USA Insurance - Life Insurance and Companies in USA
For USA insurance specific to life insurance coverage, this is a formal agreement between the insurance company and the policyholder. This agreement outlines what the insurance company agrees to pay to a chosen beneficiary in money at the time the policyholder passes away. Now, depending on the type of USA insurance, sometimes payout to the beneficiary would be made for a situation of critical illness or terminal illness.
For this type of protection, the policyholder makes an agreement with the insurance company that on scheduled dates, a certain amount of money known as the premium would be paid to the insurance company. Typically, USA life insurance companies have a determined amount. For instance, a person could take out a policy for $10,000 or into the millions. However, the more money being purchased that would be paid out at the time of death the more expensive the premium and the more criteria to qualify for the policy.
It is important to understand that the agreement between the company providing USA life insurance and the policyholder is legally binding. This contract outlines any limitations of the policy, the types of events in which money would be paid out, any exclusions, and so on. For instance, most life insurance policies will not paid out money if the policyholder commits suicide, defrauds the insurance company, dies participating in a riot, or gets involved with any type of civil commotion.
When looking at USA life insurance policies, the contracts typically fall into one of two main categories, which include:
1. Protection – These policies are created so a benefit would be paid out for a specific event. Typically, the payout is a lump sum and the most common type of protection life insurance is known as “term life”.
2. Investment – Another type of USA life insurance policy is designed to increase in capital every time the policyholder makes a single premium. The most common types of policies for the investment category include universal, variable, and whole life.
There are so many different USA insurance companies but the following are some of the best known, the companies that have the highest ratings and the happiest policyholders.
• Aetna
• AIG American General
• Allstate Insurance Company
• American Family Company
• Boston Mutual Life Insurance Company
• Colonial Life
• Farmers Insurance
• Global Life and Accident Insurance Company
• Liberty Mutual
• Lincoln Financial Group
• Mass Mutual Financial Group
• Metropolitan Life Insurance Company
• Mutual of Omaha
• Nationwide Insurance
• Principal Financial Group
• Prudential Financial
• Shelter Life Insurance Company
• State Farm Insurance
• The Hartford
• Transamerica
• William Penn
Again, these are just a few of the many companies for USA life insurance but these do not include general life and other specific coverage types. You can always conduct research online to find even more companies and then spend time looking at the different policies offered, as well as price so you can find the policy ideal for you.
Monday, December 27, 2010
UK Insurance, Insurance in United Kingdom
UK Insurance, Insurance in United Kingdom
The UK insurance business is an important contributor to the economy, a major employer and a significant source of overseas earnings. It helps businesses to protect themselves from risk and provides a wide range of services to ordinary people, from car and house insurance to pensions, life cover and savings.
Today Lloyd's of London is the world's leading insurance market, housed in an award-winning modern building in Lime Street in the City of London. Its origins, however, lay in the more modest surroundings of a 17th century coffee house.
Insurance provides five strategic benefits to the society.
* Freedom from what would otherwise be crushing personal and business liabilities.
* Security at home and work against accident, crime, fire and natural calamities.
* Better health from additional investment in medical care.
* Prosperity through support for entrepreneurial energy, innovation and risk taking.
* Flexibility by being better tailored to individual circumstances and making social and economic life less reliant on Government.
By analyzing the above points it is very clear that a world without insurance will be more daunting, poorer and stagnant place.
Basic principles
Although many types of insurances seem complicated still the basic principles are straightforward. Insurance companies assess the risk of any eventuality and the potential downside associated with it. Then, based on past experience and their own expertise, insurance companies calculate the 'premium' that a customer needs to pay to provide cover against injury or loss. When the insured event happens, the company pays out the agreed level of claim.
Overall, the total premiums must cover the total claims, which may need to be paid out. To help ensure that costs are kept as low as possible, and that customers' needs are met, insurance companies also invest in the stock market and elsewhere.
The main types of insurance in United Kingdom are:
* General insurance.
* Life and pensions.
* Health and protection
* Car insurance. Remember to always select a car insurance company that understands the industry.
* Travel insurance, which can be either multiple or single trip tra
The UK insurance business is an important contributor to the economy, a major employer and a significant source of overseas earnings. It helps businesses to protect themselves from risk and provides a wide range of services to ordinary people, from car and house insurance to pensions, life cover and savings.
Today Lloyd's of London is the world's leading insurance market, housed in an award-winning modern building in Lime Street in the City of London. Its origins, however, lay in the more modest surroundings of a 17th century coffee house.
Insurance provides five strategic benefits to the society.
* Freedom from what would otherwise be crushing personal and business liabilities.
* Security at home and work against accident, crime, fire and natural calamities.
* Better health from additional investment in medical care.
* Prosperity through support for entrepreneurial energy, innovation and risk taking.
* Flexibility by being better tailored to individual circumstances and making social and economic life less reliant on Government.
By analyzing the above points it is very clear that a world without insurance will be more daunting, poorer and stagnant place.
Basic principles
Although many types of insurances seem complicated still the basic principles are straightforward. Insurance companies assess the risk of any eventuality and the potential downside associated with it. Then, based on past experience and their own expertise, insurance companies calculate the 'premium' that a customer needs to pay to provide cover against injury or loss. When the insured event happens, the company pays out the agreed level of claim.
Overall, the total premiums must cover the total claims, which may need to be paid out. To help ensure that costs are kept as low as possible, and that customers' needs are met, insurance companies also invest in the stock market and elsewhere.
The main types of insurance in United Kingdom are:
* General insurance.
* Life and pensions.
* Health and protection
* Car insurance. Remember to always select a car insurance company that understands the industry.
* Travel insurance, which can be either multiple or single trip tra
Spain Insurance, Insurance in Spain
Spain Insurance, Insurance in Spain
Regardless of the type of Spain insurance you are interested in buying, home, motor, health, travel, commercial, or marine, it is important to shop around for the best policy and premium. Usually, consumers understand what a policy and premium are but few really understand the insurance industry as a whole. Beyond coverage and deductibles, one of the best things you can do is become educated about Spain insurance.
Obviously, you want to have a good idea as to the type of Spain insurance needed and from there, you could begin your search. To find the policy that is going to serve your needs best and for the price you can afford, you want to request quotes from several insurance companies. With this, you would have the opportunity to review the details for the policy quotes, narrowing your choice down to one or two.
For Spain insurance covering the home, you would choose from building and/or content coverage. If you want, a single policy that offers protection for both the building and contents would be available but insurance experts for Spain recommend that you keep the two policies separate. The reason is that insurance quotes for the two would be very different and by going with two policies over one, you would likely save significant money.
You can also purchase Spain insurance to protect your car. In this case, the policy would provide protection for any loss if you were to be involved in an accident. Of course, the exact type of Spain insurance for your car would depend on what you actually need and want. For instance, you could go with a liability policy whereby bodily injury would be offered, along with medical payments and property damage, or you could choose collision or comprehensive coverage, which covers physical damage.
Another type of Spain insurance coverage that is popular in this country is life insurance. Just as life insurance in any other country, the goal is to purchase a policy for the amount that would benefit family members should you die. Although anyone could take out a life insurance policy as long as set criteria is met, this type of Spain insurance coverage is recommended to anyone who is the primary income earner. Interestingly, many people still believe that life insurance coverage is too expensive to afford but this is so untrue.
If you do not live in Spain but you plan to visit, whether short or long-term, you want to consider a policy for Spain insurance specific to travel. Coverage of this type is designed to provide protection in case you were to become ill or injured while in this country. With travel insurance, you would have access to the best healthcare and not be expected to pay out of pocket. Many policies for travel insurance cover more than just healthcare by also protecting your personal possessions and even helping with the bill to fly you back home.
Finally, Spain insurance is available for healthcare expenses. In this case, you would be protected from new injuries or illness. Unfortunately, coverage for healthcare in Spain does not include pre-existing conditions so if a problem already exists, you would not be able to purchase this type of Spain insurance coverage. However, if you have no pre-existing condition, you have some great policy options.
Regardless of the type of Spain insurance you are interested in buying, home, motor, health, travel, commercial, or marine, it is important to shop around for the best policy and premium. Usually, consumers understand what a policy and premium are but few really understand the insurance industry as a whole. Beyond coverage and deductibles, one of the best things you can do is become educated about Spain insurance.
Obviously, you want to have a good idea as to the type of Spain insurance needed and from there, you could begin your search. To find the policy that is going to serve your needs best and for the price you can afford, you want to request quotes from several insurance companies. With this, you would have the opportunity to review the details for the policy quotes, narrowing your choice down to one or two.
For Spain insurance covering the home, you would choose from building and/or content coverage. If you want, a single policy that offers protection for both the building and contents would be available but insurance experts for Spain recommend that you keep the two policies separate. The reason is that insurance quotes for the two would be very different and by going with two policies over one, you would likely save significant money.
You can also purchase Spain insurance to protect your car. In this case, the policy would provide protection for any loss if you were to be involved in an accident. Of course, the exact type of Spain insurance for your car would depend on what you actually need and want. For instance, you could go with a liability policy whereby bodily injury would be offered, along with medical payments and property damage, or you could choose collision or comprehensive coverage, which covers physical damage.
Another type of Spain insurance coverage that is popular in this country is life insurance. Just as life insurance in any other country, the goal is to purchase a policy for the amount that would benefit family members should you die. Although anyone could take out a life insurance policy as long as set criteria is met, this type of Spain insurance coverage is recommended to anyone who is the primary income earner. Interestingly, many people still believe that life insurance coverage is too expensive to afford but this is so untrue.
If you do not live in Spain but you plan to visit, whether short or long-term, you want to consider a policy for Spain insurance specific to travel. Coverage of this type is designed to provide protection in case you were to become ill or injured while in this country. With travel insurance, you would have access to the best healthcare and not be expected to pay out of pocket. Many policies for travel insurance cover more than just healthcare by also protecting your personal possessions and even helping with the bill to fly you back home.
Finally, Spain insurance is available for healthcare expenses. In this case, you would be protected from new injuries or illness. Unfortunately, coverage for healthcare in Spain does not include pre-existing conditions so if a problem already exists, you would not be able to purchase this type of Spain insurance coverage. However, if you have no pre-existing condition, you have some great policy options.
South Africa Insurance, Insurance in South-Africa
South Africa Insurance, Insurance in South-Africa
One of the best places to learn about South Africa insurance is with the South Africa Insurance Department, an organization dedicated to both consumers and providers. As you will discover in this article, all types of information needed is provided on this one website. The following is just some of the insight specific to insurance coverage for the people of South Africa so you can see just how helpful this organization for this country.
