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Modern Insurance Brokers

Insurance, Australia, New South Wales, Sydney

Modern Insurance Brokers - Your trusted partner in risk management, providing tailored insurance solutions for individuals and businesses with personalized service.

About Modern Insurance Brokers

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Join the dynamic team at Modern Insurance Brokers and make a difference in the world of risk management. We value talent and diversity in our workforce.


Insurance Broker job at Modern Insurance Brokers | Risk Analyst job at Modern Insurance Brokers | Claims Adjuster job at Modern Insurance Brokers

Basics

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Total Employees
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Main Office
Australia, New South Wales, Sydney
Official Website
http://www.mib.net.au
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FAQs – Modern Insurance Brokers

What are the types of reinsurance?

The two main types of reinsurance are treaty and facultative. Treaty reinsurance covers a portfolio of policies, while facultative reinsurance applies to individual risks. Other forms include proportional and non-proportional reinsurance, excess-of-loss reinsurance, and catastrophe reinsurance.


What happens if a ransomware attack is linked to an insider threat?

Policies may cover insider threats if they are unintentional, but deliberate employee involvement in ransomware attacks may lead to claim denial or legal action.


Do I need a primary care physician (PCP) with a PPO plan?

No, PPO plans generally do not require you to have a primary care physician (PCP), unlike HMO plans that typically require one.


How does treaty reinsurance work?

Treaty reinsurance is a contractual agreement where the reinsurer agrees to cover a specific category of risks from the insurer. The insurer cedes a portion of all eligible risks within the treaty’s scope, and in return, the reinsurer shares premiums and claims payments as specified in the agreement.


How does claim adjustment differ for natural disaster claims?

Catastrophe claims often involve specialized adjusters, government aid coordination, high claim volumes, and extended processing times due to widespread damage and complex assessment needs.


How does a TPA improve customer service in insurance?

TPAs improve customer service by providing dedicated claims support, answering inquiries, resolving issues promptly, and offering transparent communication throughout the claims process.


Can I choose my deductible amount when I buy insurance?

Yes, in many cases, you can choose your deductible amount. However, insurance companies often offer a range of deductible options, with the higher options generally lowering your monthly premiums.


Are temporary living expenses covered under earthquake insurance?

Yes, many policies provide additional living expense (ALE) coverage, which pays for hotel stays, meals, and temporary housing if your home is uninhabitable.


Comprehensive Market Research

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