Insurance Analysis
Highly qualified and experienced insurance industry consultants
-
Return of Premium Life Insurance: a great opp...
A term life insurance is the most common type. It is a good variant for people who require temporary covering, especially because it is much cheaper than whole life insurance. But it is not perfect, and many holders of long-term policies are not satisfied that, if they survive the duration, they have nothing to show [...]
-
What advantages of business insurance will yo...
To obtain the lowest rates and best coverage you need to buy your business insurance from a local independent insurance agent rather than dealing directly with an insurance company on the Internet. It is not true that dealing directly with an insurance company is the best method to get the lowest rate. Read more…
-
Travel insurance – the important part of ho...
Travel is one of the most exciting activities you can engage in the sights and sounds of a voucher with you to last a lifetime. Whether it’s the first big trip you have planned or if you’re a big traveler, not much beats the excitement of planning a great vacation. Finding just the right time [...]
-
Heath insurance for you and for your family...
Many people complain about their health insurance costs, having a dramatic growth in percents over a short period of time. Some clients have seen their rates increased by 30% over the last two years and that certainly rings a bell, when much of your income is spent on health insurance. In these times when every [...]
-
Economize a huge amount of money with...
For the young couples and families, term life insurance is an excellent option, offering a way of keeping prices reasonable and future of your family protected. The good news is that there are ways you can save even more on this type of plan. There are many young people who do not see why they [...]
Cost of health insurnace claims to rise in 2011
A newly released study by Aon Consulting probably won’t come as much of a shock to many people; the cost of getting health insurance through your employer could go up by as much as 10 percent next year.
The annual study found that insurers think they may pay 10.7 percent more in preferred provider organization (PPO) plan claims, which was the most common type of health insurance plan in the survey. Costs for health maintenance organization (HMO) plans and other types of medical insurance could also rise by as much as 12.4 percent.
It’s not certain, of course, that your premiums will increase along with claims paid.
Home insurers in danger of “race to the bottom” on premiums
The UK home insurance industry is in good shape but faces a number of challenges and a period of transition, research by Defaqto has indicated.
In a new report, the financial services analyst suggests that uncertain economic conditions and changes within the sector have combined to create a difficult climate for insurers.
Significantly, the number of providers in the home insurance market has increased by 73% since 2004, with the rise driven by comparison websites and major retail brands.
As a result, providers are moving away from “one size fits all” products to a more targeted approach.
However, there are also signs that the industry has started to move towards a focus on price, and away from the cover and benefits offered by policies.
Defaqto’s report concludes that insurers will be competing in a difficult environment over the coming years, and that getting the approach and balance right will be a challenge.
The firm’s insight analyst for General Insurance, Mike Powell, says: “We believe there are long-term implications for insurers, who may need to consider how they restrict premiums while simultaneously lowering the cost of acquiring and retaining new customers.”
He adds: “In addition, there are increasing signs that a race to the bottom with regards to premiums could emerge – and this could be detrimental to consumers and the industry as a whole.”
How much life insurance do you really need?
Table of contentsChapter 1: Life insurance
- Chapter 1: Life insurance
- How much life insurance do you really need?
- See all stories »
Chapter 2: Auto insurance
- Chapter 2: Auto insurance
- Finding the best deal on auto insurance
- See all stories »
Chapter 3: Home insurance
- Chapter 3: Home insurance
- Understanding your home insurance policy
- See all stories »
Chapter 4: Health insurance
- Chapter 4: Health insurance
- Choose a health plan
- See all stories »
Life insurance is something you buy and hope you’ll never use. But if you have anyone in your life who depends on your income, you might want to give it some thought. The
AIA CEO says AIG shareholding overhang no issue
HONG KONG (Reuters) – American International Group Inc’s (AIG.N) remaining shareholding in AIA Group Ltd after its listing is not of concern to investors, AIA CEO Mark Tucker said on Sunday, as the mega offer enters its home stretch.
AIA, which aims to raise up to $20.5 billion through an Hong Kong initial public offering (IPO), said it plans to sell up to 8.08 billion shares in an indicative range of HK$18.38-19.68 each, setting it on course to be the third-biggest IPO ever.
Tucker, who has about 17 years experience of running life insurance business in Asia, was named AIA CEO in a surprise move in July replacing Mark Wilson. T Read more…
Commercial Vs Van Insurance Policy
Those who have light delivery vehicles know that there are many blurred lines when it comes to van insurance. If you use the vehicle for both commercial and personal benefit, it is hard to determine whether it should be insured for personal or business use. The premiums on different types of policies do vary. It is important to decide which type is best for you.
Business vehicles should be registered in the name of the business and would be required to be covered under business cover. The vehicle will then have to be registered in the name of the business. A sole trader is allowed to have the car registered in his own business. The key determining factor is what the car is be used for.
NSM Insurance Group Appoints Business Development Manager
Austin, Texas, October 13 /PRNewswire/ — NSM Insurance Group, one of the largest Program Administrators in the U.S., announced today the hiring of Jimmy Squires. Over the past 20 years Jimmy has worked with carriers and MGA’s in both senior marketing and underwriting roles primarily in Southern states. “I am pleased to announce that Jimmy is officially part of the team as our Business Development Manager in the following states: Southern TX, AL, AR, LA, MO, MS, and TN,” said Geof McKernan, CEO, NSM Insurance Group. ”Jimmy brings to NSM Insurance Group years of experience in developing and marketing specialty program business, underwriting, and sales experience,” Geof continued. Ji Read more…
Heath Lambert and RAC launch household products
Insurance affinity schemes specialist Heath Lambert and RAC have signed a 5 year agreement to launch a household suite of products in 2011.
Heath Lambert was selected by RAC due to its excellent track record in affinity partnerships, as well as its strong presence in the households market.
Heath Lambert’s panel and home product expertise was utilised to help create the product suite, and the firm will also handle all documentation, insurer management and pricing requirements.
RAC’s Mark Godfrey has expressed the firm’s confidence that it will be able to replicate its success in the motor sector in the home insurance market.
Heath Lambert’s Paul Smith has described the agreement as a fantastic opportunity for both RAC and Heath Lambert to establish themselves as a major force in the home insurance market.
Earlier this month Heath Lambert was chosen by Express Newspapers to provide the group with all its general insurances and risk management needs.
What is the difference between the life insurance death benefit and the face amount?
Question: What is the difference between the death benefit and face amount in a life insurance policy?
Answer:
The death benefit is the amount paid to life insurance beneficiaries, whereas the face amount is the death benefit stated on the life insurance policy.
With a term life insurance policy the death benefit and the face amount is nearly always the same. The amounts could be different if there are additional benefits payable under an accidental death and dismemberment rider or other special provisions.
With a permanent life insurance policy, such as whole life insurance, the death benefit could be less than the face amount if loans or withdrawls were taken against the cash value (the investment portion of permanent life insurance policies) and not repaid.