• Latest Developments – Within this category is a list of updated information that everyone could benefit from, which changes whenever new developments occur. Although there are too many things to list, some of the most current articles and publications available about South Africa insurance include:
• Five-year projections for short-term insurers
• International Association of Insurance Supervisors
• Public Warning Advertorial for Unregistered Insurance Business
• Securities Lending
• FSB Warnings to the Public
• Regulation Amendments – Another category provided on this site for South Africa insurance is one dedicated to providing information about regulation amendments. This category also changes whenever current regulations are modified or new regulations established.
• Publications – One area that consumers, providers, and insurers of South Africa insurance can benefit from most is the publication area. A few examples of what you will find include:
• Information on the Assistance Policy pertaining to the Long-Term Insurance Act
• Amendment to Regulation 4.2 of part 4 pertaining to the Short-Term Insurance Act
• List of Registered Insurers – From the consumer standpoint, this category for South Africa insurance is without doubt one of the most important. In this section of the site, you would have the opportunity to look at licensed insurers for both short and long-term coverage
• Insurance Acts, Bills, Draft Bills, Regulations, and Board Notices – This section is helpful for consumers and insurers alike. The information contained in the section covers all of the official rules for South Africa insurance so there is no question about what is and what is not allowed.
• Document Download – You will even find an area where documents and forms can be downloaded to your computer, again for short and long-term coverage. Although this section is typically used by South Africa insurance providers and companies, it also provides insightful information for consumers.
• Insurance Links – Within this category are all kinds of links to outside companies pertaining to South Africa insurance. For instance, you could visit the SA Insurance Association, Short-Term Ombudsman, International Association of Insurance Supervisors, World Insurance Portal, and the list goes on.
The bottom line is that to find helpful information and answers specific to South Africa insurance, this is the website to visit. Virtually everything you could possible need and more is located in one, convenient location, which is why so many people from this country depend on this organization.
Instead of spending countless hours researching insurance policies, premiums, insurer licensing, and more, you can visit this one site and find it all. The professional of the South Africa Insurance Department are dedicated to making sure the people of South Africa have the best insurance coverage opportunities possible.
One of the best places to learn about South Africa insurance is with the South Africa Insurance Department, an organization dedicated to both consumers and providers. As you will discover in this article, all types of information needed is provided on this one website. The following is just some of the insight specific to insurance coverage for the people of South Africa so you can see just how helpful this organization for this country.
• Latest Developments – Within this category is a list of updated information that everyone could benefit from, which changes whenever new developments occur. Although there are too many things to list, some of the most current articles and publications available about South Africa insurance include:
• Five-year projections for short-term insurers
• International Association of Insurance Supervisors
• Public Warning Advertorial for Unregistered Insurance Business
• Securities Lending
• FSB Warnings to the Public
• Regulation Amendments – Another category provided on this site for South Africa insurance is one dedicated to providing information about regulation amendments. This category also changes whenever current regulations are modified or new regulations established.
• Publications – One area that consumers, providers, and insurers of South Africa insurance can benefit from most is the publication area. A few examples of what you will find include:
• Information on the Assistance Policy pertaining to the Long-Term Insurance Act
• Amendment to Regulation 4.2 of part 4 pertaining to the Short-Term Insurance Act
• List of Registered Insurers – From the consumer standpoint, this category for South Africa insurance is without doubt one of the most important. In this section of the site, you would have the opportunity to look at licensed insurers for both short and long-term coverage
• Insurance Acts, Bills, Draft Bills, Regulations, and Board Notices – This section is helpful for consumers and insurers alike. The information contained in the section covers all of the official rules for South Africa insurance so there is no question about what is and what is not allowed.
• Document Download – You will even find an area where documents and forms can be downloaded to your computer, again for short and long-term coverage. Although this section is typically used by South Africa insurance providers and companies, it also provides insightful information for consumers.
• Insurance Links – Within this category are all kinds of links to outside companies pertaining to South Africa insurance. For instance, you could visit the SA Insurance Association, Short-Term Ombudsman, International Association of Insurance Supervisors, World Insurance Portal, and the list goes on.
The bottom line is that to find helpful information and answers specific to South Africa insurance, this is the website to visit. Virtually everything you could possible need and more is located in one, convenient location, which is why so many people from this country depend on this organization.
Instead of spending countless hours researching insurance policies, premiums, insurer licensing, and more, you can visit this one site and find it all. The professional of the South Africa Insurance Department are dedicated to making sure the people of South Africa have the best insurance coverage opportunities possible.
Singapore Insurance, Insurance in Singapore
Singapore Insurance, Insurance in Singapore
According to the Department of statistics Singapore, there is more collections of premiums from Life and general Insurances, which have contributed 11.8 percent increase in business receipts of insurance services during first quarter of 2005.This was in contrast to the decline of 13.4 percent recorded in the previous year.
According to the Insurance development data 2003,total industry Assets of insurance in Singapore was $77,406.4 Million. Per capita Expenditure on Life insurance was $ 2,963and per capita Expenditure on General insurance was $ 682.
Life Insurance In Singapore
Generally peoples of Singapore purchase Life insurances keeping in view the following points.
* Having financial care of the survivors.
* Paying off any outstanding debts - a mortgage, other loans, credit card balances etc.
* Providing money in the event when you are diagnosed with a dread disease or terminal illness some policies will advance you part or all of the death benefit so that you can fill in for lost income, get the special treatment you want, spend quality time with your family, etc.
* Paying estate taxes and other settlement costs - wherever they have to be paid.
* Providing educational funds for your children or grandchildren.
* Supplementing your retirement income - life insurance can often accumulate tax-sheltered.
* Making charitable donations.
There are mainly three types of personal life insurances used in Singapore
Term Insurance
This can be used in renting an apartment. It builds no equity within the policy. If the concerned person stops paying premiums, the coverage ends. And just like the rental lease upon an apartment, the premiums can increase after the initial term of the policy ends. But, in the short term it offers the highest amount of coverage for the lowest cost.
Whole Life Insurance
This is like buying a house. The upfront costs and annual premiums are usually higher than term insurance but those premiums are generally fixed throughout the term of the policy. Most whole life policies offer a build-up of equity within the policy with significant tax advantages in that build-up.
Universal Life Insurance
This is a flexible combination of Term and Whole Life. It has many of the features and minimal premiums of a term policy, and yet offers flexibility to increase those premium payments and accumulate equity using some of the features and advantages of a whole life policy.
According to Life Insurance Data 2003 total new businesses, which constitute the total numbers of policies, were 637,346,total sums insured $39,029.2 Million and annual Premiums $ 499.8 Million. Total premium incomes $10,183.8 Million.
Life Insurance Association Of Singapore
Life Insurance Association is a trade Association comprising twelve direct insurers and six reinsures who are licensed by the Monetary Authority Of Singapore (MAS) to transact Life insurance or Life reinsurance business in Singapore.
Its objective is to promote growth and development of the Singapore life insurance Industry.Keeping in view attaining manifold objectives the LIA undertakes various activities, which are as follows
* The development of life insurance industry in consultation with MAS.
* Promotion of Standards of industry practice.
* Promotion of public awareness of Life insurance
According to the Department of statistics Singapore, there is more collections of premiums from Life and general Insurances, which have contributed 11.8 percent increase in business receipts of insurance services during first quarter of 2005.This was in contrast to the decline of 13.4 percent recorded in the previous year.
According to the Insurance development data 2003,total industry Assets of insurance in Singapore was $77,406.4 Million. Per capita Expenditure on Life insurance was $ 2,963and per capita Expenditure on General insurance was $ 682.
Life Insurance In Singapore
Generally peoples of Singapore purchase Life insurances keeping in view the following points.
* Having financial care of the survivors.
* Paying off any outstanding debts - a mortgage, other loans, credit card balances etc.
* Providing money in the event when you are diagnosed with a dread disease or terminal illness some policies will advance you part or all of the death benefit so that you can fill in for lost income, get the special treatment you want, spend quality time with your family, etc.
* Paying estate taxes and other settlement costs - wherever they have to be paid.
* Providing educational funds for your children or grandchildren.
* Supplementing your retirement income - life insurance can often accumulate tax-sheltered.
* Making charitable donations.
There are mainly three types of personal life insurances used in Singapore
Term Insurance
This can be used in renting an apartment. It builds no equity within the policy. If the concerned person stops paying premiums, the coverage ends. And just like the rental lease upon an apartment, the premiums can increase after the initial term of the policy ends. But, in the short term it offers the highest amount of coverage for the lowest cost.
Whole Life Insurance
This is like buying a house. The upfront costs and annual premiums are usually higher than term insurance but those premiums are generally fixed throughout the term of the policy. Most whole life policies offer a build-up of equity within the policy with significant tax advantages in that build-up.
Universal Life Insurance
This is a flexible combination of Term and Whole Life. It has many of the features and minimal premiums of a term policy, and yet offers flexibility to increase those premium payments and accumulate equity using some of the features and advantages of a whole life policy.
According to Life Insurance Data 2003 total new businesses, which constitute the total numbers of policies, were 637,346,total sums insured $39,029.2 Million and annual Premiums $ 499.8 Million. Total premium incomes $10,183.8 Million.
Life Insurance Association Of Singapore
Life Insurance Association is a trade Association comprising twelve direct insurers and six reinsures who are licensed by the Monetary Authority Of Singapore (MAS) to transact Life insurance or Life reinsurance business in Singapore.
Its objective is to promote growth and development of the Singapore life insurance Industry.Keeping in view attaining manifold objectives the LIA undertakes various activities, which are as follows
* The development of life insurance industry in consultation with MAS.
* Promotion of Standards of industry practice.
* Promotion of public awareness of Life insurance
Russia Insurance, Russian Insurance, Insurance in Russia
Russia Insurance, Russian Insurance, Insurance in Russia
Everywhere you go in the world there is insurance. Insurance in Russia today is not what it was during the Soviet period. During this time the people of Russia knew little about insurance at the individual level and generally regarded it as a waste of money that was swallowed up by the government. The only exception to this was a few cases that were connected to life saving insurance plans.
