AIG takes the second place in the world of real estate and insurance against accidents. There is AIG from 1919 onwards and is a holding company controlling 44 subsidiaries in different countries of the world. All of the companies combined in 6 offices. In addition to insurance and reinsurance, the scope of activities of the company include financial services, retirement savings and asset management.
6.One of the leading widely diversified insurance companies United States "SIGNA" was founded in the year 1982. The main interests of the Corporation relate to insurance of property and responsibility. Several subsidiaries engaged in brokerage, pension and personal insurance. They operate in 160 countries. CIGNA Corporation is one of the pioneers in the use of computer technology in the international insurance operations, on the basis of which developed and implemented an automated system in many countries "Meridian", allows you to simplify and automate the registration of insurance claims and accounts.
7.One of the largest TNCS property insurance Corporation All State Insurance Carrier, founded in 1931. The business enters into various types of insurance: from accidents, automobile accidents, floods, fires, earthquakes, insures passengers, etc. Owned 15 subsidiaries.
Still one of the largest insurance groups in United States-Continental Corporation, was founded in the year 1853. Provides insurance services in almost 100 countries around the world. Specializes in reinsurance and transport insurance.
The largest TNCS on life insurance will be the Prudential Insurer of America, founded in the year 1873. Diverse types of contracts of insurance: individual and collective (Group) insurance, standard life insurance, insurance against death with a lifetime of contributions, insurance with the participation in the profits of the company, pension insurance, medical expenses, etc.
8.In the United States is widely used electronic data bank on all insurance companies, it gives the opportunity to distribute company at risk, size of bonuses, etc.
Large companies life insurance United States take in managing multi-billion dollar funds belonging to various pension funds. The challenge in this case insurance companies-through sound investment policies to protect and gain trusted funds. For the management of these funds, the insurance companies charge a fee in the amount of 0.1% of the commitments made in the management of the sums that brings millions of dollars in revenue.
Investments are crucial to American societies to preserve life. Huge investment resources makes insurance companies in one of the most influential external financial control centres in relation to industrial corporations.
9
1.3 regulation of insurance business. Analysis of anti-crisis measures in the regulation
In the United States there is a special legislative regulation of insurance business. The fact of the matter is that each State has its own insurance legislation and its regulatory authority (supervision). A single federal law on insurance and a single federal body to oversee the insurance no. Each State imposes its minimum capital requirements, types of proposed insurance, audits, controlled by insurance companies, carries out general regulation of insurance activity through the issuance of licences to brokers, agents and insurance companies.
10.Insurance supervisory bodies in the United States focus their attention on the financial stability of insurance companies. In particular, the practice of insurance monitoring and auditing services, you can use a specialized system of indicators for the financial analysis of the insurance operations.
Indicators of this kind are the coefficients as well as their dynamics. Each indicator inherent maximum and minimum allowable limits defined by legislation based on long-term observations of activities financially sustainable companies as well as companies that have ever experienced financial difficulties, but were not recognized as bankrupt.
A total of eleven factors. The main factors are: the ratio of premiums and net profits, driving premiums, reinsurance net profit ratio to total net profit, the two-year total operating ratio.
If the value of three of the eleven factors is beyond the allowable, then the company must be taken under the special supervision of insurance supervision. Every year 5% of insurers were subjected to scrutiny by the relevant State departments.
11.Along with "routine" checks by the supervisory authorities, insurance companies every year to voluntarily provide them with special reports, which contain absolutely all indicators characterizing activities of insurers, including calculations of eleven test ratios. Insurance supervisory authorities conduct computer testing data and individual interview with the management of the company. It should be noted that participation in the system of such oversight entirely voluntarily, i.e. If the Supreme management body of the company agreed to be involved in the system of financial supervision, the insurance oversight remains only publish specific lists such companies together with the reasons for their refusal to participate in the system of State control.
