Rating for Architects and Engineers Professional Liability Policy
The actuary will calculate the rating factors for Architects & Engineers Professional Liability by applying a series of multipliers to a base premium. The premium...
actuarialscience
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Actuarial assumptions for WC
Workers compensation Actuarial assumptions for insurers in Australia are a complex and critical part of their business. Unlike other forms of insurance, the premiums are...
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Actuarial assumptions for CTP
Actuarial assumptions for an Australian Compulsory Third Party (CTP) insurer are the key financial and demographic factors that actuaries use to estimate future claims costs....
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General Insurance Industry Snapshot of Australia
Australia’s General Insurance Industry Snapshot Policies and Claims: The industry manages 86 million general insurance policies , including 18.2 million motor-related policies and 12.4 million...
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Motor Insurance
Motor Insurance in Australia includes both private/domestic and commercial motor insurance Domestic motor insurance in Australia, commonly known as Car Insurance, is a highly competitive...
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Homeowners Insurance
Homeowners ( Home and Contents Insurance) Homeowners insurance in Australia, commonly referred to as Home and Contents insurance, is a crucial protection for property owners...
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Travel Insurance
Travel insurance in Australia is designed to protect travellers from financial losses and unexpected events that can occur before or during a trip, both domestically...
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Mortgage Insurance
In Australia, the term “mortgage insurance” usually refers to two distinct types of insurance, and it’s crucial to understand the difference as they serve entirely...
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Consumer Credit Insurance
Consumer Credit Insurance (CCI) CCI in Australia is a type of add-on insurance often offered when you apply for a credit product like a personal...
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Marine Insurance
Marine Insurance in Australia is a broad and specialized field that covers risks associated with marine craft, cargo, and marine-related liabilities. It’s essential for anyone...
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Fire and ISR policy in Australia
Fire and ISR In Australia, when discussing “Fire and ISR” insurance, you’re generally referring to two key types of business property coverage: Standard Fire &...
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Workers’ Compensation (and Employer’s Liability) in Australia
Workers’ Compensation (and Employer’s Liability) by State/Territory Here’s a breakdown of the workers’ compensation schemes and average premium rates (as percentages of total wages) for...
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Professional Indemnity (PI)
Professional Indemnity (PI) Professional Indemnity insurance in Australia is a critical form of coverage for individuals and businesses that provide professional advice, services, or designs. It...
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Public and Product Liability insurance
Public and Product Liability insurance Public and Product Liability in Australia is crucial for businesses of all sizes, protecting them from financial losses due to...
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Compulsory Third Party (CTP) insurance in Australia
Compulsory Third Party (CTP) insurance Compulsory Third Party (CTP) insurance is a mandatory component of vehicle registration across all Australian states and territories. However, the exact...
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About me
Abhinav Peshawaria A seasoned Property and Casualty actuary qualified from the Institute and Faculty of Actuaries (IFOA). I bring over a decade of...
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Property and Casualty (GI) Written Premium by Country
General Insurance Premium by Country1. USA Premium: The P&C insurance sector reported $918.6 billion USD in net premiums written in 2024. The top 5 insurers...
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Personal Cyber Risks Insurance-India
In this increasingly connected digital world, cyber risks have grown exponentially. Based on the 2017 Nortan Cyber Security Insights Report 143 million customers in US...
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Divorce or Alimony Insurance in India
Egypt may become the first country to make Divorce or Alimony insurance mandatory. Developed countries including US and UK already offer such products. The increasing...
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US insurtech-Key players in 2019
US insurtech transaction volume has grown high in 2019. Some interesting startups recently in this space. 1)BrokerBuddha-helps commercial insurance brokers grow sales by simplifying the...