At that point in time there was only one insurance agency throughout Russia and it was owned by the State. It was the Ministry of Finance that determined the yearly budget for various enterprises. A portion of that budget was expected to go to the Central Insurance Agency in the event that a natural disaster or a fire was to occur. There was then one All-Union insurance company that went by the name of “Gosstrakh”. This company had branches in different areas of the Soviet Union. That is the short version of what insurance in Russia was like in the past.
All citizens were required to carry certain types of insurance in those days. For example, it was mandatory for passengers to have insurance if they wished to use intercity or international transportation. The cost of the ticket included the insurance that was a requirement. Those who were employed in hazardous jobs were also required to have mandatory labor protection insurance. The only kind of commercial insurance that was offered by Gosstrakh was voluntary life insurance.
Insurance in Russia has come a long way since those days. It is now an individual sphere of a growing economy. Russia has its own capital as well as its own policies. Even at the level of the State, Russia’s insurance industry is developing and becoming both bigger and better.
As of the first of October, 2000 there were 1245 insurance companies registered in Russia. All of the premiums brought in by Russian insurance providers during the first nine months of the same year equalled 118.5 billion rubles. This works out to be four percent of the gross national product (GNP).
The number of voluntary insurance policies has grown by leaps and bounds in Russia over the years. In fact the premiums collected by companies in terms of voluntary insurance have increased by 1.8 times. This is continuing to grow all of the time. More and more Russian citizens are coming to see that insurance in Russia is not a waste of their hard earned money but can provide ample protection for their loved ones as well as themselves.
Everywhere you go in the world there is insurance. Insurance in Russia today is not what it was during the Soviet period. During this time the people of Russia knew little about insurance at the individual level and generally regarded it as a waste of money that was swallowed up by the government. The only exception to this was a few cases that were connected to life saving insurance plans.
At that point in time there was only one insurance agency throughout Russia and it was owned by the State. It was the Ministry of Finance that determined the yearly budget for various enterprises. A portion of that budget was expected to go to the Central Insurance Agency in the event that a natural disaster or a fire was to occur. There was then one All-Union insurance company that went by the name of “Gosstrakh”. This company had branches in different areas of the Soviet Union. That is the short version of what insurance in Russia was like in the past.
All citizens were required to carry certain types of insurance in those days. For example, it was mandatory for passengers to have insurance if they wished to use intercity or international transportation. The cost of the ticket included the insurance that was a requirement. Those who were employed in hazardous jobs were also required to have mandatory labor protection insurance. The only kind of commercial insurance that was offered by Gosstrakh was voluntary life insurance.
Insurance in Russia has come a long way since those days. It is now an individual sphere of a growing economy. Russia has its own capital as well as its own policies. Even at the level of the State, Russia’s insurance industry is developing and becoming both bigger and better.
As of the first of October, 2000 there were 1245 insurance companies registered in Russia. All of the premiums brought in by Russian insurance providers during the first nine months of the same year equalled 118.5 billion rubles. This works out to be four percent of the gross national product (GNP).
The number of voluntary insurance policies has grown by leaps and bounds in Russia over the years. In fact the premiums collected by companies in terms of voluntary insurance have increased by 1.8 times. This is continuing to grow all of the time. More and more Russian citizens are coming to see that insurance in Russia is not a waste of their hard earned money but can provide ample protection for their loved ones as well as themselves.
Philippines Insurance, Insurance In Philippines
Philippines Insurance, Insurance In Philippines
The Philippines, which is formally known as the “Republic of the Philippines” is located in Southeast Asia. In addition, the Philippines is comprised of some 7,100 islands, a country with rich natural resources, pristine beaches, and warm-hearted people. Initially, the Philippines was a colony of the United States and Spain but during WWII, it was occupied by the Japanese. Then in 1945, the Philippines was liberated by the United States and just one year later, the country was granted independence.
When it comes to insurance in the Philippines, most of the primary cities offer some type and level of medical care. Unfortunately, when looking at the more remote and rural areas, finding quality medical care is difficult. Interestingly, medical care provided by trained doctors and nurses in most areas is very inexpensive but even with this care provided in hospitals is below standard.
Often, people traveling to this part of the world choose to take out insurance in the Philippines just in case they were to become sick or experience injury. Known as “international medical insurance”, this type of coverage is good for entire families. Most policies provided can be customized according to needs, meaning the person taking a trip to the Philippines can choose what is going to serve his or her needs. In fact, insurance in the Philippines for travelers can also have clauses added for dental, maternity, and various other situations.
Primarily, the Department of Health operates and oversees the healthcare provided in the Philippines. The people within this department strive to make healthcare services for natives fair, affordable, and quality, specifically for those living in poverty. The system used in this country is dual, which means there is a type of service and insurance in the Philippines for the private sector and then another one for the public sector.
For healthcare provided to people in the public sector, funding comes from taxation. However, in return citizens are provided with free services. For the private sector, money comes from the patients themselves or from some type of insurance in the Philippines. For people with low income levels, medical care is offered through health clinics under the government but for those with mid to high income levels they have the luxury of choosing where to receive medical care.
Because approximately 65% of all hospitals are private, it is imperative to have insurance in the Philippines to ensure the best care available is being provided. Even though the healthcare system overall is rated as “good”, it is important for travelers from wealthier countries to realize that the type of facility and level of medical care from doctors and hospital staff is not going to compare. However, choosing insurance in the Philippines while visiting would provide the opportunity to be seen by the best instead of ending up with a low level facility or doctor.
With insurance in the Philippines, people actually see doctors who have graduated from medical schools and practice medicine in the United States and other top rated countries. Even the best nursing staff in this country has been provided with exceptional training so they possess skills that are actually above industry standard. One of the most important reasons to consider insurance while traveling to this part of the world is that if a person needed to be hospitalized or evacuated to the home country, without insurance the cost would be outrageous. A great company for insurance in the Philippines is GlobalSurance, which provides all types of policies.
The Philippines, which is formally known as the “Republic of the Philippines” is located in Southeast Asia. In addition, the Philippines is comprised of some 7,100 islands, a country with rich natural resources, pristine beaches, and warm-hearted people. Initially, the Philippines was a colony of the United States and Spain but during WWII, it was occupied by the Japanese. Then in 1945, the Philippines was liberated by the United States and just one year later, the country was granted independence.
When it comes to insurance in the Philippines, most of the primary cities offer some type and level of medical care. Unfortunately, when looking at the more remote and rural areas, finding quality medical care is difficult. Interestingly, medical care provided by trained doctors and nurses in most areas is very inexpensive but even with this care provided in hospitals is below standard.
Often, people traveling to this part of the world choose to take out insurance in the Philippines just in case they were to become sick or experience injury. Known as “international medical insurance”, this type of coverage is good for entire families. Most policies provided can be customized according to needs, meaning the person taking a trip to the Philippines can choose what is going to serve his or her needs. In fact, insurance in the Philippines for travelers can also have clauses added for dental, maternity, and various other situations.
Primarily, the Department of Health operates and oversees the healthcare provided in the Philippines. The people within this department strive to make healthcare services for natives fair, affordable, and quality, specifically for those living in poverty. The system used in this country is dual, which means there is a type of service and insurance in the Philippines for the private sector and then another one for the public sector.
For healthcare provided to people in the public sector, funding comes from taxation. However, in return citizens are provided with free services. For the private sector, money comes from the patients themselves or from some type of insurance in the Philippines. For people with low income levels, medical care is offered through health clinics under the government but for those with mid to high income levels they have the luxury of choosing where to receive medical care.
Because approximately 65% of all hospitals are private, it is imperative to have insurance in the Philippines to ensure the best care available is being provided. Even though the healthcare system overall is rated as “good”, it is important for travelers from wealthier countries to realize that the type of facility and level of medical care from doctors and hospital staff is not going to compare. However, choosing insurance in the Philippines while visiting would provide the opportunity to be seen by the best instead of ending up with a low level facility or doctor.
With insurance in the Philippines, people actually see doctors who have graduated from medical schools and practice medicine in the United States and other top rated countries. Even the best nursing staff in this country has been provided with exceptional training so they possess skills that are actually above industry standard. One of the most important reasons to consider insurance while traveling to this part of the world is that if a person needed to be hospitalized or evacuated to the home country, without insurance the cost would be outrageous. A great company for insurance in the Philippines is GlobalSurance, which provides all types of policies.
Mexico Insurance, Mexican Insurance, Insurance in Mexico
Mexico Insurance, Mexican Insurance, Insurance in Mexico
When it comes to shopping for Mexico insurance, you will find a long list of companies, some good and some less than good. As with insurance from any part of the world, it is important to get quotes from several companies so you have the opportunity to review policy details and premiums. That way, you would be able to buy the exact policy to fit your needs, regardless of type. In this article, we wanted to offer some insight into the Mexico insurance industry so you will be more confident in your decision-making process.
Obviously, you would have a choice of Mexico insurance coverage for your home, automobile, health, life, and so on. Regardless, you should look for specific things when shopping for insurance from this country. For one thing, automobile insurance is not mandated for Mexico drivers but it is recommended. After all, if you were involved with an accident, whether your fault or not, somehow the damage to the vehicle, as well as any bodily injury would need to be covered. Therefore, look for an insurance company that provides the right type of protection but without costing a fortune.
Another common type of Mexico insurance coverage that many residents choose to purchase is for healthcare. Now, if you happen to have insurance coverage through an employer, it would still be worthwhile purchasing a supplemental policy to fill the gap. This type of insurance would pay the bills if you were to become ill or injured, as well as provide prescription coverage. Although many people never purchase dental or vision Mexico insurance, it is also available if wanted.
Now, if you plan to travel to Mexico or you plan living there on a temporary basis, you should definitely consider buying travel insurance. One important note for this type of Mexico insurance – purchase as much as you can afford. Keep in mind that travel insurance in general is very inexpensive. Therefore, you want to buy the best coverage possible.
The reason for this is that if you were to become seriously ill or injured while in this country and need to be flown back to your country for top quality care, you would not be able to fly commercial. Instead, special arrangements would be required, which can be extraordinarily expensive. To ensure you get home safe so you can be treated medically, Mexico insurance for travel is imperative.
Now, if you purchase Mexico insurance specifically for travel, it would be important that the policy cover specific things. For instance, it should include personal accident coverage, which means any permanent bodily injuries would be covered, as well as the cost of a delay or cancellation of your flight, lost luggage, and even other temporary material loss.
