The USA is the country with the most developed insurance market in the world. American insurance business has immense and unparalleled scales. American insurance monopolies control about 50% of the total insurance market in developed countries. More than 8000 property insurance companies and 2000 life insurance companies operate in the USA.
In Germany some types of insurance are mandatory: for example, health and vehicles insurance. The most important insurance for you to have in Germany is third-party private liability insurance. The essence of it is that the third party (insurance company) will be responsible for all losses you have caused in case of neglectful behaviour. German […]
Health Insurance in Germany for foreigners includes the same rules that are used for the residents. For an employee with a monthly salary of 4 050 euros an amount of payments for health insurance per month is equal to 15,5 per cent of the salary (which is about 628 euros). Apart from these payments, there […]
When you have bought a car in Germany and want to register it officially, the absolutely necessary premise for this is to get the vehicle insurance. Such Car insurance in Germany cost is obtainable. You should bear in mind that most banks and credit institutions require vehicle insurance before crediting you. Also, vehicle insurance in […]
In Australia you usually have four options for insuring your vehicle. Among them there are: compulsory third-party insurance, comprehensive insurance, fire&theft only and third party property only. Compulsory third-party insurance must be owned by every driver. Not having this insurance leads to detentions and is illegal. Such insurance provides cover in case of injuring other […]
Thousands of immigrants move to Canada each year attracted by high standards of social protection. Oftentimes immigration officials are faced with the fears of immigrants who, doubting the possibility of a rapid employment, express deep concerns about the lack of livelihood. In Canada you will always have some allowance to cover the most urgent needs […]
Car insurance in Canada is mandatory. If the policeman stops the car for any reason, you can be sure he will ask you for your car insurance. Penalty for its absence is $5,000. Size of the insurance payments depends on the insured sum, driver’s age and gender (women are considered to be more careful in […]
Insurance business in Canada in terms of capital involved in it holds the second place after the bank business. It is difficult to specify what sphere of human activity in Canada exists without insurance. The range of insurance services includes life insurance, medical insurance, insurance of disability, real estate insurance as well as insurance of […]
Running your own business has always been an attractive alternative to traditional employment in large corporations. Despite all undeniable advantages of private entrepreneurship you must also be well aware of all its underwater rocks. Any businessman encounters the need of suitable equipment sooner or later having to opt between the most efficient ways of its […]
Having a bad credit history many people abandon further attempts to receive a loan thinking it’s impossible. But as practice shows you can get a loan even with a bad history. A trick is to perform several clever steps and launch a process of rebuilding your credit. Below we will describe some smart methods that […]
Life insurance is an agreement between an insurance policy holder and an insurer according to which the insurer takes an obligation to pay a specified sum of money in case of the insured person’s death. Some contracts may specify not only death but also illness as an insured event. The contract obliges the insured person […]
Health insurance system in the USA is very developed and mainly of a private character. Decentralization, high level of insurance companies’ infrastructure and absence of government regulation are its distinguishing features. System of health insurance in the USA is based on mutual connections between central insurance fund and a network of independent local insurance companies. […]
Renters insurance is a fine option when you rent a common accommodation and are afraid of causing any harm to the property of your neighbors or having your possessions damaged. In case something unexpected and extraordinary happens you can end up with a heavy burden of damages to pay for. To avoid this unpleasant situation […]
When it comes to purchasing a homeowners insurance all people ask the same but very important question: how much am I to pay for it? To determine the exact amount of insurance premium you need to have a clear understanding of the factors that influence the process of premium determination. Let’s examine them briefly. 1. […]
Traveling is a pleasant adventure but very often unpredictable circumstances can spoil all impressions and, even worse, cause substantial financial expenditures. To avoid or at least diminish the uncertainty it’s always worth considering travel insurance option. A basic travel insurance includes such items as flight insurance,trip cancellation and interruption, evacuation, medical and baggage insurance. Additional […]
Home insurance is also known as homeowner’s insurance. It provides coverage of a personal accommodation. Within the framework of this insurance a set of losses is covered. They include damage that happens to the home itself, the belongings, the additional living expenses and the liability insurance for events that may occur inside the home or […]
The essence of liability insurance is the protection of the insured person from paying the losses made to the third parties. Liability insurance is very popular in the USA. Legislation concerning liability is deeply studied by American lawyers. Insurance professionals developed a so-called “doctrine of negligence” that allowed to define the terms used in the […]
Nowadays the opportunities provided by the Internet are widely used by the participants of financial services market. A number of services financial institutions provide through the web is constantly growing. Insurance companies also try to stay in touch with the latest achievements of the technological progress offering a service of online insurance. Online insurance is […]
Business Risks Definition A guiding principle of any enterprise in a market economy is the desire to obtain a greatest possible profit. However, such desire is limited by the possibility of incurring losses. In other words, the concept of business risk appears when it comes to the market success of the company. Identifying business risks […]
Global Risks 2019 That May Affect You Even If You’re Operating Nationally A main objective economic trend in the XXI century is the development of globalization in the world. This phenomenon is a characteristic feature of the entire world business system. Globalized economy reinforces old business risks and generates completely new ones. Individual national economies […]
The business model of insurance companies is based on getting an economic benefit from a broken insured transport. Insurance companies selling cars represent a relatively young business. It usually deals with private companies.