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Get in-depth market research for Insurance companies in Canada, Ontario, Toronto. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.
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Parametric insurance pays out claims based on predefined parameters, such as a specific weather event or earthquake magnitude, instead of requiring damage assessment. This speeds up payouts and reduces disputes since the trigger event is objectively measured.
Non-proportional reinsurance covers losses exceeding a specific threshold, meaning the reinsurer only pays when claims surpass the insurer’s retention limit (deductible).
Insurable interest is a legal requirement that a policyholder must have a financial or emotional stake in the insured asset or person.
Yes, many insurers offer customizable policies based on industry-specific risks, company size, and budget. Businesses can choose different coverage limits, add endorsements, or combine it with other liability policies for broader protection.
If you miss a premium payment, your health insurance provider may offer a grace period during which you can make the payment without losing coverage. If the payment is not made by the end of the grace period, the insurance may be suspended or canceled, depending on the terms of the policy. It's important to contact the insurer as soon as possible to resolve any payment issues and avoid lapses in coverage.
Reinsurance is a risk management strategy where an insurer transfers a portion of its risks to another insurer to reduce financial exposure.
Excess of loss (XOL) reinsurance is a non-proportional agreement where the reinsurer covers losses that exceed a specified threshold. This protects the ceding company from large, unexpected claims while allowing it to retain predictable risks.
Ping An (China), China Life Insurance, Nippon Life (Japan), and Tata AIA (India) are among the top insurance providers in the Asian market.
Get in-depth market research for Insurance companies in Canada, Ontario, Toronto. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.