Polynesia 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.

With the exception of New Zealand, the majority of independent Polynesian islands derive much of their income from foreign aid and remittances from those who live in other countries. Some encourage their young people to go where they can earn good money to remit to their stay-at-home relatives. Many Polynesian locations, such as Easter Island, supplement this with tourism income. Some have more unusual sources of income, such as Tuvalu which marketed its '. tv' internet top-level domain name or the Cooks that relied on postage stamp sales. Aside from New Zealand, another focus area of economic dependence regarding tourism is Hawaii. Hawaii is one of the most visited areas within the Polynesian Triangle, entertaining more than ten million visitors annually, excluding 2020. The economy of Hawaii, like that of New Zealand, is steadily dependent on annual tourists and financial counseling or aid from other countries or states. "The rate of tourist growth has made the economy overly dependent on this one sector, leaving Hawaii extremely vulnerable to external economic forces. "By keeping this in mind, island states and nations similar to Hawaii are paying closer attention to other avenues that can positively affect their economy by practicing more independence and less emphasis on tourist entertainment. The six countries in Polynesia are New Zealand, Solomon Islands, Tonga, Tuvalu, Vanuatu, and Samoa.