O

Orbit Insurance Services

Insurance, Canada, Ontario, Toronto

Orbit Insurance Services provides comprehensive insurance solutions tailored to your needs, ensuring peace of mind and financial protection for individuals and businesses.

About Orbit Insurance Services

-

Careers at Orbit Insurance Services

Join Orbit Insurance Services, a dynamic team that values innovation and customer service. We are looking for talented individuals in insurance sales, risk management, and underwriting.

Insurance Agent job at Orbit Insurance Services | Insurance Broker job at Orbit Insurance Services | Claims Adjuster job at Orbit Insurance Services | Underwriter job at Orbit Insurance Services | Risk Manager job at Orbit Insurance Services

Basics

Type

-

Founded

-

Total Employees

-

Employees on Linkedin

-

Employees on OWCareers

-

Main Office

Canada, Ontario, Toronto

Official Website

http://www.orbitinsuranceservices.ca

Follow Orbit Insurance Services on Social Media

LinkedIn	https://linkedin.com/company/****	Get In Touch With Decision Makers
Facebook	https://facebook.com/****	Get In Touch With Decision Makers
Instagram	https://instagram.com/****	Get In Touch With Decision Makers
X (Twitter)	https://x.com/****	Get In Touch With Decision Makers
YouTube	https://youtube.com/****	Get In Touch With Decision Makers

Other Insurance companies in Canada, Ontario, Toronto

FAQs – Orbit Insurance Services

What happens if I miss the payment even during the grace period?

If you fail to make a payment within the grace period, your policy will lapse, and coverage will end. You may need to reapply for a new policy, which could result in higher premiums or additional underwriting requirements.

How does parametric insurance support disaster recovery efforts?

It provides immediate liquidity after disasters, helping communities, businesses, and governments quickly rebuild and recover without lengthy claims processes.

What is the role of the International Association of Insurance Supervisors (IAIS)?

The IAIS sets international standards for insurance supervision and regulation. It promotes financial stability, consumer protection, and fair market practices among its member jurisdictions. IAIS guidelines help align national insurance regulations with global best practices to enhance transparency and policyholder security.

Are there any exclusions in accident coverage?

Yes, exclusions may include pre-existing injuries, elective procedures, cosmetic surgeries, and injuries caused by abuse or neglect. Some policies also exclude injuries related to organized racing or fighting.

What happens if my driving behavior changes during the policy period?

If driving behavior changes during the policy period, your UBI premiums may adjust accordingly. Safe driving habits can lead to lower premiums, while risky behavior could raise them.

Can an insurance company survive with a consistently high loss ratio?

If an insurer consistently experiences a high loss ratio, it may struggle with profitability unless it has alternative revenue streams such as investment income. To remain solvent, the company must take corrective actions like adjusting pricing, revising underwriting policies, or improving claims management.

What actuarial exams are required for certification?

Actuarial certification requires passing a series of exams from professional bodies like the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS), covering topics like probability, finance, and risk management.

What is the role of IRDAI in microinsurance?

IRDAI plays a key role in promoting microinsurance by facilitating the development of affordable insurance products for low-income individuals and ensuring they meet regulatory standards.