Insurance Information

Saturday, March 21, 2015

ACE Group

ACE GROUP

About ACE

Expert Group is one of the world's biggest multiline property and loss safety net providers. With operations in 54 nations, ACE gives business and Personal property and setback protection, individual mishap and supplemental well being protection, reinsurance and life coverage to an assorted gathering of customers.

The organization is recognized by its expansive item and administration capacities, uncommon budgetary quality, endorsing and cases taking care of aptitude and neighborhood operations internationally. The insurance agencies of ACE Group serve multinational companies and neighborhood organizations with property and loss protection and administrations; organizations and liking gatherings giving or offering mischance and wellbeing protection projects and extra security to their representatives or individuals; guarantors overseeing exposures with reinsurance scope; and people buying life, individual mishap, supplemental wellbeing, mortgage holders, vehicles and other claim to fame protection scope. With over $98 billion in resources and more than $23 billion of terrible composed premiums in 2014, ACE's center working insurance agencies keep up budgetary quality appraisals of AA from Standard & Poor's and A++ from A.M. Best. Pro Limited, the guardian organization of ACE Group, is recorded on the New York Stock Exchange (NYSE: ACE) and is a part of the S&P 500 list. Pro Group keeps up official workplaces in Zurich, Bermuda and New York, among different areas, and utilizes more than 20,000 individuals around the world.

Business Structure

Insurance - Overseas General

Protection – Overseas General involves ACE International, the organization's retail representative conveyed business outside of North America, and ACE Global Markets, a London-based wholesale market business that incorporates a syndicate on the Lloyd's exchanging floor. These organizations compose a mixed bag of scopes, including business property, setback, expert lines, marine, vitality, flight, political danger and development hazard, and additionally buyer arranged items, for example, A&H and customary and forte individual lines. The portion additionally incorporates the worldwide operations of Combined Insurance, which gives claim to fame mischance and supplemental well being protection items to center wage buyers in Europe and Asia Pacify.

Insurance - North American P & C

The organizations of the Insurance – North American P&C portion serve customers running from the biggest multinationals to average size and little organizations to high total assets people. Pro USA, which circulates scope through retail agents, gives a wide exhibit of forte property, setback, and mischance and wellbeing protection items and danger administration administrations to corporate customers over the U.S. furthermore, Canada. Expert Westchester represents considerable authority in overabundance and surplus lines claim to fame items, including property, inland marine, setback, expert lines, and ecological risk items appropriated through wholesale and select retail agents. Pro Bermuda composes abnormal state abundance risk, property, political hazard and chiefs and officers protection around the world. Expert Private Risk Services gives high total assets people and families with mortgage holders, vehicles, resources, umbrella and recreational marine protection. Expert Commercial Risk Services offers forte protection items and answers for little organizations through an expansive scope of circulation channel.

Insurance - North American Agriculture

Protection – North American Agriculture involves Rain and Hail, which gives far reaching numerous risk harvest and yield hail protection appropriated through an across the nation system of particular specialists; and ACE Agribusiness, which offers homestead and farm property and also forte P&C scopes circulated through intermediaries and operators for organizations that produce, transform and circulate farming item.

Global Reinsurance

Promoting its scope worldwide under the ACE Tempest Re mark, the organizations of the Global Reinsurance section give a wide scope of property and loss reinsurance items to an assorted show of essential safety net providers. Specialties units incorporate ACE Tempest Re Bermuda, ACE Tempest Re USA, ACE Tempest Re Canada, and ACE Tempest Re International, which envelops P&C reinsurance operations situated in London and Zurich. Expert Tempest Re likewise has operations in China and Brazil through Lloyd's.

Life

ACE Life provides traditional life insurance protection and savings products to meet the needs of individuals and groups primarily in Asia and Latin America. The North American operations of Combined Insurance distribute specialty individual accident and supplemental health insurance products predominantly through captive agents to middle-income consumers in the U.S. and Canada. The Life section also includes the company’s life reinsurance operations, which have been congested to new business since 2007.

