Insurance or coverage is an agreement by which an insurer committing yourself to an insured, by receiving a premium, for the replacement of him due to a damage or loss of profits expected that might be suffered due to an event that no same.
Element – the essential elements contained in the definition of the second is:
Insurance is an agreement, the premium is a pre agreement, the insurer will give the turn to the insured, and not of the Kemungkinant or tidakpasti events
To legitimately required insurance 4 condition an agreement, namely:
Agreed they are tying himself to make an Alliance of know-how, A particular thing and one reason kosher
Insurance premiums or fees the insurance ber is a prerequisite the existence of contractually insurance, due to the absence of insurance premiums will not be there (No premium No insurance). In general the insurance premium is paid upfront but is usually given the deadline of payment (payment grace period).
Example: Standard Fire Policy In Indonesia and the Standard Policy of motor vehicles the deadline noted in the policy, namely each 30 days and 14 days, with the understanding that if the claims occur at the time the grace period although unpaid premiums, the insurer remains liable to pay claims.
So, in other words, insurance is a form of risk control is carried out by means of redirecting/transfer of risk from one party to the other party (in this case it is the insurance companies).
The notion that other insurance is a risk pelimpahan of the first party to the other party. In pelimpahan controlled by the rules of law and the introduction of principles and teachings that are universally embraced by the first party or another party.
In terms of Economics, insurance means a collection of funds that can be used to close or give compensation to people who suffered losses.
The following are some of the best insurance in the world:
ING Group is an insurance company that was established on January 21, 1991. Their main headquarters in Amsterdam, the Netherlands. The company has a paid staff of as many as 68431 people. Its CEO is Ralph Hamers. This company provides services such as life insurance, investments of non-residents, & banking as well as asset management. Be it asset for individual clients, on a small business, which the company had already advanced and major institutions and Government. They have some business segments such as Retail Belgium Germany, retail, retail, Retail Netherlands Rest of World, the Commercial Bank, the Netherlands Non-Life, insurance Europe, the Netherlands, the Japan life Life and investment management.
AXA Group is an insurance company that was founded in 1985. Their main headquarters there in Paris, France. AXA S.A. is a group company of investment, insurance and pension group. They offer many different types of insurance such as health and soul. Operations Center they exist in North America, Asia-Pacific, Western Europe and the Middle East. Around the world, they serve as many as 80 million customers. While the employees there were 96000 people. As for her namely CEO Henri de Castries. Based on Forbes, the Group of companies was ranked 29th in the Global 2000.
The company provides services that are divided into 5 segments: there are Savings soul, international insurance, asset management and Property Crash and banking.
Prudential is already quite old, because old stands of 30 may in 1848. As for their headquarters in London, United Kingdom. His CEO i.e. Cheick Thiam. They employ as many as 23915 employees.
Prudential PLC is the parent company, best in the field of insurance and financial services. They have an operations center in Asia, the United States and the United Kingdom. They offer that is in the form of asset management services, retail financial products and services IN the region. Retail financial products and services include retirement homes and annual allowances, insurance and collection scheme investment.
Prudential Corp. operates other business units such as Jackson National Life Insurance Co., Prudential Prudential UK Asian Cop. and M&G. Business units in the region include asset management business and life insurance operations.
AIG founded in 1919 by its founder Cornelius Vander Starr. Their main headquarters in New York. The company expanded its services in more than 130 countries with employees as much as 65000 people all over the world. Their CEO, namely Peter Hancock. AIG Inc. is a company that operates a global insurance. Their products namely include life insurance, retirement products, property insurance, accident insurance and other financial services pawn shops as well. The company is divided into two segments; AIG Life and AIG Retirement & Property Casualty.
The first segment is focused on life insurance services and guarantee pensions in the United States. They are also tied to the world's capital markets operations, operations assurance of pawn shops, book direct investment and other operations.
AIA Group Ltd. offers general insurance services. They operate several segments in Thailand, Singapore, Korea, Hong Kong, Malaysia, China and other markets. Another segment that is Corporate Center. This segment includes the services of a group together, corporate functions, certain internal reinsurance and eliminations of transactions intagrup.
AIA offers savings, investment, protection, retirement and the paycheck wealth management schemes for individuals. While in terms of business, AIA also offers credit insurance employee salaries and retirement services.
Allianz, their services include life and health insurance, asset management and insurance accident property, with approximately 83 million customers. Accident insurance for the property, Allianz is to occupy the top ranks. In addition, they also provide health insurance, pension funds, insurance plans motor-car insurance, home insurance and family. They serve large companies, medium and mid company and provides credit insurance as well.
United Health Group is divided in 4 segments; UnitedHealth care, OptumInsight, OptumHealth and OptumRx. UnitedHealth care segment includes UnitedHealth care medical care, UnitedHealth care Retirement & individuals and leadership and UnitedHealth care communities and countries.
PING AN is the parent company that has branches such as Ping An of China Life Insurance, Ping An insurance company of China overseas and Ping An investment company and Kepercayaam, Ping An insurance company of China property crash.
Segmen-segmennya i.e. life insurance, banking, Property and Accident Safety company.
China Life Insurance is starting to exist on 30 June 2003 with its headquarters which is in Beijing, China. Either the parent company or its branches so the largest commercial insurance company in China.
As for segmen-segmennya, namely Individual life insurance, Group life insurance and short term Insurance.
Berkshire Hathaway is an American multinational corporation based in Omaha, Nebraska, United States. They provide good service that reinsurance as well as its main base. The Group has companies like General Re, Berkshire Hathaway Primary Group, GEICO, and the Berkshire Hathaway Reinsurance Group.
