Homeowner's insurance is an important part of protecting your most valuable investment: Your home! Homeowner's insurance also protects your belongings--electronics, furniture and family heirlooms--from loss or damage.
And though home insurance is an important purchase, you can still find a comprehensive policy for a price that won't stretch your wallet. The Insurance Information Institute, an independent insurance resource for consumers, recommends doing the following:
Shopping around. There are a myriad of insurance companies and brokers out there, all of which sell similar home insurance policies for different prices. But don't waste time flipping through the Yellow Pages to contact four or five agents--shop online here--and receive multiple insurance quotes from local agents.
Taking advantage of discounts. You may be eligible for an array of discounts which can lower your home insurance premium. Be sure to ask prospective home insurance agents about discounts for:
Buying multiple policies through the same insurer (like home and auto) Living within 15 miles of a fire station Installing electronic burglar alarms Installing multiple smoke detectors Updating plumbing and heating equipment
Increasing your deductible. The higher your deductible--the amount you pay on a claim before the insurance company takes over--the lower your premium will drop. Just remember to select a deductible you can afford; you don't want to break the bank if you need to file a claim.
Making routine home repairs. Invest some time, money and elbow grease into making repairs to your roof, plumbing and heating systems and the like. It will reduce the chances of an in-home catastrophe, and your agent will reward you by lowering your premium.
Maintaining good credit. Many homeowners are surprised to learn about the correlation between insurance rates and their credit history. And while some states are questioning whether or not to throw credit rating out of the premium-determining bucket, right now, it's still a widespread practice. So pay those bills in full and on time!
You've got the tips--now start saving!
Now that you're armed with the proper insurance saving artillery, you're ready to start shopping. You can start here by entering your zip code into our quote box. You'll receive free home insurance quotes from local agents, allowing you to compare policy types and premium prices and pick the policy that best fits your needs.
Showing posts with label Insurance Company. Show all posts
Showing posts with label Insurance Company. Show all posts
The Consequences of Not Having Auto Insurance
When young adults graduate college they have aspirations of starting their first "real world" job, getting their own place and buying a brand new car - one that does not need a screwdriver to start. However, college students are also graduating with much more than just a college degree and a dream, they are graduating with a substantial amount of debt. In fact, many students graduate with an average of $3,262 in credit card debt - 10 percent of that group owing more than $7,000 in credit card charges. Students forget to factor in other life costs, such as health care, 401K deductions, income taxes, car payments, auto insurance, rent, utility bills, student loans, credit card bills and food expenses into their monthly budget. "After you graduate and land your first job, you do not think about having to pay for all of these expenses," stated a graduate from Ohio University. "Unfortunately, reality sets in pretty fast and you realize you do not have the money to make ends meet - it is a hard lesson to learn!" College DebtWhy is there so much credit card debt among college students? "Many credit card companies set up kiosks on college campuses offering free pizzas and t-shirts to try and entice students to sign up for a credit card," noted David Roush, CEO of Insurance.com.
The problem is many college students do not have the income or financial knowledge to manage a credit card - a problem that is leading students into a lifetime of financial despair." In addition to the outrageous credit card bills, students are also graduating with student loans ranging from $10,000 to $52,000 or more. Often students figure they will be able to pay everything off once they get a job and start making "real" money, but that simply is not the case. Not only are credit card and student loan bills financially crippling to many new graduates, it is also forcing grads to cut back on other necessary expenses, such as auto insurance - one bill you legally cannot drive without! "Driving without auto insurance is illegal in all 50 states, however, many young adults elect to go without auto insurance because they think they cannot afford to have it," stated Roush. "A scary thought when 15.3% of all automobile accidents are caused by drivers between the ages of 20 - 24." While deciding not to pay for auto insurance may seem like a good idea at the time, graduates are not considering the expense of getting caught without auto insurance or the cost of getting into an automobile accident. "Imagine if you had to pay the medical bills of someone who gets injured in car accident when you are at fault - suddenly paying for car insurance does not seem so bad," says Roush. The Penalty of Driving Without Auto InsuranceAccording to the Insurance Information Institute, the cost of driving without auto insurance can vary from state to state, depending on the percentage of drivers who are uninsured in that state. For instance, in Massachusetts residents can be charged anywhere from $500 to $5,000 in fines and receive a one-year jail sentence.
In Florida, Louisiana, Connecticut and New Jersey, drivers operating a vehicle without the state required minimum will have their vehicles impounded - which can cost you thousands depending on how long it takes you to get your car out. How to Budget For Auto Insurance-As you look for auto insurance, make sure to check if the insurer offers a 6-month or 12-month payment plan to help you manage your auto insurance payments better. In addition, many auto insurance providers offer a variety of discounts, including alumni discounts. So make sure to ask if your college or university is eligible for a discount, because every bit helps when you are first starting out on your own. To help make researching auto insurance rates easier, Insureme offers an auto insurance comparison application.Here, you will be able to evaluate multiple rates from best-in-class insurance providers - helping you find the best auto insurance coverage for your newly graduated budget.Click here for a free Insurance quote
The problem is many college students do not have the income or financial knowledge to manage a credit card - a problem that is leading students into a lifetime of financial despair." In addition to the outrageous credit card bills, students are also graduating with student loans ranging from $10,000 to $52,000 or more. Often students figure they will be able to pay everything off once they get a job and start making "real" money, but that simply is not the case. Not only are credit card and student loan bills financially crippling to many new graduates, it is also forcing grads to cut back on other necessary expenses, such as auto insurance - one bill you legally cannot drive without! "Driving without auto insurance is illegal in all 50 states, however, many young adults elect to go without auto insurance because they think they cannot afford to have it," stated Roush. "A scary thought when 15.3% of all automobile accidents are caused by drivers between the ages of 20 - 24." While deciding not to pay for auto insurance may seem like a good idea at the time, graduates are not considering the expense of getting caught without auto insurance or the cost of getting into an automobile accident. "Imagine if you had to pay the medical bills of someone who gets injured in car accident when you are at fault - suddenly paying for car insurance does not seem so bad," says Roush. The Penalty of Driving Without Auto InsuranceAccording to the Insurance Information Institute, the cost of driving without auto insurance can vary from state to state, depending on the percentage of drivers who are uninsured in that state. For instance, in Massachusetts residents can be charged anywhere from $500 to $5,000 in fines and receive a one-year jail sentence.
In Florida, Louisiana, Connecticut and New Jersey, drivers operating a vehicle without the state required minimum will have their vehicles impounded - which can cost you thousands depending on how long it takes you to get your car out. How to Budget For Auto Insurance-As you look for auto insurance, make sure to check if the insurer offers a 6-month or 12-month payment plan to help you manage your auto insurance payments better. In addition, many auto insurance providers offer a variety of discounts, including alumni discounts. So make sure to ask if your college or university is eligible for a discount, because every bit helps when you are first starting out on your own. To help make researching auto insurance rates easier, Insureme offers an auto insurance comparison application.Here, you will be able to evaluate multiple rates from best-in-class insurance providers - helping you find the best auto insurance coverage for your newly graduated budget.Click here for a free Insurance quote
Kwik Fit Insurance issues severe weather warning
Leading UK insurance intermediary Kwik Fit Insurance has issued a severe weather warning - for drivers to take extra care as Britain continues to shiver under heavy snow and freezing conditions.
A combination of heavy snowfall and freezing temperatures have severely hampered public transport across the country and increased the risks for drivers struggling to get to work.
Managing Director Brendan Devine said: "The amount of snowfall over the last few days has been extraordinary, the heaviest in 18 years. While Britain remains under this blanket of snow, it is important everyone takes steps to protect themselves and others on the road.
"Accidents are predicted to soar throughout this current cold snap, however simple adjustments to the way we drive can help alleviate the dangers. A few precautions and steps can make a real difference and ensure that everyone arrives safely at their destination."
Brendan set out his top tips for drivers about to head off in the car.
1. Before setting out, listen to local weather and travel advice on the radio or on TV.
2. Always allow extra time for your journey and tell someone of your destination and expected arrival time.
3. Braking sharply in freezing conditions can result in a skid, so reduce speed gradually. It's good practise to drop down a gear when braking, allowing your engine to slow the vehicle.
4. Give yourself time to check your vehicle before setting out. Check tyre pressure and tread, make sure wiper blades are working, top up your water with window wash suitable for low temperatures and ensure lights are clean and in good working order.
5. Be patient. You should expect your journey to take longer, so don't rush or try to hurry others along, or you run a greater risk of an accident.
As snow melts, the onset of expected ice forming on Britain's roads over the next few days will increase the dangers further.
Helen Chivers from The Met Office said: "The problems which we expect to see this week over and above continued snow fall is the forming of ice on our roads. Temperatures overnight are falling below freezing meaning that even if snow is melting, there is a particular danger at night and in the mornings of widespread ice. The snow isn't over yet though, with further flurries expected by the end of the week."
Ends
Notes to editors: Kwik Fit Insurance Services was launched in 1995 and has grown to become one of the UK's leading car insurance distributors, well as a major presence in home insurance as well as insurance markets.
The company's award-winning call centre at Uddingston, Lanarkshire, now employs almost 1000 people, handling 10 million calls every year.
Since its launch in 1995, Kwik Fit Insurance Services has grown and developed into one of Scotland's most dynamic contact centres.
Kwik Fit Insurance Services is part of the Kwik Fit Group which was sold to private equity firm CVC Europe in November 2002. In June 2005 it was purchased by private equity firm PAI Partners. The philosophy of the business is unchanged - to provide the best possible service to customers.
A combination of heavy snowfall and freezing temperatures have severely hampered public transport across the country and increased the risks for drivers struggling to get to work.
Managing Director Brendan Devine said: "The amount of snowfall over the last few days has been extraordinary, the heaviest in 18 years. While Britain remains under this blanket of snow, it is important everyone takes steps to protect themselves and others on the road.
"Accidents are predicted to soar throughout this current cold snap, however simple adjustments to the way we drive can help alleviate the dangers. A few precautions and steps can make a real difference and ensure that everyone arrives safely at their destination."
Brendan set out his top tips for drivers about to head off in the car.
1. Before setting out, listen to local weather and travel advice on the radio or on TV.
2. Always allow extra time for your journey and tell someone of your destination and expected arrival time.
3. Braking sharply in freezing conditions can result in a skid, so reduce speed gradually. It's good practise to drop down a gear when braking, allowing your engine to slow the vehicle.
4. Give yourself time to check your vehicle before setting out. Check tyre pressure and tread, make sure wiper blades are working, top up your water with window wash suitable for low temperatures and ensure lights are clean and in good working order.
5. Be patient. You should expect your journey to take longer, so don't rush or try to hurry others along, or you run a greater risk of an accident.
As snow melts, the onset of expected ice forming on Britain's roads over the next few days will increase the dangers further.
Helen Chivers from The Met Office said: "The problems which we expect to see this week over and above continued snow fall is the forming of ice on our roads. Temperatures overnight are falling below freezing meaning that even if snow is melting, there is a particular danger at night and in the mornings of widespread ice. The snow isn't over yet though, with further flurries expected by the end of the week."
Ends
Notes to editors: Kwik Fit Insurance Services was launched in 1995 and has grown to become one of the UK's leading car insurance distributors, well as a major presence in home insurance as well as insurance markets.
The company's award-winning call centre at Uddingston, Lanarkshire, now employs almost 1000 people, handling 10 million calls every year.
Since its launch in 1995, Kwik Fit Insurance Services has grown and developed into one of Scotland's most dynamic contact centres.
Kwik Fit Insurance Services is part of the Kwik Fit Group which was sold to private equity firm CVC Europe in November 2002. In June 2005 it was purchased by private equity firm PAI Partners. The philosophy of the business is unchanged - to provide the best possible service to customers.
What is Builders Liability Insurance and Why You Need it?
Tuesday, April 13, 2010
Builders and contractors working on construction sites follow safety norms and standards to avoid workplace accidents, injuries, and damages. Yet accidents may occur in spite of all precautions. Builders Liability Insurance provides coverage to builders and contractors as well as from third party claims resulting due to various types of risks in the form of accidents, thefts, damages, and injuries. Builders Liability Insurance covers a spectrum of construction related insurance packages like Public Liability Insurance, Employers Liability Insurance, Contractors All Risk Insurance etc.
Builders Liability Insurance Covers:
The builder liability insurance is beneficial for various trades across construction industry.
Public Liability Insurance
Public liability insurance provides protection from any third party claims made against the businesses. It covers claims when employees, sub-contractors, directors, owners are held accountable for any injury or damage caused to the third party or their properties. Public liability insurance also covers legal costs that have to be incurred for defending the claims. It also covers claims made for defective products. The amount of premium will vary based on different factors like type of business, previous claims, projected turnover, and number of employees. This type of Insurance is useful for tradesman, builders, and contractors.
Employers Liability Insurance
Employers liability insurance provides coverage to employers when any of the employee or workers suffers physical injury or death while on work and it is proved that the injury or death occurred due to employer's negligence. It covers the employers against all the claims made by injured employee or relatives of deceased employee for compensation. Employers liability insurance also covers the associated legal costs. This insurance is suitable for companies having employees or workers. The employers liability insurance is issued along with public liability insurance.
Contractors All Risks Insurance
Contractors all risks insurance covers loss or damage to contract works, own plant, hired-in plant, and employee's tools. The contract works section of this insurance is the main part which provides coverage for only the property on which the work is going on. This insurance will cover loss or damage to contract works or materials when any of the work going on is damaged. It will also cover loss or damage caused to the plant of owner including his machinery, tools, and equipments. Contractors all risk insurance also provides cover for theft, loss, or damage to machinery, equipments, tools which are hired in plants from outside like hire yards. Some insurers also extend this insurance to cover loss or damage to owner or employee's hand held or power tools. This insurance is useful for contractors, builders, and other trades in the construction industry.
Personal Insurance
Personal Insurance or Personal Accident Insurance is suitable for owners, Directors, sole Traders who in case get injured in an accident and can not work for a certain period of time. In such case they also can not sue their own company. It provides for a 24 hour cover which is not limited to work related accidents. This insurance provides an income during the entire course of period for which insured is unable to work. Personal accident insurance provides three distinct benefits in the form of monthly tax free income, hospital cash, and lump sum (capital benefits). A monthly tax free income means the insured gets a tax free benefit after one month and continues to receive it for entire recovery period. While, hospital cash means the insured gets some amount as expenses towards his stay in hospital. A lump sum means the insured gets certain amount depending on nature of injury. The personal accident insurance relieves the insured from financial worries when he has to rest and recover. This insurance is popular in construction industry.
Machinery Insurance
Machinery Insurance provides protection against any type of loss or damage to most of machineries and equipments used in the construction industry like cranes, earth moving equipments etc. This insurance is especially useful for construction industry where a lot of machinery is used and is exposed to rough field conditions on routine basis.
As there are chances of accidents, thefts, injuries, and damages during construction work, the Builders Liability Insurance provides a much needed protection from claims which can be detrimental to construction businesses. It is also useful to cover third party claims for damages caused to other's property.
Builders Liability Insurance Covers:
The builder liability insurance is beneficial for various trades across construction industry.
Public Liability Insurance
Public liability insurance provides protection from any third party claims made against the businesses. It covers claims when employees, sub-contractors, directors, owners are held accountable for any injury or damage caused to the third party or their properties. Public liability insurance also covers legal costs that have to be incurred for defending the claims. It also covers claims made for defective products. The amount of premium will vary based on different factors like type of business, previous claims, projected turnover, and number of employees. This type of Insurance is useful for tradesman, builders, and contractors.
Employers Liability Insurance
Employers liability insurance provides coverage to employers when any of the employee or workers suffers physical injury or death while on work and it is proved that the injury or death occurred due to employer's negligence. It covers the employers against all the claims made by injured employee or relatives of deceased employee for compensation. Employers liability insurance also covers the associated legal costs. This insurance is suitable for companies having employees or workers. The employers liability insurance is issued along with public liability insurance.
