China warms to insurers

Article Abstract:

China is opening its insurance market to foreign companies as its citizens' need for insurance is growing due to their accumulation of private property, acquisition of automobiles and secure private income. The market is also characterized by an emerging middle class and the availability of modern products and distribution systems. However, a lengthy and cumbersome licensing process and an arbitrary method of regulation await US companies wanting to break into the Chinese market. However, Chinese regulators are making moves to familiarize themselves with the Western way of doing insurance business and are working to make deals mutually beneficial.

Insurance Agents & Brokers, China

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Considering captives

Article Abstract:

Captive insurers basically perform the same functions as traditional insurance firms even if they are specifically created to serve very particular requirements within corporations. This is why analysts from A.M. Best Co. scrutinize and compare captive insurance firms in a manner similar to the way they evaluate and compare traditional insurers. The captive market has rocketed in growth by almost 300% since the 1980s.

Captive Insurance Agents, Evaluation, Captive insurance companies, A.M. Best Company Inc.

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Even small agencies should ride info highway

Article Abstract:

Only 15.6% of independent insurance agencies make use of the Internet, according to the Academy of Producer Insurance Studies' 1996-97 Agency Performance Results Study. By failing to take advantage of the fast, efficient communication provided by the Internet, agents risk missing out on automation advances. Agencies that do not adopt new technologies, such as the Internet, may not survive.

Telegraph & other communications, Specialized Telecom Services, Wired Telecommunications Carriers, Independent Insurance Agents, Usage, Internet, Internet services, Technology application

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