Types of Dams and their Risks
Each type of dam has its own advantages and is chosen based on factors such as the topography of the site, available construction materials, and the specific requirements of the…
Chinese insurers – What are the potential issues to project owner if a Taiwan construction project risks reinsured to China market?
It is essential for the project owner to thoroughly understand the chinese insurers and reinsurers and their claim handling procedures and requirements and establish a clear and well-defined contractual framework…
Power and renewable terminology
Smart Grid: A modernized electrical grid that utilizes advanced communication and control technologies to optimize the generation, distribution, and consumption of electricity. Renewable Energy: Energy derived from naturally replenishing sources…
Type of LEG Exclusion – Easy Way to Understand Difficult Insurance Concepts
It's important to note that the specific coverage and exclusions wereunder LEG1, LEG2, and LEG3 clauses can vary between insurance policies and insurers. It's always recommended to carefully review the…
What is Material Damage Proviso Waiver Clause? How Does it Work in a Business Interruption Insurance?
In Asia, it is common to see Material Damage Proviso Waiver Clause in a Business Interruption Insurance policy. However, the wording of this clause always confuses readers. Clause Wording -…
Project Marine Cargo Insurance
Marine cargo insurance is a crucial component of international trade, providing protection for cargo owners and transporters against the risks involved in shipping goods over long distances. However, the complex…
Minimum Insurance Requirements for Project Finance and Lender Endorsement
In international project finance, insurance plays a crucial role in managing and mitigating risks associated with large-scale projects. While the specific insurance requirements and clauses can vary depending on the…
Insurance 101: PML and EML
In insurance, PML and EML are commonly used acronyms that refer to different ways of estimating potential losses. Here's a breakdown of what they mean: PML (Probable Maximum Loss): PML…
Risk Quantification Tool: PML & EML
In insurance, PML and EML are commonly used acronyms that refer to different ways of estimating potential losses. Here's a breakdown of what they mean: PML (Probable Maximum Loss): PML…
What is the difference between Signed Line and Written Line? – Insurance 101
In the context of insurance, the terms "signed line" and "written line" refer to specific aspects of an insurance policy. Signed Line: The signed line represents the maximum amount of…