Contractors All Risks Insurance
Contractors all risks insurance covers loss or damage to contract works, own plant, hired-in plant, and employee's tools. The contract works section of this insurance is the main part which provides coverage for only the property on which the work is going on. This insurance will cover loss or damage to contract works or materials when any of the work going on is damaged. It will also cover loss or damage caused to the plant of owner including his machinery, tools, and equipments. Contractors all risk insurance also provides cover for theft, loss, or damage to machinery, equipments, tools which are hired in plants from outside like hire yards. Some insurers also extend this insurance to cover loss or damage to owner or employee's hand held or power tools. This insurance is useful for contractors, builders, and other trades in the construction industry.
Personal Insurance
Personal Insurance or Personal Accident Insurance is suitable for owners, Directors, sole Traders who in case get injured in an accident and can not work for a certain period of time. In such case they also can not sue their own company. It provides for a 24 hour cover which is not limited to work related accidents. This insurance provides an income during the entire course of period for which insured is unable to work. Personal accident insurance provides three distinct benefits in the form of monthly tax free income, hospital cash, and lump sum (capital benefits). A monthly tax free income means the insured gets a tax free benefit after one month and continues to receive it for entire recovery period. While, hospital cash means the insured gets some amount as expenses towards his stay in hospital. A lump sum means the insured gets certain amount depending on nature of injury. The personal accident insurance relieves the insured from financial worries when he has to rest and recover. This insurance is popular in construction industry.
Machinery Insurance
Machinery Insurance provides protection against any type of loss or damage to most of machineries and equipments used in the construction industry like cranes, earth moving equipments etc. This insurance is especially useful for construction industry where a lot of machinery is used and is exposed to rough field conditions on routine basis.
As there are chances of accidents, thefts, injuries, and damages during construction work, the Builders Liability Insurance provides a much needed protection from claims which can be detrimental to construction businesses. It is also useful to cover third party claims for damages caused to other's property.
Free Insurance Leads
Free insurance leads outline a steady supply of projections that you could utilize for revenue. Free leads are particulars of fitting insurance buyers drawn out from more than a few minutes of communication among a possible customer and an agent. Exclusive insurance leads, nevertheless, could no more than appear from leads providers where you can buy them from.
You could have an incessant supply of insurance leads by means of a referral structure. Furthermore, getting leads can be made through several ways depending on the place that you are after. There are more than a couple of basic methods in receiving leads: via postal mail, through advertising agencies, and over the internet.
When a few free insurance leads are the only data you could rely on, then it might not take you to a successful sales future. However, if you are ambitious with your career, you would look beyond instant gratification and pipe dreams. You would focus on the superior need for efficient selling systems, coaching, and progressive products.
A number of this business' top carriers is a perfect combination. For that reason, if you are wondering about the criterion they are utilizing in selecting insurance leads, always keep in mind that leads should perpetually fit the outline of companies or individuals that already have the type of insurance you are offering.
The choice to buy insurance leads could be a difficult one. Free insurance leads can be fine or awful, so there is no sure way on how to get true leads. The most excellent way of producing free leads is in the course of establishing a successful referral system.
When you target a small area, postal mail may create the best outcome because people in such areas direct a quieter existence, and most can take an occasion to indulge in publicity mail. In 1970, if you enter the insurance trade, the natural organization was to obtain your insurance permit and go work for an agency. In trade for commissions, the agency would provide you a selling system, some motivation, and free insurance leads. These days, things are made differently. You get qualified and you instantly become a general agent earning total street-level commissions. Subsequently, you become a partner by means of an insurance advertising organization for insurance representation, selling tools, as well free leads.
You could have an incessant supply of insurance leads by means of a referral structure. Furthermore, getting leads can be made through several ways depending on the place that you are after. There are more than a couple of basic methods in receiving leads: via postal mail, through advertising agencies, and over the internet.
When a few free insurance leads are the only data you could rely on, then it might not take you to a successful sales future. However, if you are ambitious with your career, you would look beyond instant gratification and pipe dreams. You would focus on the superior need for efficient selling systems, coaching, and progressive products.
A number of this business' top carriers is a perfect combination. For that reason, if you are wondering about the criterion they are utilizing in selecting insurance leads, always keep in mind that leads should perpetually fit the outline of companies or individuals that already have the type of insurance you are offering.
The choice to buy insurance leads could be a difficult one. Free insurance leads can be fine or awful, so there is no sure way on how to get true leads. The most excellent way of producing free leads is in the course of establishing a successful referral system.
When you target a small area, postal mail may create the best outcome because people in such areas direct a quieter existence, and most can take an occasion to indulge in publicity mail. In 1970, if you enter the insurance trade, the natural organization was to obtain your insurance permit and go work for an agency. In trade for commissions, the agency would provide you a selling system, some motivation, and free insurance leads. These days, things are made differently. You get qualified and you instantly become a general agent earning total street-level commissions. Subsequently, you become a partner by means of an insurance advertising organization for insurance representation, selling tools, as well free leads.
Five state Insurance Launches Online Service
Friday, April 9, 2010
Five state Insurance PT Taspen, PT Jamsostek, PT Askes, PT Jasa Raharja, and launched the Indonesia Insurance Asabri Shared Service Platform (Insure Net) platform along with services and transactions online.
Net InSure program launch was conducted in the Office of the Ministry of State Owned Enterprises, Jakarta, Thursday (15/10).
In addition to State Enterprises Minister Sofyan Djalil witnessed, was also present five state-owned insurance is the Managing Director and CEO of Telkom Rinaldi Firmansyah.
"This is a synergy of these two fields of information technology after SOE's banking IT synergies," said Sofyan.
Net InSure that Telkom's as liaison with insurance institutions and other health actors entities such as the pharmaceutical industry, healthcare providers, regulators, including with other financial institutions.
According to Telkom's Managing Director, Net InSure this technology solution can cut costs up to 30% of insurance companies, and business growth mempercapt health care / insurance.
For the first phase, a total of 123 million data of participants from five insurance companies red plates are now incorporated in the Insure Net.
Net InSure is currently developed in stages, where in the first phase will commence with the development of joint membership data.
Participant data insurance in the Association of State-Owned Insurance (Asgara) had been successfully combined, the data is expected to be used more than 700 medical institutions such as hospitals, polyclinics, and health centers for the verification process participant data.
Net InSure program launch was conducted in the Office of the Ministry of State Owned Enterprises, Jakarta, Thursday (15/10).
In addition to State Enterprises Minister Sofyan Djalil witnessed, was also present five state-owned insurance is the Managing Director and CEO of Telkom Rinaldi Firmansyah.
"This is a synergy of these two fields of information technology after SOE's banking IT synergies," said Sofyan.
Net InSure that Telkom's as liaison with insurance institutions and other health actors entities such as the pharmaceutical industry, healthcare providers, regulators, including with other financial institutions.
According to Telkom's Managing Director, Net InSure this technology solution can cut costs up to 30% of insurance companies, and business growth mempercapt health care / insurance.
For the first phase, a total of 123 million data of participants from five insurance companies red plates are now incorporated in the Insure Net.
Net InSure is currently developed in stages, where in the first phase will commence with the development of joint membership data.
Participant data insurance in the Association of State-Owned Insurance (Asgara) had been successfully combined, the data is expected to be used more than 700 medical institutions such as hospitals, polyclinics, and health centers for the verification process participant data.
PT Asuransi Tokio Marine Indonesia
PT Asuransi Tokio Marine Indonesia
Insurance Tokio Marine Indonesia is an international scale insurance companies who are committed to providing products and services with best quality to its customers and to provide comprehensive security and protection.
With the support of experienced personnel and experts in the field, we have a strong position as one of Indonesia's largest general insurance.
PT Asuransi Tokio Marine Indonesia has extensive experience in general insurance such as Fire, Engineering, Motor Vehicles, Transportation, Accident, and various other insurance.
We are a joint venture between Tokio Marine Asia Pte. Ltd.. and PT Asuransi Jasa Indonesia, which has been operating since 1975. We currently have 7 branches including branches of Sharia, and 2 representative offices with a total staff of 238 people.
Tokio Marine Asia Pte. Ltd..
Tokio Marine Asia Pte. Ltd.. (Called "Tokio Marine Asia" - formerly Millea Asia Pte. Ltd.), Which is owned by Tokio Marine Holdings, was established on December 1, 2002. Tokio Marine Asia works to develop and expand its insurance business in Asia.
