Insurance Awareness levels of Indonesian society

Insurance Awareness levels of Indonesian society : Despite the relatively high economic growth rate, which according to predictions of 6.5 percent in 2013, however, the public interest to invest through insurance, it is very minimal. lack of investment from the public is more due to the tendency of people do not understand insurance.

Indonesian society tends to think that insurance just throw money, if there is no claim, fact, the need for insurance for the community is important, particularly when income per capita increases.

According to IMF data as of October 2010, the GDP per capita of Indonesia has reached 3000 U.S. dollars. In this condition Indonesia can no longer be called a developing country or emerging market. With a per capita income is growing public awareness of insurance should have increased.

Each individual should have insurance to protect themselves. Moreover, with the increasing growth segment sizeable middle class in Indonesia is expected capabilities Indonesia also increased public spending, including insurance shopping, the Indonesian people often do not understand the importance of insurance. Indonesian society tends to think that insurance just throw money, if there is no claim until the time limit specified. In fact, now many personal line insurance suitable and affordable for the public.

World Bank insurance program in disaster prone Haiti

World Bank insurance program in disaster prone Haiti : an arm of the World Bank next week will unveil a $1.96 million project that aims to help thousands of low-income entrepreneurs in Haiti protect their livelihoods against natural disasters.

The International Finance Corporation says the program is much-needed. Only 0.3 per cent of Haiti's 10 million people have some form of insurance, one of the world's lowest rates.

Small entrepreneurs are particularly vulnerable to uninsured losses, and can default on debts and be disqualified from future loans when they need money to recover.

The insurance will be distributed through the Haitian microfinance institution Fonkoze, and is supposed to help up to 70,000 people over the next three years. The IFC made the announcement Friday. Details will be released next week.

Principal Financial Group Earnings report Next Week

Principal Financial Group Earnings report Next Week : Principal Financial Group Inc. (PFG): Provides retirement savings, investment, and insurance products and services worldwide. Market cap at $8.9B, most recent closing price at $30.30. In Dec 2011: Reported EPS at 0.71 vs. estimate at 0.75 (surprise of -5.3%). In Mar 2012: Reported EPS at 0.7 vs. estimate at 0.74 (surprise of -5.4%). In June 2012: Reported EPS at 0.72 vs. estimate at 0.74 (surprise of -2.7%). In Sep 2012: Reported 0.45 vs. estimate at 0.49 (surprise of -8.2%. [Average earnings surprise at -5.4%]. The company is expected to report earnings on January 31st, 2013.

Health Insurance Innovations ipo stock prices

Best Insurance stock - Health Insurance Innovations ipo stock prices : Health Insurance Innovations Inc. said it expects to raise up to $72.9 million in an initial public offering. The company plans to sell about 5.4 million shares, at between $14 and $16 a share, according to its most recent filing with the U.S. Securities and Exchange Commission. The shares include 700,000 that underwriters would have an option to purchase to cover over-allotments.

The firm would use $3.5 million of the net proceeds to repay outstanding debt under a term loan and up to $25 million to expand its commission structure, with the rest used for general corporate purposes.

Health Insurance, a Tampa company that develops and administers affordable, Web-based health insurance plans and ancillary products, filed for an IPO in late December.

The company has applied to list its common stock on the NASDAQ Global Market under the symbol �HIIQ.� An expected sale date for the shares was not announced.

Health Insurance Innovations shares prices, Health Insurance Innovations stocks symbol, Health Insurance Innovations stock prediction

WellPoint Inc q4 earnings report today

best insurance stock - WellPoint Inc q4 earnings report today, WellPoint net profit report today january 23 2012 : WellPoint Inc q4 earnings reported today WellPoint Inc reported a higher-than-expected fourth-quarter profit on Wednesday as it kept medical costs down, but the second-largest U.S. health insurer said it was taking a "prudent" view of 2013 in the face of industry reform.

WellPoint, which sells private health insurance to businesses and individuals and also provides government insurance for the elderly and the poor, is preparing for a round of changes resulting from the U.S. Affordable Care Act.

Later this year, states and the federal government will begin selling health insurance on exchanges for 2014, and new insurance taxes are on the way. Pressure on prices for medical services is also a concern for insurers.

WellPoint said that given the "fluid and dynamic" market over the next 18 to 24 months, it expected a 2013 net profit of at least $7.60 per share, including the costs of integrating its recent acquisition of smaller competitor Amerigroup.

Analysts on average have been expecting $7.98 a share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the two numbers are comparable.

"It's lighter than we thought, but it's also including Amerigroup's integration costs," Leerink Swann analyst Jason Gurda said, so it was not clear that investors would be disappointed by the outlook.

Shares of WellPoint were down 0.4 percent at $63.54 in early trading.

Management changes might be behind the conservative forecast, Gurda said. WellPoint is being run by an interim chief executive officer, John Cannon, who took over following the abrupt resignation of Angela Braly in August.

