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Arab War Risks Insurance Syndicate (AWRIS)

Insurance, United Arab Emirates, Dubai

AWRIS specializes in providing insurance solutions for high-risk environments, ensuring peace of mind for businesses operating in volatile regions.

About Arab War Risks Insurance Syndicate (AWRIS)

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United Arab Emirates, Dubai
Official Website
http://www.awris.com
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FAQs – Arab War Risks Insurance Syndicate (AWRIS)

How is the cost of collision insurance determined?

The cost of collision insurance is determined by factors like the make and model of your car, its age, your driving history, and the deductible you choose.


Can parametric insurance be customized for specific risks?

Yes, policies can be tailored to cover specific risks, geographic locations, payout structures, and trigger thresholds, making them adaptable to unique business and environmental conditions.


What are the costs associated with forming a captive insurance company?

Costs include setup fees, regulatory compliance, actuarial studies, capital requirements, and ongoing administrative expenses.


What is the significance of the "industrial life insurance" model?

Industrial life insurance was significant because it made life insurance accessible to working-class individuals. Policies were designed to be affordable and were typically sold in small denominations with premium payments collected weekly. This model expanded life insurance coverage to people who previously couldn’t afford standard policies.


How much does livestock insurance cost?

Premiums vary based on animal type, coverage level, location, risk factors, and policy exclusions. High-risk areas or valuable livestock typically result in higher premiums.


Does business interruption insurance cover cyberattacks?

Standard policies do not cover cyberattacks, but businesses can purchase cyber business interruption insurance, which provides coverage for income loss due to a data breach, ransomware attack, or IT system failure that disrupts business operations.


How does subrogation work in auto insurance claims?

In auto insurance, if an insurer pays for damages caused by another driver, it may pursue subrogation to recover costs from the at-fault driver’s insurer. If successful, the policyholder may also get their deductible refunded.


How does an endorsement affect an insurance policy?

An endorsement alters the original terms of the policy, either expanding or limiting coverage, adding exclusions, or adjusting the premium based on new coverage.


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