The Industrie des assurances multirisques an important part of the Canadian economy, which takes on risk that is cost-effective for individuals and companies, helping them to develop in their future policy. It covers almost all insurance divisions, from assurance-vie to assurance maladie, and provides many combinatorial products for all types of guarantee. A multi-specialist industrial insurance policy safeguards your assets from all possible threats.
This industry is a beehive of activity and provides its services to 28 million insured consumers. The industry is regulated by federal and provincial authorities. It also includes domestic and foreign insurers. It earned ninety-two billion dollars in 2013 and is comprised of 107 insurance companies. One of the biggest firms is SSQ Groupe Lender, and it employs more than 3000 employees.
Before they are able to sell their products in Canada, insurers that offer this kind of insurance are required to meet specific capital requirements and specialization requirements. At present, domestic insurers hold three-quarters of the market. International insurers control the remaining 8% of the market.
A contract for industrial multiriassurances is an excellent option for businesses as it will help them recover from accidents and disasters, while also safeguarding their investment in professional assets. It covers loss of time or production fixed charges, time or production loss, and more. It’s important to note that this type of insurance is not the same as a standard insurance plan, and it’s necessary to take note of the fine print prior to purchasing it.