Additionally, Mexico insurance for travel should provide coverage for theft of personal belongings. If you had money in your luggage and the baggage was stolen, you would recoup some of the funds. In addition, any jewelry, purses, shoes, computers, and other high-end items would be covered if your luggage were stolen or the items themselves. Travel assistance should also be included. While this type of protection is relatively new, it ensures protection in the form of helping you connect with a lawyer, doctor, or other professional in Mexico.
Finally, Mexico insurance for travel should also include third-party liability coverage. With this, if you were hurt accidentally, regardless of the way, this type of policy would cover you so proper healthcare would be received. In addition, if you needed legal assistance, any associated costs would also be covered.
When it comes to shopping for Mexico insurance, you will find a long list of companies, some good and some less than good. As with insurance from any part of the world, it is important to get quotes from several companies so you have the opportunity to review policy details and premiums. That way, you would be able to buy the exact policy to fit your needs, regardless of type. In this article, we wanted to offer some insight into the Mexico insurance industry so you will be more confident in your decision-making process.
Obviously, you would have a choice of Mexico insurance coverage for your home, automobile, health, life, and so on. Regardless, you should look for specific things when shopping for insurance from this country. For one thing, automobile insurance is not mandated for Mexico drivers but it is recommended. After all, if you were involved with an accident, whether your fault or not, somehow the damage to the vehicle, as well as any bodily injury would need to be covered. Therefore, look for an insurance company that provides the right type of protection but without costing a fortune.
Another common type of Mexico insurance coverage that many residents choose to purchase is for healthcare. Now, if you happen to have insurance coverage through an employer, it would still be worthwhile purchasing a supplemental policy to fill the gap. This type of insurance would pay the bills if you were to become ill or injured, as well as provide prescription coverage. Although many people never purchase dental or vision Mexico insurance, it is also available if wanted.
Now, if you plan to travel to Mexico or you plan living there on a temporary basis, you should definitely consider buying travel insurance. One important note for this type of Mexico insurance – purchase as much as you can afford. Keep in mind that travel insurance in general is very inexpensive. Therefore, you want to buy the best coverage possible.
The reason for this is that if you were to become seriously ill or injured while in this country and need to be flown back to your country for top quality care, you would not be able to fly commercial. Instead, special arrangements would be required, which can be extraordinarily expensive. To ensure you get home safe so you can be treated medically, Mexico insurance for travel is imperative.
Now, if you purchase Mexico insurance specifically for travel, it would be important that the policy cover specific things. For instance, it should include personal accident coverage, which means any permanent bodily injuries would be covered, as well as the cost of a delay or cancellation of your flight, lost luggage, and even other temporary material loss.
Additionally, Mexico insurance for travel should provide coverage for theft of personal belongings. If you had money in your luggage and the baggage was stolen, you would recoup some of the funds. In addition, any jewelry, purses, shoes, computers, and other high-end items would be covered if your luggage were stolen or the items themselves. Travel assistance should also be included. While this type of protection is relatively new, it ensures protection in the form of helping you connect with a lawyer, doctor, or other professional in Mexico.
Finally, Mexico insurance for travel should also include third-party liability coverage. With this, if you were hurt accidentally, regardless of the way, this type of policy would cover you so proper healthcare would be received. In addition, if you needed legal assistance, any associated costs would also be covered.
Malaysia Insurance, Insurance in Malaysia
Malaysia Insurance, Insurance in Malaysia
Being a part of the 1997 WTO Financial Services Agreement, Malaysia committed itself for allowing existing foreign shareholders of locally incorporated insurance companies to increase their shareholding to 51%. New entry by foreign insurance companies is limited to equity participation in locally incorporated insurance companies.
The insurance industry of Malaysia registered a second consecutive year of double-digit growth in 2004, supported by robust growth in the life sector. During the year 2004, combined premium income for life and general business increased at a stronger pace of 17.2% (2003: 11.6%) to achieve RM22,038.9 million (2003: RM18,812.3 million). The fundamentals underlying profitability were also stronger, with more disciplined underwriting supporting positive results in the general sector, while further improvements in asset-liability matching were observed in the life sector. Efficiency gains also contributed to improved results.
The insurance market continued to expand in reaching an increasingly important role in supporting economic and social development. Both insurance penetration and density levels have further enhanced. Combined premium income as a percentage of nominal Gross National Product increased to 5.2% (2003: 5.1%), while the market penetration rate was also higher at 37.9% (2003: 36.8%), underscoring its growing importance within the economy in promoting economic activity and individual financial well-being. Total assets of insurance funds expanded by 13.1% to RM86,848.5 million in 2004 (2003: RM76,807 million) mainly contributed by the growth of the life fund assets
For the second quarter of the year 2005,the finance, insurance, real estate and business services have grown by 4.7% percent.
Being a part of the 1997 WTO Financial Services Agreement, Malaysia committed itself for allowing existing foreign shareholders of locally incorporated insurance companies to increase their shareholding to 51%. New entry by foreign insurance companies is limited to equity participation in locally incorporated insurance companies.
The insurance industry of Malaysia registered a second consecutive year of double-digit growth in 2004, supported by robust growth in the life sector. During the year 2004, combined premium income for life and general business increased at a stronger pace of 17.2% (2003: 11.6%) to achieve RM22,038.9 million (2003: RM18,812.3 million). The fundamentals underlying profitability were also stronger, with more disciplined underwriting supporting positive results in the general sector, while further improvements in asset-liability matching were observed in the life sector. Efficiency gains also contributed to improved results.
The insurance market continued to expand in reaching an increasingly important role in supporting economic and social development. Both insurance penetration and density levels have further enhanced. Combined premium income as a percentage of nominal Gross National Product increased to 5.2% (2003: 5.1%), while the market penetration rate was also higher at 37.9% (2003: 36.8%), underscoring its growing importance within the economy in promoting economic activity and individual financial well-being. Total assets of insurance funds expanded by 13.1% to RM86,848.5 million in 2004 (2003: RM76,807 million) mainly contributed by the growth of the life fund assets
For the second quarter of the year 2005,the finance, insurance, real estate and business services have grown by 4.7% percent.
Kuwait Insurance, Insurance in Kuwait
Kuwait Insurance, Insurance in Kuwait
When it comes to finding Canada insurance, as well as information and resources, Insurance-Canada Ca Inc is one of the most resourceful organizations in existence. This organization helps keep consumers and various insurance professionals with the most current information about all types of insurance in Canada, as well as a list of insurance companies in Canada. With this directory, consumers can go through a comprehensive list of providers along with services to make educated decisions.
Just a few of the things that consumers and insurers have access to from this website includes finding coverage for special insurance policies, the best places to secure online quotes, statistics for Canada insurance, and more. Additionally, this site features reviews of services related to the insurance industry, upcoming events specific to insurance, and even an e-newsletter, which people can sign up to receive, which is loaded with a wealth of information.
Although this organization is not on the list of insurance companies in Canada, it is still a valuable resource. In fact, the organization that offers so much information, tips, and resources is not even owned by a financial institution of insurance company. However, this organization is owned and operated by professionals who understand Canada insurance and know where to find data, as well as organize and present it to both consumers and insurance companies.
Another interesting services provided by this organization to insurance companies in Canada is a means of advertising so the company can gain more visibility. This organization actually assists companies that offer Canada insurance help in reaching out to a targeted niche market so no matter the type of insurance policy being offered, advertising and other publications are going out directly to people that want to buy it.
The categories provided are quite lengthy and designed to make sure insurance companies are aware of the most current country regulations for the insurance industry and that consumers have answers on finding a reputable insurer, filing claims, and dealing with problems. For consumers, information is available for general information, automobile coverage, homeowner and renter insurance, health insurance, business insurance, travel insurance, life insurance, sports insurance, and even coverage for pets.
Then on the professional end, insurance companies would have access to categories such as current industry information, conferences and newsletters, policy management, distribution, client relationships, claims information, special products, and more. Keep in mind. Both consumers and insurers could research sub-categories within each of these categories for Canada insurance. The goal is to make sure that people needing insurance coverage have the ability to look at the top insurance companies in Canada and the people providing coverage offer the best policies and the best premiums for Canada insurance possible.
When it comes to finding Canada insurance, as well as information and resources, Insurance-Canada Ca Inc is one of the most resourceful organizations in existence. This organization helps keep consumers and various insurance professionals with the most current information about all types of insurance in Canada, as well as a list of insurance companies in Canada. With this directory, consumers can go through a comprehensive list of providers along with services to make educated decisions.
Just a few of the things that consumers and insurers have access to from this website includes finding coverage for special insurance policies, the best places to secure online quotes, statistics for Canada insurance, and more. Additionally, this site features reviews of services related to the insurance industry, upcoming events specific to insurance, and even an e-newsletter, which people can sign up to receive, which is loaded with a wealth of information.
Although this organization is not on the list of insurance companies in Canada, it is still a valuable resource. In fact, the organization that offers so much information, tips, and resources is not even owned by a financial institution of insurance company. However, this organization is owned and operated by professionals who understand Canada insurance and know where to find data, as well as organize and present it to both consumers and insurance companies.
Another interesting services provided by this organization to insurance companies in Canada is a means of advertising so the company can gain more visibility. This organization actually assists companies that offer Canada insurance help in reaching out to a targeted niche market so no matter the type of insurance policy being offered, advertising and other publications are going out directly to people that want to buy it.
The categories provided are quite lengthy and designed to make sure insurance companies are aware of the most current country regulations for the insurance industry and that consumers have answers on finding a reputable insurer, filing claims, and dealing with problems. For consumers, information is available for general information, automobile coverage, homeowner and renter insurance, health insurance, business insurance, travel insurance, life insurance, sports insurance, and even coverage for pets.
Then on the professional end, insurance companies would have access to categories such as current industry information, conferences and newsletters, policy management, distribution, client relationships, claims information, special products, and more. Keep in mind. Both consumers and insurers could research sub-categories within each of these categories for Canada insurance. The goal is to make sure that people needing insurance coverage have the ability to look at the top insurance companies in Canada and the people providing coverage offer the best policies and the best premiums for Canada insurance possible.
Japan Insurance, Japanese Insurance, Insurance in Japan
Japan Insurance, Japanese Insurance, Insurance in Japan
If you are getting ready to move to Japan and while excited, you know you need to find a reputable company for Japan insurance, this information will be helpful. Moving to a foreign country is an amazing adventure, especially to a beautiful place such as Japan. However, chances are no matter the country you are moving from, the rules for insurance in Japan will be different. Therefore, one of the most important things you need to do is learn all you can about Japan insurance so you follow the laws but also have the right coverage and for a reasonable price.
