Become benefactor of crisis moment

Economic crisis can occur at any time

If it happens during a crisis even if insurance continues to grow. National Industry capital market partake to be punched by global finance crisis which marked by sliding of share price index. Defrayal industry or multi finance also suffers from increase rate of interest and height yield the obligation makes request of downhill loan and the increasing of credit problem.

Banking industry is even also having same condition. Tighten it liquidity in this time make the money loan transaction inter bank drag so that channeling of natural credit contraction drastically.

How is insurance industry? Because finance institution related to capital market and banking, also have with liquidity problem and exchange rate, industrial of real insurance even also cannot evade. Look at case of biggest company insurance in US; AIG, which collapse and then injected the fund by US government. Investment value at unit product link (insurance correlated by investment) generally also fall though newly merely potency in horizon with long-range investment.

Differed from the exclusive other financial institution only getting the debacle if happen of crisis, industrial of insurance is exactly can get benediction of crisis, because insurance business is protection and risk business, industrial performance of insurance is exactly dynamic progressively, not only awareness of society to insurance mount, but also role of insurance in saving and push economics also become dominantly.

Now many people worry with uncertainty of economics condition, one of them is weak possibility of growth of usual economics have back part to reduction of employees in many companies. For people no have insurance to cover the education and health expense, of course future will indistinct. If pertinent which of work loss, of course difficulty of fund will all that remember no more earnings of routine. But, for people have insurance, can a few calmer since have already is protection of insurance. Less lack of, pertinent this can think calmer in looking for the new job. Corporation of project desist the effect stuck of defrayal of unnecessary worry to bank if have closed risk with insurance.



Not to mention if reckoning the impact deteriorate condition of economics to increase of social distortion be like the riot can result destroying properties, be like motor vehicle and building. In the middle of this care, one would rely on the insurance to protect their properties.

In the crisis situation, not definitive of insurance industry will make someone life become calmer, stabilize, and secure and prosperous. By have insurance, mean someone have done protection at the same time planning of his/her life far forwards, even retired later. By protect to education of child, health, and other, mean someone at least have finished obligation by tens year forwards at the moment. Not necessarily is abundant fear and care of future, start from social, economic, change shall climate, always become industrial of insurance momentum to grow and share bigger in economics and life of society.

During insurance managed well, in meaning analyze the risk and ability of capital become especial consideration in closing the risk, payment of claim equal to anything do will not bother insurance finance because in principle potency claim have been reserved.

On the other hand, exactly payment of claim will make important to society of moment insurance face adversity. This of course will improve widely awareness of company for have insurance so that earnings of premium even also will increase.
Besides, existence of crisis will affirm important role of insurance in developing economics. Payment of claim will help loss company of bankruptcy so that company still able to operate. So, economics remain to increase.