Afghanistan Insurance Tenders and Bids

Get access to latest Afghanistan insurance tenders and bids. Find business opportunities and government contracts for Afghanistan insurance tenders, accidental insurance, Afghanistan medical insurance, banking insurance, government insurance tenders Afghanistan, risk insurance, Afghanistan insurance services tenders, Afghanistan insurance consultancy tenders, building insurance tenders. Find Afghanistan insurance tenders, bids, procurement, RFPs, RFQs, ICBs. The economy of Afghanistan has steadily improved in the last decade due to the return of a large number of wealthy expats, the modernization of the nation's agriculture sector, and the establishment of more trade routes with neighboring and regional countries. The billions of dollars in international assistance that came from expats and outside investors saw this increase when there was more political reliability after NATO became involved in Afghanistan's reconstruction. The nation's GDP (PPP) stands these days at about $70 billion with an exchange rate of $20 billion (2017), and the GDP per capita (PPP) is about $2,000. It imports over $6 billion worth of goods but exports about $1 billion worth of legal products, mainly fruits and nuts. Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. Policyholder and insured are often used as but are not necessarily synonyms, as coverage can sometimes extend to additional insureds who did not buy the insurance. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster.