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An entity which supplies insurance is named an insurer, insurance firm, insurance coverage provider or underwriter A person or entity who buys insurance coverage is called an insured or as a policyholder. The insurance coverage transaction involves the insured assuming a guaranteed and known comparatively small loss within the type of fee to the insurer in trade for the insurer’s promise to compensate the insured within the occasion of a covered loss. The loss might or may not be financial, but it surely have to be reducible to monetary phrases, and often involves something during which the insured has an insurable curiosity established by ownership, possession, or pre-present relationship.
BionicM Inc., a Japanese startup that focuses on creating robot-managed synthetic legs for lower limb amputees, was awarded the US$100,000 grand prize. Four winners, including BionicM Inc., had been awarded US$10,000 each in four categories, AI & Robotics, FinTech, Health Expertise and Sensible City. They can even obtain incubation support from HKSTP to assist them develop their businesses.
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