INSURANCE UNDERWRITING

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List Of Insurance Companies In Png, Png Finance And Insurance

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SCAL Chief Underwriting Officer, Mr Uari Oaveta (seated in the middle in the photo above) leads a young, friendly and confident team ready to promptly attend to all insurance requests and inquiries. 

We aim to make insurance easy for your understand and appreciate, so that you can give your fullest efforts to the opportunities that are present in Papua New Guinea. These opportunities come in different forms such as your personal assets, your small business, or if you are in charge of a major corporation. It is important that this growth opportunities must be secured by reliable, timely and effective insurance underwriting that is specific to each client.

Underwriting is about evaluating the risk and exposures of assets that clients intend to insure. It is the most important process in an insurance company. Every Insurer has their own set of underwriting guidelines to enable the underwriters to determine whether the Insurer should accept the risks or not.

SCAL's objective is to offer affordable and effective insurance cover and set a high standard for customer service, hence our approach is to rigorously assess the risk information provided by clients so that the insurance policy can be proportionately underwritten and be maintained in a timely manner. The SCAL underwriting team works very closely with the Risk Survey team to physically inspect and survey clients' properties and make recommendations to minimize potential losses, and also the Service Center team to ensure make sure all policy information is accurately entered and updated in the insurance software system.

PERSONAL LINES INSURANCE

Personal Lines insurance are specifically for individuals who seek to protect their personal property such as their privately owned car, house or boat, as well as loved ones and domestic workers (people employ to maintain your household on a daily basis). These types of insurance will give you peace of mind knowing that you are not risking financial ruin if a major loss were to occur. Personal Lines policies offered by SCAL are:

Covers your privately owned motor vehicle from physical loss and or damage resulting from an accident including theft/burglary.

Private Motor Vehicle

Householders (Building & Contents)

Cover for your home and contents from any unforeseen losses.

Private Travel

Covers loss of baggage, money, travel documents and incidental medical costs incurred during domestic and international travels.

Domestic Workers Compensation

Covers bodily injury and loss of life for domestic workers, people whom you have engaged to maintain your household on a daily basis.

Domestic All Risk

SCAL can cover your loss of personal valuables and other items that you carry with you beyond the physical location of your home.

Pleasure Craft

Covers your personal marine craft against damages to your craft and passengers, so you can explore and enjoy the beautiful coastlines of PNG

BUSINESS INSURANCE

Every business whether big or small faces unique challenges that could affect its operations and potential to compete. That is why it is crucial to have insurance cover to protect your business, because the consequences of a loss incident, such as a major fire or motor vehicle accident, can be detrimental to the growth and future of your business. Our aim is simple- to help you understand the type of insurance you need and offer it at an affordable price, plus we will provide you the support you need along the way.

Liability

  • Workers' Compensation

  • Public Liability

  • Directors & Officers Liability

  • Professional Indemnity

  • Carriers' Liability

  • Stevedores Liability

  • Performance Bond

Medical & PA

  • Group Medical & PA

Miscellaneous

  • Fidelity Guarantee

  • General Property

  • Money

  • Theft/Burglary

Motors Vehicle

  • Fleet Cover

​​Marine

  • Marine Cargo

  • Marine Hull

  • Pleasure Craft

Property

  • Commercial Fire

  • Industrial Special Risk

Engineering

  • Contractors All Risk

  • Plant & Equipment

  • Boilers & Pressure

Motor Vehicle

  • Commercial Motor

  • Fleet Cover

Property

  • Commercial Fire

Liability

  • Workers' Compensation

  • Public Liability

Miscellaneous

  • Fidelity Guarantee

  • General Property

  • Money

  • Theft/Burglary

SMALL BUSINESS (SME)

CORPORATE BUSINESS