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Wednesday, July 27, 2011


Choose a car insurance is not easy. Especially in the middle of the tough competition of today. Almost all insurance companies vehicle insurance products. Keep potential customers to choose one that is sustainable. Therefore, we present below some criteria so that no one chooses:

1. Potential customers do not dwell on the cheap premium rates. Because in today's competition, many insurance prices Slam companies, offers cheap premium rates. Although not necessarily a guarantee of service.

2. See the insurance package offered. For example, how many extended warranties. Therefore, extended warranties must be adjusted with the desire and ability to prospective clients.

3. See also the network of insurance companies involved. For example how many people have a branch or how many partners have a garage, so that there is a request not to wait long to repair the vehicle or vehicles missing.

4. We could ask the first installation ease, or what added value can be obtained when purchasing the policy in society. For example, if there is a tow truck, a replacement car or hotline services, mechanical services, ambulances, etc.. And last but not least is easy to make changes and the facility in question.

5. Consider also the bona fide insurance company. Do not be so there is a claim, the workshop has no partners. Therefore, many insurance companies say they are the best. While the financial situation was very severe.

Besides those mentioned above, there are several factors that should be considered in the selection process of an insurance company included in the product selection. The thing to remember when choosing a private insurance company, then it should be considered in general are three factors.

First, the financial strength (safety). Second, the service (service). And third, the cost or burden. The financial strength of insurance related to the financial capacity of the company to fulfill its promise, if the situation requires. It is important to know because no insurance companies are looking for some outside the foil. For example storey building, a vehicle that good administrators. But when there are customer complaints, the company can not pay.

In assessing the financial strength of these there are several benchmarks that need attention.

a.The assets and liabilities. This can be seen the balance sheet is published in the newspaper. See also, if the investment is planted in the current or long term. In terms of accountability (the ability to repay the liabilities) will look at the balance sheet, how the debts of the reinsurer, how it has fulfilled its obligation to pay claims, and so on.

The indicators include net equity liabilities (equity) divided by net premiums `` (net premiums) of 50%. The capital is divided into `` gross premiums (gross premiums) of at least 20%. Limit the level of solvency, which looks to its own capital divided by net premiums of 10% and reserve fund investment technique divided by a minimum of 100%.

b. Underwriting policy. On the balance sheet and annual report will be seen that insurance is still a profit, or earnings growth. This means underwiting policy was good.

C. Underwriters him. Insurance is a qualified or not. It is known by business profile that includes the subscribers him.

Services (services) is the extent to which the qualified human resources in the mirror of the company or not. In addition, insurance companies are selling a service, so excellent service is the key. For example, since the speed of service in both the policy issue especially in the payment of compensation or claim.

In addition, the service can actually be felt by the client. Is the insurance company was absolutely the best service for its customers.

In this regard, it should also consider whether the insurance company mereasuransikan-class reinsurance security. This can be seen from the annual report. It is important to note, because if the company is not supported by the reinsurance, the company is likely to be speculative in the receipt of premiums.

The question is how much the costs incurred by insurance companies in operation. So great that the cost of income, then obviously the company is ineffective. If not effective, it will end up losing money. And, if you lose money continuously, and certainly not healthy.

In this respect, could also see the price premiums. Compare Rates for insurance with another insurance company. When the quality is really good.
Today, the government has set a benchmark of health insurance (not only) through mekanime RBC (risk Caital Base). If the number of RBC was great, it means that the company is valued in good condition. But we must not only be obsessed with numbers of RBC. Therefore, it could also be a large company that makes the great expansion, like opening many branches, then his numbers would be low RBC.

Conversely, there is a small insurance company, but never to expand, the number of RBC was probably much greater.

Thus, the numbers of RBC can not be used as the only measure of whether the insurance company is healthy or not.

In this case, is the remarkable performance of the company within two or three years. How big profits every year, how many gross premiums they receive each year, how much additional capital and assets each year.

And last but not least is how the behavior of company management during this period. Is there a management company for this promise? Has this company defaults experienced management and many others.

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