Choosing a good insurance

Choosing a good insurance company that is not easy. Moreover, in the midst of tight competition among insurance companies such as now.
Many insurance companies claim they are the best. This can be seen that there are insurance products offered to the public through ads, which have nearly no less. Similarly, the performance that they do, the weight of the good only. Quite rare management insurance company said the weaknesses of their nature.

However, there are several factors that should be considered in the process of selecting an insurance company especially for life insurance and loss.

Things to keep in mind that in selecting an insurance company private, then that must be considered in general are three factors: First, financial strength (security). Second, the service (service). And third, the cost.

Financial strength of insurance companies concerning the financial ability to fulfill his promise if the situation requires. This important note, because not a few insurance companies that appear on the outside dressed. Gedungnya For example, the vehicle direksinya good-good. But when going from the customer claims, the company is not able to pay.


In assessing the strength of this there are several financial measurements that need to be.

Asset and liabilitasnya. This can be seen from the balance sheet of the report was announced in the newspaper. See also, whether the investment is planted on the current or longterm. In terms of liability (the ability discharge the obligation) will be visible on the balance sheet, how the debt reasuradur, how he fulfilled the obligation to pay claims, and so forth.
Indicators liability, among others, net equity (own capital) divided by net premium (premium net) at least 50%. Own capital divided by gross premium (gross premium) at least 20%. Quoting solvabilitasnya level, as seen from their own capital divided by net premiums at least 10% of investment funds and technical reserves divided by a minimum of 100%.

Underwriting Policy. At the balance sheet and annual report will be seen that fortunately still asuransinya, or profit growth. This means underwiting polcy its good.
Underwriter it. Asuransinya have staff qualified or not. It was known from the profile of the company that holds its underwriter.
Services (service) which is a mirror of human resources in the company is quality or not. Moreover, insurance companies are selling services, the service is the prime key. For example, the extent to which speed of service both in published policy especially in santunan payment or claim. In addition, the problem can actually be perceived by the customer. Is this insurance company is truly provide the best service for customers.

In this also is necessary, whether the insurance company on this mereasuransikan reinsurance security is first class. This can be seen from its annual reports. This is considered important, because if the company is not on - back up by reinsurance, the company is most likely a speculative premium in receiving.

The problem is the cost of the cost incurred by insurance companies in operation. If the cost is greater than income, then clearly the company is not efficient. If you are not efficient, then the edges will have a loss. And if the ongoing loss, certainly not healthy.

In this price can be also seen preminya. Compare the price of insurance premiums the same with the other insurance. Which is exactly the quality good.

Nowadays the government has set a standard measure health insurance (not the only one), namely through mekanime RBC (risk capital base). If the number of its RBC, this means the company is considered in good condition. But we can not simply be glued to the RBC number. For, can also happen the big companies are doing large-scale expansion to open as many branches, the number of RBC bound to small.

Conversely, there is a small insurance company but did not do the expansion, the number of RBC may be much greater.

Thus, the RBC can not be the only measure, the insurance company whether or not healthy.

In this case, which is also remarkable is the performance of the company in two or three years. How big profits earned each year, how much gross premiums they receive each year, how much additional capital and assets each year.

And that is not less important is how the behavior of the management company for this. Is there a management company for this broken promise? Have management experience TORT this company, and so forth.