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Non-life insurance policies are originally issued for a 12-month period and they must be renewed annually on the anniversary date of inception of the policy. This renewal is effectively the continuation of cover, which is extended when both parties agree to continue with the relationship for another year. Insurance companies review the premiums, terms and […]Read more
How drones have changed the insurance landscape For decades, insurers have relied on traditional, predominantly manual methods of assessment to underwrite insurance policies, determine fair premiums and manage difficult claims. This lengthy process often includes an assessment of the client company’s risk management controls, including safety practices, fire prevention and detection, and incident records, claims […]Read more