Tokio Marine Asia also serves as a central office in Asia to provide technical support and management system for group companies located in Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, India, Taiwan and Hong Kong.
Tokio Marine Asia is a sister company of Tokio Marine & Nichido Fire Insurance Co.., Ltd.., Japan (called "TMNF"). TMNF, which was founded in 1879, is the oldest insurance company and the largest in Japan and has more than 15,000 employees worldwide.
Tokio Marine Holdings listed in stock exchanges of Tokyo and Osaka stock exchanges, and is now the largest general insurance group in Japan, and also one of the largest in the world.
PT Asuransi Jasa Indonesia
PT Asuransi Jasa Indonesia (called "Insurance Jasindo") is the State Owned Enterprises (SOEs), the largest in general insurance. Jasindo Insurance was incorporated on June 2, 1973 as a result of a merger between PT Asuransi Bendasraya with PT General International Underwriters.
Insurance existence Jasindo stronger from year to year as reflected in the performance of the Company which continued to increase and support the leading reinsurer in the world so Jasindo Insurance strengthen its position as an insurance company a sustainable and internationally.
Insurance Tokio Marine Indonesia is an international scale insurance companies who are committed to providing products and services with best quality to its customers and to provide comprehensive security and protection.
With the support of experienced personnel and experts in the field, we have a strong position as one of Indonesia's largest general insurance.
PT Asuransi Tokio Marine Indonesia has extensive experience in general insurance such as Fire, Engineering, Motor Vehicles, Transportation, Accident, and various other insurance.
We are a joint venture between Tokio Marine Asia Pte. Ltd.. and PT Asuransi Jasa Indonesia, which has been operating since 1975. We currently have 7 branches including branches of Sharia, and 2 representative offices with a total staff of 238 people.
Tokio Marine Asia Pte. Ltd..
Tokio Marine Asia Pte. Ltd.. (Called "Tokio Marine Asia" - formerly Millea Asia Pte. Ltd.), Which is owned by Tokio Marine Holdings, was established on December 1, 2002. Tokio Marine Asia works to develop and expand its insurance business in Asia.
Tokio Marine Asia also serves as a central office in Asia to provide technical support and management system for group companies located in Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, India, Taiwan and Hong Kong.
Tokio Marine Asia is a sister company of Tokio Marine & Nichido Fire Insurance Co.., Ltd.., Japan (called "TMNF"). TMNF, which was founded in 1879, is the oldest insurance company and the largest in Japan and has more than 15,000 employees worldwide.
Tokio Marine Holdings listed in stock exchanges of Tokyo and Osaka stock exchanges, and is now the largest general insurance group in Japan, and also one of the largest in the world.
PT Asuransi Jasa Indonesia
PT Asuransi Jasa Indonesia (called "Insurance Jasindo") is the State Owned Enterprises (SOEs), the largest in general insurance. Jasindo Insurance was incorporated on June 2, 1973 as a result of a merger between PT Asuransi Bendasraya with PT General International Underwriters.
Insurance existence Jasindo stronger from year to year as reflected in the performance of the Company which continued to increase and support the leading reinsurer in the world so Jasindo Insurance strengthen its position as an insurance company a sustainable and internationally.
Fifth World Insurance Sign Indonesian Large
Aviva plc, the world's fifth largest insurance companies entered the Indonesian insurance market. It marked the signing of a joint venture agreement with PT Asuransi Wahana Tata.
Aviva acquires 60 percent stake in PT Asuransi Winterthur Life Indonesia (WLI), which has assets (gross) worth 15 million pounds or approximately USD 275 billion as of December 31, 2008. WLI managing pension fund assets of £ 42 million or Rp 760 billion. Furthermore, WLI will change its name to Aviva Insurance Company of Indonesia.
Cooperation with insurance spacecraft controlled by the Tata family Wanandi will help customers in Indonesia get a variety of insurance products from Aviva and expertise in conducting risk insurance services (underwriting) insurance.
WLI is one of three companies health insurance providers in Indonesia, holds 6 percent market share of pension funds managed by financial institutions in Indonesia. WLI offers a variety of insurance products, health and pensions products.
Simon Machell, chief executive of Aviva's Asia Pacific said "We are pleased to see the potential of the Indonesian insurance market and business growth prospects of this cooperation. This is our strategy to build a competitive existence in key Asian markets, while ensuring could benefit from long-term potential. "
Rudy Wanandi, Chairman of PT Asuransi Winterthur Life Indonesia, is also pleased to be admitted Aviva business partners who have similar priorities in terms of strategic long-term business growth of profitable, business approach and strict discipline, and strong commitment to the community.
Aviva is now serving 53 million customers in Europe, America and Asia Pacific. Aviva Asia Pacific is now operating in China, Hong Kong, India, Malaysia, Singapore, South Korea, Sri Lanka and Taiwan.
This cooperation agreement will be effective after approval from the Indonesian Government.
Aviva acquires 60 percent stake in PT Asuransi Winterthur Life Indonesia (WLI), which has assets (gross) worth 15 million pounds or approximately USD 275 billion as of December 31, 2008. WLI managing pension fund assets of £ 42 million or Rp 760 billion. Furthermore, WLI will change its name to Aviva Insurance Company of Indonesia.
Cooperation with insurance spacecraft controlled by the Tata family Wanandi will help customers in Indonesia get a variety of insurance products from Aviva and expertise in conducting risk insurance services (underwriting) insurance.
WLI is one of three companies health insurance providers in Indonesia, holds 6 percent market share of pension funds managed by financial institutions in Indonesia. WLI offers a variety of insurance products, health and pensions products.
Simon Machell, chief executive of Aviva's Asia Pacific said "We are pleased to see the potential of the Indonesian insurance market and business growth prospects of this cooperation. This is our strategy to build a competitive existence in key Asian markets, while ensuring could benefit from long-term potential. "
Rudy Wanandi, Chairman of PT Asuransi Winterthur Life Indonesia, is also pleased to be admitted Aviva business partners who have similar priorities in terms of strategic long-term business growth of profitable, business approach and strict discipline, and strong commitment to the community.
Aviva is now serving 53 million customers in Europe, America and Asia Pacific. Aviva Asia Pacific is now operating in China, Hong Kong, India, Malaysia, Singapore, South Korea, Sri Lanka and Taiwan.
This cooperation agreement will be effective after approval from the Indonesian Government.
Will Maybank's 60% Share Acquisitions Anugrah Life Insurance
The financial services company based in Malaysia, Mazybank will acquire 60% stake in PT Anugrah Life Insurance, a subsidiary of PT Panin Life, Tbk. Memorandum of Understanding (MoU), said President Director of PT Panin Life Tbk, Dawn Gunawan in Jakarta on Friday (30 / 1), has been signed by both parties in Jakarta, today (30 / 3).
Dawn said, Panin has in addition a subsidiary of PT Anugrah Insurance, also has a subsidiary of Panin Bank, one of the 10 largest banks. The MoU signing was held in Jakarta, added Vice President Director Panin Life Tridjoko Santoso, conducted by the President and CEO of Maybank, Amirsham A Aziz, and President Director Fadjar Gunawan.
Tri Djoko added, with the existence of a strategic partnership that Grace can now pocket the paid up capital of Rp40 billion, where 60% held by Maybank and the rest is owned by Panin and Grace. After some sahamhya owned by foreign investors, he said, the company will concentrate on marketing the products through banks / bancassurance and market Islamic products. "Maybank already has experience in Islamic products to market in several countries," said Tri Djoko.
Dawn said, Panin has in addition a subsidiary of PT Anugrah Insurance, also has a subsidiary of Panin Bank, one of the 10 largest banks. The MoU signing was held in Jakarta, added Vice President Director Panin Life Tridjoko Santoso, conducted by the President and CEO of Maybank, Amirsham A Aziz, and President Director Fadjar Gunawan.
Tri Djoko added, with the existence of a strategic partnership that Grace can now pocket the paid up capital of Rp40 billion, where 60% held by Maybank and the rest is owned by Panin and Grace. After some sahamhya owned by foreign investors, he said, the company will concentrate on marketing the products through banks / bancassurance and market Islamic products. "Maybank already has experience in Islamic products to market in several countries," said Tri Djoko.
