High Quality Content by WIKIPEDIA articles! The Uganda Insurance Commission was established by an Act of Parliament in 1996. According to its website, the mandate of the commission is "to supervise and regulate the insurance industry in Uganda." Commission offices are located in Kampala, the position of Commissioner of Insurance is currently vacant. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance, an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
Do your clients have any idea of what they can/should spend in retirement? Do they know what they need to do to optimize their retirement spending? How can you protect a spouse from the drop in social security if a client dies early? Why is it likely that buying insurance or buying a fixed annuity can dramatically increase the level of your client’s spending—even if your customer is already retired? What if you could show your client exactly what the impact would be and at what level they would need to buy to achieve a certain level of spending? How can buying a fixed annuity be a hedge against term life expiration and what level is required? When should your client start taking social security? What can your client spend now and how much can that improve if they purchase insurance or an annuity from you? All these questions and more are answered in this book and in the free software that accompanies this book. The software, though more complex than most end users would care to learn, offers you the opportunity to load in customer financial data and give them results that will calculate various options. The amazing and counter-intuitive part is that it is highly likely that most individuals can see their monthly spending capability go up dramatically by buying insurance and/or buying a fixed annuity and the software enables you to zero in on the desired level. Even though life insurance is an old, established financial product, and annuities are even older, there is one enormous market that has been overlooked: the market for additional retirement funds for a surviving spouse and replacement of Social Security payments that are lost after the death of a spouse. This book explains how to address this market, and includes instructions and a license for software that illustrates how insurance and annuities can increase sustainable spending in retirement. Most people have no idea how much they can really spend in retirement. Many are living frugal lives spending their social security while "saving for a rainy day". They buy life insurance in batches of tens thousands of dollars because it sounds good or what they think they can afford. Almost no one would believe that buying "expensive" life insurance after age 60 actually can free them to spend MUCH more on a monthly basis. Furthermore, no one is looking at an optimum return on the investment based on a certain level of potential spending. Until now. This book, and the accompanying software enable you, the life agent, to input the customer data and come up with a plan for your customer and provide proof that the plan will work for them. The book explains what goes into making these calculations, why they work the way they do and gives various case studies that quite often show that buying term insurance or buying an annuity after retirement can be great investments for them. We think your customers will be convinced. There are detailed instructions as to use of the software that accompanies the book with built in case studies that you can use. But even more importantly, you can input a customer’s data and provide them with options and actually show them the benefits or give them the solutions that they would otherwise not know exist. These solutions will be invaluable to your business and offer you a distinct advantage over competition that are not selling in this manner.
The key objective of this study is to identify the main obstacles or variables that affect the implementation of micro insurance programs, with special attention to the self-employment sector in Sri Lanka. As it can be seen, a large number of self-employees join community-based organizations in rural areas. Therefore, this study was carried out via SANASA cooperative societies based in rural communities in 16 districts all over the island. The network of SANASA cooperative societies is the largest cooperative network in rural areas representing more than 17% of Sri Lankan population inclusive of their family members. Many factors have been identified as the barriers for implementing micro insurance programs. All these factors have a great impact on successful implementation of micro insurance programs for lower income groups. Among these causes, willingness to pay/buy insurance, affordability, accessibility and consumer trust on insurance were selected as the key variables to carry out this study.
High Quality Content by WIKIPEDIA articles! The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. The FDIC insures deposits at 8,195 institutions. The FDIC also examines and supervises certain financial institutions for safety and soundness, performs certain consumer-protection functions, and manages banks in receiverships (failed banks).Insured institutions are required to place signs at their place of business stating that "deposits are backed by the full faith and credit of the United States Government."Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure.
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Merchants Insurance Group, a regional property and casualty insurance company headquartered in Buffalo, New York, has been offering financial protection to individuals and businessowners since 1918. The company provides commercial and personal property and casualty insurance throughout the Northeast and North Central United States. The company has regional offices in Hauppauge, New York, Manchester, New Hampshire, Moorestown, New Jersey and Dublin, Ohio.
This book is primarily about Fraud Perpetration and how it affects the insurance business. Insurance Executives should pay attention to the nature of fraud and its impact on the growth and development of the economy. Insurance as a risk transfer mechanism helps remove uncertainty in the events of a loss. Fraud perpetration is two-edged sword cutting the insurance industry asunder by increasing premiums and causing bad public image for insurance professionals. Insurance misrepresentation has gone with the Insurance business for a long time taking different examples year in and year out. The level and results of extortion execution have raised concerns among industry players regarding the matter as of late. Fraud perpetration in insurance is a "cancer" in the heart of insurance professionals.
Disability insurance, often called disability income insurance, is a form of insurance that insures the beneficiary's earned income against the risk that disability will make working (and therefore earning) impossible. It includes paid sick leave, short-term disability benefits, and long-term disability benefits.
This book is about insurance law. Insurance is a system in which, one party, the insurer, against payment of a premium, promises the other party, the insured, the service if the aleatory risk becomes a reality. Security is one of man's ancestral needs. The history of insurance is however recent, because the first shape known for the insurance is the marine insurance which was born from the development of the maritime business in the Middle Ages, with the first loan in the shipping business. It established a mixture of speculation and insurance: the lending storekeeper was entitled to no refund in case of loss of the vessel (insurance aspect). But if this one came back from a long journey, he widely participated to the benefit of the operation (speculative aspect). The marine insurance really appeared when the speculative participation in profits disappeared. In case of a loss, the storekeeper only guaranteed the loss of the value of the vessel and its load, against the preliminary payment of a certain sum. Besides, the mathematical technique on which the insurance is based began to be elaborated only in the XVIIth century.
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities. It is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very difficult to predict and the potential liability enormous. For example the September 11, 2001 attacks resulted in an estimated $31.7 billion loss. This combination of uncertainty and potentially huge losses makes the setting of premiums a difficult matter. Most insurance companies therefore exclude terrorism from coverage in Casualty and Property insurance, or else require endorsements to provide coverage.
Die weltweit bekannte Lidschattenbase Shadow Insurance Original fixiert den Lidschatten und intensiviert die Farbe für einen langen, wasserfesten Halt, der weder verklumpt noch Streifen bildet
This book covers both theories and practices on Insurance in modern world. To discuss about insurance, this book contains eight separate chapters Introduction, Life insurance, Fire insurance, Marine insurance, Risk, Miscellaneous insurance, Insurance business in Bangladesh and American Life Insurance Company (ALICO)- A Case Study, Insurance contract (IFRS 3), Schedules from insurance act and problems on life and general insurance. The author believes that this book can be an ideal text book on insurance in modern world. It goes a long way to cover the demand of any syllabus of any modern, developed and top ranked university. Along with the theory and practices, it also covers related IFRS on insurance, Insurance act and practical mathematical problems on life and general insurances. Teachers are expected to take help from this book for their class room teaching and any sort of referencing. Students will be able to meet their thirst for knowledge on insurance and insurance business from studying the topics covered in this book. These topics will be helpful for answering questions at their examination.