TYPE: PRIVATE INSURANCE COMPANIES
There are companies that belong to the private sector there are government-owned. Privately-owned companies there is based on the possession of some form of cooperative. Government insurance companies exist under local government employers. The type that stands out from the private insurance companies is the shape of the company; the type that stands out from the cooperative insurance company is an insurance company together.
THE MOTIVES OF THE FOUNDING
The motif of the establishment of the private insurance companies, among others, is looking for a profit to the owners, obtaining fee and Commission the company established to manage the insurance companies or to market its products, to lower the cost of insurance for the owner, to provide protection or protection for the owners of the shop owner who cannot be obtained on the market, and to sell the sevice (treatment or hospital) based on the advance.
The simple distinction is often put forward regarding the motives of the founding ownership insurance the insurance cooperative ownership is established and run to seek profit, while insurance cooperatives established and organised to provide insurance to its members at a price of staple. However this over-simplified motifs can be misleading. There are the insurance company's property is established and cultivated by the company manufacturing and trading companies to obtain insurance cooperative in organise and run to get the profit for companies managers.
INSURANCE COMPANIES THAT ARE NOT INCORPORATED LAW
The insurance company's property is a legal distinction exists there. The most important possession of the insurance company not incorporated the law is Lloyd's of London.
Llyod's of London
In the 17th century in England, coffee shops (coffee house) was the center of the insurance world. The owner of the ship-owners need insurance for a boat ride will write the latter above a piece of cardboard with the name of the vessel, its owner, its Nahkoda, charge, its purpose, the amount of insurance coverage it wants and in him. The prospective insured it will go into a new coffee shop, placing the latter at Bupet and then go drinking coffee while waiting for the presence of the prospective insurer. Merchants-merchants who want to snitch fortunately in the insurance business will come and look at the proposal. An insurer (underwriter) may see a proposal request insurance Rp 100 million. The Fund may be only one-tenth that amount, then he will be writing the proposal under Rp 10 million with list prices (e.g. 5%), and then appended his signature and name. Because he wrote his name, under a proposal that he called the underwriter (the author below). In the end the amount of insurance coverage of Rp 100 million also was fulfilled and can be sailed under insurance. Is not a coincidence the largest exponent into English marine insurance and also the biggest traders of the world has ever known. Merchants simply assured (insured) will be willing to carry out a lot of effort that is not dreaming about the absence of insurance facilities.
With the passage of time, the underwriter (the insurer) who often visited a coffee shop Lloyd be figures most prominently in the insurance business. Finally his mask left Lloyd's, coffee service, stop and move to the financial district in London. Underwriter in Lloyd's Underwriter – this is one of the richest insurance group, the most powerful and important in the world.
