Choosing a good insurance company is not easy. Especially in the midst of intense competition among insurance companies today.Many insurance companies claim they are the best. It can be seen that there is an insurance product offered to the public through advertisements, almost none the less. Similarly, the performance of which they do, always accentuate the fine. Somewhat rarely express insurance company management weaknesses that they experienced.
However, there are several factors that should be considered in the process of selecting an insurance company, especially for life insurance and losses.Things to keep in mind that in choosing a private insurance company, then that should be considered in general are three factors: First, the financial strength (security). Second, the service (service). And third, the cost.
The financial strength of insurance related to the company's financial ability to fulfill its promise if the situation requires. It is important to know, because not a few insurance companies are looking at the flashy exterior. For example storey building, vehicle good directors. 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.car insurance
Assets and liabilities. It can be seen from the consolidated balance sheet is published in the newspaper. See also, whether planted in the current investment or longterm. 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 forth.
Indicators of net liabilities include equity (equity) divided by net premiums (net premiums) of at least 50%. Own capital divided by gross premiums (gross premiums) of at least 20%. Limit level of solvency, as seen from its own capital divided by net premiums of at least 10% and investment funds technical reserves divided by at least 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 underwiting polcy was good.
Its underwriters. Insurance has personnel qualified or not. It is known from the profile of companies that includes the underwriters him.
Services (service) is a reflection of the extent of human resources at the company's qualified or not. Moreover, 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 insurance company really provide the best services for its customers.
In this connection it should also be questioned, whether the insurance company's reinsurance mereasuransikan first class safety. It can be seen from the annual report. It is important to note, because if the company is not in - backed up by reinsurance, the company is likely to be speculative in receiving premiums.
The issue is how much the costs incurred by insurance companies in operation. If it is 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 you continually lose, certainly not healthy.
In this connection could also see the price premiums. Compare the price of insurance premiums with other insurance. Which is really good quality.
Today the government has set a benchmark of health insurance (not the only one) is through mekanime RBC (risk capital base). If his RBC numbers, it means the company is valued in good condition. But we should not be fixated solely with RBC numbers. Therefore, it could also be a large company that was 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 was probably much greater.
Thus, RBC numbers can not be used as the only measure, whether the insurance company is healthy or not.
In this case, also noteworthy is the company's performance in the last two or three years. How big profits every year, how much gross premiums they receive each year, how much additional capital and assets every year.
And last but not least is how the behavior of the company's management over the years. Is there a management company for this broken promise? Has this company experienced management defaults, and so forth.
Judul: compare car insurance
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Ditulis Oleh Azkaa Najmuts Tsaqib
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