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In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the policyholder, which determines the claims which the insurer is legally required to pay.
EIHSB acquired 750 million shares for approximately RM64.92 million from PT Transpacific Mutualcapita which kept the remaining 25% stake in Asuransi Asoka. [10] [11] Between March 14, 2019 to February 18, 2020, PT Asuransi Asoka Mas was renamed to become PT Asuransi Etiqa Internasional Indonesia (EII). [12] [13] [14]
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
The economy of Poland is an emerging and developing, [1] high-income, [24] industrialized, mixed economy that serves as the sixth-largest in the European Union by nominal GDP and fifth-largest by GDP (PPP). [25]
Self insurance is a risk management method in which an organization that is liable for some risk does not take out any third-party insurance, but rather chooses to bear the risk itself.
Several features of IFRS 17 have been criticized by preparers. One example is the volatility caused by applying current rates for time value of money. [10] IFRS 17 permits presenting the effects of changes in the discount rate under Other Comprehensive Income to eliminate the volatility from the P&L.
In January 2014, the Indonesian government launched a universal health care system called the Jaminan Kesehatan Nasional (JKN, "National Health Insurance"). Covering around 250 million people, it is the world's most extensive insurance system. [2]
Interpolis came into existence in 1969 after a merger between the life insurance company BTL and four mutual non-life insurance companies: ABTB in Arnhem, LLTB in Roermond, LTB in Leiden and NCB in Tilburg (which were part of the regional class-based organizations of the Katholieke Nederlandse Boeren- en Tuindersbond (KNBTB) (Catholic Dutch farmers and market-gardeners union).