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Axis Brokers

Insurance, United States, New York, New York City

Axis Brokers - Your trusted partner in insurance solutions. Providing comprehensive coverage and personalized service to protect what matters most.

About Axis Brokers

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, New York state
Official Website
http://www.axisbrokers.com
Location Address Official Phone Email
United States of America, New York state United States, New York, New York City **** ****
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FAQs – Axis Brokers

What role does the World Trade Organization (WTO) play in international insurance?

The WTO facilitates international trade agreements, including those covering insurance services. The General Agreement on Trade in Services (GATS) allows insurers to operate in multiple countries under agreed-upon conditions, promoting fair competition and reducing barriers to entry in foreign insurance markets.


Can I purchase long-term disability insurance independently?

Yes, you can buy an individual LTD policy, which offers more flexibility and stays with you even if you change jobs, unlike employer-provided plans that end when you leave.


Are UBI premiums more variable than traditional premiums?

Yes, UBI premiums can be more variable since they depend on real-time driving behavior. A driver’s premium may change month-to-month based on their driving patterns.


What is a good loss ratio for an insurance company?

A good loss ratio varies by insurance type but generally falls between 40% and 70%. A loss ratio below 40% may indicate overpricing or underutilization of policies, while a ratio above 70% could signal potential financial risk due to excessive claims payouts.


Can businesses opt for ACV or RCV in commercial property insurance?

Businesses can choose either ACV or RCV in commercial property insurance, with ACV offering lower premiums but smaller payouts and RCV providing full replacement value at a higher policy cost.


How does IRDAI regulate the pricing of insurance products?

IRDAI regulates insurance product pricing by ensuring insurers offer fair, transparent, and competitive rates, approving tariffs, and ensuring that pricing does not lead to unfair market practices.


Is marine cargo insurance mandatory?

While not legally required, marine cargo insurance is highly recommended for protecting the value of goods during transit, especially for international shipping where risks are higher.


What happens if I see an out-of-network provider with a PPO?

Out-of-network care is covered, but at a higher cost. Members may need to pay upfront and file claims for reimbursement, depending on their insurer’s policies.


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