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China 2011 Saw CNY1.43trn Original Insurance Premium

China’s insurance industry saw CNY 1.43 trillion total original insurance premium in 2011, a 1.3% year-on-year slip.

Of this, the original property insurance premium reached CNY 461.8 billion, increasing 18.54%, owing to the continuing booming commercial motor vehicle insurance, while the original life insurance premium was about CNY 972.1 billion, decreasing 8.57%, because of some factors such as the launching of new policy in bancassurance and Banks’ canvass for deposits.

The industry saw CNY 6.01 trillion total assets by the end of 2011, which increased 19.13% from the end of 2010. Of

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Tags: Insurance Premium, Original Insurance, Original Insurance Premium, Premium

How the Online World Has Modified Our Every Day Lifestyles

Looking for an appropriate insurance quote offline may be an extremely, very annoying process. Being on the phone for hours and hours, repeating the same information repeatedly to several agents and agents, simply to be told that you are in the wrong division after which getting transferred is extremely irritating. It is a time consuming process that requires persistence: something I certainly don’t have!

But, fortunately, the stone ages have passed. And so have the time where we had to battle to find cost-effective insurance rates without popping a vain. In today’s high-tech era, there is easier ways of getting things done. It has allowed us to locate inexpensive quotes simpler and faster than in the past. Read full post…

Life with a Great Dane

Continuing Decembers theme of dog and cat extremes, we asked Great Dane Embracer, Jahmila B. of Fort Collins, CO, to “tell us about life with your big boy, Ludo”.

As far as life with a giant breed dog….Its great! I decided to get a Great Dane because I have always loved giant breeds like Mastiffs, Danes and Irish Wolf Hounds. They have the perfect energy level for me and my life style and I think that is the most important thing to consider when getting a dog. I know I do not have the time or energy to exercise my dog for hours each day. With Ludo we go for a walk around the neighborhood and he usually lasts about twenty minutes before he wants to go home. He is very content with laying in his chair all day even though he has the opportunity to come to work with me at doggy daycare. Eve

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Tags: Dane, Great Dane

Guest Post: Chewbacca the cat teaches an expensive financial lesson

Nicole Fende helps her business clients reach their profit goals and learn how to effectively and enjoyably run the financial side of their business. She tell us here how she discovered that one small cat can become a costly member of the family, one that sneaks up on you and your finances one vet visit at a time.

Meet Chewbacca, the most expensive cat I’ve ever owned (or will own!). Chewbacca, or Chewie as we usually call him, was adopted as a kitten from a feral cat rescue organization. As responsible pet owners we did everything we thought we were supposed to do.

Chewie has all his shots, he’s been neutered, and he receives monthly doses of flea medication even though both he and our other cat don’t go outside.

Everything was great for six years. Chewi

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Tags: Financial, Financial Lesson

Claim Example: Tooth Fracture in a Golden Retriever

Continuing our focus on Pet Dental Health Month,heres aclaim for Corona, a 6 year old Golden Retriever living in Blackwood NJ, who cracked some of his teeth. Note that dental accidents are covered in the basic accident and illness policy. Dental illness is covered in the optional Dental Rewards coverage.

I dont know exactly how the accident happened, but poor Corona was also treated for anxiety as well.

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Tags: Golden Retriever, Retriever

Sino Life Insurance Mulls An Insurance Group

Sino life insurance Co. is expecting to grow into an insurance group that will operates property insurance, pension insurance and insurance sales units in addition to life insurance before launching an overall listing.

Sino Life Insurance, incorporated in March 2003, had CNY 56.6 billion total assets and CNY 50.679 billion liabilities as at November 30, 2011. It obtained CNY 22.21 billion premiums in the first 11 months of 2011, representing a year-on-year increase of 59.6%. Meanwhile, net profit totaled CNY 302 million.

The Shenzhen-headquartered life insurer takes it the top priority to build an insurance group, modeling on Ping An Insurance (Group) Company of China Limited, said a source.

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Tags: Group, Insurance Group, Life Insurance, Sino Life Insurance

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