Health for human | Tips on Choosing Insurance Company. For those of you who are now starting to plan for insuring yourself or your belongings. you must be careful in choosing your insurance company. Because there are so many insurance companies (Insurance Auto, home insurance, Insurance Auto, Insurance online, Insurance, Education, Health Insurance, etc.) claim they are the best. This can be seen if there is an insurance product offered to the public through advertisements, almost none the less. Similarly, they always show a fine performance. Somewhat rarely revealed management weaknesses insurance company they experienced.
Things to keep in mind that in choosing a private insurance company, then that should be considered in general are six factors:
1. Financial strength (security)
2. service
3. Cost / Price
4. reinsurance
5. age
6. Professional and honest
Financial strength
When talking about the company's finances, it is not complete if you do not talk about the financial strength of insurance related finances.The company's financial ability to fulfill its promise if the situation requires. It is important to note, because not a few insurance companies are looking at the flashy exterior. But when there claims from customers, the company can not afford to pay. In assessing the financial strength of these there are several benchmarks that need to be considered:
- Assets and liabilities. It can be seen from the balance sheet is published in the newspaper. See also, whether planted in the current investment or long-term. In terms of liability (ability to pay off liabilities) will look at the balance sheet, how the debts by reinsurers, how he fulfilled his obligation to pay claims, and so on. Indicators of net liabilities include equity (equity) divided by net premiums (net premiums) of at least 50%. Own capital divided by gross premium (gross premium) at least 20%. Solvency margin level, as seen from its own capital divided by net premiums of at least 10% and a minimum investment of technical reserves divided by 100%.
- Underwriting Policy. At the balance sheet and annual report will be seen that the insurance is still a profit, or profit growth. This means good policy underwriting.
- Its underwriters. Insurance has qualified or not. It is known from the profile of companies that includes the underwriters him.
service
Service is the extent to which mirror the quality of human resources in the company or not. In addition, insurance companies are selling services, so excellent service is the key. For example, the extent to which the speed of service in both the policy issue especially in the payment of compensation or claim. In addition, the issue of service can actually be felt by the customer. Is this really the insurance companies the best services for its customers?
Cost / Price
The issue price is how much the costs incurred by insurance companies in operation. If greater than the cost of income, then obviously the company is inefficient. If it is not efficient, it will end up losing money. And if the losses continue, certainly not healthy. In this regard, it could also see the price premiums. Compare the price of insurance premiums with other insurance. Where quality is really good?
If the amount of the insurance companies of RBC (Risk Base Capital) is high, it means the company is valued in good condition. But we should not remain solely with RBC numbers. Therefore, it could also large companies doing massive expansion such as opening many branches, then his RBC numbers would be small. Instead, there is a small insurance company but never to expand, the RBC number may be much larger. Thus, RBC numbers can not be the sole measure, whether the insurance company is healthy or not. In this case, also noteworthy is the performance of the company over the past two or three years. How much profit each year, how much gross premiums they receive each year, how much additional capital and assets every year. online website you can get a rate comparison car insurance, home insurance rates, term life insurance quotes, term life insurance premiums, auto insurance rates, etc.
reinsurance
Reinsurance is easy to interpret as its insurance companies insurance company. This means that insurance companies in operation, to reduce the risks that can happen to him, also insuring risk to other insurance companies. And the company is usually larger. So consider this, ask if your insurance company will take a reinsurance company. This is important when there is something you do not want the insurance company of your choice, there are other companies that have a good reinsurance company guarantees the protection of the rights or obligations of your premium payments. It is also important you have to know the management company so that if anything happens, you can still get information.
age
"The older adults had more '.
Although it seems too cliche, but it should be recognized that the insurance company is quite old age than other companies could mean that the insurance companies have enough capital that is high enough to age still exists. It also describes how to manage the fund management clients. With older age, may mean that the company is able to manage the funds optimally. Whether it is to get results for business development and risk management measure to ensure the rights of the customer. Because logically, how could she not last long if you can not manage your finances well.
Professional and honest
Six things that can be used as a reference is a professional and honest. How do we know the insurance companies are professional and honest or not? This is a parameter of how much a customer base that they have? and how they deal with complaints from customers.
