| The Personal Lines Insurance Market: International Perspectives ...
LYON, France--(BUSINESS WIRE)--Reportlinker.com announces that a new market research report related to the worldwide insurance industry is now available to its catalogue. Personal Lines Insurance http://www.reportlinker.com/p050757/personal-insurance.html Personal lines insurance, which refers to products taken out by, or for, individuals or households in a private capacity, comprises private motor insurance; buildings and contents household insurance; accident and health insurance; pet insurance; travel insurance; and insurance for domestic appliances. The insurance is divided into five formal categories: motor, property, accident and health, general liability and pecuniary loss. With the exception of niche markets, such as specialist car insurance, domestic appliance insurance or high net-worth insurance, personal lines business is viewed by the industry as being unprofitable.
THIA: Soaring Loonie Expected To Boost Snowbird Travel
TORONTO, ONTARIO--(Marketwire - July 4, 2007) - A record snowbird exodus to the United States this fall and winter is being anticipated by Canada's travel health insurers on the continuing strength of the loonie, which has rebounded in value against the U.S. dollar by 50 percent in the last five years. (One Canadian dollar bought 62 U.S. cents in January 2002. It now buys close to 94 U.S. cents).
According to the Travel Health Insurance Association of Canada, which represents travel insurers and their allied services, Canadians travelling to the United States have regained much of their purchasing power, hitting levels they haven't seen for 30 years.
"This is especially advantageous for snowbirds, who spend between one and six months in the sunbelt states purchasing groceries, clothing, gasoline, accommodation and recreational services, as well as paying taxes and in many cases buying retirement properties," said Juliann Martyniuk, president of THIA.
One night in Bangkok …
Thailand isn't known solely for its beaches and brothels – the country is quickly becoming the top destination for face lifts, knee replacement surgeries and organ transplants. And as health care costs – aided by the escalating costs of malpractice insurance, as well as rising insurance premium rates – skyrocket, more people are booking passages to India, Singapore and other points in Southeast Asia, searching for quality care at better prices. “I'm a practicing medical tourist," said Regis University Professor Mark Durand. “I go to Bangkok, Thailand, for a couple of reasons. The first is price. The second is the quality of health care." The prices for health care overseas are about one-tenth those in the United States, and patients from America and Europe are traveling for elective surgeries, cosmetic surgeries and dental surgeries.
Ghana: Sic's New Policy
The State Insurance Company (SIC) has outdoored a new insurance policy called the SIC Akwaaba Insurance Policy. It is a web based policy that provides travelers visiting the country with medical care and other related emergency requirements. It's also designed to insure Ghanaians abroad who visit the country as an alternative to the National Health Insurance Scheme (NHIS).It is an initiative between the State Insurance Company, Ministry of Foreign Affairs and LinkAfrik a travel agency. .
SIC launches Akwaaba Insurance Policy
The State Insurance Company, a leading insurance service entity in the country has outdoored an innovative insurance policy into the insurance market. The unique web -based policy, known as Akwaaba Insurance Policy, is meant to provide Ghana-bound travelers access to world class excellent medical care and other related medical emergencies whiles in the country. It was also planned to serve as an alternative to the National Health Insurance Scheme for Ghanaian residents abroad planning a visit home. Akwasi Osei Adjei, Minister-designate for Foreign Affairs, in a key note address, noted that the product is a reflection of the benefits that can be realised from effective partnerships between government and the private sector in the goal to grow the national economy, create wealth and deliver essential services and products.
Consumers should 'get insurance for cats and dogs'
Claire Moyles, pet insurance manager, said: "Many pet owners may like to treat their animals with food and snacks intended for human consumption, but they must be aware of the detrimental effect this can have on their pet's health.""Overfed, obese animals often suffer from diabetes, osteoarthritis and other conditions that require a long-term course of veterinary treatment and their life expectancy can also be reduced dramatically," she added.As a result, the firm suggested that taking out a sufficient insurance policy could help pet owners meet the cost of vet bills and medication.Earlier this year, Churchill Insurance advised that those tourists wishing to take their animal away with them on holiday should make sure their pet has ample cover, in addition to getting an adequate travel insurance policy for themselves.© Adfero Ltd .
Beebe touts plan for health care
Staff photo by Evan Lewis Arkansas Gov. Mike Beebe speaks at a press conference Wednesday morning at the Texarkana Chamber of Commerce. He was in town to discuss ARHealthNet, a state-subsidized health insurance plan for small businesses. Beebe will be touring the state for the rest of the month talking about the new plan, which helps businesses with up to 500 employees. The program is geared toward low-income and other workers in small businesses. .
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