Choose a car insurance is not easy. Especially in the midst of stiff competition today. Almost all insurers have vehicle insurance products. Bo potential customers to choose one that is sustainable. Therefore, we present below some criteria so that nothing wrong in choosing:
- Potential customers do not dwell on the cheap premium rates. Because in today's competition, the prices of many insurance companies Slam, offers first class fares. Although not necessarily a guarantee of service.
- See the insurance package they offer. For example, the number of extended warranties. Therefore, extended warranties should be set to desire and the ability of potential customers.
- See also the network of insurance companies involved. For example, how many branches or how many partners have a garage, so there is an obligation not to wait long to repair the vehicle or vehicles missing.
- We could ask the ease of installation in the first place, or what added value can be obtained on the purchase of politics in society. For example, if the crane, a replacement vehicle or telephone service, mechanical services, ambulances, etc.. And last but not least is easy to make changes and the facility in question.
- Consider also the bonafide insurance company. It is not a claim, the workshop has no partners. Therefore, many insurance companies say they are the best. While the economic situation was very serious.
In addition to the above, there are several factors that should be taken into consideration in the selection process to choose the insurance company included in the product. What to remember to choose a private insurance company, then that should be considered in general by three factors.
First, the financial strength (safety). Second, the service. And thirdly, the cost or burden. The financial strength of insurance related to the company's financial capacity to fulfill its promise, if the situation requires. Is important to know because insurance companies are not looking for a little off the plate. For example, floors, a good vehicle for directors. But when there are complaints from customers, the company can not pay.
In assessing the financial soundness of these has a set of reference points that need attention.
- The assets and liabilities. This can be seen the balance sheet is published in the newspaper. See also, if the investment is planted in the current term or long term. In terms of accountability (the ability to pay liabilities) will address the balance, as the debts of the reinsurer, the way it has fulfilled its obligation to pay claims, and so on. The indicators include net capital liabilities divided by net premiums of 50%. The capital is divided into the gross premiums of 20%. Limiting the level of solvency that look of its own capital divided by net premiums of 10% and reserve fund investment technique, divided by a minimum of 100%.
- Underwriting policy. On the balance sheet and annual report will be seen that insurance is always a surplus or profit growth. This policy means that the drawing was good.
- The Underwriters. Insurance is a qualified or not. He knows the business profile that includes subscribers.
Services reflects the degree to which the company human resources qualified or not. In addition, insurance companies are selling a service, so excellent service is the key. For example, since the speed of service, both in the political issue, especially in the payment of compensation or claim. Additionally, the service can really feel for the client. Is the insurance company was absolutely the best service to its customers.
In this regard, we also must consider whether the insurance company for reinsurance of reinsurance in the security class. This is shown in the annual report. It is important to note, because if the company is not compatible with the reinsurance, the company is likely to be speculative in the receipt of premiums.
The question is how much of the cost of insurance operations. If greater than income, so obviously the company is inefficient. If not effective, it will end up losing money. And if you continue to lose, certainly not healthy. In this context, could also see a premium price. Compare the price of insurance premiums with other insurance companies. If the quality is really good.
Today, the government has set a benchmark for health insurance (not only) through the mechanism of RBC (increase of capital base). If the number of RBC was great, it means that the company is valued in good condition. But we should not be obsessed only with RBC numbers. Therefore, it could also be a large company that makes great expansion, to open branches as many RBC numbers would be low. Conversely, there is a small insurance company, but never to expand, the number of RBC were probably much more.
Therefore, the number of red blood cells can not be used as the sole measure of whether the insurance company is healthy or not. In this case, is the remarkable performance of the company in two or three years. How big profits every year, the number of gross premiums received each year, the amount of additional capital and resources each year. And last but not least is how the behavior of company management during this period. Is there a management company of this promise? Has this company with default management experience and many others.
