Many insurance companies (Car Insurance, home insurance, Auto insurance, online Insurance, Education Insurance, Health Insurance and etc) claim they are the best. This can be seen if there is an insurance product offered to the public through ads, almost nothing is less. Similarly, the performance they do always featured a fine. Somewhat rarely express insurance company management weaknesses they experience.

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Choosing a good insurance company is not easy. Especially in the midst of intense competition among insurance companies today. However, there are several factors that should be considered in the process of choosing a particular insurance company for life insurance and loss. Things to remember that in choosing a private insurance company, then that should be considered in general are six factors:

1. The Financial strength (security)

2. Services

3. Cost / price

4. Reinsurance

5. Age

6. Professional and honest

The Financial Strength

When talking about financial firms, is not complete if you do not talk about finances.The financial strength of insurance related to the company's financial ability to fulfill its promise if the situation requires. It is important to know, because not a few insurance companies are looking at the flashy exterior. But when there claims from customers, the company can not pay. In assessing the financial strength of this there are some benchmarks that need attention:

- Assets and liabilities. This can be seen from the financial balance sheet is published in the newspaper. See also, whether planted in the current investment or long-term. In terms of liability (ability to pay off liabilities) will look at the balance sheet, how the debts by reasuradur, how he fulfilled the obligation to pay claims, and so forth. Indicators of net liabilities include equity (own capital) divided by net premiums (net premiums) of at least 50%. Own capital divided by gross premiums (gross premiums) of at least 20%. Limits solvability level, which looks from its own capital divided by net premiums of at least 10% and investment funds a minimum technical reserve divided by 100%.

- Underwriting Policy. On the balance sheet and annual report will be seen that the insurance is still a profit, or profit growth. This means it underwriting policy good.

- Its underwriters. Insurance has personnel qualified or not. It is known from the profile companies that includes the underwriters him.

Services

A service is the extent to which the mirror of human resources at the company's qualified or not. Moreover, insurance companies are selling a service, so excellent service is the key. For example, the extent to which the speed of service in both the policy issue especially in the payment of compensation or claims. In addition, about the service can actually be felt by the customer. Is this insurance company was absolutely the best service for its customers?

Cost/Price

The price problem is how much the cost of expenses incurred by insurance companies in operation. If it is greater than the cost of income, then obviously the company is not efficient. If it's not efficient, it will end up losing money. And if the losses continue, certainly not healthy. In this connection, could also see the price premiums. Compare the price of insurance premiums with other insurance. Where is the quality really good?

If insurance company numbers of RBC (Risk Base Capital) is high, it means the company is valued in good condition. But we must not be fixed solely with RBC numbers. Because, can also be large companies that are doing great expansion like to open many branches, then his RBC numbers would be small. Conversely, there is a small insurance company but never to expand, the RBC number was probably much greater. Thus, RBC numbers can not be used as the only measure, whether the insurance company is healthy or not. In this case, also noteworthy is the company's performance in two or three years. How big profits every year, how much the gross premiums they receive each year, how much additional capital and assets every year. at website online you can get comparison of car insurance rate, home insurance rate,term life insurance quote, term life insurance premiums, auto insurance rate and etc.

Reinsurance

Reinsurance is easy to be interpreted as his insurance company insurance company. This means that insurance companies in operation; to reduce the risks that can happen to him, also insure these risks to other insurance companies. And usually larger company. So consider this, ask if the insurance company that you will take a reinsurance company. This is important when there is something that you do not want the insurance company of your choice, there are other companies that had reinsurance companies that either guarantee the protection of your rights or obligations of your premium payment. It is also important you have to know the management company so if anything happens, your information can still get.

Age

‘The older should be more mature person’.

Although it seemed too cliché, but it must be recognized Age insurance companies enough older than the other companies could mean that the insurance company has enough capital that until the age of high enough still exist. It also describes how to manage the fund management clients. With older age, may mean that the company is able to manage these funds optimally. Whether it's to get results for business development and risk management are measured to ensure the rights of its customers. Because it logically, how could she not last long if you can not manage finances well.

Professional and honest

The six things that can be used as a reference are the professional and honest. How we know insurance company professional and honest or not? It parameter are how much customer base they have? and how they solve complaints from customer.

The increasing number of customers will show how the level of service that the company has done. This could mean how attention to customers, ease of claims and of course security is entrusted funds. Also you can check rank of best insurance from magazine/website polling. Below some sample polling from website about best car Insurance companies:

1) Esurance

2) Allstate

3) Geico

4) State Farm

5) 21st Century Insurance

6) Progressive

7) Nationwide

8) AAA

9) Liberty Mutual

10)American Family

Finally,just as the selection of goods or other services, you all should have a strong foundation in conducting a choice. The primary is indeed always choosing Insurance Company that suits your needs.