Written by on 26 August 2009
This rate of participation in profits reflected the importance the company places on loyalty 6 million policyholders who trust him, in a highly disturbed by the financial crisis and weakening economies.
Generali France confirms its customers and partners that funds euros and UCITS managed by the Generali Group has no exposure to funds Madoff.
Generali has always taken a very prudent management of its assets, including diversifying its investments in geographical areas and economic sectors. Bond portfolio is mostly comprised of the safest bonds issued by states (49%) or AAA (16%). It is totally free of subprime, or securities issued by other companies declared bankruptcy. As for his stock portfolio, it represents only a small portion of its assets and has 90% of European equities. No title in the portfolio represents more than 1% of assets managed by the same issuer.
Since 2007, Generali France enjoys the AA rating from Standard & Poor’s and Fitch, the best rating of French insurance companies, emphasizing its great financial strength and performance of its business model.
Written by on 26 August 2009
Comparing life insurance policies on the Internet has not only reason for being of service to you free. Must live. The challenge for insurers who use comparators is to capture prospects and future customers that prepare highly qualified subscription of a contract, so you.
So there is a constant use comparator: you must communicate your contact email address at the top to see the final outcome of your request. This makes many choices available to you when the comparators. In most cases, you can freely ask for documentation relating to life insurance contracts of key players in the market in one or two mouse clicks.
In others, the tool displays quotes for life insurance that meet your request, but with few details. Is the technique of teasing – it entices you. We tested for you and magic of new technologies, brochures have sometimes been sent by email in less than three minutes! You prefer a more human contact?
It is sometimes possible to speak to a counselor, to deepen your research. Through the comparator Assurprox, you are called directly by an insurer, makes you a proposal, usually within hours of your request for a comparison. The trading scheme is even in the extreme: if you’re the kind of sure of yourself, you can subscribe directly online by filling out a form.
Written by on 26 August 2009
The life insurance contributions rose in July (2% to 5.7 billion euros), but much less than in previous months, according to a statement released Tuesday by the French Federation of Insurance Companies (FFSA).
Since the beginning of the year, net inflows in life insurance is up 6% to 83.6 billion euros.
This increase is primarily due to contracts in euros, with payments up 12% since the beginning of the year to 73.2 billion euros.
Contracts in units of account, more performance-related contracts, they have decreased by 24% of payments to 10.4 billion.
The outstanding amount of life insurance and capitalization is an increase over one year (5% to 1.20 billion at end July).
Benefits are stable compared to the same period last year to 50.7 billion euros.
Written by on 21 August 2009
There is a man who has sold another one’s life (and their demise). Minute by minute, live, for the next eight years, unless “freeze frame” advance. He signed a contract that is a bet.
Initiated a project that can be considered, as the points of view, a private version of “Big Brother”, the ultimate attempt to break the boundary between life and art or, as suggested by its creator, “a game with the devil “.
The seller’s own life is Christian Boltanski, one of the best known contemporary French artists. The buyer is a millionaire who lives in Tasmania. In an interview in Le Monde Boltanski said that the buyer has made his fortune with the game, has used an extraordinary mind for mathematics sbancato casinos, to which he was denied access. With the money won began to collect works of art and he wanted possederne also one of Boltanski. Which relaunched: why settle for art when you can have the artist?
The pact works: first in January 2010 by four cameras filming him at any time by sending images on the screen installed in a cave in Tasmania in the property millionaire. What can sit down and have the privilege of watching paint Boltanski (even when it does), but also sleep, eat and do anything else a human being can not avoid to do for eight years. The vision can not be stopped, you can not review what is spent: in his life to overlap the art is no longer crystallizable, can not be put into the frame, becomes a flow, a continuous loss, survives only in memory. This is in fact long been the pivot around which revolves the work of Boltanski: we are all dying, our faces are collages of missing persons (we have the nose of our grandfather, the eyes of our mother). Our life is a photograph in a darkroom under a contrary immersed in the liquid of time vanishes in a milky mist.
