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Allianz Schaefer Alexander

Insurance, Germany, Bavaria, Munich

Providing comprehensive insurance solutions with a focus on customer satisfaction and financial security.

About Allianz Schaefer Alexander

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Basics

Type
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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
Germany, Bavaria, Munich
Official Website
http://www.allianz-schaefer-alexander.de
Location Address Official Phone Email
Germany, Bavaria, Munich Germany, Bavaria, Munich **** ****
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FAQs – Allianz Schaefer Alexander

What documents are required for claim adjustment?

Required documents may include photos of damages, receipts, repair estimates, medical records (for injury claims), police reports, witness statements, and proof of ownership for lost or stolen items.


Are insurance brokers required to disclose their commission rates?

Yes, insurance brokers are typically required to disclose their commission rates and any compensation they receive for selling a particular insurance product.


Does coinsurance apply to all medical services?

Coinsurance generally applies to services beyond basic visits, such as hospital stays, surgeries, and specialist care. Some preventive services, such as vaccinations and annual checkups, may be fully covered by insurance without requiring coinsurance.


Will earthquake insurance pay for temporary housing?

Yes, most earthquake insurance policies include Additional Living Expenses (ALE) coverage, which helps pay for temporary housing, food, and other costs if your home becomes uninhabitable after an earthquake.


What is a loss reserve in insurance?

A loss reserve is the estimated amount an insurer sets aside to pay for reported and unreported claims that have occurred but are not yet fully settled.


What is a "cession" in facultative reinsurance?

A cession in facultative reinsurance refers to the process in which the ceding insurer transfers a portion of its risk exposure to the reinsurer. The insurer cedes a part of the premium and risk in exchange for reinsurance coverage on that specific policy.


What data sources are used for parametric insurance policies?

Common data sources include weather stations, satellite imagery, seismic monitors, government agencies, and third-party data providers that track real-time environmental and economic conditions.


How do actuaries determine insurance premiums?

They analyze historical data, assess risk exposure, consider market conditions, and apply statistical models to set fair premiums.


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