Should Significant losses (Means)

GREETING INSURANCE

On the last occasion we have discussed two properties In order for a potential loss ( loss that may occur ) can be insured , on this occasion we will proceed to the third property in order to conform to the basic principles of insurance . The third trait is a disadvantage to be significant ( mean ) .
Losing something cause prolonged disappointment . Often times we forget to put pens , umbrella or sunglasses . In terms of financial loss like this can not be called very mean .
Replacing the pen , not something hard for most people . Such losses are usually not covered by insurance . Administrative costs for the small losses that will create the high cost of such protection , and not economical .
In contrast , some types of losses pose a heavy financial burden for most people . For example , if a worker was injured in an accident that causes the person can not work for a year , the risk of loss of income, including something important . The disadvantage of this kind is feasible insured .

GREETING INSURANCE


PREVIOUSLY

NEXT

DAMAGES MUST BE RESTRICTED

GREETING INSURANCE ,

Hi all bloggers , we met again in our website that explore more about the insurance . This time we are still discussing the nature of the basic principle of insurance that insurance can be insured possible damage . This time we will discuss the nature of the latter , namely the loss should be limited .Losses can be insured must be limited in terms of time and quantity . Insurance companies should be able to determine when and how much benefit payments to be paid . Death , disability and reach old age , is a condition that is commonly known . Therefore , the amount of economic loss arising from a state that is the basic principle of insurance .To set the amount of the payment at maturity , the insurance company uses two forms of agreements :

    1. Contract Value ( valued contract)
    2. Indemnity contract ( contract of indemnity )

The contract value is an agreement whereby the predetermined payment amount . In life insurance , the amount specified in the policy death benefit .Indemnity contract is an agreement santunannya amount based on the amount of actual financial losses , as determined at the time of the loss .This indemnity contract states that the amount of compensation based on the amount of financial loss or the maximum amount of compensation set forth in the policy , whichever is smaller. Because the policyholder can not claim that the number is higher than the value of the actual loss .


GREETING INSURANCE


NATURE OF INSURANCE

    1. Losses must contain uncertainty .
    2. Losses should be limited .
    3. Loss must be significant ( mean ) .
    4. The ratio of the loss must be predictable .
    5. Loss is not a disaster for the party

DAMAGES MUST CONTAIN UNCERTAINTY

INSURANCE GREETING,

To be worthy of potential insured losses, there must be an element of uncertainty. Loss must be caused by an unexpected incident or inadvertently committed by the insured. For example, most people do not know whether they will become disabled or unable to work due to accident or illness.

In this case, the insurance company may offer disability insurance to protect it from economic losses caused by the uncertain events. If life insurance is applying the harm principle states that death is a definite event occurred, but the exact date when the person's death, remains unknown.


INSURANCE GREETING


 
NATURE OF INSURANCE

     1. Losses must contain uncertainty.
     2. Losses should be limited.
     3. Loss must be significant (mean).
     4. The ratio of the loss must be predictable.
     5. Loss is not a disaster for the party.

INSURANCE PRINCIPLE

GREETING INSURANCE,

Welcome to the bloggers on this blog.

All insurance products are designed in accordance with the principles rests on the concept of economic loss. In order for a potential loss (loss that may occur) may be insured, it must have several properties, namely:

     - Losses must contain uncertainty.
     - Losses should be limited.
     - Loss must be significant (mean).
     - The ratio of the loss must be predictable.
     - Loss is not a disaster for the party.

The fifth basic principle is the basis of insurance business. Generally, the potential losses that do not bear the characteristics, deemed unfit to be insured, unless the existing deficiencies can be compensated for by other means.

GREETING INSURANCE.

NEXT --- ANTI SELECTION

BEFORE

ANTI SELECTION

INSURANCE GREETING ,
Welcome to the bloggers on this blog .This time we are still discussing about the continuation of the basic principles of insurance which is part of the basics of insurance . The discussion below will explain the anti-selection which are the things a person does to get insurance with a higher degree of risk .The second factor that must be considered by the person if the person pleads take insurance ( life or health ) is the possibility of anti-selection .Anti- selection , which is also called counter selection or selection against the insurer , refers to the tendency of larger insurers to enter or extend insurance for people with risk than average risk compared to those who are at average or increased risk small .For example, there is a tendency for people , because his life expectancy is shorter than average to buy insurance . It is found in people who are in poor health or have a dangerous job .If it does not take into account the possibility of anti-selection in researching form demand letter , the insurance company may menanngung such people in large numbers . Insurance companies will suffer losses far greater and paying death claims higher than expected when they set premiums .To reduce anti-selection result , the insurance company must investigate every application for insurance in order to identify and classify potential risioko level , or the likely size of the prospective insured losses from the soul .The process of identification and classification level of the prospective insured risk is called underwriting or risk selection , and the executor is responsible to evaluate the level of risk is called underwriters . The candidate with the possible loss of an average or less than average , so-called standard risk , subject to a premium standard .
INSURANCE GREETINGBEFOREinsurable interest

Anti Seleksi (Anti Selection)

SALAM ASURANSI,

Selamat datang para blogger di blog ini.
Kali ini kita masih membahas tentang lanjutan dari prinsip dasar asuransi yang merupakan bagian dari dasar-dasar asuransi. Pembahasan dibawah ini akan menjelaskan anti seleksi yang merupakan hal-hal yang dilakukan seseorang untuk mendapatkan asuransi dengan tingkat risiko yang lebih tinggi.