Just as with most countries, insurance in Japan is available for your vehicle, home, health, etc. Unfortunately, some people will move to this country without a full understanding of the type of coverage needed and mandated. To avoid problems, you want to work with a well-known insurance company, one that is going to do the research required to find the right policy for your specific needs. After all, you would not want Japan insurance that is a cookie-cutter solution.
Then, no matter the type of insurance in Japan you need, always review the details of the policy before signing anything. If you find inaccuracies, these would need to be corrected first. Additionally, if the Japan insurance policy does not make sense or you have questions whatsoever, ask. Of course, if the insurer hesitates to walk you through the policy, then you should be wary. The reason is the reputable companies selling insurance in Japan are there to help you get excellent and affordable coverage.
We will first look at insurance in Japan to protect your home. With this, you would choose from two options – home and contents. In this case, you could purchase two policies for Japan insurance or one for each. Again, an honest insurer would review both possibilities to find the one that would keep the premium down. Interestingly, most people think the cost of the building coverage is the most expensive but often, the policy for home contents costs the most.
Another type of Japan insurance is for your automobile. This type of coverage would also be available in different policy types depending on what you need. For instance, you might choose to go with just liability, which would cover property damage, bodily injury, and medical payments. Typically, Japan insurance of this type is usually the most affordable but it does not provide as much coverage as the other option, which is called collision and comprehensive. With this second type of insurance in Japan, both your car and the other car involved in an accident would have protection.
You might even think about purchasing a Japan insurance policy for life, which means if you were to die, the beneficiaries chosen by you would be protected financially. Obviously, we all want to protect the family and with a good policy, they would be cared for after your passing. Now, some people are approved for this type of coverage and some are not. If you have a pre-existing health issue, many companies that sell insurance in Japan for life coverage will not approve the policy. Again, you can work with a qualified company to determine where you stand.
Finally, you definitely want to make sure you purchase a Japan insurance policy for health. As in the United States, many companies in Japan provide employees with coverage but if this were not the case, you would need to purchase an individual policy. Keep in mind that for insurance in Japan specific to healthcare, any medical condition that existed prior would not be covered. For this reason, when moving to Japan, one of the first things you need to do is look at policy options for Japan insurance before it is too late.
If you are getting ready to move to Japan and while excited, you know you need to find a reputable company for Japan insurance, this information will be helpful. Moving to a foreign country is an amazing adventure, especially to a beautiful place such as Japan. However, chances are no matter the country you are moving from, the rules for insurance in Japan will be different. Therefore, one of the most important things you need to do is learn all you can about Japan insurance so you follow the laws but also have the right coverage and for a reasonable price.
Just as with most countries, insurance in Japan is available for your vehicle, home, health, etc. Unfortunately, some people will move to this country without a full understanding of the type of coverage needed and mandated. To avoid problems, you want to work with a well-known insurance company, one that is going to do the research required to find the right policy for your specific needs. After all, you would not want Japan insurance that is a cookie-cutter solution.
Then, no matter the type of insurance in Japan you need, always review the details of the policy before signing anything. If you find inaccuracies, these would need to be corrected first. Additionally, if the Japan insurance policy does not make sense or you have questions whatsoever, ask. Of course, if the insurer hesitates to walk you through the policy, then you should be wary. The reason is the reputable companies selling insurance in Japan are there to help you get excellent and affordable coverage.
We will first look at insurance in Japan to protect your home. With this, you would choose from two options – home and contents. In this case, you could purchase two policies for Japan insurance or one for each. Again, an honest insurer would review both possibilities to find the one that would keep the premium down. Interestingly, most people think the cost of the building coverage is the most expensive but often, the policy for home contents costs the most.
Another type of Japan insurance is for your automobile. This type of coverage would also be available in different policy types depending on what you need. For instance, you might choose to go with just liability, which would cover property damage, bodily injury, and medical payments. Typically, Japan insurance of this type is usually the most affordable but it does not provide as much coverage as the other option, which is called collision and comprehensive. With this second type of insurance in Japan, both your car and the other car involved in an accident would have protection.
You might even think about purchasing a Japan insurance policy for life, which means if you were to die, the beneficiaries chosen by you would be protected financially. Obviously, we all want to protect the family and with a good policy, they would be cared for after your passing. Now, some people are approved for this type of coverage and some are not. If you have a pre-existing health issue, many companies that sell insurance in Japan for life coverage will not approve the policy. Again, you can work with a qualified company to determine where you stand.
Finally, you definitely want to make sure you purchase a Japan insurance policy for health. As in the United States, many companies in Japan provide employees with coverage but if this were not the case, you would need to purchase an individual policy. Keep in mind that for insurance in Japan specific to healthcare, any medical condition that existed prior would not be covered. For this reason, when moving to Japan, one of the first things you need to do is look at policy options for Japan insurance before it is too late.
Italy Insurance, Italian Insurance, Insurance in Italy
Italy Insurance, Italian Insurance, Insurance in Italy
In Italy total direct and indirect insurance premiums collected by firms in the year 2002
was $86,239 million. Particularly, $32,454 million came from casualty insurance premiums and $53,784 from life insurance premiums, which increased respectively by 8.0 percent and 18.4 percent over the previous year.
Life insurance premiums continued to experience rapid growth accounting for 61.5 percent of the total insurance premiums in 2002. The overall demand for insurance products also continued to increase and registered a 12.7 percent growth rate slightly greater than 9.4 percent of the previous year.
The importance of the insurance industry in Italy measured by the ratio premiums/GDP- has increased in every years since 1999, moving from 3 percent in 1999 to almost 4 percent in 2001, This ratio is over 10 percent for the UK and around 6 percent for France.
The insurance sector is continued to play a major role in Italy's financial markets due to the deficit of the national pension and health system and the increased importance of the newly created private pension funds.
Among the top ten Insurance companies operating in the sector,eight are large Italian insurance companies led by “Assicurazioni Generali”. Foreign-owned insurance companies maintain an estimated market share of 30 percent.
Countries whose firms have the strongest market presence are Germany (Ras, Lloyd Adriatico), Switzerland (Winterthur Assicurazioni) and France (Axa Assicurazioni).
Presently so many US Companies are doing business in Italy (including AIG Europe, Cigna Life Insurance, Chubb Insurance, Prumerica Life and Allstate).
U.S. companies are expected to take advantage of greater opportunities in Italy due to the liberalization of the EU insurance services market, as well as to the newly introduced Italian tax incentives for insurance covers involving individual supplemental allowance and long-term care plans.
In Italy total direct and indirect insurance premiums collected by firms in the year 2002
was $86,239 million. Particularly, $32,454 million came from casualty insurance premiums and $53,784 from life insurance premiums, which increased respectively by 8.0 percent and 18.4 percent over the previous year.
Life insurance premiums continued to experience rapid growth accounting for 61.5 percent of the total insurance premiums in 2002. The overall demand for insurance products also continued to increase and registered a 12.7 percent growth rate slightly greater than 9.4 percent of the previous year.
The importance of the insurance industry in Italy measured by the ratio premiums/GDP- has increased in every years since 1999, moving from 3 percent in 1999 to almost 4 percent in 2001, This ratio is over 10 percent for the UK and around 6 percent for France.
The insurance sector is continued to play a major role in Italy's financial markets due to the deficit of the national pension and health system and the increased importance of the newly created private pension funds.
Among the top ten Insurance companies operating in the sector,eight are large Italian insurance companies led by “Assicurazioni Generali”. Foreign-owned insurance companies maintain an estimated market share of 30 percent.
Countries whose firms have the strongest market presence are Germany (Ras, Lloyd Adriatico), Switzerland (Winterthur Assicurazioni) and France (Axa Assicurazioni).
Presently so many US Companies are doing business in Italy (including AIG Europe, Cigna Life Insurance, Chubb Insurance, Prumerica Life and Allstate).
U.S. companies are expected to take advantage of greater opportunities in Italy due to the liberalization of the EU insurance services market, as well as to the newly introduced Italian tax incentives for insurance covers involving individual supplemental allowance and long-term care plans.
Ireland Insurance Challenges
Ireland Insurance Challenges
Every country provides citizens with insurance but the setup of the insurance industry varies from one country to another. For Ireland insurance, specific to homeowner and automobile insurance coverage, options exist. Interestingly, insurance policies are provided in major economies in various parts of the UK but for Ireland insurance, policies are still in very early stages.
Most people looking to purchase homeowner’s insurance in the United Kingdom and the United States choose to go through online businesses, with numbers as high as 20%. However, for people wanting to purchase Ireland insurance, only about 1% of purchases are made via the internet. Although people in Ireland use the internet for other purchases such as clothing, music, books, computer software, and so on, they still do not take full advantage of the internet for insurance.
Another fascinating aspect of Ireland insurance is that for people looking to purchase a homeowner’s or automobile policy, most do not consider price as the most critical factor when deciding. Often, these people are more interested in the various features of the policy, which is why education of what different policies cover is so vital. People in Ireland need to understand that any policy being considered should meet their specific needs so they do not end up with a cookie-cutter solution.
Now, when it comes to Ireland insurance specific to homeowner’s coverage, a couple of common problems are seen. For one thing, it is common to see buildings insured too much but on the other hand, contents of homes and businesses are usually not insured enough. Another challenge specific to Ireland insurance for homeowner’s coverage is that in most cases, the standard policy would not cover accidental damage.
The other type of Ireland insurance that is commonly purchased is for the automobile. In this case, it is important for the people of this country to look at the policy and its features, again choosing a policy specific to their needs. Unfortunately, a lot of confusion circulates around coverage if someone else drives the policyholder’s car. Because of this, it is common to see people purchase too much coverage for Ireland insurance specific to automobile protection.
The most important advice for anyone in the market for Ireland insurance is that just as with any other country, it is essential to work with a reputable insurance company, shop around for different policies and premiums, and ask questions. If a person is not sure what a phrase or clause means, they should get clarification before locking into a legal contract. The simple decision to look at a number of options for Ireland insurance could easily save a person significant money each year.
For a competitive advantage when looking for Ireland insurance, consumers should consider working with companies that have strong customer satisfaction. This means people need to find an insurance company that puts them first instead of working hard to sell a policy or coverage that is not even needed. One way of accomplishing this would be using the internet to research different companies and ask family and friends for recommendations.
