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"Pursuant to the settlement, the Company will pay $8.0 million for a full and complete release of all claims that were or could have been asserted against the Company or other defendants in the Securities Class Actions. The Company will not be...
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guardian.co.uk  4 hrs ago  Comment 
According to the most recent Allianz Global Wealth Report, the global middle class is nearing the billion people mark. Significant inequalities though remain in many countries, and data shows important differences within the worlds regions The...
Insurance Journal  5 hrs ago  Comment 
The Saudi insurance market continued its strong growth over the first half of 2014 with gross written premium expanding 24 percent compared with the first half of 2013, according to a new Best’s briefing. The briefing, titled, “Saudi Market...
Insurance Journal  5 hrs ago  Comment 
U.K. regulators banned car insurers from making agreements with price comparison websites, saying it limits competition and increases premiums. The agreements stop insurers from making their products available more cheaply on other online...
Insurance Journal  5 hrs ago  Comment 
Axis Capital Holdings Ltd. plans to expand the insurance side of its business to make up for lower earnings from the reinsurance segment. “I wouldn’t be surprised now over the next couple of years if we would see the proportion … The...
Insurance Journal  6 hrs ago  Comment 
Sens. Jay Rockefeller of West Virginia and Bob Casey of Pennsylvania unveiled legislation last week aimed at ensuring fairer treatment for coal miners with black lung disease as they pursue benefits claims. The bill by the two Democratic senators...
BBC News  7 hrs ago  Comment 
Exclusive pricing deals between motor insurers and price comparison websites will be banned, the Competition and Markets Authority has said.




 
TOP CONTRIBUTORS

The basics of insurance are simple: one company offers a guarantee future payment for a contracted event. The company offering the guarantee charges a premium for insuring against the event's occurence - in doing so, the insurance company is protecting the client against certain circumstances, say physical capital loss due to a natural disaster. The insurance company assumes all financial responsibility associated with the client’s losses.

Where the business gets complicated is in the calculations of premiums. This involves the use of complex stochastic probabilty models meant to simulate the likelihood of a given event’s occurrence. Not all events are created equal, from an insurance perspective - for some types of insurance a company can accurately predict the probability of occurence (say, automobile insurance, which has such a large sample to study that companies can make accurate predictions and judgments about demographic groups). For events that are harder to predict (say, the future value a Mortgage-Backed Security (MBS)) insurance companies take on greater risk when they issue policies.

The insurance sector itself is segmented into four distinct sub-sectors: Life Insurance, Property & Casualty Insurance, Accident & Health Insurance, and Miscellaneous Insurance.

Insurance Industry Sub-Sectors

DarkLord3188 on June 26, 2010 bit . ly/aJFEMiSaving money with InsureMyCar4Less is simple. After you fill out our quick onilne form, you get free auto insurance quotes from the best providers in the industry. They compete for your business, and you save money.bit . ly/aJFEMi

Property & Casualty Insurance

Casualty insurance deals with policies that are written to hedge against the risk of unforeseen accidents. Some examples are insurance policies for auto accidents or losses incurred at sea (Marine Insurance). In general, casualty insurance hedges against risks associated with liability and crime.

Companies within the Casualty and Property Insurance Sub-Sector

Accident & Health Insurance

Health insurance deals with policies that are written to hedge against the risk of unexpected or unexpectedly high health costs. Interestingly, the insurer of health insurance policy can either be from the private sector or the public sector, subsidized by taxes.

Companies within the Accident and Health Insurance Sub-Sector

Financial Guarantors/Assurance

Assurance/guarantor companies provide insurance against default on credit instruments. They collect premiums to insure bonds against defaults and/or losses in value through insurance policies generally called "insurance enhancement products". Some examples are:

Miscellaneous Insurance

Companies within the Misellaneous Insurance Sub-Sector:

Whats Moving the Insurance Sector

Retiring Baby Boomer Generation/Convergence of Insurance Sector and Financial Industry

As the first of the baby boomers are set to retire within the next few years, financial and insurance firms remain pitted in a battle to provide them with financial funds to fuel their retirement. The traditional methods of retirement finance such as social security, 401ks, and corporate pension plans are becoming increasingly riskier as government legislature struggles to find a solution to social security deficits and companies find it harder and harder to meet the promises of current pension plans. Since the lines between financial institutions and insurance institutions has been blurred with the repeal of the 1999 repeal of the Glass-Steagall Act, which restricted the ability of insurance companies to provide financial services, aging baby boomers have become an increasingly attractive market to insurance companies.

To compete with the corporate pensions plans provided by the company, insurance companies are offering annuities to retirees. Annuities come in many, often complex, forms and packages. However, the underlying concept remains the same: purchase of the annuity is made with an upfront lump sum, with the promise of a steady periodic income as long as the contract requires.

Since they're wrikong on a solution already, my guess is that they will not want to bother using SPAAR's data in the interim since it would be for so limited a time.I'm always chomping at the bit for the latest and greatest info so I'll post it as soon as it's available! Reply</a>

Companies in the Insurance Industry (90)

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