South East Asia 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.

Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia or SEA, is the geographical southeastern subregion of Asia, consisting of the regions that are south of China, south-east of the Indian subcontinent and north-west of Australia. [6] Southeast Asia is bordered to the north by East Asia, to the west by South Asia and the Bay of Bengal, to the east by Oceania and the Pacific Ocean, and to the south by Australia and the Indian Ocean. Apart from the British Indian Ocean Territory and two out of 26 atolls of Maldives in South Asia, Southeast Asia is the only other subregion of Asia that lies partly within the Southern Hemisphere. The majority of the subregion is still in the Northern Hemisphere. East Timor and the southern portion of Indonesia are the only parts that are south of the Equator. The region lies near the intersection of geological plates, with both heavy seismic and volcanic activities. The Sunda Plate is the main plate of the region, featuring almost all Southeast Asian countries except Myanmar, northern Thailand, northern Laos, northern Vietnam, and northern Luzon of the Philippines. The mountain ranges in Myanmar, Thailand, and Peninsular Malaysia are part of the Alpide belt, while the islands of the Philippines are part of the Pacific Ring of Fire. Both seismic belts meet in Indonesia, causing the region to have relatively high occurrences of earthquakes and volcanic eruptions. countries in south east asia - Brunei, Burma (Myanmar),Cambodia,Timor-Leste,Indonesia,Laos,Malaysia,Philippines,Singapore,Thailand,Vietnam.