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Showing posts from April, 2009

Accelerating Growth in the Crisis

Growth trends for premium in successful book by the company-life insurance companies at the same time with the number of people who get the maximum protection of the policy they have.

Opportunities will increase in the number of people who protect themselves with life insurance products, is to challenge the growth rate constancy gross domestic product (GDP). Along with the global financial crisis currently, developed countries in the entire world is experiencing a reduction in GDP.

This pressure from the impact of the economic crisis that stills linger. Behind this crisis appears stronger fact that the developing countries in Asia, will fall in countries that have the largest GDP growth for five years.

How about the growth of GDP in developed countries, including the U.S.? In contrast, this country's uncle Sam can only hope that the GDP growth below 3% for the same period.

Expectations of growth-related life insurance industry also increased in the hope that the number of jobs that ca…

Hold your insurance policy

The facts show that the insurance and reinsurance industry is a global industry that has a role and important function in the modern economic era.

The dynamics of the crisis hit economy in the world does not interfere with the mechanism and process of risk transfer between individual customers and corporate customers with insurance companies.

This fact shows that the strong insurance and reinsurance market still operate as normal. Business model and risk management system of insurance and reinsurance industry continues to grow. This allows the insurance industry to work and operate effectively in the midst of crisis. Conditions in so many uncertainties, and the mechanism of risk transfer becomes more important. The correlation between the importance of the role of the insurance industry in the world with the awareness you learn in any insurance to be essential.

Your actions in life insurance policies purchased as part of financial planning is a family company and the steps that are impor…

Factor in the selection of insurance

Underwriter of group life insurance companies will conduct research in parallel to the factors involved. Research conducted to determine the insurance program and the Insured that a request submitted by the closing of the collection of insurance.

Selection of Eight Risk Factors

In principle, there are eight important factors that will be examined by life insurance companies to evaluate the issue life insurance policies for one group, namely 1) the existence of the background of the group, 2) type and the types of groups, 3) stability, 4) the amount of the number of participants, 5) the type of business, 6) level of participation in the program, 7) age, and 8) gender.

First, the background presence of the group. Generally, life insurance companies under insurance policy was issued for the group if the group is formed solely or established with the aim to cover the needs of life insurance for members in it.

This corresponds to a drift that occurred (based on experience in some countries) t…