Zambian farmers, Stephen Chomba suffered badly from a prolonged drought that started just after last year’s planting season in October. The maize seeds he had used in his little 12-hectare farm in Chilanga, on the outskirts of the capital, Lusaka, failed to germinate. He risked losing his entire crop. Then, to his astonishment, he received a phone-call from the seed company. He was told he was entitled to pick up replacement seeds at no cost. He was, it turned out, insured. His story shows how technology and new ideas can bring insurance to poor people around the world—but also how difficult that task is. Moves to expand “financial inclusion” are being extended to bring the poor insurance...
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Insurance: Mathematics and Economics publishes leading research spanning all fields of actuarial science research. It appears six times per year and is the largest journal in actuarial science research around the world. Insurance: Mathematics and Economics is an international academic journal that aims to strengthen the communication between individuals and groups who develop and apply research results in actuarial science. The journal feels a particular obligation to facilitate closer cooperation between those who conduct research in insurance mathematics and quantitative insurance economics, and practicing actuaries who are interested in the implementation of the results. To this purpose...
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Japan Post Co. is considering suspending commissioned sales of insurance products from private companies such as Nippon Life Insurance Co. through post offices across the nation, sources have said. The move comes after the revelation last month of inappropriate sales practices by Japan Post employees involving Japan Post Insurance Co. products. The company, which has already suspended sales of Japan Post Insurance products, has begun negotiations with insurers such as Nippon Life and Sumitomo Life Insurance Co. If the firm decides to suspend all insurance sales, it is likely to affect the finances of the Japan Post Holdings Co. group. Japan Post Holdings President Masatsugu Nagato and other...
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ART JOSETTI Insurance is tricky. It's not like buying a chair or a shirt or groceries. When you buy insurance, you're buying a promise. It's a promise that if something catastrophic happens to your business, your carrier is going to assist you to make your business whole again. Sometimes, though, it's tempting to question the value of insurance because it is an intangible product. Let's back up and take a big-picture view of why insurance matters. Here are seven reasons why insurance is important. What more would you add? 1.) Insurance Keeps Commerce Moving In the days after the 9/11 attacks, there were many worries about insurance coverage. Acts of war are not covered by insurance. Was...
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Having the right insurance will help protect your business and minimise its exposure to risk. This may include insuring your business, your income and your commercial risk. Before you choose an insurance policy, you'll need to evaluate your insurance needs. To do this, you’ll need to look at each type of insurance and work out if it’s something that your business needs. Some insurers also offer insurance package policies specially tailored to cover different business types. The individual types of business insurance vary and usually protect things like business assets, customers, employees, business owners and your earnings. See below for a list of the most common types of...
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Top-Rated Dog and Puppy Insurance Healthy Paws Pet Insurance & Foundation covers your pooch from head to paw. Our dog health insurance plan pays on your actual veterinary bill and covers injuries, illnesses, emergencies, genetic conditions and much more. If your dog or puppy needs treatment for a new accident or illness (except pre-existing conditions), you're covered. It's that simple. One Plan. Four Paws. All Covered™! What is a pre-existing condition? A pre-existing condition means that the condition first occurred or showed clinical signs or symptoms (there doesn't need to be a diagnosis) before your dog's coverage started, including waiting periods. Healthy Paws excludes pre-...
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