Panin Insurance ahold of 56.74% Shares Panin Life
Ownership stake in PT Panin Insurance Tbk with PT Panin Life Tbk as much as 13,597,401,376 shares or 56.74% of the total issued and fully paid shares of the company. Total ownership of these shares after the company melaksanaan preemptive rights (ER) in the context of limited public offering (LPO) VI Panin Life of 7,446,762,688 shares.
Pascapelaksanaan Rights, Panin Life shares outstanding increased to 23,965,013,352 shares from 11,982,506,676 shares previously.
"ER was carried out at a price of Rp 125 per share," said Director Panin Insurance Syamsul Hidayat in his explanation to the Jakarta Stock Exchange (JSE), Tuesday (05/09).
Earlier on July 13 to August 25, 2006, Panin Life execute their rights in the framework of the LPO VI 11.982.506.676 sheet. As of August 8 and then or before the implementation of the ER ended, Panin Panin Life Insurance became the controlling ownership to 6.39 billion shares (52.81%), followed by Peter Cundill & Associates (Bermuda) Ltd (7.85%), and MS + CD AC Client Int Ltd (7.32%).
The rest is controlled by the other shareholders, including public ownership under 5%. The number of shares listed Panin Life when it reached 12.10 billion shares.
Pascapelaksanaan Rights, Panin Life shares outstanding increased to 23,965,013,352 shares from 11,982,506,676 shares previously.
"ER was carried out at a price of Rp 125 per share," said Director Panin Insurance Syamsul Hidayat in his explanation to the Jakarta Stock Exchange (JSE), Tuesday (05/09).
Earlier on July 13 to August 25, 2006, Panin Life execute their rights in the framework of the LPO VI 11.982.506.676 sheet. As of August 8 and then or before the implementation of the ER ended, Panin Panin Life Insurance became the controlling ownership to 6.39 billion shares (52.81%), followed by Peter Cundill & Associates (Bermuda) Ltd (7.85%), and MS + CD AC Client Int Ltd (7.32%).
The rest is controlled by the other shareholders, including public ownership under 5%. The number of shares listed Panin Life when it reached 12.10 billion shares.
Being American Health System in Order Bottom
Thursday, April 1, 2010
According to the research that was launched on Tuesday, the United States health care system in the lowest position when compared with other developed countries in terms of quality, access and efficiency.
Research conducted by the Commonwealth Fund found that the United States, as a nation that has the most expensive health system in the world, shows the relative performance under other countries.
Other facts also show that the American population does not have universal health insurance coverage.
"It turned out that America is the only country that does not provide universal access to health care and medical services in the promotion of` home 'for patients, "said Karen Davis, president Commonwealth Fund.
"Our failure to provide health insurance to all people and develop a stable relationship and long-term patient-doctor inter, proving the bad performance of our health services in terms of quality, access, efficiency, fairness, and results of health services," he said.
Research in the form of interviews with the doctors-patients in Australia, UK, Canada, Germany, New Zealand, and America is digging the picture of health systems based on experience and their personal views.
Apparently, the results showed that the youngest American ranked in almost all respects, including access to health care, patient safety, service without any time-limits, efficiency and fairness.
American population is also at the backward position in terms of whether they get a regular doctor.
"Americans spend about two times more than the average health sector expenditures other developed countries, but obviously we do not get the service that is equivalent to the money," Davis said.
He also noted that approximately 45 million Americans, or 15% of the total population, have no health insurance, which then adds misery to the country's healthcare sector.
Americans are also far behind in terms of adoption of health information technology, which translates into cost writhed and inadequate services.
"We prided ourselves as a developed nation in various fields of technology but not in the field of health information technology," Davis said, "While other countries already one step ahead of us."
England in the study get top ranking, then there is the German in second place. The next sequence is New Zealand, Australia, Canada, and finally the United States.
Other research tries to examine why health care costs in the U.S. so expensive, higher than eight other countries joined in the Organization of Economic Cooperation and Development: Australia, UK, Canada, France, Germany, Japan, Netherlands, and New Zealand.
The results showed that although the population of Americans pay more for health insurance sector - public or private - still, they have the potential years of life lost due to circulatory and respiratory diseases and diabetes.
"This study breaks many myths about the health system in the United States," said Davis.
"We spend three times more money than the average of other countries for the cost of hospital care, and we also pay two times more expensive than average outpatient in another country."
Health services is one of the most important issue in the presidential elections in 2008, which disemarakkan by some candidates who promised to cut costs and expand health insurance ownership.
Research conducted by the Commonwealth Fund found that the United States, as a nation that has the most expensive health system in the world, shows the relative performance under other countries.
Other facts also show that the American population does not have universal health insurance coverage.
"It turned out that America is the only country that does not provide universal access to health care and medical services in the promotion of` home 'for patients, "said Karen Davis, president Commonwealth Fund.
"Our failure to provide health insurance to all people and develop a stable relationship and long-term patient-doctor inter, proving the bad performance of our health services in terms of quality, access, efficiency, fairness, and results of health services," he said.
Research in the form of interviews with the doctors-patients in Australia, UK, Canada, Germany, New Zealand, and America is digging the picture of health systems based on experience and their personal views.
Apparently, the results showed that the youngest American ranked in almost all respects, including access to health care, patient safety, service without any time-limits, efficiency and fairness.
American population is also at the backward position in terms of whether they get a regular doctor.
"Americans spend about two times more than the average health sector expenditures other developed countries, but obviously we do not get the service that is equivalent to the money," Davis said.
He also noted that approximately 45 million Americans, or 15% of the total population, have no health insurance, which then adds misery to the country's healthcare sector.
Americans are also far behind in terms of adoption of health information technology, which translates into cost writhed and inadequate services.
"We prided ourselves as a developed nation in various fields of technology but not in the field of health information technology," Davis said, "While other countries already one step ahead of us."
England in the study get top ranking, then there is the German in second place. The next sequence is New Zealand, Australia, Canada, and finally the United States.
Other research tries to examine why health care costs in the U.S. so expensive, higher than eight other countries joined in the Organization of Economic Cooperation and Development: Australia, UK, Canada, France, Germany, Japan, Netherlands, and New Zealand.
The results showed that although the population of Americans pay more for health insurance sector - public or private - still, they have the potential years of life lost due to circulatory and respiratory diseases and diabetes.
"This study breaks many myths about the health system in the United States," said Davis.
"We spend three times more money than the average of other countries for the cost of hospital care, and we also pay two times more expensive than average outpatient in another country."
Health services is one of the most important issue in the presidential elections in 2008, which disemarakkan by some candidates who promised to cut costs and expand health insurance ownership.
AXA Asia Pacific Acquisition of MLC Hong Kong-Indonesia
Giant insurance company AXA Asia Pacific Holdings Ltd. (AXA APH), Monday, said it had acquired MLC Hong Kong and MLC Indonesia from National Australia Bank Ltd. worth AU $ 575 million dollars (U.S. $ 426 million).
AXA APH Chief Executive Les Owen said the acquisition was in line with company strategy to accelerate growth in the Asian region, using a strong capital base.
"Margin of life insurance in Hong Kong is very attractive and with high savings ratios have the potential for growth there, life insurance, investment products and wealth management," he said.
In Indonesia, Owen said the acquisition of MLC will spur growth in the number of agents and insurance advisors around 1000 to more than 2.2000 which would place the position of AXA APH as the second largest life insurance companies.
Purchase transactions, the insurance company will be financed from internal capital, the acquisition will be earnings neutral in 2006 and is expected to record positive earnings in 2007, he said.
AXA APH Chief Executive Les Owen said the acquisition was in line with company strategy to accelerate growth in the Asian region, using a strong capital base.
"Margin of life insurance in Hong Kong is very attractive and with high savings ratios have the potential for growth there, life insurance, investment products and wealth management," he said.
In Indonesia, Owen said the acquisition of MLC will spur growth in the number of agents and insurance advisors around 1000 to more than 2.2000 which would place the position of AXA APH as the second largest life insurance companies.
Purchase transactions, the insurance company will be financed from internal capital, the acquisition will be earnings neutral in 2006 and is expected to record positive earnings in 2007, he said.
