Insurance coverage is a vital part of life because it shields our main properties: vehicles, dwellings, life and so on. Yet just how do customers feel regarding insurance?
What do customers like and do not like regarding their insurance carriers? How do insurer gauge up when it pertains to solution, worth, and also claims experience?
We lately completed an evaluation digging right into the inquiry: “Which aspects of a service or product do Canadians do not such as most in their insurer?”
One of the most constant concern indicated by consumers was “unreasonable handling of claims” consisting of an assumption of “wrong value estimation for my insured automobile or house”. Also a lot more dramatic problems such as “Feeling intimidated that insurance policy rates will increase” made it to the leading list of consumer problems.
Cоlоnіаl Pеnn Lіfе Insurance соmраnу wаѕ fоundеd in the 1960ѕ and іѕ a ѕubѕіdіаrу оf the Cоnѕесо Group, a Fоrtunе 500 соmраnу.
Cоlоnіаl Penn Life Inѕurаnсе аnd Conseco ѕееk to оffеr аffоrdаblе lіfе іnѕurаnсе аnd financial рrоduсtѕ to fаmіlіеѕ and ѕеnіоr citizens.
Cоlоnіаl Penn’s оffеrіngѕ include: Term lіfе insurance policies tо issue оn people uр to аgе 77; fіvе-уеаr rеnеwаblе tеrm insurance available tо аgе 75 with nо mеdісаl exams nесеѕѕаrу and wіth face аmоuntѕ оf $5,000, $10,000, $15,000, $20,000, аnd $25,000 оffеrеd; twenty-year tеrm lіfе роlісіеѕ wіll lосk іn рrеmіumѕ wіthоut a рhуѕісаl еxаm available tо people age 18 tо 77; аnd accelerated dеаth bеnеfіtѕ which аrе аvаіlаblе in саѕе of a tеrmіnаl іllnеѕѕ.
Colonial Pеnn was one of thе fіrѕt lіfе іnѕurаnсе соmраnіеѕ to offer guaranteed ассерtаnсе lіfе іnѕurаnсе–lіfе insurance роlісіеѕ wіth ѕmаll fасе amounts, high рrеmіumѕ, and no medical еxаmѕ rеԛuіrеd.
Cоlоnіаl Pеnn Lіfе Inѕurаnсе mаrkеtіng mаіnlу tаrgеtѕ senior сіtіzеnѕ, реорlе who have hеаlth conditions thаt make them unіnѕurаblе by mоѕt оthеr іnѕurаnсе соmраnіеѕ, аnd реорlе wіth fаmіlіеѕ tо protect who are relatively late gеttіng lіfе іnѕurаnсе іntо their financial plan. Continue reading
Insurance market is having problems all around the world right now.
Red numbers appear on their accounting and it looks that insurance companies will have to increase rates to go on.
This interesting article tells the whole story.
Insurance market to be loss making in 2015/2016 – FBD
The Irish insurance market will continue to be loss making in 2015 and 2016, insurance group FBD said on Monday, noting that rates haven’t risen enough to offset a “significant deterioration” in the claims environment.
In an interim statement the insurer, which reported a first half loss of €96.4m in August, its worst result in 40 years, said that the Irish market continues to grow in 2015, “as insurers increase rates following market losses arising from the increased claims cost and frequency experienced as the economy improves”.
Health insurance policies is not an easy topic to talk about. The growing controversy affects private services and so government health care.
It looks that insurance industry will have to make big changes to offer understandable health plans and make them affordable too.
I have found a very interesting article that I want to share with you that surely can give you a wider perspective about the issue.
Defeat By Deductible: Millennials Aren’t Hip To Health Insurance Lingo
Coinsurance? Premium tax credit? HMO and PPO?
Swimming through the health insurance word soup can be frustrating for anyone. Even though I cover health, I couldn’t define “cost-sharing reduction plan” until I Googled it just now.
¿What is the perception of the insurance industry value to society?
Asia Insurance Review, as the voice of insurance in Asia, is hosting an international summit to recognize and salute the role of insurance industry in daily life, the economy, society and nation-building.
This Summit aims to provide a platform for insurers and users of insurance to come together to see what more the insurance industry can do to better serve individuals, corporates and society while taking stock of its current strengths and weaknesses.
Summit is being held in Singapore on 29th and 30th April, 2015 in Singapore at the Grand Hyatt.
You could find more relevant details through the below link:
This sort of thing makes us uneasy. The Mirror:
Cameras at petrol stations will automatically stop uninsured or untaxed vehicles from being filled with fuel, under new government plans.
Downing Street officials hope the hi-tech system will crack down on the 1.4million motorists who drive without insurance.