Insurance Market in Vietnam is developing with the economy. With the flow of foreign investment, a number of foreign insurance companies were granted business licenses which has made a more competitive environment. As an organic part of the market, insurance brokers always play a extremely role in insurance market. However, the word “broker” for almost Vietnamese does not speak much for itself.
Followings are some analysis which will give an overview picture of a broker operation in the market and understand why they are indispensable.
Barbara has a BA (Hons) in Business and Management and is currently at the end of her
MSc in International Finance degree. Barbara started her career working as an intern for
the European Commission in Brussels, and then in 1999 she joined Datamonitor
Financial Services department as an analyst. Barbara's work at Datamonitor involved
various projects and reports, including the FinTab project, where she helped to develop
an online data resource covering the insurance, banking, investments and payment cards
sectors. Barbara also authored a number of reports......
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This book was set in 10/12 Cheltenham Light by Aptara, Corp. and printed and bound by R. R. Donnelley & Sons, Inc.
Financial and insurance markets always operate under various types of uncertainties
that can affect nancial positions of companies and individuals. In nancial and
insurance theories these uncertainties are usually referred to as risks. Given certain
states of the market, and the economy in general, one can talk about risk exposure.
Any economic activities of individuals, companies and public establishments aiming
for wealth accumulation assume studying risk exposure. The sequence of the corresponding
actions over some period of time forms the process of risk management.
Everything You Need To Know About Online Annuity Marketing
By: Jason Hornung – President Jason Hornung Agency, Inc. Below you will find the transcript from a coaching call I did with my client Robert Eldridge, who is an agent in Las Vegas, on 7-19-2012 where we discuss his annuity marketing system that he currently had online. We also went into detail about how get him set up using my Agent's Lead Machine Internet Marketing Mastery program to accomplish his online insurance marketing goals. If you'd like to build out your own system for annuity marketing or any other type of insurance...
In this article, you are going to discover some things about insurance marketing on the internet that you won't hear anywhere else. And you'll see exactly why these things will prevent you from ever being successful marketing for insurance online. So buckle up tight and prepare for the ride partner...
“For anyone who has had a great service or product, you learn painfully fast that it’s the marketing that
makes it viable. This book is a great ‘how to’ in making marketing easier and more engaging than you
thought possible. I have been a client of ebb associates for years and have personally experienced these
‘tips.’ The actionable tips in this book make ebb stand out from the crowd.”
—Shirley Krsinich, executive and management talent consultant, American Family Insurance
This publication consists of six parts. The first part is intended to provide readers with an
overview of the insurance sector from the perspective of developing countries. It
considers developing country shares in the global insurance market, regulatory and trade
liberalization issues that developing countries are faced with as well as suggestions as to
how developing countries can identify areas of competence within the insurance services
Distance-based pricing can help achieve equity objectives. Since annual vehicle mileage
tends to increase with income, fixed-price insurance causes lower-income motorists to
subsidize the insurance costs of higher-income motorists within their rate class.
Distance-based insurance pricing provides overall savings to lower-income motorists,
and would allow some low-income households to own a vehicle for basic mobility that
they cannot currently afford.
Distance-based pricing lets motorists save money by reducing mileage, an option that is
One finds that there is a positive correlation between a country’s level of development
and insurance coverage. Developed countries tend to have better developed and well-
functioning insurance services sectors both domestically and in terms of insurance exports,
as compared to developing countries. This is perhaps most evident when one compares
the share of industrialized countries in the world insurance markets, which in 2004 stood
at 88.5 per cent as compared with 11.4 per cent for emerging markets, the majority of
which are developing countries.
The Terrorism Risk Insurance Extension Act of 2005 requires the President’s
Working Group on Financial Markets (PWG) to perform an analysis regarding the long-
term availability and affordability of insurance for terrorism risk, including group life
coverage; and coverage for chemical, nuclear, biological, and radiological events; and to
submit a report of its findings to Congress by September 30, 2006.
Some analysts have wondered why uninsured people would purchase health insurance as the result of a mandate (Cassidy, 2010; Kling, 2010). After all, for many people the penalty would cost less (at least in the very short-term) than a policy. Health insurance mandates differ from some other requirements, such as the requirement to pay taxes: In exchange for compliance, enrollees individually receive a tangible good—health insurance—that they value.
Health economics provides a framework for considering how changes in the price of health insurance affect coverage.
A third area is the role of regulation frameworks. The importance of setting in place
efficient regulatory structures as a prerequisite to the efficient operation of the insurance
sector and particularly in the context of insurance liberalization and an evolving global
insurance sector is essential. Emerging trends in the global insurance market particularly
those relating to technology, newer financial products and corporate failures have
underscored the value of regulation in the insurance sector.
The second part of the book is focused on developments in the global insurance market. It
essentially considers global market trends in the insurance sector in terms of the
challenges posed by market trends, regulatory convergence and changes in the
technological and corporate landscape. It benefits from submissions made by John Cooke,
Chairman of the Financial Leaders Working Group, Chris Gentle Global Director
(Research), Financial Services, Deloitte & Touche, Patrizia Baur of Swiss Re and J.F.
Outreville of UNCTAD.
The sixth and last part of the book, considers developments at the international level
within the context of the World Trade Organization (WTO). It sets out the current state-
of-play within WTO and alternate modalities for scheduling WTO commitments within
the insurance sector, and ends with the chairman’s summary of the meeting which
encapsulates discussions in all areas but focuses on the impact of insurance liberalization
on developing countries.
This paper gives an overview of the global insurance market and emerging trends; the
importance of the insurance sector for economic development; the significance and
elements of an effective regulatory framework; development issues arising from
insurance services liberalization; the importance of insurance as a public good; and the
implications of GATS negotiations for the insurance sector and areas of potential export
interest for developing countries.
A more specialised health care insurance market – private long-term care (LTC) insurance – is
absent or very limited in countries with comprehensive public long-term care benefits, such as in
Scandinavia, the Netherlands, Japan and Luxembourg. In Germany, LTC cover is statutory for every
The prominence of private health insurance has been buttressed by government interventions
directed at PHI markets in several OECD health systems, although the effectiveness of policies aimed at
increasing market size and fostering outcome quality has differed widely. Australia, Ireland, the
Netherlands, Germany, Switzerland and the United States have promoted and maintained a large and
viable private health insurance market because policy makers have concluded that mixed public-private
coverage systems can better deliver desired health policy and social outcomes.
In the last decade, there has been increased recognition of
the importance of addressing noncommunicable diseases
(NCDs). The Global Strategy on Diet, Physical Activity and
Health (2) and the subsequent 2008–2013 Action Plan
for the Global Strategy for the Prevention and Control of
Noncommunicable Diseases (3) set out a strategy to tackle
NCDs. Highlighting the importance of addressing food
marketing to children was part of this plan.