Employees of the Department of audit and financial analysis for the National Association of insurance supervision annually analyze the values of the coefficients of all insurance companies of the United States. This procedure was introduced for the first time in the year 1977. A comparative analysis of the activity of the companies, which have four or more values of the coefficients beyond allowable in the current year, and companies recognized financially unsustainable in previous years. Currently, the increase in cycles of a macroeconomic nature (in the insurance case is so-called "soft" and "hard" markets) are exposed to careful check those companies that have two or more values of the coefficients are beyond the limit. Financial analyst following the link between computer testing classifies all types of companies-"immediate control" or "requiring sampling"-indicating the main link between the analysis. There are cases when the insurance company four or more values of the coefficients are found outside the defined laws, but financial analyst does not require intervention by financial supervision authorities. In this case, specify the reasons for such decisions.
12.Not all companies adverse test results may be deemed financially unstable. Some of them are prone to overrunning trends of previous years, which may have an impact on the value of current coefficients. Others use unusual accounting methods (known in the United States there is no hardcoded law accounting methods), which can also affect the values of the coefficients.
The elements used in the United States regulation of insurance activity information system IRIS (Insupance Regulatoy Information System) constitute a coherent chain indicators, harakteriziruûŝih and disclosing key financial results of the activities of insurance companies.
Despite the fact that the United States is the largest insurance market in the world, with the advent of the economic crisis in the insurance business appeared and a number of problems. View some of them.
During the crisis, many insurance companies were in danger of bankruptcy. The exception does not become and AIG. The Government of the United States took a decision on the allocation of insurance giant credit of $ 85 billion. dollars, in return for which the State will be transferred to 79.9% stake in the insurance company. This is expected to save the company from bankruptcy.
13.In addition to problems in insurance related to the financial crisis at the beginning of the 2009 year, the scandal in connection with the payment of generous bonuses extremely many employees. In the face of the ongoing crisis this fact caused indignation of the American public and politicians. According to initial reports, the company paid its employees 165 million. of dollars in prizes and bonuses. In response, the United States Congress passed a law under which each recipient of these awards should be subjected to taxation in amount of 90% of the bonus.
Insurance companies are experiencing a spectacular share price collapse amid the financial crisis. They seek to compensate for the effects of the financial crisis, what with the January 2009 year increased rates on insurance.
6.One of the leading widely diversified insurance companies United States "SIGNA" was founded in the year 1982. The main interests of the Corporation relate to insurance of property and responsibility. Several subsidiaries engaged in brokerage, pension and personal insurance. They operate in 160 countries. CIGNA Corporation is one of the pioneers in the use of computer technology in the international insurance operations, on the basis of which developed and implemented an automated system in many countries "Meridian", allows you to simplify and automate the registration of insurance claims and accounts.7.One of the largest TNCS property insurance Corporation All State Insurance Carrier, founded in 1931. The business enters into various types of insurance: from accidents, automobile accidents, floods, fires, earthquakes, insures passengers, etc. Owned 15 subsidiaries.
Still one of the largest insurance groups in United States-Continental Corporation, was founded in the year 1853. Provides insurance services in almost 100 countries around the world. Specializes in reinsurance and transport insurance.
The largest TNCS on life insurance will be the Prudential Insurer of America, founded in the year 1873. Diverse types of contracts of insurance: individual and collective (Group) insurance, standard life insurance, insurance against death with a lifetime of contributions, insurance with the participation in the profits of the company, pension insurance, medical expenses, etc.
8.In the United States is widely used electronic data bank on all insurance companies, it gives the opportunity to distribute company at risk, size of bonuses, etc.
Large companies life insurance United States take in managing multi-billion dollar funds belonging to various pension funds. The challenge in this case insurance companies-through sound investment policies to protect and gain trusted funds. For the management of these funds, the insurance companies charge a fee in the amount of 0.1% of the commitments made in the management of the sums that brings millions of dollars in revenue.
Investments are crucial to American societies to preserve life. Huge investment resources makes insurance companies in one of the most influential external financial control centres in relation to industrial corporations.