What transforms the contract in a bet is a clause on the possibility, not remote, of death. Boltanski has 65 years, it gets to 73 is not mentioned, is aware of this. During the period in which the movie will receive a lifetime and will be paid a life insurance. The beneficiary is the millionaire Tasmania. The possibility of the death of Boltanski by 2018 the compensation for money spent, and with interest. Once again, it would beat the case, or what rule, mathematically or not, the future. But if it were to survive, Boltanski has the insurance premium, doubled by its contractor, but also the priceless satisfaction of having beaten the devil and death. There are, in this project is as unique and as a video game of chance, two covered and two outcomes that are mention.
First hypothesis: Boltanski wins. It goes beyond the limit of life that has established the mathematical calculation of an enriched presumptuous, to leave the satisfaction of having seen in any intimacy, of having spied any gesture or gaze. It takes, in exchange, a pack of money to get clear to the end and the pride that he has elevated the everyday to a different dimension, commercial or artistic work depends on who believes.
Second hypothesis: Boltanski loses. Tasmanian remains in the cave a man even richer than before, even more secure to know the fate of the algorithm, with the right to look at, for days, months or years, the life after life: a black screen. Then there are two assumptions that are not taken into account openly.
The number three: the dealer loses. Or: Boltanski campaign, but he died on millionaire Tasmania. The transmission is not interrupted, the four cameras to continue filming an artist who lives, drinking water or wine, write, delete. But no one sees anymore. Becomes a work of art with the public, a life without witnesses. There is a thing? Not only we must ask if the tree falls in the forest is really dropped when no camera has taken over, but if it is dropped when it was taken but no one has seen. And if a life has a meaning if there is someone, even the other side of the world, a curious or even beat that for what happens.
Then there is, inevitably, the number four assumptions: that Boltanski, used to mix in his creations the true and not true, exposing the fallibility of memory to celebrate the triumph, has created the millionaire, his biography, the cave and the entire mechanism to demonstrate that, far more than a work of art, life is a game with no winners or losers and loneliness a destiny that can be reversed only by the imagination.
Written by on 21 August 2009
The development of supplementary pension is going very slowly. At least in Italy. Past the period of silence-assent in 2007, the accession to the pension products have kept pace bland. If you continue this way, we want more than ten years for a substantial migration.
But there is one instrument that has experienced a growing success over the past year and a half: the Pip, shape complementary pension implemented through individual life insurance contracts, which provides a life annuity in relation to age of retirement. Within the universe of Pip can distinguish types of very different products. From company to company and from product to product may change the mode of disbursement of the final pension, performance related (for example, can be a hedge against the risk of disability, death or accident), the mechanism of the charges (ie cost , etc.). There are two types: separate management and unit linked.
Bills separately managed, typically insurance contracts, these policies are also traditional. “Managing separated” refers to the fact that the money of customers meeting in a fund that is managed separately from the activities of the insurance company (in other words, the lump sum paid by customers is placed in a “watertight compartment”). This type of contract consolidates the results. In other words, the gain achieved in one year are placed in safe and can not be affected by any losses in subsequent years. In many cases, moreover, this kind of plan provides a guaranteed minimum return. In general, therefore, the money of subscribers is maintained in a very prudent. Unit-linked policies, on the other hand, are defined as connected (linked) the development of investment funds (unit) present in the portfolio of internal insurance fund, which is managed directly by the company. The domestic insurance funds are different addresses for references to investor profile or markets where they invest. These types of plans, then, are directly linked to changes in the markets. Therefore present fewer guarantees but more opportunities to profit. Are suitable for subscribers who agree to a particular risk-return somewhat ‘more daring.
The preference of members towards Pip is demonstrated by the numbers. Accessions to the individual plans have registered an increase of 18.3% from January 2007 to 30 June 2009, compared to 3% of the funds and negotiating the 7.9% of open funds. In short, the overwhelming majority of new subscribers has chosen a Pip rather than a traditional pension fund. This, despite the individual plans have cost considerably higher.
“The reasons behind this trend are two,” says Renato Antonini, deputy director of products and markets Alleanza Assicurazioni. “First, for many workers access to Pip is much easier compared to the funds, for example to all those employees whose company does not accede to a negotiated pension fund, or self-employed persons.” Another aspect of fundamental importance is the advice. “The individual pension plans,” says Antonini, “ensure a level of information and attention to the customer not be detected in the money talks, not counting the lines guaranteed minimum return and innovative services such as lifecycle, ie the mechanism that automatically adjusts at the risk of the subscriber.
Flexibility, service and, at times, guaranteed performance, appear to be the reasons behind the increased costs. There is no doubt that the distribution network, through the branches, the advisers and promoters, play a decisive role in the choice of instrument (sometimes risking a conflict of interest). The preference towards Pip has on many occasions conveyed by intermediaries themselves, consistent with a market not yet ripe, as Luca Rinaldi, Head of Life Fondiaria-SAI. Not underestimate either the psychological aspect: the people need strong leadership in a complex and important as the security and is thus willing to pay a few euros more to have a good pension. In any case, Rinaldi continues, the field of social security is developing very slowly.
The migration, however, will inevitably accelerate, in fact, commented Henry Clement, head of complementary Assicurazioni Generali Italy, the security is an urgent integrativa for all workers. Information needs to be done and that people must understand why there is a need to integrate the public pension. Of course, Clement continues, all players will have their role. Meanwhile, the Ministry of Welfare is working on a re-opening (perhaps as early as 2010) to choose half of the stock market, again with the formula of silence-assent.
Written by on 12 August 2009
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Written by on 08 August 2009
The text makes clear that the producer does not receive a cent of 17.5 million dollars (about 31.8 million U.S. dollars) if it were found that provided the death of Jackson had connection with the use of illegal drugs. “This insurance does not cover any loss directly or indirectly related to illegal possession or use illicit drugs and their effects,” says the document.
Although the results of toxicological tests performed on the body of the singer have not been disclosed, the research suggests that the anesthetic Propofol has caused the death of the star. The drug is not banned in the United States, but its use is illegal outside of hospitals. According to the American newspaper, the policy only covers deaths resulting from an accident.
Written by on 08 August 2009
DECO warning that law is contradictory and discriminaçãoOs allows people with disabilities have, like all others, right to credit for housing, and to enjoy a lower interest rate. But the difficulties raised in the life insurance mandatory, eventually prevent many people from buying house.
The alert is the edition of July / August of DECO PROTAS that the law prohibits discrimination against people with disabilities, but at the same time, allow these citizens are treated differently. And the contradiction ultimately prevent them from buying house.
People with disabilities benefit from a reduced interest rate of only 65% of the rate of European Central Bank. As this is now at 1%, the rate for disabled people is up by 0.65%. The difference is paid by the state, which contribute 77% of interest.
Banks get to collect 400 euros per month for insurance
Conditions that would be favorable to, if not the life insurance mandatory. The DECO reported cases in which bank customers in this situation enough to pay 400 euros per month, only insurance. Almost as much as a benefit.
All because the law on the one hand, prohibits discriminatory practices, such as refusing to hire or insurance surcharges apply. But on the other, allows them to do so provided that ‘justify the decision with statistical data and actuarial standards, resulting in technical evaluation and selection of risk.
The customer has the right to be informed on how it is being charged more because of their disability or illness, but even to disagree and use the commission established for that purpose, and this gives them reason, the opinion is not binding, ie, the insurer is not bound to it abides. In other words, everything is the same.
Some banks help more than others
The DECO progresses, however, some possible solutions, while the law is not changed. One can pass the exchange bank. This is because some banks do assessments on a case and admit exempt in some cases, the life insurance.
Disability can not buy house (video)
But there are banks that do not abandon him. In such cases, you have to look among the many insurers available, it offers a more favorable conditions. If you can not bear any of the values that it is offered, then there is nothing to do.
There is also the possibility that in some cases, life insurance is just the name of the client without disabilities, where there are two owners.
DECO and association of disabled people want to create a fund
But to ensure that these citizens are dependent on the goodwill of the banks, DECO and the Portuguese association for the disabled have a proposal.
The association of disabled proposes the creation of a fund such as the Motor Guarantee Fund, where a percentage of life insurance policies for credit for housing, reverse them. In case of death of the disabled person, the bank would be reimbursed, activating the fund.
Alternatively, they say, the state government should create a fund, and take social responsibility.
The association further argues that should, by law, exempt the poor part of the couple’s life insurance, a solution that does not remove the discrimination, at least, allows access to credit.
The solution proposed by DECO is also a fund, but this solution, all citizens contribute a percentage of premiums of life assurance, personal accident and health. Thus, people with disabilities who could not hire the policy, could use the fund.
Written by on 08 August 2009
Suffered further setback in the House, the bill was written by Mr Enio Bacci (PDT-RS), establishing the “allowance” of 50% on the value of life insurance premium of the ten uninterrupted years of contract, if the insured is up with the payments. The proposal, which dealt since 2003, received in this Tuesday, contrary opinion of the rapporteur of the Commission of Constitution and Justice and Citizenship, Mr Carlos William (PTC-MG), which identified “bad legislative drafting.”
In the report, the Parliament argued that the project is at odds with the Complementary Law 95/98. “This is used because of a bill to deal with autonomous area already governed by Articles 757 to 802 of the Civil Code. In substance, we must be emphasized that the punctuality in the payment of the insurance premium is inherent in the contract itself, which only applies while the monthly payments are up to date. As stated in Civil Code, shall not be entitled to damages that the insured is in arrears in the payment of the award, if the accident before his purgation, “argues William Carlos.
He adds that the proposal also fails to consider the actuarial criteria for setting premiums, and “weakened the essence of the life insurance policy, whose goal is to ensure the financial security of beneficiaries after the death of the insured.”
The project had already been bombed in the Finance Committee and Board of Taxation, which was approved unanimously the opinion contrary to the matter prepared by the rapporteur, Mr Max Rosenmann.
Written by on 08 August 2009
The performance of private pension opened in the first half surprised even executives of the area. The uptake in the U.S. reached $ 16.7 billion, growth of 9.6% over the same interval last year.
“It is something that should be celebrated,” said the chairman of the National Federation of Private Pensions and Life (Fenaprevi), Renato Russo. “At the beginning of the year the picture was worrying,” he said in reference to the effects of global crisis in Brazil.
In absolute terms, was the largest in the history of the catchment area for the first half. The rate of expansion, however, is well below the 2006, 2007 and 2008, when it was above 20% – when compared to the same period last year. It should be noted also that much of its $ 16.7 billion comes from the already contracted by sparing plans – that now reaches 12 million.
In Russian, the surprise is explained by the expectation that many savers could stop the deposits because of the crisis. Most products sold in the country does not provide monthly contribution – ie, the flow can be volatile because of the lack of periodicity in contributions.
The balance of Fenaprevi showed, furthermore, the field plans VGBL (Life Benefit for Generator Free), with abstraction of $ 12.8 billion in half (almost 77% of total). Two factors explain the difference: the tax benefits and the fact the VGBL be a life insurance policy. “This enables the insured persons have access to savings,” explained Russo.
Another feature of the first months of 2009, as suggested by the National Association of Investment Banks (Anbid), is the predominance of fixed-income plans, whose income is attached to the base interest rate (Selic).
From January to July 30, the capture of private pension funds was positive in $ 8 billion. Virtually all entered the fixed income funds. In a time when the Selic reached the lowest levels in history, the performance surprised analysts, and even Russian.
“The retail market reacts slowly to movements,” considered. “But I, personally, that the curve will reverse in coming months (ie, more resources will be applied on products at risk, such as shares).”
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