Insurance News – auto insurance, health insurance quotes

Strictly speaking, the insurance broker is an intermediary between the insurant and the insurer. The agent is also an intermediate link, but he works for the insurance company and operates in its interests. And here the broker – is the intermediary right in the sense that though he offers insurance services, he is not connected by labor attitudes with the insurance company. His problem consists in business attitudes between two irreconcilable camps.
In practice the insurance broker is the representative of the insurant. He helps to pick up the company, which meets the requirements of the client, and individual variant of insurance. If the price plays the most important role for you, the broker will find the cheapest insurance. And if you are concerned about the quality, he will explain you comparative advantages of insurers’ offers. Usually brokers are in contact to tens insurance companies, therefore, you should not waste time and ring round insurers looking for the best variant.
Activity of brokers is not limited to sale and selection of insurances. Actually, the essence of their work is a support of the client on all extent of contract validity. And if it is done independently (having wasted a heap of time and nervous cells) it is all the same possible to find the digestible insurance and you will receive the policy and nothing else. You should understand disputable situations from the insurance company in fair, but unequal to fight. it is not a secret how insurers do not like to leave money. For this purpose they have rich arsenal of the most refined receptions and staff of the most tempted lawyers.
The broker, first, will try, using communications in the insurance company, not to lead up a situation to a critical mark. And if the conflict occurred – he will give to you a legal aid.
 

Insurance company “Moscow” insured JSC “Aeroflot – Russian Airlinesâ€? on a full package of real estate risks in Russia and abroad for the sum of 34 million dollars.
Besides, action of the employees’ insurance contract, who are being on short-term business trips abroad, and agreements on voluntary medical insurance of workers of foreign representations and members of their families, has been prolonged.
Also the contract of voluntary medical insurance of workers of foreign representations and members of their families is renewed for 2008. According to the contract, “Moscow” takes up payment of the medical services, foreign representations of Aeroflot, rendered to workers and members of their families.
Insurance company “Moscow” is created in 1993 and specializes on insurance of aviation risks, and it is also engaged in insurance upon accidents, property, motor transport and a civil liability of legal persons.
 

British insurers warn: travel to South Republic is dangerous to your property. A robbery in this country is not a rarity, including with application of the weapon, and suitcases often do not reach hotels – they are being stolen on road. In Czech Republic the record quantity of pocket thefts is fixed. Mountain skiers are most of all traumatized in Austria, and people more often suffer from allergy – from stings of poisonous insects in the countries of Caribbean Region.
Experts from company Norwich Union Travel Insurance, engaged insurance of travelers, have analyzed more than 60 thousand complaints of tourists for 2005 and have come to conclusion: Thailand is the most dangerous resort.
There, as British newspaper Daily Telegraph writes, travelers can collide with such troubles, as food poisoning, larceny, accidents and loss of property. At the same time Ireland, Belgium, Holland, Germany and France are the safest places for vacation.
Let’s notice, that not so long ago magazine Forbes has made the list of the most interesting and attractive resorts of the world. In it, alongside with resorts of islands Anguillas and Maldives, Thailand is recognized as the best vacation spot for fans of cheap tourism.

Shares of British insurance company Prudential have fallen in price on 3 % in spite of the fact that financial parameters, reached by the company in the first half-year, corresponded to analysts’ forecasts. According to the data, published by the company, in the first half-year 2006 the net profit of the insurer has grown on 50 % – up to 449 million pounds sterling (834 million dollars) in comparison with 300 million pounds sterling (557 million dollars), received for first six months 2005.
The share tenders in the USA have come to the end with downturn of leading indexes on the background of corporate news concerning financial reports of insurance company Aetna Inc., chemical concern Dow Chemical Co. and data about a delay of release on the market of new operational system Windows Vista from company Microsoft Corp.
Stock quotes of the third on size of American insurance company Aetna Inc. have decreased on 17 % after data about decrease in net profit on 1 % in II quarter 2006 – up to 389,5 million dollars on the background of costs’ growth, connected with medical insurances service.

 

 

The bureau of insurance history can decrease the level of insurance fraud, but for this purpose it is necessary, that interest to information interchange was shown by the largest players of the market
For instance, two years Andrey and Sergey Maljuginy have received from insurers 12 thousand dollars for a heap of unnecessary scrap metal. The father and the son traded in that beaten machines then made out the annual policy of Obligatory insurance of automobile owners. Then speculators dramatized road and transport incident, showing to inspectors and the centers of examination crashed cars, and necessary documents – to the insurance companies. In total the swindlers have about eighty similar schemes of illegal insurance payment reception. And as soon as market develops, the schemes become more complicated and improved.
In order to struggle with swindle, information interchange between insurers is necessary. So, last week in Ukraine the first specialized bureau of insurance histories – representation of the Russian company Bureau of insurance histories, which renders the services in our market through consulting group “Business-Guarantor”, has started to work on a commercial basis. Unlike bureau of credit histories, which also tried to offer the insurance companies services, the specialized bureau has caused interest in market participants. However, it is not the fact, that it will be transformed into real cooperation. The matter is that the competition compels insurers to concern cautiously in disclosing information on their clients.

Since February credit broker Fosbourne Home will add functions of the insurance agent.
For this purpose the separate company – “Insurance adviser Fosbourne Home” has been created. After signing the agreement with the insurance companies of agency it will sell to clients policies of auto insurance (both second-hand and new cars), and in the long term – the products connected with the mortgage.
However, hypothec insurance is still being developed: the contract of life insurance, for example, can’t be signed without physical examination and brokers are not engaged in it.
It is expected that in the end of the year the company will sell 2 thousand policies a month, half of sales – in Moscow, the rest – in regions. Now the company works with three tens banks and plans to agree with all leaders of the insurance market.
It is not excluded, that in the near future insurance branch of the company will receive the license of the insurance broker and now the company will begin work as the insurers’ agent.

