Melanesia insurance tenders

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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.

Melanesia is a subregion of Oceania in the southwestern Pacific Ocean. It extends from New Guinea in the west to Tonga in the east, and includes the Arafura Sea and a few thousand islands. The region includes the four independent countries of Fiji, Vanuatu, the Solomon Islands, and Papua New Guinea. It also includes the French colonial collectivity of New Caledonia and parts of Indonesia – notably the provinces of Papua and West Papua. Almost all of the region is in the Southern Hemisphere; only a few small islands that aren't politically considered part of Oceania—specifically the north western islands of Western New Guinea—lie in the Northern Hemisphere. Countries in Melanesia - Fiji, Vanuatu, the Solomon Islands, Papua New Guinea, New Caledonia.