The Industrie DesAssurances Multiirisques
The Industrie des assurances multiirisques (IAM) is a key component of the Canadian Economy. It assumes risk at a reasonable cost for businesses and individuals, ensuring their future policy. It covers virtually all insurance divisions, from assurance-vie through assurance-maladie. It also offers an array of combination products for every type of guarantee. A multiirisque, specialized industrial insurance policy shields your professional assets from possible risks.
This sector is a hive of activity and provides services to 28,000,000 insured consumers. The sector is regulated both by provincial and federal authorities, and also includes a number of domestic and foreign insurers. In 2013, the sector was worth 92 billion dollars and was made up of 107 insurers. SSQ Groupe Lender is one of the largest firms with a staff of more than 3000.
Insurers who offer this kind of coverage must satisfy specialized and capital requirements before they are able to offer their services in Canada. Currently, domestic insurers control a majority of the market. The remaining 8% is dominated by international insurers.
A contract of industrial multiassurances can be an ideal option for companies as it can help companies recover from natural disasters and accidents, while also safeguarding their investment in professional assets. It will cover losses of time or production fixed charges, loss of time, and more. It’s important to note that this type of insurance isn’t like a standard insurance plan, and it’s important to be sure to read the fine print prior to purchasing it.
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