Some decades back, there was a need realized to meet the increasing public restlessness about jobs not giving any compensation for any injuries. This was taken up by the federal authorities discussed and then the new concept of insurance was born. Though it existed hundreds of years ago, but then there was hardly anyone who knew about it and did not put it in paper and as a business.Insurance companies thrived on the public money "" because they...more
Insurance Claims and Policy PerformanceInsurance Business Transaction Monitoring and Performance Testing By: performance About the Author Insurance Performance Testing & Insurance Load Testing Audit for Health Insurance, Life Insurance, General Insurance, Property and Casualty Insurance. (ArticlesBase SC #2973272) Article Source: http://www.articlesbase.com/ - Insurance Business Transaction Monitoring and...more
More and more insurance companies offer you greater savings by cutting out the middle man, in this case the insurance broker, but have you thought about what you are losing in the way of services? With our life styles becoming ever-more fast-paced it is easy to think that quicker means better. But when it comes to buying an insurance policy, is not better to take your and sitting with someone who can help you understand what you are buying? The services of an insurance broker are varied and can save you a lot of time and hassle of having to navigate through the many intricate details of insurance policies and having to get separate quotes from many sources. You get to deal with a real person instead of being passed from person to person in a call centre. Call centres agents can sometimes be very impersonal and it is very irritating to have to deal with someone new every time you call. Did you know that many companies cut costs by outsourcing there call centres to countries like India? There is nothing wrong with that, except that you sometimes have difficulties with language barriers or having to understand heavy accents.You are dealing with someone who knows the insurance...more
There are many insurance brokers out there, all claiming to offer you the best services for the lowest prices. What exactly do insurance brokers do? Well firstly you need to understand that there are two ways in which the term insurance brokers can be used. Firstly, an insurance broker can be a physical person who works for an insurance company....more
Buying insurance is a costly affair, and with so many insurance companies popping up everywhere and with so many different products being offered, how does one know that you are getting the best deal for your money, or that your insurance company deals ethically? Surely there must be some sort of rating system for insurance companies, and a list of...more
There are so many insurance companies out there, and there are even more people out there who are not even entirely sure of what it is that insurance companies do. It is important to fully understand what insurance companies do so that you are making an informed choice when you take out a policy. If you do not know ANYTHING about insurance, finding out what it is really about could help give you the push you need to finally obtain a policy.Insurance companies are crucial in our society, as they are the means that we have to protect everything of value that we spend money on. Aside from that, we can even protect ourselves financially if we have unforeseen medical expenses. Furthermore, you can take insurance out on your life, so that your loved ones will be looked after financially once you pass away. There is insurance for cars, boats, houses, home contents, jewellery and basically anything else of value. Yes, if you have paid for it, you can insure it! What does this mean, and where do insurance companies come into this? Well frankly, you pay a set fee to the insurance company every month and in return they will pay you a predetermined sum on your valuables if they should get...more
When one thinks of the process of acquiring a new insurance policy, they start to feel stressed. It can seem like a daunting task to choose between all the insurance companies out there who are seemingly offering you the best deal possible. There is...more
What is the importance of an insurance quote or any quote for that matter? And how does it save you money? My aunt is someone who never gets quotes, she calls the first number in the book tells them the problem and buys whatever they suggest, and...more
South Africa has a need for insurance just as much as any other country in the world. Luckily, there are many good insurance companies in our country. But why do we need good insurance companies in South Africa, and why do we need them even more so...more
What Is Property and Casualty Insurance? Property-casualty insurance practices in the United States are based on British practices and started with marine insurers located in major U.S. ports. Even when our nation was young, we were concerned with...more