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Saturday 2 July 2011

What is Insurance

Introduction:
Insurance is a word to use as for Protection of your future. Life is full of happy and unhappy events. This is been introduced by Chinese in 1750 BC. Simply we can say that through this we can save our future by having uncertain loss of life that may be suffered your family.
Resources:
There are three types of resources like human resources, financial resources and capital or tangible resources.
1.       Human Resources:
The 1st resource is known as "exposures," because this is due to "exposed", these things or forces that cause destruction or reduction of an exposed resource. Human resources are illness or death.
2.       Financial Resources:
The 2nd resource is about to sure your financial investments. In life many ups and downs attached with our business so this could help you if you loss in your business.
Capital Resources:
3.       The 3rd resource is attached with our physical perils such as theft, windstorm, fire and vandalism. It is the major resource in insurance point of view. Thus perils and hazards are identified by the exposure like a slippery roadway could be viewed as a financial hazard, capital hazard, or human hazard by automobile owners.

Top 10 Insurance Companies of the World:

1.   American International Group Inc.

      Let me introduce the topper most insurance company in the world is American International Group Inc. (AIG), world wide leader in insurance and financial services and more than 130 countries leading international insurance organization with operations. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property, casualty and life insurance networks of any insurer. AIG companies are also giving opportunities to retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Paris and Tokyo.

2.  AXA Groups:

         Now let me introduce the 2nd topper most Insurance Company in world has established in 1980, AXA did not exist. After serving more than 20 years, the Group would grow day by day and become a major international player. The AXA has now successfully launched its external growth strategy, with the acquisition of Oyak's 50% stake in AXA Oyak, 2nd Turkish insurer, for 525 million dollars, and penetration of high growth potential markets, with the acquisition of 100% of the 3rd Mexican insurer, ING Seguros (for an amount of 1.5 billion dollars). Now AXA has been introduced in almost all over the major part of earth in geographically and diverse markets with operations concentrated in Europe, North America and Asia Pacific.

3.   The Allianz Group:

        At No. 3 Let me introduced The Allianz Group is one of the leading integrated financial services providers worldwide. With nearly 155,000 employees worldwide working to stand this company in the topper most position, the Allianz Group serves approximately 75 million customers in about 70 countries. On the insurance side, Allianz has got the market leader in the German market and also has a strong international presence.

4.   Manulife Financial:

       At No. 4 let me introduced the Manulife Financial is a leading Canadian based financial services group serving millions of customers in 22 countries and territories worldwide. They offer financial protection,  wealth management products and services to individual and group customers in Canada, the United States and Asia, these products and services include individual life insurance, group life and health insurance, long-term care services, pension products, annuities, mutual funds and banking products, also offering reinsurance services, specializing in life retrocession and property and casualty reinsurance and provide investment management services with respect to the Company’s general fund and segregated fund assets and to mutual funds and institutional customers.

5.   Generali Group:
        At No. 5 Let me introduced The Generali Group is one of the most significant participants in the global insurance and financial products market. The Group is leader in Italy and Assicurazioni Generali, founded in 1831 in Trieste, is the Group's Parent and principal operating Company. In recent years, the Generali Group has made a significant return to central eastern European markets and has set up offices in the principal markets of the Far East, among China and India.
6.  Prudential Financial, In.


           At No.6 Let me introduce the Prudential Financial Inc. a financial services leader with approximately $580 billion of Assets Under Management as of June 30, 2009, has operations in the United States, Asia, Europe and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping approximately 50 million individual and institutional customers grow and protect their wealth