Insurance News

Posts Tagged ‘Professional Insurance’

From the macro side, according to the Insurance Council of Australia, the insurance market effectively and efficiently is a fundamental tool for an advanced economy. Through the general insurance industry, the economy and economic agents can transfer and provide price risk, allowing them to better allocate resources to contribute to the growth / higher investment and living standards are also higher. As a driver of economic, general insurance contributes directly to economic growth by:

a) assess the risks and risky activities,

b) improve resource allocation in the economy,

c) reduce transaction costs between the parties when they want to move the risk of sensitive risk (risk adverse) to those who are willing to bear it (risk takers), d) supports economic development by facilitating the investment at a higher risk of what can be borne by the market without presence of risk,

e) invest the funds of insurance premium on deepening (deepening) the range of capital available for investment purposes,

f) reduce the burden of government / public sector in the event of damage or a severe natural disaster, thus also strengthening public financial management,

g) supporting the realization of the principle of joint liability and personal responsibility in individuals and communities to protect from loss and damage,
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The reputation of an insurance company is determined by their services. The customers who receive the service will judge the reputation of the company and pass their thoughts to people around them. Therefore, to create a good impression through good services is very essential. Customers assess the reputation of an insurance company before actually buy the products.

To assess the reputation of the service, one way that is done by a customer is by seeking information about A to Z of services provided by the insurance company, or at least know exactly where the office is located. The customers assess the services provided by companies from various complaints that may arise when providing customer service, or if necessary directly to the office the company.

With going straight to the company, the quality of services provided by the company can be known exactly. This is done with the intent to know the service quality that will be encountered.
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In terms of the investment portfolio content, these two institutions have few things in common, that is the same as raising funds for the community then collectively invested in certain investment choices. Same customer funds managed by fund managers the same quality, even now many insurers who submitted a total customer funds to asset management institutions to be managed professionally. Of course, this also gives plus minus for long-term customer.

Mutual unit is one link from a combination of various portfolios, such as deposits, bonds, stocks, or mutual fund itself. It’s just that a percentage of the portfolio is distinguished by the characteristics of the investor. This is an investment strategy in conducting the spread risk appropriately. Whether the results are maximal or not, the investment performance is largely determined by the content and use of portfolio risk opportunity for the right time, not on the choice of link or mutual fund units.
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The fundamental difference is the agency manager, which is managed by the Unit link insurance institutions while the Mutual Funds are managed by institutional asset management.

Buying mutual funds in asset management institutions can provide services more quickly and directly to the fund managers or brokers. While the unit should link through an insurance agency, where fund managers are in institutions or may be outside those institutions. The service speed depends on the activeness of agents who are committed to give assistance. So for those of you who have and will buy a unit linked, make sure your agent professional and committed to long term. Thus, various facilities and benefits of the program you will receive the maximum.

When you reach the goal to invest in a certain number of active and progressive, certainly taken directly to the mutual fund asset management institutions will be very beneficial. In fact, also given the option portfolio is more progressive with a maximum chance of great results and certainly with a high risk as well.  The goal of the Institute of Asset Management business is to multiply your investment, while the insurance institute aims to maintain the value and the amount of money you against financial risks (inflation) and the risk of life.
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As an insurance agent, the key to winning the customers is by winning the presentation you give them. Presenting the products of your insurance company and letting your clients know the benefits should be done effectively so that you will not yourself out and the message that you are intended to deliver is received clearly by your prospects.

To be more effective, compelling in delivering presentations and can attract the attention of audience, use the tips bellow:

1) The Sooner, the Better. Audience wants to be involved, not just sit quietly and listen. At the beginning of the presentation, at least you have 30-90 seconds for attracting audience’s attention. For example, by asking the audience one by one or throwing fresh jokes that will make them laugh.

2) Mingle. Avoid talking while hiding behind a podium or standing too much at one place. If the participants are more than 20 people, occasionally walk and mingle among them as you speak. This will make them notice you. When walking, it is important not to rush.
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