Alex Noerdin Insure delivering newspapers in Kilkenny 1000
A total of 1000 deliveryman or retailers and newsagents in the city of Palembang, guaranteed life insurance so that in carrying out everyday activities can feel more calm and protected.
Insurance policy for residents who work as newspaper deliveryman and agents in carrying out duties given to delivering newspapers to the customers feel more calm and get protection, said H. Alex Noerdin in Palembang, Monday.
According to him, insurance policies have been handed over to the bus drivers, taxi drivers, a motorcycle, pedicab drivers, and was last submitted to the 1000 deliveryman or retailers and newsagents in Palembang on 10 August 2008.
According to Alex, the provision of life insurance is a concern for the deliveryman and the newsagent's every day without rest, either directly or go to the customer peddle from house to house so that important information can be immediately up and acknowledged by the wider community.
"They (the messenger and agent - ed), deserves our attention because the newspaper delivered to subscribers every day is a tough task especially at high risk accident on the highway, so it needs to be assisted and protected through the provision of life insurance policy," said former Regent Musi Banyuasin it.
According to him, specifically the deliveryman and targeted newsagent warranty given as many as 2,000 people have life insurance, plus more before the pedicab drivers, bus drivers, taxi drivers within the last year alone the number has reached 27 thousand people.
"Concerning a program providing free life insurance are, in the year 2008 it has been programmed as much as 100 thousand people to the bus drivers, taxi drivers, motorcycle taxi drivers, including delivering newspapers and agencies in South Sumatra," he added.
While the leadership of Islamic Life Insurance Branch, Hj. Sumiyati, separately said that each participant is given an insurance policy valued at USD 50 thousand, or a total assistance of Alex H. Noerdin reached USD 50 million with a mortgage when the accident died from Rp 10 million and injured at least secured USD 2.5 million per people.
Insurance policy for residents who work as newspaper deliveryman and agents in carrying out duties given to delivering newspapers to the customers feel more calm and get protection, said H. Alex Noerdin in Palembang, Monday.
According to him, insurance policies have been handed over to the bus drivers, taxi drivers, a motorcycle, pedicab drivers, and was last submitted to the 1000 deliveryman or retailers and newsagents in Palembang on 10 August 2008.
According to Alex, the provision of life insurance is a concern for the deliveryman and the newsagent's every day without rest, either directly or go to the customer peddle from house to house so that important information can be immediately up and acknowledged by the wider community.
"They (the messenger and agent - ed), deserves our attention because the newspaper delivered to subscribers every day is a tough task especially at high risk accident on the highway, so it needs to be assisted and protected through the provision of life insurance policy," said former Regent Musi Banyuasin it.
According to him, specifically the deliveryman and targeted newsagent warranty given as many as 2,000 people have life insurance, plus more before the pedicab drivers, bus drivers, taxi drivers within the last year alone the number has reached 27 thousand people.
"Concerning a program providing free life insurance are, in the year 2008 it has been programmed as much as 100 thousand people to the bus drivers, taxi drivers, motorcycle taxi drivers, including delivering newspapers and agencies in South Sumatra," he added.
While the leadership of Islamic Life Insurance Branch, Hj. Sumiyati, separately said that each participant is given an insurance policy valued at USD 50 thousand, or a total assistance of Alex H. Noerdin reached USD 50 million with a mortgage when the accident died from Rp 10 million and injured at least secured USD 2.5 million per people.
Bumiputera Foreign Insurance Deal
Life Insurance Bumiputera (AJB) in 1912 will never be afraid to face competition from foreign companies, especially joint ventures, although there are several joint ventures is starting to equate the acquisition of total premiums.
It was announced by Managing Director of Life Insurance Bumiputera Madjdi Ali said after a meeting with agents achievement of Bumiputera in Nusa Dua, Bali, Sunday (12 / 6).
It said any competitor's behavior, we still have a powerful weapon that will never be deterred, that can mengalang togetherness among agents, management and customers.
"Togetherness is a powerful weapon for Bumiputera so it is still able to survive more than 90 years."
Among the competitors Bumiputera company that has begun to equalize the amount of the premiums, among others, AIG Lippo and Manulife.
Although now there are the same, Bumiputera still be a "market leader", said Madjdi Ali, who was greeted loud applause from the agents.
According to her, from 56 life insurance companies operating in Indonesia, Bumiputera able to achieve 20% market share, with the acquisition premium of more than Rp3, 10 trillion.
"We can only expects premium growth of up to 20%, but because we will improve financial performance and a more robust portfolio, the premium growth target for 2005 is 10% only, although its realization far above the target.
"The task ahead is, ready to pay for our promises to our customers who have run out of contracts and policies to improve efficiency and improve the financial quality better over time. The promise that we have already proved, that every year Bumiputera unable to pay insurance claims around Rp2 trillion, or Rp169 billion per month. If in one month, only 20 working days, Bumiputera already made commitments to pay claims Rp8 mylar Rp1 billion per day or per hour., "he said.
Pursuing growth in premiums is much easier than ever to meet the obligations it promised, said Ali with facial expressions Madjidi fiery.
On that occasion, he also praised the outstanding agent who has successfully won several competitions agents conducted by the Association of Indonesian Life Insurance (AAJI).
Competition agent who attended more than 1000 agents in Nusa Dua, Bali, the Bumiputera category won three out of six categories diperlombakan.
Category that peling prestigious, namely Top Agent Award of the Years for the year 2004 achieved by Andjari Yunus (54) of 1912 Insurance.
"Siapaun commissioners and directors will feel proud of the personal witness of the company's agents can reach the star's achievement. Especially that took place during four consecutive years to retain the crown champion Top Agent Of The Years," he said.
It was announced by Managing Director of Life Insurance Bumiputera Madjdi Ali said after a meeting with agents achievement of Bumiputera in Nusa Dua, Bali, Sunday (12 / 6).
It said any competitor's behavior, we still have a powerful weapon that will never be deterred, that can mengalang togetherness among agents, management and customers.
"Togetherness is a powerful weapon for Bumiputera so it is still able to survive more than 90 years."
Among the competitors Bumiputera company that has begun to equalize the amount of the premiums, among others, AIG Lippo and Manulife.
Although now there are the same, Bumiputera still be a "market leader", said Madjdi Ali, who was greeted loud applause from the agents.
According to her, from 56 life insurance companies operating in Indonesia, Bumiputera able to achieve 20% market share, with the acquisition premium of more than Rp3, 10 trillion.
"We can only expects premium growth of up to 20%, but because we will improve financial performance and a more robust portfolio, the premium growth target for 2005 is 10% only, although its realization far above the target.
"The task ahead is, ready to pay for our promises to our customers who have run out of contracts and policies to improve efficiency and improve the financial quality better over time. The promise that we have already proved, that every year Bumiputera unable to pay insurance claims around Rp2 trillion, or Rp169 billion per month. If in one month, only 20 working days, Bumiputera already made commitments to pay claims Rp8 mylar Rp1 billion per day or per hour., "he said.
Pursuing growth in premiums is much easier than ever to meet the obligations it promised, said Ali with facial expressions Madjidi fiery.
On that occasion, he also praised the outstanding agent who has successfully won several competitions agents conducted by the Association of Indonesian Life Insurance (AAJI).
Competition agent who attended more than 1000 agents in Nusa Dua, Bali, the Bumiputera category won three out of six categories diperlombakan.
Category that peling prestigious, namely Top Agent Award of the Years for the year 2004 achieved by Andjari Yunus (54) of 1912 Insurance.
"Siapaun commissioners and directors will feel proud of the personal witness of the company's agents can reach the star's achievement. Especially that took place during four consecutive years to retain the crown champion Top Agent Of The Years," he said.
Insurance Allianz Life Indonesia Offers For Weak Economy
Wednesday, March 31, 2010
Micro-insurance market (microinsurance) in Indonesia is quite large which until now still has not entered both local and foreign insurance, because the 238 million population is only about 5 million who have insurance.
"The insurance market in the country, made the Indonesian Life Insurance launches new product micro-insurance (microinsurance) for the economically weak," said Managing Director of Allianz Life Indonesia, Jens Reisch, told reporters in Jakarta, Thursday (24/08).
