This article explains the importance of insurance for non-profit organizations, highlighting the various risks they face and the types of coverage available to protect their mission, assets, and people.
This article explains the concept of “excess” in insurance, which is the amount policyholders pay out of pocket before their insurer covers the rest. It details different types of excess, how it affects premiums, and considerations for choosing the right excess to balance affordability and coverage.
This article explores the vital role of insurance in disaster risk management (DRM), highlighting how it provides financial protection, promotes risk reduction, supports recovery, and stabilizes economies. It also discusses the challenges, opportunities, and types of insurance that contribute to building resilient communities and enhancing disaster preparedness.
This article explains the role and significance of reinsurance in Nigeria’s insurance industry, highlighting its benefits for risk management, financial stability, regulatory compliance, and economic growth. It also discusses the reinsurance market’s evolution, key players, challenges, and opportunities for enhancing insurance penetration and technological advancements.
This article is a comprehensive guide for startups and new businesses, highlighting the importance of insurance, the types needed, and tips for choosing the right policies. It emphasizes risk mitigation, legal compliance, and business continuity, offering practical advice for securing adequate coverage and ensuring long-term success.
This article explains the key principles of insurance—utmost good faith, insurable interest, indemnity, contribution, subrogation, proximate cause, and mitigation of loss—and how they impact insurance policies, ensuring fair and effective coverage and claims settlement for both insurers and insured parties.
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