Faktor kedua yang harus dipertimbangkan oleh penanggung jika seseorang memohon ikut asuransi (jiwa atau kesehatan) adalah kemungkinan adanya anti seleksi. 

Anti Seleksi, yang juga disebut kontra seleksi atau seleksi berlawanan dengan penanggung, mengacu pada adanya kecenderungan yang lebih besar untuk masuk asuransi atau memperpanjang asuransinya bagi orang yang tingkat risikonya diatas rata-rata dibandingkan dengan mereka yang risikonya berada pada rata-rata atau risiko yang lebih kecil.

Misalnya saja, ada kecenderungan bagi orang, oleh karena harapan masa hidupnya lebih singkat dari rata-rata untuk membeli asuransi. Hal ini terdapat pada orang-orang yang kesehatannya buruk atau mempunyai pekerjaan yang berbahaya.

Apabila tidak memperhitungkan kemungkinan anti seleksi dalam meneliti formulir surat permintaan, perusahaan asuransi mungkin menanngung orang seperti itu dalam jumlah besar. Perusahaan asuransi akan menderita kerugian jauh lebih besar dan membayar klaim meninggal lebih tinggi daripada yang diperkirakan pada saat menetapkan jumlah premi.

Untuk mengurangi akibat anti seleksi, perusahaan asuransi harus menyelidiki setiap permohonan asuransi guna mengidentifikasi dan mengklasifikasikan tingkat risioko yang potensial, atau kemungkinan besarnya kerugian atas jiwa calon tertanggung.

Proses identifikasi dan klasifikasi tingkat risiko calon tertanggung ini disebut underwriting atau seleksi risiko, dan pelaksana yang bertanggung jawab mengevaluasi tingkat risiko disebut underwriter. Kepada calon dengan kemungkinan kerugian rata-rata atau kurang dari rata-rata, disebut risiko standar, dikenakan premi standar.

SALAM ASURANSI 

BEFORE
INSURABLE INTEREST

Insurable Interest

SALAM ASURANSI,

Selamat datang para blogger di blog ini.
Pembahasan kali ini merupakan lanjutan dari prinsip dasar asuransi yang merupakan bagian dari dasar-dasar asuransi. Pembahasan dibawah ini akan menjelaskan insurable interest merupakan bagian terpenting untuk menyatakan bahwa asuransi itu dapat dilakukan.

Perusahaan asuransi harus menilai setiap permintaan asuransi agar dapat memastikan bahwa yang bersangkutan dan calon penerima  santunan mempunyai hubungan insurable interest dalam hal terjadi kerugian potensial yaitu, orang itu akan menderita apabila peristiwa yang dipertanggungkan itu terjadi. 

Sebagai contoh, perusahaan asuransi harta benda tentu tidak akan menjual polisnya pada bukan pemilik gedung tersebut, karena orang tadi tidak akan menderita kerugian ekonomi andaikata gedung tersebut hancur rusak terbakar. Dalam asuransi barang, kepemilikan adalah satu cara mengetahui adanya insurable interest atas barang tersebut.

Sebelum membicarakan cara menentukan adanya insurable interest dalam asuransi jiwa, sungguh pentinga bagi anda untuk dapat membedakan antara pemohon asuransi, pemegang polis, tertanggung dan beneficiary. 

Pemohon adalah orang yang memohon polis asuransi. Sesudah permohonan disetujui, perusahaan asuransi mengeluarkan polis. Begitu pemohon menerima polis dan membayar premi pertama, pemohon tersebut menjadi pemegang polis.  

Tertanggung adalah orang yang jiwanya dilindungi dengan polis. Seringkali pemegang polis dan tertanggung adalah orang yang sama. Jika anda misalknya memohon asuransi untuk didiri sendiri dan polis diterbitkan, maka anda adalah pemegang polis sekaligus tertanggung. 

Namun jika ibu anda memohon asuransi atas jiwa anda dan diterbitkan polis, ibu anda adalah pemegang polis sedangkan anda tertanggung. Apabila tetanggung meninggal dalam masa asuransi, perusahaan asuransi membayar santunan, atau sisa sia hitungan lain dari polis tersebut. 

Beneficiary adalah orang atau beberapa orang, atau pihak lain yang ditunjuk oleh pemegang polis untuk menerima santunan.

Kita akan lanjutkan kembali dengan pembahasan berikutnya.

SALAM ASURANSI 

SIFAT ASURANSI

1. Terjadinya kerugian harus mengandung ketidakpastian.
2. Kerugian harus dibatasi.
3. Kerugian harus significant (berarti).
4. Rasio kerugian harus terprediksi.
5. Kerugian tidak bersifat bencana bagi penanggung.