Insurance India
Insurance Saudi Arabia
Brief on Insurance
Insurance Saudi Arabia
- Links to Insurance and Reinsurance Companies in Saudi Arabia
- List of Insurance Providers in Saudi Arabia
- Saudi Arabia Insurance News
Brief on Insurance
Insurance is nothing but transfer of risk. Here
the party transferring the risk is known as insured and the party receiving the risk is known as
Insurance Company. The Insurance
company sells its policies to the customers.
They solicit business from the customers and the customer, when he
understand the products will give a proposal to the Insurance Company and once
the proposal is accepted by the Insurance Company it becomes a contract and
finally the Insurance Policy is issued.
During last few decades there is a tremendous growth of Insurance
throughout the world. There are
different types of Insurances catering to the different groups of the
customers. Insurance catering to the individuals
is known as Personal Lines Insurance and the other one which is served to the
corporate or for commercial purpose is known as Commercial Insurance. The Insurance Companies are regulated by the
regulatory body, which monitors the working of the Insurance Companies. Apart from the Insurance Companies there are
many providers of insurance like Agents, Advisors, Brokers, Loss Adjusters,
Surveyors, Loss Assessors, Third Party Administrators, Risk Managers,
Automobile workshops, Hospitals and Clinics etc. The following are some of the types of
Insurances available in most of the Markets around the world. The companies
which insure the Insurance Companies are known as Reinsurers.
Car insurance is also known as auto insurance is one of the popular Insurances, the other mostly used insurance is health insurance also known as medical insurance, some insurance companies us automobile insurance for all vehicle insurances.
Car insurance is also known as auto insurance is one of the popular Insurances, the other mostly used insurance is health insurance also known as medical insurance, some insurance companies us automobile insurance for all vehicle insurances.
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