 

 

Insurance fund is the main attribute of insurance medicine. It is formed due to obligatory deductions of wages working, deductions of employers’ profit, state grants and welfare funds.
Hospital cash departments
The previous Minister of Health of Ukraine has come out with the assumption, that 2-3 years will be required for introduction of insurance medicine in Ukraine.
Figures
It is planned, that in a year 15,573 billion UAH will be spent on maintenance of medical insurance.
In Ukraine already the first experiences of application of insurance medicine appear. Hospital cash departments may be considered as one of its prototypes. They quite successfully work in many cities of Ukraine. But it is the form of voluntary medical insurance. If to speak about obligatory medical insurance, it is worth of mentioning that talks on its necessity have started already in the beginning of 1990 – so long before occurrence of 49-th clause of the Constitution, Ukraine guaranteeing to all citizens free-of-charge health services. In 2002 the first bill about the state social medical insurance has appeared. Later six more bills, offering to enter obligatory medical insurance, have been submitted. But all of them have remained just projects. Next, these days already the eighth bill On obligatory state social medical insurance has been registered. On the basis of Fund of social insurance on time loss of working capacity the project offers to carry out services of obligatory medical insurance. Introduction of an innovation is planned for January, 1st, 2009.
Expenses for rendering of medical services will be guaranteed by the employer (4,2 % from fund of a payment) and local enforcement authorities, and clients will pay insurance payments regarding a covering of expenses for material maintenance and social services of the Fund.

What is insurance medicine?
Treatment, even in the developed countries, is quite expensive and not everyone can pay for it. In order to make it more accessible institute of insurance medicine has been created.
The insurance medicine is a form of public health services organization, which provides obligatory state insurance upon illnesses in combination to private medical practice and private medical institutions. Such system of the organization of medicine allows putting a payment of medical staff and incomes of medical establishments in direct dependence on quality of treatment and diagnostics. And thus, from the financial point of view, reception of qualitative medical aid is accessible to the majority of citizens.
The insurance medicine means medical insurance which, in turn, can be obligatory or voluntary. The world practice confirms that a basis of insurance medicine is obligatory medical insurance. Its purpose is to guarantee reception of medical service due to the saved up means in the insurance case.

 

Rate of growth of the Ukrainian insurance market of will make 20-25 % and by 2010 will make nearby $2 billion, developing basically due to corporate insurance, which share in total amount of premiums will increase.
According to research backlog of the Ukrainian economic development from Russian makes about 3-4 years. But, tendencies of economy development are identical. The lead analysis has shown a number of factors, which define development of economy, the main role in which is played by the formed youth – in Ukraine and Russia this share makes about 23 %.
Development of insurance business in Russia is defined by consumer behavior of the population – ability to offer the consumer necessary service under the comprehensible prices and includes a number of stages. On a way of purchase of insurance service the insurant all over again should be frightened, then understand, that insurance service is necessary to it, the insurer should be reliable, and cost of insurance should be economically proved. Having passed these stages, the insurant becomes the happy owner of insurance policy.
The structure of insured risks of the population has not changed in 2006-2007 among which there is a risk of road accident, fire and a robbery of habitation. But, on the other hand, researches show, that within 2006 sensitivity risks among the population has noticeably decreased and it is connected with information policy of TV and mass-media which began to give less attention to violence. For the majority of people insurance becomes the basic tool of protection against every possible risk and the number of those people, who consider insurance as waste of money, decreases. So, comprehension of threat leads the consumer of necessity of a choice of means of protection and consumers will prefer insurance to other ways of protection only in case of the positive attitude to service.
The unique essential factor of growth of the market is updating motor-vehicle pools of the population and the enterprises.
The insurance companies have all some opportunities to affect consumer behavior. Elasticity of demand for service depending on its cost is the most essential factor. Within 2004-2007 interrogations of the population have revealed following interrelation – 50 % difference between quantity of the consumers knowing the insurance company and using its services, leads to that within a year the client base of the insurer increases approximately for 25 %. Besides, researches show that satisfaction of consumers with service in the insurance company can attract additional clients.

 

 

The president of Association of insurers of Armenia has complained to journalists that consular services of some the countries of the Europe subject to discrimination measures of the Armenian insurers.
He has named embassies of Germany, France and in some cases of Italy as an example.
According to his words, since last January some clients of the insurance companies of Armenia have started to address to insurers at whom they have got policies from accidents and sharp diseases. They complain that embassies of the Schengen zone refuse to recognize the validity of policies and require get policies of the foreign companies for reception of the entry visa.
According to the president of the Association, similar requirements have not only material, but sound mental cruelty, undermining the development of the insurance market of Armenia.
Recognizing some lacks of work of the national insurance market, president of the Association has told about new contacts between insurers of Armenia and the European countries.
President of the Association has declared that the new practice of non-recognition of policies of the Armenian insurance companies by consular services of the countries of the Schengen zone is included into the full contradiction both with the purposes of development of economy of Armenia, and with the current legislation of Armenia. In particular, as the chapter of association has noted, the Law on insurance and the Civil Code of Armenia forbid sale of policies of the foreign states and those not licensed organizations, which sell them today to these embassies, actually fall under action of the Criminal code.