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Global Insurance Group Pty Ltd

Insurance, Australia, New South Wales, Sydney

Global Insurance Group Pty Ltd provides comprehensive insurance solutions for businesses, offering personalized service and expert risk management strategies to protect your assets.

About Global Insurance Group Pty Ltd

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Basics

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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
Australia, New South Wales, Sydney
Official Website
http://www.giginsurance.com.au
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FAQs – Global Insurance Group Pty Ltd

How do I choose the best travel medical insurance plan?

Consider factors like coverage limits, exclusions, deductible amounts, policy benefits, and insurer reputation. Compare plans from different providers, read customer reviews, and ensure the policy meets your needs based on your travel destination and activities.


What is non-proportional treaty reinsurance?

Non-proportional treaty reinsurance is an agreement where the reinsurer covers losses only when they exceed a certain threshold, known as the attachment point. Unlike proportional reinsurance, the reinsurer does not share in the insurer's premiums or smaller claims, but instead only compensates the insurer for losses that exceed the pre-determined level, making it useful for catastrophic or unexpected large losses.


How does auto liability insurance work?

Auto liability insurance pays for injuries and damages caused by a policyholder in an accident where they are found at fault.


How is telematics impacting auto insurance?

Telematics technology uses GPS and sensors to track driving behavior, allowing insurers to offer usage-based insurance (UBI) and personalized premiums. Safer drivers can receive lower premiums, while risky drivers are charged more, encouraging responsible driving habits.


Does insurable interest apply to all types of insurance?

Yes, insurable interest applies to life, health, property, and liability insurance, ensuring only those with a financial or legal stake can take out insurance policies.


Will paying a ransom impact my insurance claim?

Paying a ransom itself does not typically void the insurance claim. However, insurers often require businesses to follow specific protocols, such as reporting the incident and attempting to recover data without paying the ransom.


How do I apply for public health insurance?

Applications can be submitted online, through government offices, or via health insurance marketplaces. Required documents usually include proof of income, residency, and household size. Assistance is available for applicants.


What is an acceptable loss ratio for health insurance?

In health insurance, regulators often mandate a minimum loss ratio, such as 80% for individual policies and 85% for group policies, ensuring fair premium usage.


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