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…
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 -…
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…
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…
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…
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…
In the context of natural catastrophes (NatCats), the return period refers to the average time interval or frequency at which a specific event, such as a flood, hurricane, or earthquake,…
According to InsuranceAsiaNews, a note made by Aon Vietnam Chief Executive Quyuen Nguyen Hoan saying that a restriction was imposed after a routine assessment of the operations by Vietnam's Insurance…
The Swedish energy giant Vattenfall is to shut down development of the Norfolk Boreas site, off the Norfolk coast in the UK (read more) because it said that no longer…
Project Insurance is a complex matter, and finding the right carrier can be challenging. Luckily, insurance brokers are experts who can help you choose the perfect fit. Whether you're seeking…