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How Do Insurance Companies Make Money? - How Does It Work Operationally?

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How Do Insurance Companies Make Money? - How does the business work (financially)?

I will focus on two types of insurance. For the first type, we're basically talking about money management, which I would consider to no "real" insurance. You can see that the insurance company receives money (premium) before it knows how much it will have to pay to anyone. How does the business work (financially)? Let's assume   we're talking about   a company that   wrote the   contract with   annual   guarantee - that is, the   client pays   a premium for   protection against   accidents   that occurred during the   12   months ahead .   To simplify the problem , I would assume   the premium   paid on   1 -Jan - but you   can keep   the same   principles   of pro   rata   temporis   for the   fraction of   a year. We   face two   problems: How   soon will   a claim for   the contract   is filled ? When   will   the payment   be done ?   In the case of   multiple payment , how much   and how long ? This is where   we   introduce the concep

How Do Insurance Companies Make Money? - What does an insurance company sell?

Someone who has been working 7+ years at an insurance company talks everything about anything we should know about the insurance company. What does an insurance company sell? Most of   what   is called   " life insurance "   is just another   tax- efficient   savings   products .  You   put money   into   more -or - less   at will -   insurance companies   manage it for you   (for   a fee) -   You can take   your money back   whenever you want   or   on the date   specified . This is the " insurance"   in the sense   that the company   will guarantee   the amount that   you can   take back   (for example   in the form of   the annual   increase   at   x %) and   that the money   will be available   in the date , set in   the contract. Property and accident insurance (P & C) also health insurance , a promise to refund your money for the damages You suffered. For example, the window of your car gets broken, you go to the repair shop, to have the w

How to get a valid URL for a picture in Google Photos

This article explains the problems with getting valid, SEO-friendly links to images that are in Google Photos - and shows a way of doing this using Google products.   Previously I've explained how to get a URL for a picture stored in Google Photos - and the difference between Photo's "shareable links" and real photo URLs. The sort of link you get with this procedure looks like this: https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhasSsvoyOSwVoUZZIa3kd-D0ZQ9XDKJ49giTNAjEp2lsLPteRaneI8loQHOj4w0X7prGgTn0sZFquvg3FBEoBPkVtJpw1CKJ_ZwoKN93xiO7CK5jf9t_DRhYZGMzHkrj3RMGEX8ZDnckaK/w1006-h566-no/ There are some issues with using URLs (aka web-addresses) obtained like this: They aren't recognised as valid image file links by many online tools which ask for the URL for an image (eg phpBB, Blogger - and many others) Sometimes they stop working (I've not been able to track down exactly when, but there are reports around the internet from people who say that links

Saving a post if Blogger's Publish button doesn't work

This article is about how you can save a  post even if Blogger's Publish button won't let you save your work. Imagine you've been working on a Blogger post for several hours.    It's finally ready: you've got the wording exactly right, everything is formatted with bold, italics and bullet-points, your pictures and links are all correct, etc.    But then your internet connection stops working.   Or you click the Publish button - and get a message like  "Post cannot be saved due to HTML errors".   You can't work out how fix the problem, and you need to stop working on it now ! This may seem like a disaster - hours of work wasted. But luckily there's a very easy way to save your work, and tools to help you diagnose problems. Saving your work and recovering it later How to save the post that you have written Switch to Edit HTML mode (this is a tab at the top left corner of the editing window.  Select all the text in the window (Ctrl / A does this in

Putting a badge for a Facebook Page into your Blog

This article describes making a Facebook badge to promote your page, and putting it onto your blog. What is a Facebook page This article is about how to make a badge to promote a Facebook  Page . This is an example of the "follow me" approach to linking your blog and the social networks , although for Facebook pages your reader becomes a Fan rather than a Friend. Many people are confused about when they should use each of the types of "thing" in Facebook, ie Profiles - accounts for flesh-and-blood, living, breathing, individual people Pages - for websites, brands, and organisations that don't want to approve all their Facebook members Groups -  for organisations that want to approve individual members who join (and in return, group-owners can send private messages to individual members. The most common "thing" for blogs to have is a Page - and a Badge is the tool which Facebook provides to help you to promote a Page on your blog or other website. Ho