General insurance

General Insurance Penetration In India To Get Better: Tapan Singhel

Tapan Singhel, MD and CEO, Bajaj Allianz General Insurance, is of the opinion that penetration of general insurance is all set to get better in the coming time, in a conversation with Nirmala Konjengbam. Life insurance is largely considered as the most important components of insurance — which is a process of transferring risk and securing yourself and family against any eventuality. But there’s a lot many useful products that fall under the ambit of insurance other than life insurance, mainly general insurance. All the tangible assets form an important part of our life and it’s important to protect the economic value of such products. General insurance helps us do the...

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AIG Appoints Richard Olsen Chief Actuary, General Insurance, Business Wire

NEW YORK--( BUSINESS WIRE )--American International Group, Inc. (NYSE: AIG) today announced that Richard Olsen will join the company as Chief Actuary, General Insurance, effective immediately. Mr. Olsen will be based in New York and will report to Mark Lyons, Executive Vice President & Chief Financial Offer, AIG. Mr. Olsen will lead the General Insurance global actuarial organization, with responsibility for aligning pricing, portfolio and reserving practices with AIG’s business objective of improving underwriting profitability, as well as providing guidance on portfolio optimization to help inform General Insurance strategy. “Richard’s successful career of leading inter-disciplinary...

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What is general insurance?

Life is full of risks. That’s what makes it so interesting and exciting. But some unexpected events can really set you back. General insurance helps us protect ourselves and the things we value, such as our homes, our cars and our valuables, from the financial impact of risks, big and small – from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps – and even from the costs of legal action against us. And we can choose the types of risks we wish to cover by choosing the right kind of policy with the features we need. In general, insurance works by spreading the cost of unexpected risks among a large number of people in the same region who share...

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The Effects of VAT on Health Insurance - The Money Doctor

With less than a week to go, the GCC countries including the UAE are all gearing up for the soon introduction of VAT this January 1st, 2018. Despite the VAT authority in the UAE exempting Life Insurance from this taxation, other insurance service providers and users will feel the effect of the VAT beginning of this new year. Residents of the UAE received warmly the official statement of the VAT Authority, Healthcare Services and Products and the Related Products and Services will be unaffected by the introduction of VAT in 2018. Healthcare related products and services can be anything from the prescribed drugs and medical equipment to the patient room accommodation and meals extends to...

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Home, Auto & Life Insurance - General Insurance Services

Helping You Save Money in San Clemente, CA and Surrounding Areas Your Orange County Insurance Agency For over 70 years, General Insurance Services has been a reputable independent agency with access to the nation’s top carriers. We specialize in providing individualized coverage for products like home, auto, and life insurance by taking the time to listen to and address the immediate needs of our customers. Low Rates and Personalized Service Some insurance companies offer low rates, but not personalized service. Others provide an agent, but you pay for it with higher premiums. At General Insurance Services you get your own dedicated agent and great companies with some of the lowest...

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