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General Insurance Articles, Analysis, and Case Studies

CCW Global Insurance Brokers has created a number of in-depth resources and articles to help you understand the issues revolving around general insurance topics in Hong Kong. We will be continually updating this page with content which provides extensive analysis and investigates all the core concerns in relation to your general insurance coverage needs in Asia's world city.

What is Indemnity?

Published on: 26 October 2021 by Michael Lamb

Insurance is defined as: the equitable exchange of risk from one party to another in return for an agreed fee. One of the mechanisms that enables the equitable exchange of risk is “Indemnity.

Indemnity is a core concept to many types of insurance coverage and is defined as exact financial compensation of an insured loss. Under the concept of indemnity, the compensation provided to offset any financial loss must be the exact amount of the loss; no more, and no less.

What is Utmost Good Faith?

Published on: 13 October 2021 by Michael Lamb

If you have been following CCW’s recent exploration of the Principles and Theories of Insurance in Hong Kong then you will know that in the past few weeks we have covered:

Last week we investigated how these different principles were applied to the handling of Pre-existing conditions under health insurance policies. In that article we noted that, because of the complex nature of pre-existing medical conditions, and the fact that these conditions are normally excluded from coverage, some applicants may attempt to hide the existence of a condition when applying for insurance coverage.

What Caused a Claim; Understanding Proximate Cause

Published on: 29 September 2021 by Michael Lamb

When purchasing insurance one of the biggest concerns facing a policyholder is ensuring that their claims will be paid. After all, insurance is the equitable exchange of risk for a pre-determined fee. The policyholder wants to ensure that their risk is being covered by the insurance company when they take out any policy of insurance.

However, when it comes to paying a claim the insurance company needs to determine what caused the loss, and that the cause of the loss is covered under the policy.

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