually done for a trip with the travel policy for an one-time carriage of goods. Here, in its general assurance of progress since the departure until the fourth goal.
However, if the delivery takes place continuously during a cert…

Factor in the selection of insurance

Underwriter of group life insurance companies will conduct research in parallel to the factors involved. Research conducted to determine the insurance program and the Insured that a request submitted by the closing of the collection of insurance.

Selection of Eight Risk Factors

In principle, there are eight important factors that will be examined by life insurance companies to evaluate the issue life insurance policies for one group, namely 1) the existence of the background of the group, 2) type and the types of groups, 3) stability, 4) the amount of the number of participants, 5) the type of business, 6) level of participation in the program, 7) age, and 8) gender.

First, the background presence of the group. Generally, life insurance companies under insurance policy was issued for the group if the group is formed solely or established with the aim to cover the needs of life insurance for members in it.

This corresponds to a drift that occurred (based on experience in some countries) t…

Mechanism selection of insurance client

Selection become important so because the data accurate which given as client candidate very determining how far our eligibility to be insurance client. Objective information which we submit of course can become the valuable calculation base for company of insurance to calculate the responsibility risk possibilities as we charge upon company of insurance.Risk factor identifications.Company of life insurance will do the process select the risk (underwriting) in each client candidate before insurance policy published. This aim to determine the risk level which possible to be experienced of the client candidate and acceptable risk intensity of insurance, besides underwriting done to determine the special rule and premium level to be applied at rose by policy of client candidate. For the agenda of careful of process select done by company of insurance through division of underwriting, we shall have knowledge deeper concerning various exploited by information source of company of insurance…