According to him, the launch of the first insurance product mikor it aims to bridge the gap between demand and supply of microinsurance in Indonesia.
We are optimistic that our customers can reach the market until as many as 50,000 people cope, to see the remaining time was only four months, let alone insurance has not been much coming into this segment "he said.
The launch was previously produki based on market studies GTZ-UNDP-Allianz that market demand for low-very high class, but insurance means lower economic groups is lacking.
Moreover, of the total population of Indonesia is included in group insurance programs only reached around 20 million people, he said.
He said that micro-insurance products offered in the trial at this year called "Family Umbrella" and offers Rp6.000 life insurance premiums per year.
"Umbrella asuansi soul family offers loans with a few additional benefits that customers who take out loans when meninggak, then the remaining loan balance will be covered by insurance and the family he left nothing to worry about the remaining payments continue," he said.
Products will be managed by partners such as rural banks, Credit Unions and non-governmental institutions. Loans disbursed by these institutions ranged from 500 thousand to Rp 10 million, he said.
Jen Reisch further said, there are three tujuna of this project, exploring new segments to enlarge its customer base, to support government programs to the general public gain easy access to insurance protection and social responsibility and business opportunities in the future.
Allianz is currently processing the policy set of customer credit issued totaling 18,500 Credit Unions, because Allianz is optimistic customers will be able to reach at 50,000 people this year, comprising 30,000 of life insurance and health insurance, 20,000.
This product was previously offered by Allianz in India that has had as many as 80,000 customers, he explained.
Asked about their customers, according to him, Allianz has a customer as much as 15 million people who can be achieved every year between 100,000 to 300,000 people per year.
"We are optimistic that the number of customers will be increased along with the launch of mircoinsurance a very promising market," he said.
"The insurance market in the country, made the Indonesian Life Insurance launches new product micro-insurance (microinsurance) for the economically weak," said Managing Director of Allianz Life Indonesia, Jens Reisch, told reporters in Jakarta, Thursday (24/08).
According to him, the launch of the first insurance product mikor it aims to bridge the gap between demand and supply of microinsurance in Indonesia.
We are optimistic that our customers can reach the market until as many as 50,000 people cope, to see the remaining time was only four months, let alone insurance has not been much coming into this segment "he said.
The launch was previously produki based on market studies GTZ-UNDP-Allianz that market demand for low-very high class, but insurance means lower economic groups is lacking.
Moreover, of the total population of Indonesia is included in group insurance programs only reached around 20 million people, he said.
He said that micro-insurance products offered in the trial at this year called "Family Umbrella" and offers Rp6.000 life insurance premiums per year.
"Umbrella asuansi soul family offers loans with a few additional benefits that customers who take out loans when meninggak, then the remaining loan balance will be covered by insurance and the family he left nothing to worry about the remaining payments continue," he said.
Products will be managed by partners such as rural banks, Credit Unions and non-governmental institutions. Loans disbursed by these institutions ranged from 500 thousand to Rp 10 million, he said.
Jen Reisch further said, there are three tujuna of this project, exploring new segments to enlarge its customer base, to support government programs to the general public gain easy access to insurance protection and social responsibility and business opportunities in the future.
Allianz is currently processing the policy set of customer credit issued totaling 18,500 Credit Unions, because Allianz is optimistic customers will be able to reach at 50,000 people this year, comprising 30,000 of life insurance and health insurance, 20,000.
This product was previously offered by Allianz in India that has had as many as 80,000 customers, he explained.
Asked about their customers, according to him, Allianz has a customer as much as 15 million people who can be achieved every year between 100,000 to 300,000 people per year.
"We are optimistic that the number of customers will be increased along with the launch of mircoinsurance a very promising market," he said.
Agents will still be the mainstay insurance Product Sales
Current life insurance industry has opened a lot of marketing distribution channels, including through the "bancassurance", despite that, the agent remains a mainstay in third party funds.
"The agency remains the mainstay for raising premiums. Look at the year 2003, from 76,093 agents from 50 insurance companies (17 local joint ventures and 33) managed to capture the premium Rp13, 765 billion," said Chairman of the Indonesian Life Insurance Association (AAJI) Evelina F Pietrusckha, in Jakarta, Friday (13 / 5).
For that, said Evelina, the quality of the agents as the spearhead of marketing insurance products should continue to be improved, including equipping them with the licensing agency.
"It is important to give a good image for the agency." In addition to improving quality, he said, the agents also need to get an appreciation for their hard work with such award bestowed on him.
"Giving this award to encourage the agents to collect deposits more at once to show the public that the agent could earn billions every year. If a potential agent, could have a larger income from the directors of the company where he works," said Evelina.
On that basis, AAJI back will hold a Top Agent Award for the 19th which will berlangsungkan 9-10 May 2005 in Bali as a venue for prestigious national awards in the life insurance industry.
Chairman of the Executive Committee, Walia said Jimmy TAA, TAA this time is The New Horizon of Selling. "Thema was removed because the current way of selling insurance through changes. To be able to sell a product, an insurance agent must have a license agency."
This, he says, represents a new paradigm in national life insurance industry. With the license, the insurance agent is expected to be more professional in selling or providing service to customers so that a proper selection of these themes.
Chairman AAJI Pietrusckha Evelina F fully supports the holding of TAA 2005 because this event can be used as a means of communication and improve the standardization of quality agents as well as a means of appreciation of the success of the national insurance agency.
"As the spearhead of companies, insurance agents also contribute to assist the government in social welfare of the community through family financial planning," said Evelina.
According to Jimmy, this time to prepare TAA 7 categories include Agent of the Year, Best Quality Producer, Best Productive Senior Producer, Top Income, Top Premium and Top Policy. "Special Group Insurance Premium Downloadable put up one category," said Jimmy.
In addition to giving gifts, TAA is also used as a platform to motivate the agents of life insurance through self-development seminar that presents a motivator James Gwee.
"The agency remains the mainstay for raising premiums. Look at the year 2003, from 76,093 agents from 50 insurance companies (17 local joint ventures and 33) managed to capture the premium Rp13, 765 billion," said Chairman of the Indonesian Life Insurance Association (AAJI) Evelina F Pietrusckha, in Jakarta, Friday (13 / 5).
For that, said Evelina, the quality of the agents as the spearhead of marketing insurance products should continue to be improved, including equipping them with the licensing agency.
"It is important to give a good image for the agency." In addition to improving quality, he said, the agents also need to get an appreciation for their hard work with such award bestowed on him.
"Giving this award to encourage the agents to collect deposits more at once to show the public that the agent could earn billions every year. If a potential agent, could have a larger income from the directors of the company where he works," said Evelina.
On that basis, AAJI back will hold a Top Agent Award for the 19th which will berlangsungkan 9-10 May 2005 in Bali as a venue for prestigious national awards in the life insurance industry.
Chairman of the Executive Committee, Walia said Jimmy TAA, TAA this time is The New Horizon of Selling. "Thema was removed because the current way of selling insurance through changes. To be able to sell a product, an insurance agent must have a license agency."
This, he says, represents a new paradigm in national life insurance industry. With the license, the insurance agent is expected to be more professional in selling or providing service to customers so that a proper selection of these themes.
Chairman AAJI Pietrusckha Evelina F fully supports the holding of TAA 2005 because this event can be used as a means of communication and improve the standardization of quality agents as well as a means of appreciation of the success of the national insurance agency.
"As the spearhead of companies, insurance agents also contribute to assist the government in social welfare of the community through family financial planning," said Evelina.
According to Jimmy, this time to prepare TAA 7 categories include Agent of the Year, Best Quality Producer, Best Productive Senior Producer, Top Income, Top Premium and Top Policy. "Special Group Insurance Premium Downloadable put up one category," said Jimmy.
In addition to giving gifts, TAA is also used as a platform to motivate the agents of life insurance through self-development seminar that presents a motivator James Gwee.
Will Insurance Companies Estimate Infobank falling
Infobank Research Bureau estimates that the plan the Department of Finance (MOF) to create architecture Insurance Indonesia will cause `autumn 'for insurance companies, which would be the reduction in strong companies that have capital and the demise of insurance capital is less.