Philippine Crop Insurance Corporation

Republic of the Philippines

Department of Agriculture

Philippine Crop Insurance Corporation

About

The Philippine Crop Insurance Corporation (PCIC)is a legislature claimed and controlled partnership (GOCC) made by prudence of PD 1467 (June 11, 1978), later on revised by PD 1733 (October 21, 1980) and further corrected by RA 8175 (December 29, 1995), as the actualizing organization of the administration's agrarian protection program. PCIC is a joined office of the Department of Agriculture.The PCIC's key order is to give protection insurance to agriculturists against misfortunes emerging from characteristic disasters, plant illnesses and irritation infestations of their palay and corn trims and different products. The PCIC additionally gives security against harm to/loss of non-product rural resources including yet not constrained to apparatuses, gear, transport offices and other related foundations because of risk/s protected against. Philippines is powerless against common calamities which cause decimation on yields and tragedies to agrarian makers and loan specialists of rural credit. Due to the insignificance of most landholdings, the aftereffect of these misfortunes is wrecking to the funds of the farmers.In 1976, an Inter agency Committee for the Development of Crop Insurance attempted a nine-month all out plausibility consider on the production of a product protection program in the Philippines. It was inferred that the horticultural protection framework will address not just the welfare part of the after-misfortune occasion additionally help in attaining to the target of balancing out ranch earnings and converse the "danger disinclined" nature of agriculturists and push them to put all the more in new innovations that would help build national profit. Aside from shielding ranchers from budgetary misfortunes, crop protection was likewise considered as an instrument that can be offered as "surrogate" insurance to banks and other monetary organizations to impact and urge them to keep taking an interest and supporting government credit programs.It introduced the making of the Philippine Crop Insurance Corporation and the ope rationalization of the protection program through the issuance of a presidential declaration (PD No. 1467 declared on 11 June 1978) which had then the power of law.

Our Corporate Mandate

As the actualizing org of the rural protection project of the legislature under P.D. # 1467, as revised by R.A. 8175, PCIC is commanded to give protection assurance to the nation's farming makers especially the subsistence agriculturists, against:Loss of their yields and/or non-trim rural resources because of characteristic disasters, for example, tropical storms, surges, dry spells, quakes and volcanic ejections, plant irritations and maladies, and/or other perils.PCIC can likewise give surety spread to creation advances reached out by giving establishments to horticultural makers for harvests not yet secured by protection.

Mission

PCIC is resolved to help settle the pay of farming makers and advance the stream of credit in the wide open by:

Giving protection security to qualified agriculturists and other horticultural partners against misfortunes of their harvests, ranch hardware and gear, transport offices and other related frameworks emerging from regular catastrophes, irritation and sicknesses, and different hazards past their powerful control;

furthermore,

Broadening inventive and customer responsive protection bundles, and different administrations thru POs including ranchers coops., horticultural moneylenders and administration suppliers.

Vision

A suitable administration situated government establishment going to each protection need of subsistence agriculturists and other farming partners with most extreme polished skill, honesty and effectiveness;

A corporate body working with solid system of protection and agrarian go-betweens in the soul of organization and unity of reason;

what's more,

A key calculate the acknowledgment of a lively and dynamic provincial economy where Filipino agriculturists work with significant serenity under the defensive mantle of yield protection.

ING Group

ING Group

The ING Group (Dutch: ING Groep) is a Dutch multinational saving money and monetary administrations enterprise headquartered in Amsterdam. Its essential organizations are retail saving money, direct managing an account, business managing an account, venture managing an account, resource administration, and protection administrations. ING is a condensing for Internationale Nederlanden Groep (English: International Netherlands Group).

The Orange Lion on ING's logo is a mention to the Group's Dutch beginnings under the House of Orange-Nassau.[3] ING is the Dutch individual from the Inter-Alpha Group of Banks, a helpful consortium of 11 noticeable European banks.[4] ING Bank was incorporated in a rundown of worldwide systemically vital banks in 2012.

As per the Fortune Global 500 in 2012, ING was the world's biggest keeping money/monetary administrations and protection aggregate by income with horrible receipts surpassing $150 billion every annum.[5] The Group is likewise the world's eighteenth biggest company by revenue.[5] As of 2013, ING served more than 48 million individual and institutional customers in more than 40 nations, with an overall workforce surpassing 75,000.

Alliance Insurance Company Limited

About us

Collusion Insurance Company Limited is a non-life coverage organization established in 1996 by driving mechanical and business places of Nepal. It has significant shareholding of Prabhu Group furthermore of Karmachari Sanchaya Kosh (Employee's Provident Fund), an undertaking of Government of Nepal. It has paid up capital of pretty nearly 18.26 crores which after the issuance of 55 percent right impart will be more than 25 crores by end of Fiscal year 2070/2071.

Mr. Devi Prakash Bhattachan, a noteworthy business pioneer and an extremely conspicuous figure in assorted ranges of business, for example, settlement, keeping money & account segment, travel exchange, vitality and foundation, likewise the Chairman of the whole Prabhu Group in Nepal, USA, Malaysia and Qatar, drives the organization as Chairman and Mr. Rajendra Malla, a presumed name in business group included in different organizations, for example, exchanging, industry, venture, foundation, hydro, training furthermore the Vice President of Chamber of Commerce and Industry, as Vice-Chairman.