9
1.3 regulation of insurance business. Analysis of anti-crisis measures in the regulation
In the United States there is a special legislative regulation of insurance business. The fact of the matter is that each State has its own insurance legislation and its regulatory authority (supervision). A single federal law on insurance and a single federal body to oversee the insurance no. Each State imposes its minimum capital requirements, types of proposed insurance, audits, controlled by insurance companies, carries out general regulation of insurance activity through the issuance of licences to brokers, agents and insurance companies.
10.Insurance supervisory bodies in the United States focus their attention on the financial stability of insurance companies. In particular, the practice of insurance monitoring and auditing services, you can use a specialized system of indicators for the financial analysis of the insurance operations.
Indicators of this kind are the coefficients as well as their dynamics. Each indicator inherent maximum and minimum allowable limits defined by legislation based on long-term observations of activities financially sustainable companies as well as companies that have ever experienced financial difficulties, but were not recognized as bankrupt.
A total of eleven factors. The main factors are: the ratio of premiums and net profits, driving premiums, reinsurance net profit ratio to total net profit, the two-year total operating ratio.
If the value of three of the eleven factors is beyond the allowable, then the company must be taken under the special supervision of insurance supervision. Every year 5% of insurers were subjected to scrutiny by the relevant State departments.
11.Along with "routine" checks by the supervisory authorities, insurance companies every year to voluntarily provide them with special reports, which contain absolutely all indicators characterizing activities of insurers, including calculations of eleven test ratios. Insurance supervisory authorities conduct computer testing data and individual interview with the management of the company. It should be noted that participation in the system of such oversight entirely voluntarily, i.e. If the Supreme management body of the company agreed to be involved in the system of financial supervision, the insurance oversight remains only publish specific lists such companies together with the reasons for their refusal to participate in the system of State control.
Employees of the Department of audit and financial analysis for the National Association of insurance supervision annually analyze the values of the coefficients of all insurance companies of the United States. This procedure was introduced for the first time in the year 1977. A comparative analysis of the activity of the companies, which have four or more values of the coefficients beyond allowable in the current year, and companies recognized financially unsustainable in previous years. Currently, the increase in cycles of a macroeconomic nature (in the insurance case is so-called "soft" and "hard" markets) are exposed to careful check those companies that have two or more values of the coefficients are beyond the limit. Financial analyst following the link between computer testing classifies all types of companies-"immediate control" or "requiring sampling"-indicating the main link between the analysis. There are cases when the insurance company four or more values of the coefficients are found outside the defined laws, but financial analyst does not require intervention by financial supervision authorities. In this case, specify the reasons for such decisions.
12.Not all companies adverse test results may be deemed financially unstable. Some of them are prone to overrunning trends of previous years, which may have an impact on the value of current coefficients. Others use unusual accounting methods (known in the United States there is no hardcoded law accounting methods), which can also affect the values of the coefficients.
The elements used in the United States regulation of insurance activity information system IRIS (Insupance Regulatoy Information System) constitute a coherent chain indicators, harakteriziruûŝih and disclosing key financial results of the activities of insurance companies.
Despite the fact that the United States is the largest insurance market in the world, with the advent of the economic crisis in the insurance business appeared and a number of problems. View some of them.
During the crisis, many insurance companies were in danger of bankruptcy. The exception does not become and AIG. The Government of the United States took a decision on the allocation of insurance giant credit of $ 85 billion. dollars, in return for which the State will be transferred to 79.9% stake in the insurance company. This is expected to save the company from bankruptcy.
13.In addition to problems in insurance related to the financial crisis at the beginning of the 2009 year, the scandal in connection with the payment of generous bonuses extremely many employees. In the face of the ongoing crisis this fact caused indignation of the American public and politicians. According to initial reports, the company paid its employees 165 million. of dollars in prizes and bonuses. In response, the United States Congress passed a law under which each recipient of these awards should be subjected to taxation in amount of 90% of the bonus.
Insurance companies are experiencing a spectacular share price collapse amid the financial crisis. They seek to compensate for the effects of the financial crisis, what with the January 2009 year increased rates on insurance.
Insurance In The United States | Auto Insurance Quote | Part III
0 Response to "Insurance In The United States | Auto Insurance Quote | Part II"
Posting Komentar