Overview
The Freehills Insurance team provides regulatory advice to domestic and international insurers, brokers and financiers in their dealings with insurers covering all aspects of their compliance with legislation, prudential standards and regulatory guidelines in relation to licensing, product development, corporate structuring and restructuring, capital management, financial instruments and dealings with the regulators.
We also provide assistance [...]
Archive for October, 2008
Insurance
October 26th, 2008
FormulaGetMoney Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of a guaranteed small loss to [...]
Travel insurance
October 26th, 2008
FormulaGetMoney Travel insurance is insurance that is intended to cover medical expenses, financial (such as money invested in nonrefundable pre-payments), and other losses incurred while traveling, either within one’s own country, or internationally.
Travel insurance can usually be arranged at the time of booking of a trip to cover exactly the duration of that trip or a [...]
Self insurance
October 26th, 2008
FormulaGetMoney Self insurance is a risk management method in which a calculated amount of money is set aside to compensate for the potential future loss. More colloquially, the term “self-insured” is used as a euphemism for uninsured.[1]
If self insurance is approached as a serious risk management technique, money is set aside using actuarial and insurance information [...]
Reinsurance
October 26th, 2008
FormulaGetMoney Reinsurance is a means by which an insurance company can protect itself with other insurance companies against the risk of losses. Individuals and corporations obtain insurance policies to provide protection for various risks (hurricanes, earthquakes, lawsuits, collisions, sickness and death, etc.). Reinsurers, in turn, provide insurance to insurance companies.
Functions of reinsurance
There are many reasons why [...]

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