The Industrie des assurances multiirisques (IAM) is an important part of the Canadian Economy. It is a risk-taking company at a cost-effective cost for businesses and individuals guaranteeing their future insurance. It covers all insurance divisions, from assurance-vie through assurance-maladie, and provides a variety of combined products to meet every guarantee. A multi-specialist industrial insurance policy safeguards your assets from all possible risks.
The industry is a hive of activity and provides its services to over 28 million insured consumers. The industry is regulated by provincial and federal authorities. It also includes domestic and foreign insurers. In 2013, the sector was worth 92 billion dollars and was comprised of 107 insurers. One of the biggest firms is SSQ Groupe Lender, and it employs more than 3000 employees.
Insurance companies that offer this kind of coverage must satisfy specialized and capital requirements before they are able to offer their services in Canada. At present, the domestic insurers control 35% of the market. The remaining 8% is held by international insurers.
A contract of industrial multiassurances is an excellent choice for businesses since it can help them recover after disasters and accidents while also protecting their business assets. It can cover fixed charges such as production interruption, fixed costs and other issues. This type of insurance is different from a standard plan and you must take a look at the fine print prior to buying.