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The Industrie des assurances multiirisques (IAM) is a significant part of the Canadian Economy. It takes on risk at a low cost for both businesses and individuals, ensuring their future policy. It covers all insurance divisions, from assurance-vie up to assurance-maladie. It offers a broad range of combined products to satisfy every guarantee. A multiirisque, specialized industrial insurance policy protects your professional assets from possible dangers.
This sector is a hive of activity, and provides services to over 28 million insured consumers. The sector is controlled by provincial and federal authorities, and also includes a number of international and domestic insurers. In 2013, the industry generated 92 billion dollars and was made up of 107 insurers. SSQ Groupe Lender is one of the largest firms with a workforce greater than 3000 employees.
Before they can sell their products in Canada insurers offering this kind of coverage must meet specific capital requirements and specialization requirements. At present, the industry is controlled by local insurers, with three-quarters of the market under their control. The remaining 8% is held by international insurers.
A contract for industrial multiassurances is an ideal option for companies since it can help them recover from catastrophes and accidents, while also safeguarding their business assets. It covers fixed charges such as production interruption, fixed costs and many other things. It’s important to be aware that this kind of policy isn’t identical to a standard insurance plan, and it’s necessary to read the fine print carefully before purchasing it.