What does general insurance mean?
Definitions for general insurance
gen·er·al in·sur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word general insurance.
Wikidata
General insurance
General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance. It is called property and casualty insurance in the U.S. and Canada and Non-Life Insurance in Continental Europe. In the UK, insurance is broadly divided into three areas: personal lines, commercial lines and London market. The London market insures large commercial risks such as supermarkets, football players and other very specific risks. It consists of a number of insurers, reinsurers, P&I Clubs, brokers and other companies that are typically physically located in the City of London. The Lloyd's of London is a big participant in this market. The London Market also participates in personal lines and commercial lines, domestic and foreign, through reinsurance. Commercial lines products are usually designed for relatively small legal entities. These would include workers' comp, public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organisations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.
Numerology
Chaldean Numerology
The numerical value of general insurance in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of general insurance in Pythagorean Numerology is: 4
Examples of general insurance in a Sentence
Typically the non-life market follows the life market in development, so, after many years of focus on the life sector, the Indonesian general insurance sector is ripe for expansion.
Aviva Chief Executive Mark Wilson:
This new partnership extends Aviva's presence in general insurance, brings additional diversification benefits to the group and presents excellent opportunities for revenue and earnings growth in the attractive Canadian market.
Translations for general insurance
From our Multilingual Translation Dictionary
- γενική ασφάλισηGreek
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"general insurance." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/general+insurance>.
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