Chief Financial Officer Wayne DeVeydt told analysts on a conference call on Wednesday that the company still expected to name a new CEO this quarter.

He said the 2013 outlook included 20 cents to 25 cents a share in Amerigroup-related costs and $300 million in additional investments such as preparation for the health insurance exchanges.

Besides healthcare reform and broad-based cuts in government medical payments, areas of uncertainty for this year include the costs of the flu as more members visit the doctor and overall use of medical services, DeVeydt said.

TAXES BOOST PROFIT

The company said that fourth-quarter net profit had risen to $464.2 million, or $1.51 per share, helped by an income tax settlement and investment gains.

WellPoint, which included Amerigroup figures in its earnings report for the first time, said it had 36.1 million members as of Dec. 31, up 5.5 percent from a year earlier.

It said it expected membership to drop in 2013 to a range of 35.3 million to 35.5 million.

Excluding the tax settlement, investment gains and other special items, the company said earnings had increased to $1.03 per share from 99 cents a year earlier.

On that basis, analysts on average had been expecting a profit of 95 cents per share, according to Thomson Reuters I/B/E/S.

WellPoint said that lower-than-anticipated medical costs in its private insurance business, stable membership numbers and strong operating cash flow helped earnings during the quarter. It said its fourth-quarter tax rate had been abnormally low because of the settlement with the Internal Revenue Service.

Revenue for the quarter rose to $15.27 billion from $15.18 billion a year earlier.

WellPoint's results followed those of the larger rival UnitedHealth Group Inc, which last week reported a slight drop in net income and said the next two years had the potential for growth and opportunity.

Copyright 2010 by Reuters. All rights reserved.

Details of IRB Re-Insurance Co Privatization

Best Insurance stock - Details of IRB Re-Insurance Co Privatization  : The Brazilian government's National Development Bank, or BNDES, on Wednesday released details of its planned privatization of re-insurance company IRB-Brasil Re, based on an initial public offering of shares.

The privatization process will take place via an increase in IRB's capital. The BNDES set the price of each new share at 2,577 Brazilian reais ($1,263). The government authorized a capital increase of between 2% and 15% for IRB.

Brazil's largest banks, including state-run banks Banco do Brasil SA (BBAS3.BR) and Caixa Economica Federal, and private-sector peers Banco Bradesco SA (BBD) and Banco Itau Unibanco SA (ITUB), will almost certainly gain day-to-day control of IRB after the privatization, according to analysts. IRB has a 40% market share in the re-insurance industry in Brazil.

The federal government, meanwhile, will hold a golden share in IRB. With the golden share, the government will keep a veto power over all key decisions, such as any eventual sale of control.

Currently, the government has a stake of 50% in IRB, while Bradesco has a 21% stake, Itau Unibanco holds a 15% stake and other small insurance companies a 14% stake.

The government said that it won't participate in the capital increase, paving the way for banks to increase their stake in IRB. IRB employees will be allowed to participate in the capital increase, along with the major banks.

"The process will provide IRB better conditions to compete in the re-insurance market, considering the new regulatory environment in which the IRB no longer enjoys exclusive rights over re-insurance," the BNDES said in its statement.

IRB, created in 1939, operated as Brazil's sole re-insurer until 2008, when the government opened the local re-insurance market to private competitors.

Under the rules, the government said IRB will have a period of five years in which to list the company's shares. If the shares aren't listed by the end of that period, then the company's controllers will be obliged to buy back any and all shares acquired by employees. Employees can reserve IRB shares from Feb. 4 to Feb. 14.

The Smart Way To Overcome Financial Problems

Financial problems can sometimes lead couples fight. Some marriages end because of financial problems. Financial problems that may occur due to the husband or wife who is not smart to manage the family finances.

In fact, smart managing the family finances is very important that the needs of the present and future can be fulfilled. For that, the husband and wife should be open in managing finances. You and your partner should always discuss all things related to money, such as expenses, income, savings, and so forth.

While discussing this, you and your partner should also make a deal. For example, to determine what percentage of money to be saved, how the budget is used to pay bills, and so forth. If both of these apply in your family life, then the financial problems most likely will not happen. 

If the family's financial problems have occurred, then immediately overcome with friends. Here's a clever way to overcome the financial problems the family:

1. save
Saving not only can you do at the bank, but also in their own piggy bank. You can provide a small savings in the home that can be filled every week. It may sound trivial, but it will be worthwhile for you and your partner at a later time. Unconsciously, the money would be collected so it is very useful if it is necessary.

2. aside money
Do not forget to set aside money each month. Money that you can use to have fun with your family, such as a vacation to the sights, go to a restaurant to eat dinner together, watch a movie, and so forth. However, not a lot of money aside each month so as not to be wasteful.

 
3. Make a realistic budget
Creating a realistic budget is important in order to avoid financial problems in the family. Make sure your budget is realistic and can be implemented well. Do not make budget too little until you have to scrimp and lack of enjoyment of life, and vice versa.

Finances Frightening  ?