"Costs of capital are becoming increasingly important because it relates to the business of insurance companies that are absorbing the risk. The role of capital will be clearer when the Indonesian Insurance Architecture becomes a reality," said Director of Research Bureau InfoBank, Eko B. Supriyanto, in the event announcement "Insurance 134 Rating InfoBank version 2005", in Jakarta, Monday (20 / 6).
Previously, insurance companies also fell after the Treasury Department as an insurance regulator stressed the importance of capital for insurance companies or so-called "risk-based capital" (RBC) or capital adequacy ratio.
Regulations are strictly enforced beginning in December 2004 has caused as many as 14 insurance companies permit has been revoked by the Ministry of Finance.
Described According to the Bureau of Research, until the end of 2004 insurance companies are not able to meet the 120% RBC is twofold. But that does not remove the balance sheet or financial statements of the publication there are nine life insurance companies and six general insurance companies.
"While that is still sanctioned restrictions on business activities or PKU there are four insurance companies," said Eko B. Supriyanto.
Apart from this, according to Eko, the insurance industry growth seen in Indonesia, where growth in gross premiums reached 33.08% of life insurance and general insurance premiums experienced perumbuhan 12.95% compared with the previous year.
"This means the insurance business continues to grow is actually still in the midst of starting the process of consolidation," said Eko.
Eko is also considered that the insurance companies getting better at choosing a strategy for its investment portfolio, where the portfolio is no longer dominated by deposits.
"The portion of these deposits is now 25.45%, followed by investments in stocks and bonds, 24.66% and marketable securities amounting to 20.46%. Meanwhile, mutual funds and direct investments respectively 10.14% and 10.74%," Eko said.
Described from a study of Bureau of Research, Insurance Rating Methodological approaches to financial statements 10 criteria: RBC, liquidity ratio, the ratio of technical reserves with current assets, the ratio of premiums to the premium reserve retention, changes in gross premium income, premium retention ratio itself with its own capital, investment ratio of technical reserves plus debt claims, the ratio of net claims expenses to net premiums, the ratio of revenue expenses with revenue, and the ratio of average income with their own capital.
"Costs of capital are becoming increasingly important because it relates to the business of insurance companies that are absorbing the risk. The role of capital will be clearer when the Indonesian Insurance Architecture becomes a reality," said Director of Research Bureau InfoBank, Eko B. Supriyanto, in the event announcement "Insurance 134 Rating InfoBank version 2005", in Jakarta, Monday (20 / 6).
Previously, insurance companies also fell after the Treasury Department as an insurance regulator stressed the importance of capital for insurance companies or so-called "risk-based capital" (RBC) or capital adequacy ratio.
Regulations are strictly enforced beginning in December 2004 has caused as many as 14 insurance companies permit has been revoked by the Ministry of Finance.
Described According to the Bureau of Research, until the end of 2004 insurance companies are not able to meet the 120% RBC is twofold. But that does not remove the balance sheet or financial statements of the publication there are nine life insurance companies and six general insurance companies.
"While that is still sanctioned restrictions on business activities or PKU there are four insurance companies," said Eko B. Supriyanto.
Apart from this, according to Eko, the insurance industry growth seen in Indonesia, where growth in gross premiums reached 33.08% of life insurance and general insurance premiums experienced perumbuhan 12.95% compared with the previous year.
"This means the insurance business continues to grow is actually still in the midst of starting the process of consolidation," said Eko.
Eko is also considered that the insurance companies getting better at choosing a strategy for its investment portfolio, where the portfolio is no longer dominated by deposits.
"The portion of these deposits is now 25.45%, followed by investments in stocks and bonds, 24.66% and marketable securities amounting to 20.46%. Meanwhile, mutual funds and direct investments respectively 10.14% and 10.74%," Eko said.
Described from a study of Bureau of Research, Insurance Rating Methodological approaches to financial statements 10 criteria: RBC, liquidity ratio, the ratio of technical reserves with current assets, the ratio of premiums to the premium reserve retention, changes in gross premium income, premium retention ratio itself with its own capital, investment ratio of technical reserves plus debt claims, the ratio of net claims expenses to net premiums, the ratio of revenue expenses with revenue, and the ratio of average income with their own capital.
Tips Choosing the Right Life Insurance
Friday, March 19, 2010
Tips and accurate Choosing Life Insurance - Life insurance becomes a critical requirement related to financial planning. In recent years, unit-linked products, including life insurance category grew and gave a lot of offers. Should carefully before investing who have had this protection.
Choose products that provide space for customers to adapt to the needs and abilities. There is desirable products, because only by setting aside 10 thousand dollars per day, you can pay a premium for the protection and long-term investment. But not just cheap, you need to also examine the extent of adjustments that you can do.
For example, changing the investment benefits, in this case raises, reduce, or even eliminate the benefits of protection, according to the amount of premium. Is then the premium will also increase or follow the previous premium, if the customer then make adjustments as needed such benefits because of work.
Syafriadi Hutagalung, manager of an insurance agent life insurance said, should be representative of insurance products and adapt to the needs of customers. "Customers should be involved in managing finances. Old model, the financial institutions to act unilaterally in the ownership of the product is no longer relevant to see the present conditions, "explained the man who is often addressed to the Compass Adhie Female.
To ensure the product is safe, thorough financial institutions are also the product issuer. This can be seen from the professionalism of insurance agents. Ask whether the agent has a certification from the Indonesian Life Insurance Association (AAJI) for example. Could also recognize the company's performance by measuring against the insurance industry recognition. Award of a number of economic media company's performance, even the recognition of the world need to be taken into account.
Meanwhile, financial planners, Aidil Akbar Madjid said should select a pure life insurance. That means there are no payments from insurance companies for customers is still alive for the protection of certain diseases, which can be claimed by the publisher of unit-linked products. "Life insurance is a pure means of payment if the customer dies," said Akbar.
Akbar admitted many facilities provided by the investors if they have a link unit. But the benefits can be obtained relatively small. Admittedly, the products in this advanced category can be very good for investment protection. But not necessarily compatible with each person.
Akbar advised people with incomes 2-3 million per month should choose other investment products. Investment products such as gold or precious metal deposits more appropriate. However, this option remains be returned to your needs, short, medium, long, and the risks.
We recommend that you select insurance products in more detail before discussing the advantages and disadvantages. Professional insurance agent should provide a space for discussion and not just "sell" products.
Source: kompas.com
Choose products that provide space for customers to adapt to the needs and abilities. There is desirable products, because only by setting aside 10 thousand dollars per day, you can pay a premium for the protection and long-term investment. But not just cheap, you need to also examine the extent of adjustments that you can do.
For example, changing the investment benefits, in this case raises, reduce, or even eliminate the benefits of protection, according to the amount of premium. Is then the premium will also increase or follow the previous premium, if the customer then make adjustments as needed such benefits because of work.
Syafriadi Hutagalung, manager of an insurance agent life insurance said, should be representative of insurance products and adapt to the needs of customers. "Customers should be involved in managing finances. Old model, the financial institutions to act unilaterally in the ownership of the product is no longer relevant to see the present conditions, "explained the man who is often addressed to the Compass Adhie Female.
To ensure the product is safe, thorough financial institutions are also the product issuer. This can be seen from the professionalism of insurance agents. Ask whether the agent has a certification from the Indonesian Life Insurance Association (AAJI) for example. Could also recognize the company's performance by measuring against the insurance industry recognition. Award of a number of economic media company's performance, even the recognition of the world need to be taken into account.
Meanwhile, financial planners, Aidil Akbar Madjid said should select a pure life insurance. That means there are no payments from insurance companies for customers is still alive for the protection of certain diseases, which can be claimed by the publisher of unit-linked products. "Life insurance is a pure means of payment if the customer dies," said Akbar.
Akbar admitted many facilities provided by the investors if they have a link unit. But the benefits can be obtained relatively small. Admittedly, the products in this advanced category can be very good for investment protection. But not necessarily compatible with each person.
Akbar advised people with incomes 2-3 million per month should choose other investment products. Investment products such as gold or precious metal deposits more appropriate. However, this option remains be returned to your needs, short, medium, long, and the risks.
We recommend that you select insurance products in more detail before discussing the advantages and disadvantages. Professional insurance agent should provide a space for discussion and not just "sell" products.
Source: kompas.com
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