Vision And Mission

Our organization has made an imprint as a rumored and solid safety net provider in the field of non-disaster protection in Nepal in these ten years since its initiation. In the setting of globalization, we expect to make progress in the days to obtain going to the terms with changing times and the needs it gets its wake in the territories of protection. We have satisfied the desires of our esteemed customers who have remained by us through the years and we would like to expand the quantity of fulfilled clients in geometrical movement in the days to get giving quality administration and money related pay in the occasion of unforeseen adversities.

Board Of directors

Mr. Devi Prakash Bhattachan

Chairman

Mr. Rajendra Malla

Vice Chairman

Ms. Kusum Lama

Director

Mr. Dakshya Poudel "Subhash"

Director

Mr. Krishna Prasad Acharya

Director

Mr. Ranakeshav Pradhan

Director

Dharma Bhakta Balla

Director

Our Products

Fire Insurance: Fire protection covers a wide range of versatile and fixed property having financial quality which incorporates structures, plants, hardware, furniture, apparatuses and fittings, family articles, stocks and stock and so forth.

Fire strategy can be reached out to cover:

1] quake

2] mob and strike harm, terrorism

3] vindictive harm

4] storm, whirlwind, surge and immersion, avalanche

5] air ship harm or articles dropped there from

Household Insurance: Under this protection the organization will reimburse the safeguarded against loss of or harm to the private abiding house and the family unit substance in that by any of the accompanying hazards without an additional premium. The principle goal of this is to ensure the settled resources of the administration holders. The total not surpassing Rs. 5,000,000 can be protected against the dangers specified beneath.

flame, lightning, blast of local machines and quake
storm and surge & Inundation
subsidence and avalanche
uproar and strike, terrorism
malevolent harm
theft and housebreaking
harm brought about by vehicle or creature

Motor Insurance:There are two sorts of arrangements of this protection:

Comprehensive

I] Incorporates any misfortune or harm to the vehicle by

1] unplanned outside means

2] fire, outer blast, ignition toward oneself, lightning, robbery, housebreaking and burglary

3] noxious act

4] whilst in travel by street, rail, inland conduit, lift or lift

II] The safeguarded risk to outsiders both in admiration of real damage and properties of the outsider. The strategy can be reached out to cover the accompanying dangers on installment of the extra premium – surge, tremor, riot & strike harm, terrorism and so forth.

Outsider Liability limited to the obligation depicted in 1(ii) above and not the safeguarded vehicle.

Marine Cargo Insurance:The organization gives Marine Cargo Insurance of merchandise whilst in travel via ocean, air, rail, or street. This protection can likewise be stretched out to cover all dangers of loss of or harm to the merchandise safeguarded brought on by war, strike or malignant go about according to the organization freight provisions.

Personal Accident Insurance:The organization gives Marine Cargo Insurance of merchandise whilst in travel via ocean, air, rail, or street. This protection can likewise be stretched out to cover all dangers of loss of or harm to the merchandise safeguarded brought on by war, strike or malignant go about according to the organization freight provisions.

Travel Insurance:Remembering developing need of restorative protection for Nepalese going abroad, Alliance has thought of 'Union Travel Insurance Policy' – This protection is expected to cover the guaranteed in the occasion of sudden and surprising infection or mishap emerging when he is abroad furthermore loss of checked things, travel permit and open obligation by method for expansion the strategic.

Burglary and Housebreaking Insurance:This protection is proposed to cover substance of premises against misfortune or harm by thievery and/or by housebreaking. Here the theft and housebreaking are characterized as burglary including entrance to or exit from the protected premises by coercive and brutal means. It is a general state of this arrangement that a gatekeeper or a security watchman is accessible in the premises on a 24 hour premise.

Cash in Transit Insurance:This approach gives a reimbursement in appreciation of loss of cash conveyed by approved emissary while in travel starting with one spot then onto the next, determined in the arrangement because of burglary, misfortune created by the mishap of vehicle and plane. This protection is proposed for banks, modern, assembling and business concern who intermittently draw from banks or different sources expansive wholes of cash for installments of pay rates and for other normal exchanges.

Fidelity Guarantee Insurance:This protection is proposed to give a reimbursement to the boss for monetary misfortune maintained as an aftereffect of falsification, theft and robbery of deceitful change of cash of the head honcho conferred by salaried representatives over the span of execution of their obligations. The greatest obligation under the strategy will be the measure of assurance.

