INTERNATIONAL INSURANCE

Tips on how to choose an insurance company so you will not regret later. 

There are several criteria you should consider before you join the insurance company include: 

1. Reinsurance 

Reinsurance can be defined as insurance companies insurance company. This means that the insurance company in its operations, to reduce the risk that could happen to him, also insuring the risk to other insurance companies. Usually larger company. So consider this, ask if the insurance company that you will take have a reinsurance company. It's important when something unexpected happens to the insurance company of your choice, there are other companies that had reinsurance companies that guarantee the continuity of both the protection of your rights and obligations of your premium payments. It's also important you have to know the management company so that if anything happens, you can still get information.

2. Age

Tips on how to choose the insurance company is the age of those companies. 

"The older age should be more mature person." Age should be recognized quite influential An insurance company that is older than the other companies, could mean that the insurance company has a strong enough capital so that up with a fairly high age still exist. It also describes how to manage the fund management clients. With the older the age, may mean that the company is able to optimally manage the funds. Whether it's to get the results for corporate development and risk management are scalable to ensure customers' rights. Because the logic of it, where perhaps he can last longer if you can not manage its finances well. 

3. Finance

Financial companies including a major factor on how to choose an insurance company. In banking we are very unfamiliar with the measurement of bank health that his name CAR. And the financial soundness of insurance used to be measured by the RBC or Risk Based Capital. RBC levels that could be considered healthy when the RBC is greater than 120%. But of course, the greater must be the better. Compare this in choosing an insurance company because RBC is a portrait of how the company manages its finances well and safely as possible. Because it must be remembered, if we take out insurance then we will talk about long-term contracts. 

4. Customer 

The fourth thing that can be used as a reference on how to choose an insurance company is the customer. Estimating how much the customer base they still have? Its size is that more customers the better was the insurance company. Why is that? because of the increasing number of customers will show how the level of service that has made the company. It can mean how attention to customers, ease of claims and of course the security of the entrusted funds. 

5. Complaints 

In addition to how to choose an insurance company, maybe it can do. Always cross check to the outside of the plan of your choice. The main parties should you contact the customer if possible, to link third parties such as banks or hospitals if it is health insurance, and did not rule it's good of you to ask your independent financial planner. For it is better to receive input from many sides than from one side, especially when one side only of the company. 

Or if you want easy how to choose an insurance company, look at just how many customer complaints that carried them in the mass media in the last 6 months. Because of the many people who normally complain, about 20% is usually expressed in the mass media be it newspapers or the internet. Today I typed keyword + insurance complaints, then I get is more than 5000 articles that contain the word insurance + of consumer complaints against insurance companies. So do not be lazy to compare. 

 Finally, just as the selection of other goods or services, you all should have a solid foundation in making choices. The main one is indeed always choose products that suit your needs. But that was not enough. Minimal compared to 5 of the above as a reason for how to choose an insurance company.