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Get in-depth market research for Insurance companies in Australia, New South Wales, Sydney. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.
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Collision insurance is a type of car insurance that covers damage to your vehicle resulting from a collision with another vehicle or object, such as a tree, fence, or guardrail, regardless of who is at fault.
Premiums are based on the probability of the trigger event occurring, historical data analysis, geographic risk exposure, and the agreed payout structure between the insurer and policyholder.
Captives may benefit from tax-deductible premiums, deferred income tax on reserves, and reduced insurance costs compared to traditional coverage.
Early life insurance policies were based on a "mutual" model, where policyholders contributed to a pool that would provide financial benefits to the family of a deceased member. These policies were often relatively simple, with fixed payouts for specific causes of death, such as illness or accidents, and typically required physical examinations for applicants.
Some policies cover common diseases, but specialized coverage may be required for epidemics like avian influenza or foot-and-mouth disease, depending on local regulations and insurer terms.
Contingent business interruption (CBI) insurance covers financial losses caused by disruptions to a business’s supply chain or key partners. If a supplier, distributor, or key customer suffers a covered event and it affects your business’s income, CBI insurance may provide compensation.
Some insurance policies allow a policyholder to waive subrogation rights, but this usually requires an endorsement and may result in higher premiums. Businesses may waive subrogation in contracts to maintain good relationships with partners or clients.
In some cases, you can lower your deductible when renewing your policy. However, lowering your deductible typically increases your premiums, so you need to consider the financial implications.
Get in-depth market research for Insurance companies in Australia, New South Wales, Sydney. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.