Page 48 - Punjab Times September 2018 Edition

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AUSTRALIA RANKS THE SECOND MOST

TRANSPARENT PROPERTY MARKET IN THE WORLD

CROWN GROUP CEO SHARES INSIGHTS INTO PROPERTY INVESTMENT

Sydney, (Bureau) Monday development, located 6km from
August 20, 2018 – The CEO of Sydney’s CBD, Eastlakes Live.
a leading Australian developer has Designed by fjm, the $1 billion
highlighted Australia as the mixed-use development was
world’s second most transparent recently announced among the
real estate market; adding that winners of the 2018 Melbourne
transparency contributes to Design Awards in the category
Sydney’s strong property market. of “Graphic Design – Identity and
According to JLL’s Global Real Branding – Lifestyle”.
Estate Transparency Index, Stage one will include 134
Australia's property market ranks luxury apartments and 15 retail
the most transparent property outlets below. The development
market in the Asia- Pacific region, also features resort-style health
and the second most transparent and fitness facilities including an
in the world. infinity-edge 25m swimming pool,
Crown Group Chairman and gymnasium, barbecue facilities,
Group CEO Iwan Sunito said function rooms, water features,
Australia’s property market has landscaped gardens, a rooftop
attracted more offshore investors lounge and entertainment
into the residential developments facilities.
and its transparency has added The construction is scheduled
to Sydney’s international appeal. for completion in 2021. A
“Offshore investors place a premium range of apartments is
high value on property market now available for sale starting
transparency - they want a safe, from $669,400. The display
stable and healthy market for centre is now open daily from
investment,” Mr Sunito said. 10am to 4pm, located at 19a
Transparency is now one of growth, a sound economy and several decades. Investing in one but invest and wait - the earlier Evans Avenue, Eastlakes.
the key factors to be considered solid economic fundamentals. of the world’s most transparent the better,” he said. For more information, please
while investing in property, "Australia’s overall property property markets is always a safe Crown Group recently visit www.crowngroup.com.au/
alongside strong population market has been strong for move. You don’t wait to invest, launched its latest mixed-used eastlakes or call 1800 853 162.
Chubb Launches Flight Delay Insurance in Australia

SINGAPORE (Bureau) Chubb insurance plan, a payout is only books, magazines or any other efficient service. Flight delay allowing customers to purchase
announced the launch of Flight possible when the flight delay is expenses. insurance is timely in meeting the through the Chubb Connect app
Delay Insurance, an insurance more than six hours and for a Swiss Re validates the demand for relevant and and receive updates on flight
coverage for air travelers. specified loss, such as extra incidents in real-time using data affordable insurance. Without delay status."
Partnering with Swiss Re and accommodation. With Flight from FlightStats, a provider of the need to file a claim or submit Gianni Biason, Swiss Re's Head
FlightStats, the insurance is Delay Insurance, a delay of as real-time global flight data to the supporting documents to of Parametric & Emerging
available through the Chubb short as 30 minutes will trigger a consumers and the travel prove a flight delay, Chubb offers Solutions, added: "Our flight
Connect Appwhich was fixed payout. There are three industry. Once Swiss Re has an enhanced customer delay solution brings much-
launched in October last year. It policy options ranging from 30, confirmed the incident, United experience in our digitised needed transparency and
is powered by United Networks 45 and 60 minutes; any one of Networks will pay the amount world."
(ASX.UNL), an Australian global these will trigger a payout of directly into the customer's Nicholas Ghattas, CEO United simplicity to consumers. Swiss
connectivity, engagement and $100 for the affected customer. PayPal account without the Networks Ltd said: "We are Re's unique dynamic pricing and
payments platform provider. The Flight cancellations and diversions customer having to obtain any excited to be able to work with end-to-end solution helps
app offers a range of value-added automatically trigger a similar reports from the airline to file a Chubb and Swiss Re to innovate insurers and aviation partners
services to leisure travelers such payout. claim. and drive the insurance digital speed up their time-to-market
as access to a network of global The payout is usually Donna Dorairajoo, Chubb Asia revolution. Our leading global and steer their businesses real-
wi-fi hotspots and SOS alerts. processed within an hour, but at Pacific's Head of Travel Insurance connectivity, engagement and time."
Flight Delay Insurance the latest, within 72 hours of said: "Flight delays continue to payments platform will streamline A video introducing Flight
provides fixed compensation for arriving at the destination airport. be the top incident disrupting uptake, sale, onboarding and the
the inconvenience travelers may The payout may help travelers travel plans for today's automated claims process. The Delay Insurance, with a
face when their flight is cover unexpected costs travelers[1]. With more air travel, Flight Delay Insurance has been demonstration of the Chubb
cancelled, diverted or delayed. incurred, for example, ground Chubb recognises their need for integrated into the global Connect App, is available via
Typically, for a standard travel transportation, refreshments, tailored insurance protection and connectivity and SOS alerts app https://vimeo.com/282972050.

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