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[2] There are many types of peer-to-peer insurance. The first type was created by an Insurance broker (as opposed to insurance companies). In this broker model, insurance policyholders will form small groups online. A part of the insurance premiums paid flow into a group fund, the other part to a third party insurance company.
PT Asuransi Jasa Indonesia or known as Asuransi Jasindo is an Indonesian company engaged in service insurance. In 2020, the company officially became a member of the state-owned insurance holding company, after the majority of its shares held by the government were handed over to Bahana Pembinaan Usaha Indonesia.
As usual, the United States was the country with the largest insurance market with $2.959 trillion (43.6%) of direct premiums written, with the People's Republic of China coming in second at only $697 billion (10.3%), Japan coming in third at $337 billion (5.0%), and the United Kingdom coming in fourth at $363 billion (5.4%). [63]
Nationwide, only 20 percent of American homes at risk for floods are covered by flood insurance. [2] Most private insurers do not insure against the peril of flood due to the prevalence of adverse selection, which is the purchase of insurance by persons most affected by the specific peril of flood. In traditional insurance, insurers use the ...
Parametric insurance (also called index-based insurance) is a non-traditional insurance product that offers pre-specified payouts based upon a trigger event. [1] Trigger events depend on the nature of the parametric policy and can include environmental triggers such as wind speed and rainfall measurements, business-related triggers such as foot traffic, [2] and more.
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Microinsurance is the protection of low-income people (defined as those living on more than approximately $1 but less than $4 per day [1]) against specific perils in exchange for regular premium payment proportionate to the likelihood and cost of the risks involved. This definition is exactly the same as one might use for regular insurance ...
Bogor Regency (Indonesian: Kabupaten Bogor) is a landlocked regency (kabupaten) of West Java province in Indonesia, situated south of DKI Jakarta. Covering an area of 2,734.33 km 2, it is considered a bedroom community for Jakarta, and was home to 5,427,068 people at the 2020 census. [2] The official estimate as at mid 2023 was 5,520,836. [1]