An Agora Times report on the Indian Insurance Industry 2010

October 30th, 2022 by admin No comments »

In this article we discuss the Indian insurance market and the trends that will help companies in the United States evaluate how they can leverage from this untapped market.

The research has been conducted by the VA consulting team working with inputs from several insurance leaders in the Indian market that have worked with early entrants like Met Life,Guest Posting Zurich, ICICI and others.

Background to the Indian economy

Ever since the economy was opened up in 20 years ago India has been growing as an economy at nearly double digits.

As the working middle class becomes a sizable number the insurance industry has started growing at an incredible rate. It has grown over 200% since 2006. Even last year that insurance industry has grown by over 45%. Analysts predict the industry is going to grow at least 10% in 2010 to become a $42Billion industry. Even with this growth rate only 5% of the country is actually covered by any form of insurance.

The research has been conducted by the VA consulting team working with inputs from several insurance leaders in the Indian market that have worked with early entrants like Met Life, Zurich, ICICI and others.

There are insurance governing bodies have been formed and governing bodies have brought about a number of changes to standardize the insurance sector but more changes are expected especially in the personal and life area.

There are many factors to probe into as an investor or venturing into the Indian market. Our guidance to companies that are interested in entering the Indian market is:

The consumers as well as the investors should be focusing on the insurer’s financial strength and capability to meet ongoing responsibilities to its policyholders.

Car Insurance When Driving in Canada

April 21st, 2022 by admin No comments »

For individual American drivers, the only requirement is that we checked with our insurance companies to find out if they are willing to cover us in Canada. Insurance companies do have the right to reject that sort of coverage, though they very rarely do. If you can’t find the information in your policy documents you can always contact your representative and ask directly.

Knowing Your Limits

The one thing to pay attention to if you’re driving in Canada is the fact that limits remain the same. For example, if you purchased cheap car insurance that provides liability coverage only, that’s all it will provide during your drive through Canada. If you should cause an accident that results in civil litigation against you, your policy will only pay up to its stated limits. Any other liability the court lays on you will have to be paid out of your own financial resources.

Likewise, how another driver’s insurance covers you in terms of liability issues will be governed by Canadian law, not U.S. law. If you’re at all concerned about this take the time to review and understand Canadian traffic law before you begin your travels. It may be appropriate for you to purchase a little bit of extra travel insurance if your circumstances warrant.

Length of Stay

When you do visit Canada make sure you understand their laws regarding your status as a visitor. According to Citizenship and Immigration Canada, you may travel in that country as an American tourist for up to six months without any problem. You must leave Canada before the expiration of those six months to avoid violating the law. If you remain after the six month point you are then in Canada illegally and your insurance policy is no good.

Under certain circumstances you might be able to file the necessary paperwork to extend your stay in Canada. But Canadian government suggests you make application at least 30 days out from the expiration of your six month visitor period. If you can file sooner, that’s all the better. If your stay is precipitated by anything other than tourism you should also contact your car insurance company to find out where they stand. They may not be willing to cover you under your current policy if the purpose of your stay is to study or work.

Extra Travel Coverage

Should you decide that extra coverage is needed you can find pretty cheap car insurance from a company that specializes in travel insurance. Check with your current insurance provider first to see what kind of deal they are offering, but then check with some specialty travel insurance companies as well. Sometimes they will give you a better rate and include things like roadside assistance, lost luggage protection, short-term medical, and so on.

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How Your Business Is Perceived By Using Reputation Management

March 18th, 2022 by admin No comments »

Is it true that you are keen on finding out about dealing with your standing? Have you been searching for accommodating and solid data? Indeed, this article will ensure you get a few strong ideas. It will assist you with sorting out some way to more readily deal with your standing.

Posting data via online media locales is essential to your business’ standing. You should post a few times each week at any rate to actually run an advertising effort. Assuming you see that posting via online media locales is overpowering, consider recruiting an aide to make your posts for you.

At the point when individuals invest in some opportunity to offer something about your business, it is vital that you are sufficiently gracious to answer. While you might be an extremely bustling individual, it shows your crowd that you really care about them and what they need to say. This is imperative to keep a consistent client base.

At the point when you talk with your crowd, ensure that you do as such in a conversational tone. Individuals try to avoid the possibility of entrepreneurs continuously addressing them with promoting to them. While you would like to make a deal, you ought to never cause a client to feel like this is your main concern.

Be grateful. Assuming somebody leaves a decent audit about your organization, send them an individual message and express gratitude toward them for their criticism. On the off chance that conceivable, send your client a coupon for a specific percent off on their next buy as a much obliged. In the event that this is preposterous, earnestly say thanks to them for their input.

Assuming you will utilize anybody’s thoughts, you ought to constantly make a point to give them credit for that. Everybody out there can advance a little from others, so giving due credit will show individuals that you don’t think you are over that. This is an extraordinary method for getting their appreciation.