Insurance industry has been impacted by the dramatic events over the past few years. Insurance is a naturally cyclical industry that has been hit twice by a weakening market cycle and an economic crash unlike any other time in human history. This historic set of circumstances will have a lasting impact on the industry. There are still many […]
Author Archives: Admin
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May
May
Introduction It has been seven years since the beginning of India’s insurance liberalization journey. The 1999 passing of the Insurance Regulatory and Development Authority Act was the first significant milestone on this journey. Together with the amendments to the Insurance Act 1983 (LIC, GIC Acts), this opens the door for private players as well as the possibility […]
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May
May
There is a lot of competition to buy an independent agency in the insurance industry. This is especially true if the agent does not own an agency. Not a strategic acquirer. My firm regularly works with agents across the country to help them sell and acquire insurance agencies. We know firsthand what it takes for deals to happen. After […]
16
May
May
It is not easy to educate and communicate with employees about the benefits offered by their employer and broker(s) before the “Enrollment Period”. The Employer and Broker must collaborate to make the Benefit Plan Design, the Programs, and/or Services clear and understandable for the employees and their families. Effective “Group Meetings”, including preparation and follow-up, can have […]
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May
May
Why should we purchase insurance? Answers may vary depending on the needs of each individual. It could be used to provide financial protection. Some people use it as a way to save taxes. There are many insurance plans on the market that cater to different needs. Therefore, one should not buy insurance just because they need it but […]
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May
May
Mythology and misinformation are rampant in life insurance. This article will dispel some myths and give useful information to assist consumers in making rational decisions about the purchase of life insurance. An earlier article, “Why Buying Term Insurance and Investing The Difference Is A Big FAIL!” was published. In an earlier article (“Why Buying Term and Investing […]
16
May
May
Now you have a beautiful new home. And with it, a wonderful new mortgage. The average mortgage loan is around PS150,000. This means that you will need to make a long-term commitment and repay the money. Repayments take a significant portion of your monthly income. How can you protect yourself from financial disasters? You have a family to […]
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May
May
Risk Management Alternate risk transfer is another way to say alternative methods of insurance or risk management. There are many. There are many options available, from self-insuring to the more basic option of not having insurance at all to “program business captives”, and there are many other strategies. It is important to know a few facts […]
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May
May
Assured: Those who are covered under an insurance policy. Benefit– Money paid to policyholders when they file a claim. Bid price – This is the selling price or cash in value of your unit holdings. Bonus– This refers to a policy with-profits. The money that is added to the benefit under the policy. The insurance company’s profits will […]
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May
May
Pronto Insurance offers coverage in California, Florida, and Texas. However, the availability of policies varies from one state to another. There are many insurance products offered by the company, but automobile insurance or homeowners insurance remain its most popular. Pronto Insurance’s uniqueness is its focus on Latino communities. Spanish-speaking customers can call a separate number and access the website in Spanish. Pronto […]