The principle of indemnity is a cornerstone of insurance, ensuring that policyholders are financially restored after a loss without profiting from it. This fundamental principle applies across various types of insurance and is designed to bring the insured back to their pre-loss financial state—not better, not worse. In this blog, we’ll delve into the concept … Read more
Earlier this month, Spain experienced catastrophic flooding that primarily affected the southern and eastern regions, including Andalusia, Murcia, and Valencia. Record-breaking rainfall—up to 500 millimetres (nearly 20 inches) within a single day in some areas. It caused flash floods that transformed streets into rivers, destroyed buildings, and severely impacted infrastructure. This disastrous event claimed lives of … Read more
In an era of rapid advancement in technology and evolving customer needs, the insurance industry is transforming itself. As we look ahead, several key trends are shaping the future landscape of insurance. In this article we will try to get a glimpse of the future of insurance technology. 1. Technology Integration: Technology is reshaping the insurance sector. … Read more
Car insurance is financial security for every car owner. It ensures that you are reimbursed should there be expenses incurred through using a car. Getting the right insurance has always been a long complicated process that may include searches, comparisons, and sometimes misunderstandings. Thankfully, Progressive Insurance has developed what is known as ‘Name Your Price’, … Read more
Are you feeling your auto insurance is harvesting a large chunk of your hard earned money and you are finding no way out. In this decade of chaos, you are not alone in this situation, everybody is trying to save some cash to keep their financial plans on track. Don’t worry, we are here to … Read more
Is Your Home Insurance Ready? With the rising global warming, we are facing disastrous changes in the weather. Floods, Fires, tornadoes and hurricanes are becoming routine. In this alarming situation, we are dependent on insurance policies, when it comes to our valuable homes. Ever wonder if your insurance policy has your back when Mother Nature … Read more