Every country provides citizens with insurance but the setup of the insurance industry varies from one country to another. For Ireland insurance, specific to homeowner and automobile insurance coverage, options exist. Interestingly, insurance policies are provided in major economies in various parts of the UK but for Ireland insurance, policies are still in very early stages.
Most people looking to purchase homeowner’s insurance in the United Kingdom and the United States choose to go through online businesses, with numbers as high as 20%. However, for people wanting to purchase Ireland insurance, only about 1% of purchases are made via the internet. Although people in Ireland use the internet for other purchases such as clothing, music, books, computer software, and so on, they still do not take full advantage of the internet for insurance.
Another fascinating aspect of Ireland insurance is that for people looking to purchase a homeowner’s or automobile policy, most do not consider price as the most critical factor when deciding. Often, these people are more interested in the various features of the policy, which is why education of what different policies cover is so vital. People in Ireland need to understand that any policy being considered should meet their specific needs so they do not end up with a cookie-cutter solution.
Now, when it comes to Ireland insurance specific to homeowner’s coverage, a couple of common problems are seen. For one thing, it is common to see buildings insured too much but on the other hand, contents of homes and businesses are usually not insured enough. Another challenge specific to Ireland insurance for homeowner’s coverage is that in most cases, the standard policy would not cover accidental damage.
The other type of Ireland insurance that is commonly purchased is for the automobile. In this case, it is important for the people of this country to look at the policy and its features, again choosing a policy specific to their needs. Unfortunately, a lot of confusion circulates around coverage if someone else drives the policyholder’s car. Because of this, it is common to see people purchase too much coverage for Ireland insurance specific to automobile protection.
The most important advice for anyone in the market for Ireland insurance is that just as with any other country, it is essential to work with a reputable insurance company, shop around for different policies and premiums, and ask questions. If a person is not sure what a phrase or clause means, they should get clarification before locking into a legal contract. The simple decision to look at a number of options for Ireland insurance could easily save a person significant money each year.
For a competitive advantage when looking for Ireland insurance, consumers should consider working with companies that have strong customer satisfaction. This means people need to find an insurance company that puts them first instead of working hard to sell a policy or coverage that is not even needed. One way of accomplishing this would be using the internet to research different companies and ask family and friends for recommendations.
Indonesia Insurance, Insurance Companies In Indonesia, Insurance in Indonesia
Indonesia Insurance, Insurance Companies In Indonesia, Insurance in Indonesia
Social Health Insurance In Indonesia
The health status of people in Indonesia is improving slowly over the last two decades. Factors like low education, low income, difficult geographical access, cultural problems and health care financing are responsible for the low improvement of health status in Indonesia. World Health Report 2000 has clearly suggested that health care financing is the most important element in achieving health improvement. The level of health care financing affects the availability of human resources, medical supplies, distribution of healthcare facilities, quality of health services, and other important processes. The main hypothesis of this study is that health care financing is the key component to sustainable and significant health improvement.
Government in its study has reported that health care financing has progressed in Indonesia in the last two decades. The study emphasized on following points:
(1) To identify health care financing from various sources in the last two decades;
(2) To identify gaps in health care financing in relation to health care needs;
(3) To assess philosophy and regulations that may affect health care financing, and
(4) To identify various feasible options to improve equity in health care financing.
Data from Susenas 1992 to Susenas 2001 (ten year annual survey) has revealed that access to hospital care is very poor for the bottom 60% of the total population. On an average, each household must spend more than 100% of the household income for one admission, regardless of public or private hospitals.
Health care hospital data shows that the proportion of poor and nearly- poor patients to the total patients served by public and private hospitals was far below than the proportion of poor to the population. In many public hospitals the proportions of the poor patients admitted was less than 1% of the total patients. In contrast, the proportion of the poor to the community is far above 20% of the total population. The gaps in access to hospital services between the poor and the rich continue to be very high.
The social safety net programming funded by a loan from the Asian Development Bank, has improved access to the poor.
Property Insurance In Indonesia
It covers property's damage and loss caused by fire, natural disasters or other type damages with sudden mishappenings.
Property Insurance is of following types:
Polis Standar Kebakaran Indonesia (PSKI) covers the house, building, shops etc
Industrial All Risks (IAR) or Property All Risks (PAR) is broader than PSKI's insurance. This policy gives indemnification for any property damage or loss caused by sudden occurrences and unexpected. The insurance covered includes loss from natural disaster such as flood, landslide, storm, etc.
Marine Cargo Insurance
Such types of Insurance cover the damage or loss of goods transported from one place to another by using of land transportation (truck, train, trailer), sea (ship), air (aircraft).
Insurance provided in these types include all risks condition. This includes fire, transport vehicle accident (stranded, sink, inversed, collision), loading and unloading in the emergency port, earthquake, volcano eruption, jettison etc.
Oil and Gas Insurance covers the damage or loss for exploration equipment and oil production.
Aviation Insurance covers the aircraft damage or loss during the flight, mooring, or on the ground. It also covers the damage or loss on hull, spares, passenger legal liability, and third party liability.
Space Insurance covers the damage or loss of satellite, including third party liability. Such Insurance covers the following types of insurances:
* Construction Insurance
* Pre-Launch Insurance
* Launch Insurance
* Satelit In-Orbit Insurance
* Liability Insurance
Personal Accident Insurance covers the loss caused by Insured personal accident or persons that are being insured includes persons relating to the insured such as the insured's employees the insured's family, etc.
Liability Insurancecovers third party liability either on bodily injury or property damage during the time of business activity run by the Insured persons.
Money Insurance covers the money loss owned by the Insured person.
Money Insurance is of following types
(1) Cash In Safe (CIS) Insurance
It covers the money loss owned by the insured in safe box.
(2) Cash In Transit (CIT) Insurance
It covers money loss owned by the insured during delivery from one place to another.
(3) Cash In cashier's Box (CICB) Insurance
It covers money loss owned by the insured safe in the cashier or places where transactions are done.
Fidelity Guarantee (FG) Insurance
It covers money loss owned by the insured caused by employee's dishonesty handling in cash management
Burglary Insurance covers insured's property loss caused by theft/burglary with break and enter to the property's place.
Business Insurance Rates
Social Health Insurance In Indonesia
The health status of people in Indonesia is improving slowly over the last two decades. Factors like low education, low income, difficult geographical access, cultural problems and health care financing are responsible for the low improvement of health status in Indonesia. World Health Report 2000 has clearly suggested that health care financing is the most important element in achieving health improvement. The level of health care financing affects the availability of human resources, medical supplies, distribution of healthcare facilities, quality of health services, and other important processes. The main hypothesis of this study is that health care financing is the key component to sustainable and significant health improvement.
Government in its study has reported that health care financing has progressed in Indonesia in the last two decades. The study emphasized on following points:
(1) To identify health care financing from various sources in the last two decades;
(2) To identify gaps in health care financing in relation to health care needs;
(3) To assess philosophy and regulations that may affect health care financing, and
(4) To identify various feasible options to improve equity in health care financing.
Data from Susenas 1992 to Susenas 2001 (ten year annual survey) has revealed that access to hospital care is very poor for the bottom 60% of the total population. On an average, each household must spend more than 100% of the household income for one admission, regardless of public or private hospitals.
Health care hospital data shows that the proportion of poor and nearly- poor patients to the total patients served by public and private hospitals was far below than the proportion of poor to the population. In many public hospitals the proportions of the poor patients admitted was less than 1% of the total patients. In contrast, the proportion of the poor to the community is far above 20% of the total population. The gaps in access to hospital services between the poor and the rich continue to be very high.
The social safety net programming funded by a loan from the Asian Development Bank, has improved access to the poor.
Property Insurance In Indonesia
It covers property's damage and loss caused by fire, natural disasters or other type damages with sudden mishappenings.
Property Insurance is of following types:
Polis Standar Kebakaran Indonesia (PSKI) covers the house, building, shops etc
Industrial All Risks (IAR) or Property All Risks (PAR) is broader than PSKI's insurance. This policy gives indemnification for any property damage or loss caused by sudden occurrences and unexpected. The insurance covered includes loss from natural disaster such as flood, landslide, storm, etc.
Marine Cargo Insurance
Such types of Insurance cover the damage or loss of goods transported from one place to another by using of land transportation (truck, train, trailer), sea (ship), air (aircraft).
Insurance provided in these types include all risks condition. This includes fire, transport vehicle accident (stranded, sink, inversed, collision), loading and unloading in the emergency port, earthquake, volcano eruption, jettison etc.
Oil and Gas Insurance covers the damage or loss for exploration equipment and oil production.
Aviation Insurance covers the aircraft damage or loss during the flight, mooring, or on the ground. It also covers the damage or loss on hull, spares, passenger legal liability, and third party liability.
Space Insurance covers the damage or loss of satellite, including third party liability. Such Insurance covers the following types of insurances:
* Construction Insurance
* Pre-Launch Insurance
* Launch Insurance
* Satelit In-Orbit Insurance
* Liability Insurance
Personal Accident Insurance covers the loss caused by Insured personal accident or persons that are being insured includes persons relating to the insured such as the insured's employees the insured's family, etc.
Liability Insurancecovers third party liability either on bodily injury or property damage during the time of business activity run by the Insured persons.
Money Insurance covers the money loss owned by the Insured person.
Money Insurance is of following types
(1) Cash In Safe (CIS) Insurance
It covers the money loss owned by the insured in safe box.
(2) Cash In Transit (CIT) Insurance
It covers money loss owned by the insured during delivery from one place to another.
(3) Cash In cashier's Box (CICB) Insurance
It covers money loss owned by the insured safe in the cashier or places where transactions are done.
Fidelity Guarantee (FG) Insurance
It covers money loss owned by the insured caused by employee's dishonesty handling in cash management
Burglary Insurance covers insured's property loss caused by theft/burglary with break and enter to the property's place.
Business Insurance Rates
The Indian Insurance Industry
The Indian Insurance Industry
India insurance is a flourishing industry, with several national and international players competing and growing at rapid rates. Thanks to reforms and the easing of policy regulations, the Indian insurance sector been allowed to flourish, and as Indians become more familiar with different insurance products, this growth can only increase, with the period from 2010 - 2015 projected to be the 'Golden Age' for the Indian insurance industy.
India Insurance Policies at a Glance
Indian insurance companies offer a comprehensive range of insurance plans, a range that is growing as the economy matures and the wealth of the middle classes increases. The most common types include: term life policies, endowment policies, joint life policies, whole life policies, loan cover term assurance policies, unit-linked insurance plans, group insurance policies, pension plans, and annuities. General insurance plans are also available to cover motor insurance, home insurance, travel insurance and health insurance.
