Types of insurance in Germany This is an overview of the common types of insurance in Germany, and why they are important. In Germany, if you cause damage to other people's body or property, you must pay reparations . For example, if you forget to remove the snow in front of your house and someone slips, they can sue you for damages. The value of the damages can be really high. You could pay for it for the rest of your life. Even a small accident can bankrupt you. If someone sues you for damages, liability insurance will cover the legal costs and the reparations. It only costs around 5€ per month, so it's worth it. 83% of Germans have liability insurance Use Tarifcheck to compare liability...
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Health insurance Health insurance provides insurance cover for the cost of medical care. Every person who lives or works in the Netherlands is legally obliged to take standard health insurance to cover the cost of, for example, consulting a general practitioner, hospital treatment and prescription medication. You may also opt to take additional insurance to cover costs not included in the standard package. How do I start an insurance policy? There are many websites that will help you choose the right type of insurance for your stage in life such as Zorgwijzer. In some occasions your employer can offer you an insurance at a reduced rate (collective health insurance). Please make sure you...
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The UT has taken out a number of group insurances for all employees. Healthcare insurance (Menzis) The University of Twente has concluded a collective health insurance with Menzis for its (retired) staff members and their families. By doing so, the University believes it can offer you a good-quality and affordable health insurance. As participant in the collective health insurance you will receive a collectivity discount of 5% per month on the premium of the basic insurances Menzis Basis and Menzis Basis Vrij. The discount on the premiums of the supplementary and dental insurances amounts to 15% as of 1 January 2022. As an UT employee, you will also receive 3 extra physiotherapy treatments...
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Other insurances Some types of insurance are obligatory in the Netherlands, some are strongly advisable and others are dependent on your situation. Insurance can be purchased directly from an insurance company, or via a bank or through a financial advisor. Compulsory insurances Opstalverzekering (Residential Premises Insurance) is obligatory for property owners. When purchasing an apartment, this is sometimes organised via the Vereniging van Eigenaars – VVE (Homeowners Association). Wettelijke Aansprakelijkheidsverzekering – WA (Third party/liability) is obligatory vehicle insurance that covers damage to third parties in the event of an accident. Levensverzekering (Life...
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The point of covering risks with insurance is to not fall into a situation where you need to pay extensive bills if something unexpected happens. Most people don’t have a gigantic savings account which they can use when – God forbid – they had a fire in their house or to pay for the funeral of a loved one. The hardest thing about getting insured in the Netherlands is to find out which insurance you need. To actually get insured is easy, it’s all done online and there are a gazillion insurers that can help you. A quick Google search can get you a long way but we can imagine that choosing the insurer that’s right for you can seem like a daunting task. How do you find out which...
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Insurance Sector Reaping Benefits of Intelligent Automation Greg Fritsky, Martin West, and Ben DiNapoli of EisnerAmper and Sathya Sethuraman of UiPath presented an insightful August webcast on insurance transformation using intelligent automation. They provided expert insight on the reasons companies implement intelligent automation, how insurance companies can start the transformation process, and a variety of real-life case studies. The group presented countless benefits a company could obtain by implementing intelligent automation. Whether you are an executive or an entry-level employee, you can see its positive impact. Robotic process automation can take a defined repetitive process and...
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NEW YORK, July 30, 2020 /PRNewswire/ -- eBaoTech Corporation (eBaoTech), a global leader in digital insurance solutions, announced that Aegon Life has joined more than 10 new clients across the US, Brazil, India, Botswana, Philippines, Indonesia, and Singapore - ranging from insurance carriers, insurtech startups, and digital channel partners - that have turned to InsureMO™ on Amazon Web Services (AWS) for increased agility and innovation, including faster product launches and new channel integrations. Aegon Life India chose InsureMO on AWS, to help extend investments in core systems without wholesale replacement of those systems. Core systems are often a barrier to digital innovation,...
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The COVID-19 pandemic has sparked an unprecedented economic crisis, during which tens of millions of Americans have relied on state and federal unemployment benefits as a lifeline of economic support. While unemployment programs are delivering billions of dollars of aid to families and the economy, the process of applying for and receiving that aid has been frustrating, with the millions seeking aid experiencing excruciating wait times at the hands of overwhelmed state systems. The TCF–New America pandemic unemployment insurance dashboard seeks to shed light on the impacts of and challenges facing this critical safety net. How Many Americans Filed for Benefits This Week? Figure 1 is a...
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(KHN Illustration/Getty Images) ST. LOUIS — Haley Organ thought she had everything figured out. After graduating from a small private college just outside Boston, she earned her master’s degree, entered the workforce and eventually landed a corporate job here as a data analyst. Life seemed to be going as planned until the national retailer that Organ worked for announced furloughs during the coronavirus pandemic. After nine weeks of mandatory leave, the 35-year-old was laid off. The company gave her a severance package and put an expiration date on her health insurance plan. “I haven’t slept the whole night since about March,” Organ said earlier this summer. “I can’t turn my brain off, just...
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