General insurance market in North Sumatra increasingly competitive. Behavior of prospective customers and the community more and more general insurance companies, among others, be the cause.

Secretary General Insurance Association of Indonesia (AAUI) Branch Field, SE AAAIK Maswin QIP said, society has not put the general insurance becomes a necessity.
“Generally, if known would happen one after the risks and the risks, did not join. This means that underlying demand is still not yet, “said Maswin, who also Branch Manager of PT Asuransi Bintang Tbk Medan, the Medan Bisnis in Medan, yesterday.
Of the condition, said Maswin, general insurance companies would refuse. “Obviously we reject such a request. The principle of insurance do not know when it happened and how much risk of loss, “he explained.

In its development, general insurance companies continue to grow although not matched its market growth. He noted, on the market three or four years ago, is still better than today.

At that time, collecting billions of dollars in premiums a month, quite easily. Instead, collect premiums currently getting harder. The maximum month USD 1.5 billion. That was the general insurance companies really ready, both in the capital and management.

However, Maswin said, what is happening today is a sign of business dynamics. Insurance companies should remain solid as he sells the best products and improve education for potential borrowers.
“People insurance after the risk to come or for specific requirements. This should be eliminated by providing learning for prospective customers, “he advised.

In North Sumatra, the property sector become a mainstay for the general insurance today. Properties include houses, home stores, offices, buildings, to warehouses, the number grew insured. “Generally menhadapi insured for fire risk,” he said.

Other sectors of motor vehicle insurance and export and import. Insurance for motor vehicles sector grew to minimize losses from accidental damage, loss and other factors.

“Not only these three sectors, we thought it was time for people to buy insurance protection, both for residential houses, shop houses, motor vehicles and other types of protection to be able to recovery losses in the event of fire,” he said.

Originally posted 2009-10-10 21:33:01. Republished by Blog Post Promoter