With many companies in the insurance industry will certainly add competition in it. With increasing competition in the insurance business, insurers are several ways to attract customers.
In addition to introducing its products through various promotions, many companies that package a new product for the public increasingly interested in investing their funds into insurance.
Furthermore, one can guess that with the increasing number of firms in an industry, competition can lead to unhealthy competition. War is most often heard quote from an insurance company, where they continue to lower the percentage of each even though the goal remains the same.
The question is whether insurance companies will be able to pay claims if a small premium income due to reduced tax rates. While premium income under the law of large numbers. More and more customers are collected, more premiums earned and the greater the company's ability to pay claims.
And once again, it is important for customers to feel suspicious when you get a bid at a low price. "Although in the short term, the consumer wins, but long term it will harm the customer itself, which involves the readiness of companies to pay claims.
So if customers were told to vote, they expect good service and satisfying compared with premiums. Cheap but difficult claims. Because something The cheapest is not necessarily the best
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