Instower has launched online Insurance Consulting services

It is a well-known fact that nowadays access to information on any subject is granted to almost any individual who has an internet connection and a computer device, and the subject of insurance is no exception. Millions of articles, books and other materials covering insurance erratically flow in the worldwide web. The problem which now is actual, is where from to find relevant information from reliable and trustworthy sources on specific topics.

It has to be noted that there are no universal rules applying to insurance operations for every company in any part of the world. Conclusion of insurance contracts and claims processing varies in procedures depending on local regulations, traditions and even religion.

Insurers usually possess far more human resources and specialist knowledge than policyholders do. It is therefore important for policyholders to have access to quality information from industry professionals to be able to conduct successful negotiations with their insurers and to resolve various issues. As for reinsurers, local regulations and practice may vary from the ones familiar to say a UK reinsurer and thus lead to incorrect decisions on claims, or may jeopardize the accurate assessment of risks prior to effecting insurance contracts.

Instower has decided to offer its’ accumulated knowledge and experience in general insurance to policyholders, which will assist them through the process of negotiating covers, understand wordings of proposed insurance products, develop internal procedures and guidelines facilitating compliance with insurance contracts’ conditions and other relevant services.

Instower also covers the needs of reinsurers and offers assistance to reinsurers and reinsurance intermediaries in making informed decisions during the whole process of underwriting risks and claims processing in Armenia.