Logo
A

Assurart

Insurance, Canada, Quebec, Montreal

Assurart provides comprehensive insurance solutions for businesses and individuals, specializing in property, liability, and commercial insurance with personalized service and expertise.

About Assurart

-

Basics

Type
-
Founded
-
Total Employees
-
Employees on Linkedin
-
Employees on OWCareers
-
Main Office
Canada, Quebec, Montreal
Official Website
http://www.assurart.com
Location Address Official Phone Email
Canada, Quebec, Montreal 123 Main Street, Montreal, Quebec **** ****
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

FAQs – Assurart

What is solvency in the insurance industry?

Solvency in insurance refers to an insurer’s ability to meet its financial obligations, including paying policyholder claims. It is a measure of financial health, ensuring that an insurer has sufficient assets and capital reserves to cover potential liabilities and remain financially stable even in adverse conditions.


What is not covered by cyber insurance?

Exclusions may include prior-known security vulnerabilities, insider fraud, contractual breaches, war or terrorism-related cyberattacks, and failure to maintain adequate cybersecurity measures as required by the policy.


Are there waiting periods in public health insurance?

Some countries may have waiting periods before certain benefits, such as specialist services or elective procedures, are covered under public health insurance. These waiting periods can vary by program and region.


What is an insurance premium?

An insurance premium is the amount you pay to an insurance company for coverage. It can be paid monthly, quarterly, or annually, depending on your plan.


What is the impact of reinsurance on a ceding company’s balance sheet?

Reinsurance improves a ceding company’s balance sheet by reducing liabilities, increasing solvency margins, and stabilizing earnings, helping it manage high-risk exposures while ensuring regulatory compliance.


What is excess of loss reinsurance?

Excess of loss reinsurance protects insurers by covering claims above a specified threshold, ensuring financial stability during large loss events.


What is facultative reinsurance?

Facultative reinsurance is a type of reinsurance where the reinsurer evaluates individual risks before agreeing to provide coverage. Each policy or risk is considered separately, and the reinsurer has the right to accept or reject the risk based on its underwriting criteria.


Does homeowners insurance liability cover damage to my property?

No, homeowners insurance liability does not cover damage to your own property. It specifically covers damages or injuries caused to others. Your property damage would typically be covered under dwelling or personal property coverage.


Comprehensive Market Research

Get in-depth market research for Insurance companies in Canada, Quebec, Montreal. Our experts analyze trends, gather valuable insights, and identify key opportunities to drive your business growth.