RECENT NEWS
Insurance Journal  1 hr ago  Comment 
Workers at the North Carolina Department of Insurance and other state agencies are cleaning up after water flooded a state building in downtown Raleigh damaging offices and state records. Officials said Tuesday it’s not known what caused an...
Insurance Journal  1 hr ago  Comment 
The Florida Office of Insurance Regulation has approved the removal of up to 45,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. by the following two companies: Heritage Property &...
Insurance Journal  9 hrs ago  Comment 
Massachusetts Governor Charlie Baker plans to appoint Daniel Judson, the current president of Commonwealth Automobile Reinsurers (CAR), the state’s industry-operated residual market and statistical agent for auto insurance, as the next...
Insurance Journal  11 hrs ago  Comment 
The board of directors of SAIF Corp. in Oregon on Wednesday named Kerry Barnett as the workers’ compensation insurer’s new president and CEO. Barnett has worked for Cambia Health Solutions, formerly The Regence Group, since 2004, most recently...
Insurance Journal  11 hrs ago  Comment 
A potentially hardening market and a paradigm shift in how healthcare is delivered are just two issues Sarah Pacini has had to face since her first day on the job. Pacini is CEO of Los Angeles, Calif.-based Cooperative of American … The...
Insurance Journal  12 hrs ago  Comment 
A Minneapolis-based distributor will pay $50,000 to settle a claim that it fired a man after he had a heart attack. The U.S. Equal Employment Opportunity Commission announced the settlement with Baldwin Supply Co. The lawsuit alleged that Baldwin...
Insurance Journal  12 hrs ago  Comment 
A group of five commercial property/casualty insurance professionals led by broker Mark Conner has joined Higginbotham in Houston. The group specializes in homeowners association (HOA) insurance and loss control, serving hundreds of single...
Automotive World  Apr 8  Comment 
TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, has partnered with Safeco Insurance to power its newly established auto-buying program. Safeco chose to partner with TrueCar to simplify the process for...
Forbes  Apr 8  Comment 
We expect Travelers’s market share to remain relatively stagnant, as the company continues to pursue disciplined underwriting at the expense of market share gains. The company uses a distribution network of more than 11,000 independent agents...
Wall Street Journal  Apr 8  Comment 
Brazil’s government is considering a possible initial public offering of shares in the insurer controlled by state-owned bank Caixa Econômica Federal and French insurance group CNP Assurances.




 
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)

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki