Business and Marketing

There are some things in the insurance business is interesting for highlighting. There are several phenomena that often happen in insurance business. There are no liquid funds from already filed claims that could be delayed without any notification from the insurance company why it could happen. The existence of a distinct understanding between customers and insurance companies is associated with the object to be insured. This can happen because the information on all matters relating to the conduct of insurance does not adequately explained in detail to its customers in the initial agreement.

Viewed from the side of the customer, sometimes the customer might do some ‘cheating’ that can harm the insurance company. In terms of insurance, it is known as insurance fraud that can be categorized into two: hard fraud such as falsifying accident or intentionally creating a planned event and light fraud like overstate the value of the claim. Actually, if it is seen from the regulations, the government has begun to enforce the provisions of fit and proper test for the entire board of directors and commissioners of insurance companies as well as banking. This is important so in the future, many insurance companies are not misused for other purposes.

But in reality, the problems in the insurance business are also still emerging. There is even an insurance company that becomes collapsed because the company’s branches scrape funds from customers. It is deliberately not told the real situation. This is something that is bad for the insurance business. If the government does not immediately overcome this problem, it will affect the image of the insurance business which is currently trying to move forward. For this reason, regulation and supervision of company management by the government will be some effort to protect insurance companies to develop.