Tuesday, August 18, 2015

Never Use Insurance

Insurance


Funny things about insurance is, we buy it and hope we never use it. Nobody want to sick , everybody know that sickness is something inevitable. So people buy insurance, and hopefully, never use it. 
Nowdays 

This time, the cost of treatment is very high. Without health insurance, a person could spend a very great when experiencing sickness. So the health insurance become indispensable.

Sometimes people criticize how rich the insurance industry, and how the glamor lifestyle of the agent and the top brass. How great of commission generated. However, when insurance is needed, they, critics would shut up.


Insurance Business Got Very Rich





The reason why insurance business make it people and industry rich is simple, the insurance product buyer, will try so hard to not use the insurance. Example, the car owner, buy the best car insurance , the best injury insurance, and Always safety driving.

Because to survive, to life instinct our DNA. Its in our blood :D


TOP 10 Biggests Insurance by Revenue



According to revenue (in million US Dollar) , there are 10 biggest insurance in the world, source : www.iii.org
RankCompanyRevenuesCountryIndustry
1Berkshire Hathaway$194,673U.S.Property/casualty
2AXA161,173FranceLife/health
3Allianz136,846GermanyProperty/casualty
4Japan Post Holdings129,686 (2)JapanLife/health
5Assicurazioni Generali118,871ItalyLife/health
6Prudential plc98,976U.K.Life/health
7China Life Insurance87,249ChinaLife/health
8Ping An Insurance86,021ChinaLife/health
9Legal & General Group84,805U.K.Life/health
10Munich Re81,685GermanyProperty/casualty

I just see the data above, and know that Berkshire Hathaway is the biggest insurance company in the world. Berkshire name is so identical with warren buffet. A legendary investor this time. 

Also Shocking, 2 or 10 biggest insurance is came from china, China Life Insurance and Ping An Insurance. 

May this information is usefull for you, 
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