Article content If you think about it in a certain way, insurance is one of the weirdest things people buy. Article content In the case of auto insurance, it’s mandatory for drivers to get it every year. Home insurance, while not required by law in the same way, is still something most property owners would never do without. And yet for a product that is purchased so regularly, it is also pretty much useless most of the time. That is, people tend to make only a few claims during their lifespan, and some not at all. Essentially, customers are obtaining an insurer’s promise to pay in those rare circumstances when something goes awry. As some of those insurers frame it, people are really...
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EIOPA provides statistical data on insurance undertakings and groups in the EU and the European Economic Area (EEA). The statistics contain aggregated country level information about balance sheet, own funds, premiums, claims and expenses, asset exposures, use of transitional and LTG measures. Balance sheet Note: The balance sheet statistics follow the Solvency II template S.02.01 (please see the annotated reporting templates ). The statistics provide the aggregate Solvency II values for each item in the balance sheet. For information and explanation of each individual item, please refer to the QRT instruction files. Own funds Note: The own fund statistics provide an extract of key data...
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Ever go to a party and, while you’re making small talk, someone randomly says, “Hey, you guys you know what’s really cool? Insurance premiums.” Okay, that’s probably never happened because that would be weird. You’d all stare blankly at each other, like, Why is this dude talking about insurance premiums at a party? If it ever did happen, you’d smartly excuse yourself and go find a new group of friends talking about religion or politics. At least that would be exciting. But, still, a seed would be planted, and then you would absolutely need to know what an insurance premium is. What is an insurance premium? In a nutshell, an insurance premium is the...
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If the drop in interest rates in the country has been bothering you as an insurance customer, do not worry. Your insurer has already started taking steps to ensure the returns on your product stay intact. Life insurance companies are now turning to external hedging to manage the interest rate risks in the product portfolio. With more number of insurers turning to non-participating savings plans (products without bonuses), the companies want to ensure that returns to customers do not get impacted. Instruments like interest rate futures, interest rate swaps, forward rate agreements and partly paid bonds. Among the 24 life insurers, at least 16 of them have started the hedging process in the...
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LOS ANGELES, Oct. 26, 2019 /PRNewswire-PRWeb/ -- has released a new blog that explains how to protect a car against theft, thus reducing car insurance costs. For more info and free quotes, visit https://compare-autoinsurance.org/6-steps-to-lowering-your-risk-of-car-theft/ Car theft is still a major concern for all drivers. Although the number of stolen cars has dropped due to modern devices and tracking systems, only in 2016 there were reported close to 800.000 stolen cars in the United States. Drivers should implement preventive measures. Find out how to protect the car against robbers and get free car insurance quotes from http://compare-autoinsurance.org Install efficient and noisy alarm...
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Drivers in Michigan pay more for auto insurance than anywhere else in the United States. The Great Lakes State is notorious for its expensive car insurance, topping Insure.com ’s annual state ranking for six consecutive years. High annual premiums are primarily due to Michigan’s unique no-fault insurance system, said Consumer Analyst Penny Gusner, which provides crash victims unlimited lifetime coverage of medical bills. Started in 1973, Michigan’s system was expected to cut costs and speed up payments to doctors by eliminating legal disputes over who caused a crash. Collision damage, medical treatment and wage losses are paid out by one’s insurance carrier, regardless of who is at fault. “...
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Most people are aware that life insurance companies rely on an individual's age, health and lifestyle choices when making a decision whether or not to offer coverage. They evaluate the applicant’s information and classify the applicant based upon their insurance tables. The premium that the applicant pays is directly related to this classification. But how do the insurance companies formulate these tables? How do they arrive at their premium prices? In this article we will attempt to give you a basic understanding of how insurance premiums are calculated. In insurance, risk refers to the possibility of loss. When a person buys insurance, this risk is transferred form the insured...
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Homeowners in Memphis, Tennessee, pay an average homeowner's insurance premium of $560 per annum, which is much lower than the national average of $1,228 per annum. This is possibly because metropolitan cities have lower crime rates, report better response time by the fire department, and are less prone to natural disasters. Constructing homes with superior fire-resistant material can help lower the insurance rates for Memphis homeowners, with insurance companies offering discounts of as much as 27%. Homeowners living in brick veneer constructions can earn a discount of as much as 4% on their insurance premiums, whereas those with masonry homes can get a discount of up to 10%. Memphis...
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Experts Explain What Factors Influence Car Insurance Rates The Most LOS ANGELES, Aug. 15, 2019 /PRNewswire-PRWeb/ has released a new blog post that explains the main influential factors for car insurance rates. When determining a person's risk profile and its associated rates, insurance companies analyze multiple demographic, social, geographic and economic factors. They all tell more about the probability of making a claim or being involved in an accident in the nearby future. Some factors measure a client's creditworthiness. Find out more and get free car insurance quotes from. http://cheapquotesautoinsurance.com. The main factors that impact car insurance costs: ZIP code. Besides...
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Growing older in today’s world brings about changes in the way we live and spend. A positive change is a reduction in car insurance rates. Growing older is a part of life. There are some people who feel that they can stop their body clock, but this is not a fact of life. When people are youthful, they feel like they can do everything. There are a lot of things that will change during your lifetime such as the following: Your physical appearance You will notice that as you grow older, you would need to pay for a lot of other things. One of the things that you have to consider is your insurance rates. This is one of the constant things that will change throughout your lifetime. It will...
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