Due to the growing demand for insurance, more and more insurance companies are now emerging in the Indian insurance sector. With the opening up of the economy, several international leaders in the insurance sector are trying to venture into the India insurance industry.
India Insurance: History
The history of the Indian insurance sector dates back to 1818, when the Oriental Life Insurance Company was formed in Kolkata. A new era began in the India insurance sector, with the passing of the Life Insurance Act of 1912.
The Indian Insurance Companies Act was passed in 1928. This act empowered the government of India to gather necessary information about the life insurance and non-life insurance organizations operating in the Indian financial markets.
The Triton Insurance Company Ltd formed in 1850 and was the first of its kind in the general insurance sector in India. Established in 1907, Indian Mercantile Insurance Limited was the first company to handle all forms of India insurance.
Indian Insurance: Sector Reform
The formation of the Malhotra Committee in 1993 initiated reforms in the Indian insurance sector. The aim of the Malhotra Committee was to assess the functionality of the Indian insurance sector. This committee was also in charge of recommending the future path of insurance in India.
The Malhotra Committee attempted to improve various aspects of the insurance sector, making them more appropriate and effective for the Indian market.
The recommendations of the committee put stress on offering operational autonomy to the insurance service providers and also suggested forming an independent regulatory body.
The Insurance Regulatory and Development Authority Act of 1999 brought about several crucial policy changes in the insurance sector of India. It led to the formation of the Insurance Regulatory and Development Authority (IRDA) in 2000.
The goals of the IRDA are to safeguard the interests of insurance policyholders, as well as to initiate different policy measures to help sustain growth in the Indian insurance sector.
The Authority has notified 27 Regulations on various issues which include Registration of Insurers, Regulation on insurance agents, Solvency Margin, Re-insurance, Obligation of Insurers to Rural and Social sector, Investment and Accounting Procedure, Protection of policy holders' interest etc. Applications were invited by the Authority with effect from 15th August, 2000 for issue of the Certificate of Registration to both life and non-life insurers. The Authority has its Head Quarter at Hyderabad. Detailed information on IRDA is available at their web-site www.irdaindia.org
Protection of the interest of policy holders:
IRDA has the responsibility of protecting the interest of insurance policyholders. Towards achieving this objective, the Authority has taken the following steps:
India insurance is a flourishing industry, with several national and international players competing and growing at rapid rates. Thanks to reforms and the easing of policy regulations, the Indian insurance sector been allowed to flourish, and as Indians become more familiar with different insurance products, this growth can only increase, with the period from 2010 - 2015 projected to be the 'Golden Age' for the Indian insurance industy.
India Insurance Policies at a Glance
Indian insurance companies offer a comprehensive range of insurance plans, a range that is growing as the economy matures and the wealth of the middle classes increases. The most common types include: term life policies, endowment policies, joint life policies, whole life policies, loan cover term assurance policies, unit-linked insurance plans, group insurance policies, pension plans, and annuities. General insurance plans are also available to cover motor insurance, home insurance, travel insurance and health insurance.
Due to the growing demand for insurance, more and more insurance companies are now emerging in the Indian insurance sector. With the opening up of the economy, several international leaders in the insurance sector are trying to venture into the India insurance industry.
India Insurance: History
The history of the Indian insurance sector dates back to 1818, when the Oriental Life Insurance Company was formed in Kolkata. A new era began in the India insurance sector, with the passing of the Life Insurance Act of 1912.
The Indian Insurance Companies Act was passed in 1928. This act empowered the government of India to gather necessary information about the life insurance and non-life insurance organizations operating in the Indian financial markets.
The Triton Insurance Company Ltd formed in 1850 and was the first of its kind in the general insurance sector in India. Established in 1907, Indian Mercantile Insurance Limited was the first company to handle all forms of India insurance.
Indian Insurance: Sector Reform
The formation of the Malhotra Committee in 1993 initiated reforms in the Indian insurance sector. The aim of the Malhotra Committee was to assess the functionality of the Indian insurance sector. This committee was also in charge of recommending the future path of insurance in India.
The Malhotra Committee attempted to improve various aspects of the insurance sector, making them more appropriate and effective for the Indian market.
The recommendations of the committee put stress on offering operational autonomy to the insurance service providers and also suggested forming an independent regulatory body.
The Insurance Regulatory and Development Authority Act of 1999 brought about several crucial policy changes in the insurance sector of India. It led to the formation of the Insurance Regulatory and Development Authority (IRDA) in 2000.
The goals of the IRDA are to safeguard the interests of insurance policyholders, as well as to initiate different policy measures to help sustain growth in the Indian insurance sector.
The Authority has notified 27 Regulations on various issues which include Registration of Insurers, Regulation on insurance agents, Solvency Margin, Re-insurance, Obligation of Insurers to Rural and Social sector, Investment and Accounting Procedure, Protection of policy holders' interest etc. Applications were invited by the Authority with effect from 15th August, 2000 for issue of the Certificate of Registration to both life and non-life insurers. The Authority has its Head Quarter at Hyderabad. Detailed information on IRDA is available at their web-site www.irdaindia.org
Protection of the interest of policy holders:
IRDA has the responsibility of protecting the interest of insurance policyholders. Towards achieving this objective, the Authority has taken the following steps:
* IRDA has notified Protection of Policyholders Interest Regulations 2001 to provide for: policy proposal documents in easily understandable language; claims procedure in both life and non-life; setting up of grievance redressal machinery; speedy settlement of claims; and policyholders' servicing. The Regulation also provides for payment of interest by insurers for the delay in settlement of claim.
* The insurers are required to maintain solvency margins so that they are in a position to meet their obligations towards policyholders with regard to payment of claims.
* It is obligatory on the part of the insurance companies to disclose clearly the benefits, terms and conditions under the policy. The advertisements issued by the insurers should not mislead the insuring public.
* All insurers are required to set up proper grievance redress machinery in their head office and at their other offices.
* The Authority takes up with the insurers any complaint received from the policyholders in connection with services provided by them under the insurance contract.
Hong Kong Insurance, HK Insurance, Insurance In Hong Kong
Hong Kong Insurance, HK Insurance, Insurance In Hong Kong
For both insurers and policyholders, Hong Kong offers an excellent insurance environment. In fact, insurance coupled with financial services are among the most sophisticated markets in this country. Hong Kong is currently a leader in the Asian insurance center, which has been a huge draw to some of the most reputable insurance companies in the world. For people needing to buy insurance, this means the opportunities are vast for coverage sold through the best companies in existence.
While the numbers continue to grow, statistics show that in Hong Kong, 181 authorized insurers are available, which is broken down by 117 as general insurers, 45 being long-term insurers, and the rest consisting of composite insurers. Ever since the Asia financial crisis in the 1990s, Hong Kong offers a more liberal regional insurance market. With this, new insurance companies have become established and existing insurance companies have been able to expand, giving consumers a magnificent opportunity when it comes to securing the right coverage.
When it comes to buying insurance in Hong Kong if you plan to travel there and stay temporarily, both medical care and insurance coverage is actually considered among the best in the world. For healthcare, most companies provide employees of both medical centers locally and worldwide with exceptional care and coverage. However, if you want to visit this exotic place, purchasing expat insurance in Hong Kong is highly recommended. The purpose of purchasing insurance in Hong Kong specific to travel is to provide you with protection in case you were to become sick or injured while there. Even if you have outstanding insurance coverage in the country and state where you live, when in a foreign country, it would not apply. For this reason, you need a separate and temporary policy to ensure in certain situations you are provided with the best medical care possible. Just as you would do when shopping for insurance at home, you need to get quotes from a number of companies when looking for insurance in Hong Kong. Although each insurance company offers something slightly different, most have a list of common scenarios in which the insurance would go into effect. In addition to being provided with quality healthcare, this type of insurance is also designed to provide protection for things you take on the trip that might be stolen, damaged, or lost. The primary areas in which insurance in Hong Kong for travel would cover include the following:
• Electronics (computer, iPod, iPad, mobile phone, etc)
• Injury and sudden illness
• Emergency services 24-hours a day
• Lost, stolen, or damaged personal items such as documents, jewelry, suitcases, clothing, and so on
• Cancellations for hotels, flights, car rentals, transportation, and other such items if you were to become ill or injured
• Strive if you had to return home early
• Potentially dangerous activities such as sky diving, scuba diving, skiing, etc
• Any incurred legal expenses
• Protection financially if a company you use while on the trip were to go bankrupt
If you purchase insurance in Hong Kong and find that you need to file a claim, most companies that provide this type of coverage are trying to make money. Therefore, even the most reputable insurance companies will require proof in the form of documents and receipts, they will ask numerous questions, and spend time investigating the claim. For this reason, getting the claim settled and being reimbursed any money can take quite some time. On the other hand, doing without insurance in Hong Kong while traveling could put you in a situation of needing to pay for everything out-of-pocket, which could be financially devastating. It is also important to know that while many things would be covered, each type of insurance policy for travel would also have exclusions. Therefore, before you choose to lock into one policy, it would be important to learn all the details so you can compare different possibilities. That way, you end up with great coverage and excellent customer support.
Germany Insurance Coverages
Germany Insurance Coverages
When looking to purchase Germany insurance, it is important to choose a qualified and reputable insurance agency or company. This country has seen an increasing need for insurance coverage, which is seen by the more than 430 companies that now offer Germany insurance policies of all types. Of course, to qualify for coverage, you would need to be a permanent residence of this country but with this you would be pleased with all the great policies available.
With so many different companies offering Germany insurance, sometimes trying to choose just one is challenging. Therefore, we wanted to provide you with names of the top five companies that have proven themselves time after time. These insurance companies include Allianz, Annex, ABM Generali, AXA Group, and Buffalo German Insurance Companies. Keep in mind that along with these recommended companies, many others are considered excellent for buying Germany insurance.
Now, along with these companies, we wanted to list a few others that are considered among the best when looking to purchase Germany insurance. For starters, Drauda Insurance is one of the largest private companies handling policies for travel, automobile accident, health, business, and building. LVM Versicherungen is another German-based company, which has been around for more than 20 years, focusing on the private sector specific to agricultural insurance. Then for casualty and property Germany insurance, the German Mutual Insurance company is an excellent consideration.
Just as with insurance policies in other countries, Germany insurance covers the gamut. Now, the type of policy you would get quotes on would depend on the type of coverage needed. The following are some of the areas of Germany insurance that companies sell. These include German life insurance, Germany insurance company, Germany healthcare insurance, Germany auto insurance, insurance health plan, and travel insurance in Germany.
Take automobile insurance as a prime example of coverage for this country. In Germany, if you drive a car you must have insurance. When purchasing automobile Germany insurance within the country, you need to have all of the paperwork for any prior coverage in a different country handy. With this, the insurance agent of company would have proof needed to show you had driven before but also that you were insurable previously.
You will discover that the type of Germany insurance coverage for an automobile and the amount of premium would be based on several factors. For instance, your past driving record would be reviewed. In addition, the make, model, and year of the vehicle you drive would be considered, as well as the mileage on that vehicle. Although not always, some insurers may want to know if the vehicle would be parked in a garage when determining the best Germany insurance coverage and the amount you would pay.
An important note when it comes to Germany insurance for car coverage is that if you have gone a full year without being involved in a car accident, you would likely get what is called a “good year” discount. The amount of this discount would vary but typically, it averages between 25% and 30%. One other thing to remember is that if you had insurance prior but cannot provide the new insurance agent or company with documentation, the premium could actually increase as high as 125% so this is very important.
France Insurance, Insurance in France
France Insurance, Insurance in France
Purchasing insurance in France is much like the process for any country. You would need to work with a reputable insurance company, have some idea as to the type of coverage needed, and have the ability to review several quotes to understand the details of the policy and premiums. From there, you would choose the policy that fits your needs and sign a contract with the insurer.
The great thing about France insurance is that the market is quite diverse. In fact, if you were looking for a wide selection of insurance companies in France, you would have no problem. When looking at the primary companies, you would discover they all have umbrella policies but in addition, you could choose just the type of coverage wanted if preferred.
Take automobile insurance for instance. For this type of France insurance you would be mandated to have coverage. This type of insurance requirement applies to owning or just renting a vehicle in France. As far as coverage, you would need a policy for civil liability at minimum but in addition, if school-aged children travel in the vehicle, then additional coverage called assurance scolaire is also required.
Another policy purchased through insurance companies in France is for health. Permanent residents have health coverage through the state system, which is also mandated for anyone that lives in France. In addition, if you had coverage through Social Security but it did not cover everything, you could also choose a private policy for France insurance, which would pick up the slack.
Another important piece of information for France insurance is that if you work for one of the larger corporations or institutions in this country. Sometimes the company will have an agreement with a specific insurer, which might lead to you paying lower premiums. If not, you would need to talk to a representative at one of the insurance companies in France that offers individual coverage. By taking time to shop around, you would have no problem coming up with competitive quotes for coverage and premiums/
Another requirement for France insurance is that you need to have home insurance. Just as with automobile insurance, home coverage would apply whether owning or renting. In fact, in both cases, you would not be able to move into the residence until the seller, lender, or property owner has a copy of the finalized policy. The type of coverage needed for France insurance covering the home includes fire and water, as well as risk for accidental damage.
In most cases, insurance companies in France would sell comprehensive coverage, which would also cover theft although this is sometimes an additional policy. To purchase this type of France insurance, certain information would be required by the insurer. For instance, the insurance company would need to know the total square meters of the home. Keep in mind that usually, the policy would be provided without an agent needing to walk through the property. In addition, while fire alarm systems are always recommended, to get home coverage in this country, they are not mandated.
Whether buying health, home, or automobile coverage through any of the insurance companies in France, it is essential that you read the fine print. Sometimes, special information will be listed pertaining to risks of weather so you need to know exactly what is covered, as well as the amount of protection the policy provides. Unfortunately, France has experienced some devastation pertaining to weather so understanding this information in the France insurance policy is critical.
Egypt Insurance, Insurance In Egypt
Egypt Insurance, Insurance In Egypt
Egypt insurance is a market that has actually seen tremendous growth and success in the past few years. In addition to seeing marked growth in the areas of rate of total assets, investments, premiums, and shareholder’s equity, the role of authority for the insurance industry has also evolved thanks to new controls and regulations being established by Egyptian law. Today, the number of insurance companies in Egypt has also grown to keep up with consumer demand.
When looking at Egypt insurance, you will find options from various companies for the public and private sector companies. Although all areas of insurance coverage have done well, one in particular has reached incredible success and that is life insurance. Regardless of the policy you might be interested in securing, all insurance companies in Egypt are closely monitored by the Egyptian Insurance Supervisory Authority.
As with all other countries, when it comes to Egypt insurance some companies offer exceptional services and support while others are lacking. For instance, if you were interested in purchasing Egypt insurance for life coverage, the top rated companies include Misr Insurance, Alico Insurance, CIL Insurance, National Insurance, Delta Insurance, Allianz Insurance, and NSGB Life Insurance.
On the other hand, if you needed information on insurance companies in Egypt specifically for non-life policies, the companies you would want quotes from include Mohandes Insurance, AMIG Insurance, AIG Insurance, Cooperative Insurance, Al Chark Insurance, and Allianz Insurance. Of course, prior to locking into any insurance policy from any of the companies that offer Egypt insurance, you want to request a quote from three or four so you can look at policy details and premiums, choosing the one policy that matches your specific needs.
Of course, one of the best resources for finding the best insurance companies in Egypt, as well as a wealth of other information on different Egypt insurance topics, you could visit the website for the Egyptian Insurance Supervisory Authority, also known as EISA. This organization is located in Cairo and serves a purpose of supervising and controlling the insurance industry throughout Egypt as a means of protecting consumers and keeping insurers current of legal requirements.
Working as a part of Egypt’s government, EISA follows behind the Ministry of Planning, which helps ensure any of the insurance companies in Egypt or an intermediary providing insurance business transactions on behalf of an insurance company must register with this organization. That way, all companies selling Egypt insurance are provided with the same rules and regulations, thereby eliminating confusion and mistakes. From there, this organization not only supervises and controls this industry but also audits activities for all the insurance companies in Egypt.
This means once an insurance company registered with EISA, officials are required to approve new products before they are offered to the public, they review current premiums and rates, follow up on and handle consumer complaints, revise annual reports and other publications, and even investigate policyholders. Without doubt, the hard work of EISA is one reason Egypt insurance companies are doing so well.
China Insurance, China Life Insurance Policies
China Insurance, China Life Insurance Policies
The China Life Insurance Company Limited is based in China, providing policies specific to life insurance coverage. This company has a solid reputation and provides a list of different insurance products. For instance, people can purchase individual life insurance, group life insurance, health insurance, and accident insurance. However, the China Life Insurance Company also sells short-term health and accident insurance coverage to both individuals, as well as groups.
Today, this company operates in three different sectors of the business world. For instance, the China Life Insurance Company has the sector for individual life insurance, accident and health insurance, and group life insurance. Just one year ago, the company was holding more than 100 million insurance policies for individuals and groups, as well as policies for long-term health and annuity contracts.
Interestingly, the China Life Insurance Company currently controls approximately 50% of the country’s life insurance market. With a great reputation, numerous policy options, and affordable rates, it is easy to see why. To keep the customers happy and continue to bring in new business, this particular life insurance company employees 640,000 agents. These agents work throughout China at the 15,000 locations.
In addition to the vast number of agents working for the China Life Insurance Company, the company also has a strong sales force for direct selling. This group of professionals is responsible for marking the various group policies. Keep in mind that while the China Life Insurance Company is a powerhouse, it does have competitors. For instance, Ping An Insurance, China Pacific Insurance, and PICC Property are also vying for customer’s business in insurance.
For instance, Ping An Insurance is the second largest life insurance company in China, which also sells different policy types. This company has insurance for marine cargo, accident, fire, marine, and home. Along with providing excellent insurance coverage, this China insurance company also provides services for stock trading, property leasing, asset management, equity investment funds and bonds, and more.
Another competitor of the China Life Insurance Company is the China Pacific Insurance Group. This company is both an insurance and investment holding company that has over 5,000 branches all over China to serve customers. In addition to the large number of locations in China, the China Pacific Insurance Group also works out of the United States, Hong Kong, and London.
Finally, PICC Property is another respected company in China selling insurance. The area of expertise for this China insurance company is property and casualty. The company has been in existence for more than 60 years and today, it boasts around 10,000 branches. Although auto insurance accounts for the majority of sales, this insurance company also provides coverage for homeowner’s, accident, commercial property, and liability insurance.
Any of these four insurance companies would be excellent to consider. Again, you could look at options with the largest company being the China Life Insurance Company or consider what the other companies have to offer. Of course, along with the four respected companies mentioned, many other insurance companies exist throughout China.
Brazil Insurance, Insurance In Brazil
Brazil Insurance, Insurance In Brazil
The insurance industry in Brazil has been growing for the last seven years at rates higher than that of the GNP. In fact, it has doubled since 1994. In 2003, according to industry sector professionals, insurance sales should increase 51%, led by growth in the life insurance segment. In addition to life insurance, car, health, and retirement insurance were respectively the fastest growing sectors.
The market potential is attracting foreign companies. In 1994, 95% of the sector was controlled by Brazilian groups, compared to 65% now held by Brazilian firms. U.S companies' share of the total insurance market is 21%.
The interest of foreign insurers has been driven not only by the stabilization of the economy, but also by the market's size and growth potential. Almost 50% of the South American continent's insurance activity is accounted for by Brazil while the average rate of growth of the local insurance industry since 1993 has been almost 100% in dollar terms.Insurers made pre-tax profits of R$1.5bn during the first half of 2000 (equivalent to $0.8bn at current exchange rates).
Though operational profits from insurance activities were negligible still investment profits were very healthy. This has been a very familiar pattern in Brazil. Prior to 1994, insurers relied on inflation to provide profits but today the focus is on high investment yields. However, with increasing competition, present few years has shown a greater emphasis on improving operating results with much pressure on improving risk selection as well as on cutting administrative and distribution costs.
High Inflation and Insurance Industry In Brazil
Brazil had a lower rate of insurance penetration relative to developed countries. Insurance represented just 1% of GDP in 1993. By the end of 2001 it represented 2.3% of GDP - still below average levels of 7% in developed countries.
Falling inflation has improved income distribution rapidly, and this has provided a large new customers base for insurers in the recent years. Traditionally, insurance has been aimed at the wealthiest 5% of the population but in the continuing years, insurers have focused on capturing the next 30% of the market, which is equivalent to some 8 million households.
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