First Party Insurance
The term “first party” refers here to the loss suffered by the company itself. This has some implications, for example with regard to the insured interest, the deductible amount or the question of whether products can be combined in order to optimise the effectiveness of the company’s insurance portfolio.
New economic and technical developments regularly result in new products brought on the market – the most discussed among them certainly cyber insurance, probably the youngest member of the Financial Lines product family.
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