Students' Safety Insurance Scheme:The approach is planned to be issued to the schools/grounds or whatever other instructive foundations for the profits of the understudies contemplating in that. The understudies will be secured against death, downright loss of two appendages or one eye and so forth and lasting aggregate or incomplete disablement. Notwithstanding the over, the approach will give repayment of therapeutic costs, subject as far as possible any one understudy every any one year brought about by the understudies for treatment to him/ her in a healing center or nursing home, as an in-patient for any harm supported by a mishap.

Contractors' All Risk Insurance:This protection gives reimbursement to foremen to physical harm that may occur amid the time of development furthermore amid the certain time of support. This approach can be reached out to cover outsider liabilities moreover.

Erection All Risk Insurance:This protection gives an extensive spread to an undertaking including development, erection on establishment of processing plants, workshops, plants & hardware or some other gear.

Marine Cum Erection Insurance:This arrangement can be reached out to connection this to Marine Cargo Insurance to give complete scope from the time the hardware/gear are dispatched from abroad till the task is completely appointed and test run.

Machinery Breakdown Insurance:This protection reimburses misfortunes caused because of breakdown of or harm to hardware gear and apparatuses created by inadvertent, mechanical, electrical and operational reasons. Boilers can likewise be safeguarded under Boiler Insurance.

Electronic Equipment Insurance:This protection is outlined uncommonly to give thorough spread to various sorts to electronic types of gear, apparatuses, devices and so on.

Aviation Insurance:This strategy reimburses the safeguarded against any misfortune or harm brought on to the flying machine because of any mishap. It gives remuneration against Third Party Liability (when the outsider is influenced by the mischance), Passengers' Legal Liability (for travelers on board amid the mishap) and Passengers' Baggage.

Others Insurance:

Ø Medical Aid Scheme Insurance

Ø Public Liability Insurance

Ø Workmen Compensation Insurance

Ø Poultry Insurance

Ø Banker’s Indemnity Insurance

China Life Insurance

China Life Insurance

About

China Life Insurance (Group) Company and its backups (hereinafter alluded to as China Life) constitute the biggest business protection aggregate in Mainland China. It is the main state-possessed protection bunch with an advantage surpassing 1 trillion RMB yuan. It is likewise one of the biggest institutional financial specialists in China's capital business.

In 2011 its protection premium salary hit 357.8 billion RMB yuan. Life premium wage represented 34.75% of the Mainland's life piece of the overall industry. Before the end of 2011, its aggregate resource came to 1.9562 trillion RMB yuan. (Figures gave have not been reviewed.)

China Life Insurance (Group) Company, headquartered in Beijing, is a huge state-claimed monetary and insurance agency. Its forerunner, PICC was established in 1949 and the PICC (Life) Co., Ltd was situated up in 1996 after its partition from the previous PICC. In 1999, it was renamed China Life Insurance Company. With the regard of the State Council and the China Insurance Regulatory Commission, the previous China Life Insurance Company was rebuilt as China Life Insurance (Group) Company in 2003. It has China Life Insurance Company Limited, China Life Asset Management Company Limited, China Life Property & Casualty Insurance Company Limited, China Life Pension Company Limited, China Life Insurance (Overseas) Company Limited, China Life Investment Holding Company Limited and Insurance Professional College as its auxiliaries. Its business covers additional security, property & loss safety, benefits plans (corporate annuity), resource administration, mechanical speculation and abroad operations. Through capital operation, it has put resources into a few banks, security firms and other non-money related establishments.

China Life has been recorded for nine sequential years on the Fortune Global 500 rundown, and its rank pushed ahead definitely from 290 in 2003 to 113 in 2011. It has been recorded for the fifth successive year among the World Brand 500 and positioned at 264th place in 2011. After the double posting in New York and Hong Kong in December 2003, China Life Insurance Company Limited came back to China An offer market in January 2007 and has turned into the first insurance agency to be recorded in Shanghai Stock Exchange. It is likewise the first insurance agency triple-recorded in New York, Hong Kong and Shanghai and has turned into the biggest open extra security organization on the planet as far as business sector promotion.

China Life takes "solid morals and unrivaled administrations" as the center of its corporate society, and entirely agrees to the operation idea that is "customers situated, grassroots-centered and quality focused". By efficiently expecting protection and social obligation, it endeavors to turn into an industry driving organization with high customer distinguishment and best corporate quality. It is our objective to incorporate China Life with a world-class monetary and protection bunch.

Member of the Executive Board

Yang Mingshen

Chairman