The increasing number of customers will show how the level of service the company has done. This could mean how attention to customers, ease of claims and of course security funds entrusted. You can also check the best insurance ratings from the magazine / website poll.
Finally, just as the selection of goods or services, you all should have a solid foundation in making choices. Home is always to choose the insurance company that fits your needs.
Things to keep in mind that in choosing a private insurance company, then that should be considered in general are six factors:
1. Financial strength (security)
2. service
3. Cost / Price
4. reinsurance
5. age
6. Professional and honest
Financial strength
When talking about the company's finances, it is not complete if you do not talk about the financial strength of insurance related finances.The company's financial ability to fulfill its promise if the situation requires. It is important to note, because not a few insurance companies are looking at the flashy exterior. But when there claims from customers, the company can not afford to pay. In assessing the financial strength of these there are several benchmarks that need to be considered:
- Assets and liabilities. It can be seen from the balance sheet is published in the newspaper. See also, whether planted in the current investment or long-term. In terms of liability (ability to pay off liabilities) will look at the balance sheet, how the debts by reinsurers, how he fulfilled his obligation to pay claims, and so on. Indicators of net liabilities include equity (equity) divided by net premiums (net premiums) of at least 50%. Own capital divided by gross premium (gross premium) at least 20%. Solvency margin level, as seen from its own capital divided by net premiums of at least 10% and a minimum investment of technical reserves divided by 100%.
- Underwriting Policy. At the balance sheet and annual report will be seen that the insurance is still a profit, or profit growth. This means good policy underwriting.
- Its underwriters. Insurance has qualified or not. It is known from the profile of companies that includes the underwriters him.
service
Service is the extent to which mirror the quality of human resources in the company or not. In addition, insurance companies are selling services, so excellent service is the key. For example, the extent to which the speed of service in both the policy issue especially in the payment of compensation or claim. In addition, the issue of service can actually be felt by the customer. Is this really the insurance companies the best services for its customers?
Cost / Price
The issue price is how much the costs incurred by insurance companies in operation. If greater than the cost of income, then obviously the company is inefficient. If it is not efficient, it will end up losing money. And if the losses continue, certainly not healthy. In this regard, it could also see the price premiums. Compare the price of insurance premiums with other insurance. Where quality is really good?
If the amount of the insurance companies of RBC (Risk Base Capital) is high, it means the company is valued in good condition. But we should not remain solely with RBC numbers. Therefore, it could also large companies doing massive expansion such as opening many branches, then his RBC numbers would be small. Instead, there is a small insurance company but never to expand, the RBC number may be much larger. Thus, RBC numbers can not be the sole measure, whether the insurance company is healthy or not. In this case, also noteworthy is the performance of the company over the past two or three years. How much profit each year, how much gross premiums they receive each year, how much additional capital and assets every year. online website you can get a rate comparison car insurance, home insurance rates, term life insurance quotes, term life insurance premiums, auto insurance rates, etc.
reinsurance
Reinsurance is easy to interpret as its insurance companies insurance company. This means that insurance companies in operation, to reduce the risks that can happen to him, also insuring risk to other insurance companies. And the company is usually larger. So consider this, ask if your insurance company will take a reinsurance company. This is important when there is something you do not want the insurance company of your choice, there are other companies that have a good reinsurance company guarantees the protection of the rights or obligations of your premium payments. It is also important you have to know the management company so that if anything happens, you can still get information.
age
"The older adults had more '.
Although it seems too cliche, but it should be recognized that the insurance company is quite old age than other companies could mean that the insurance companies have enough capital that is high enough to age still exists. It also describes how to manage the fund management clients. With older age, may mean that the company is able to manage the funds optimally. Whether it is to get results for business development and risk management measure to ensure the rights of the customer. Because logically, how could she not last long if you can not manage your finances well.
Professional and honest
Six things that can be used as a reference is a professional and honest. How do we know the insurance companies are professional and honest or not? This is a parameter of how much a customer base that they have? and how they deal with complaints from customers.
The increasing number of customers will show how the level of service the company has done. This could mean how attention to customers, ease of claims and of course security funds entrusted. You can also check the best insurance ratings from the magazine / website poll.
Finally, just as the selection of goods or services, you all should have a solid foundation in making choices. Home is always to choose the insurance company that fits your needs.

























