The word insurance in law and economics, means a kind of risk management to deal with a sudden, uncertain loss. One can get insurance for things ranging between buildings to cars. Ones house is the primary belonging which one would want to insure because centering on this very house all other properties come into existence. There are many companies which provide building insurances, either directly or indirectly. By indirectly we generally mean...more
Netherlands Insurance Market Intelligence "The Netherlands (Dutch) insurance industry is characterized by the strong growth rate it has registered in past few years, mainly on the back of its liberal regulatory environment and open distribution structure. However, the recent changes in the market trends have haltered its growth, followed by a slowdown in economy, sluggish performance of the stock markets, and the abolishment of strong fiscal...more
If you are the owner of a good deal of property, you might be considering the option of renting it out to some tenant. This is a good way of earning money and if you are not in urgent need of a bulk of money, this is a much better option than selling your property. Selling your assets mean that lose them forever, but if you rent it out, the property remains yours and at the same time you can be assured of a monthly flow of income. However, when you sell your property, you also sell your responsibilities for that property along with the property itself. But if you are renting it out, your tenant is only a temporary owner and you, the landlord are the real owner. So any damage caused to the property is your loss and hence it is largely your duty to look after it. For this purpose, the best option is to get your property insured! Insurance is a contract by which the insurer promises to compensate the losses incurred due to an accident or promises to pay a fixed sum of money after a stipulated period of time to the insured in return to the periodic payment of a fixed sum of money. If you insure the property that you are going to rent out, you can be free from all worries. In order to...more
Belgium Insurance Market Intelligence "The financial system of Belgium is dominated by four large bancassurance conglomerates, which contribute nearly half of the total insurance premiums. Growing economy and the resultant increase in income, consumer spending and increased awareness of savings and better returns have supported the growth of the...more
Indonesia Insurance Market Intelligence "The Indonesian insurance market continues to offer growth opportunities and attract new players, despite certain unfavorable government rules and regulations. The industry has registered a tremendous growth in the past few years, mainly due to untimely occurrence of natural and man-made disasters, launch of...more
Japan Insurance Market Intelligence "Japan is the third largest player worldwide in terms of insurance premium. Despite this, the Japanese insurance industry has been declining since the past few years. This decline is attributed to high penetration rate of life insurance in the country. Further, the amount held per person is at least more than half as compared to what it is in the United States. This makes it difficult for the insurers to move on from the present market situation as there is a limited 10% of the population to be catered for the life insurers.Like many other countries, the Japanese insurance industry can be categorized into two different segments: life and non-life. Life insurance contributes more than three fourth of the total industry, whereas non-life serves for only one fourth of the total insurance market in Japan. The per capita expenditure on insurance is very high in Japan; however, it is growing at a slower rate due to reduced foreign investment and fall in total population. The insurance penetration rate of Japan is higher than the average of the industrialized markets, in terms of premiums as a percentage of gross domestic products.The present report...more
Malaysia Insurance Market Intelligence "The Malaysian insurance market continues to be one of the fastest growing markets for insurance products across the Asian continent. The countrys insurance market has been exhibiting growth on account of...more
Singapore Insurance Market Intelligence "Singapore has one of the most developed insurance markets in Asia. The insurance industry of Singapore has been growing at an impressive growth rate on account of the increasing demography of ageing...more
South Korea Insurance Market Intelligence "The South Korean insurance industry has come a long way from being a largely closed industry to being an open industry now, due to several changes that happened in the last few decades. The industry...more
Taiwan Insurance Market Intelligence "The insurance industry of Taiwan is the one of the largest insurance markets in the Asia pacific region. The industry has been growing mainly on account liberalization policies of the government, increased...more
Thailand Insurance Market Intelligence "Over the past ten years, the Thai insurance market has recorded astounding growth on account of governmental promotional measures, new products, improved sales channel, increased awareness and importance of...more
Texas drivers who have abandoned cars in order to save money on gas by riding a motorcycle need to understand the requirements and options available to them in the form of motorcycle insurance policies and coverage. Liability insurance is mandated by...more