Tag Archives: british insurance

In British Insurance George Clayton Lays the Groundwork for Students

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In 1971 British Insurance (George Clayton) was published. With the sub-title of Monographs on British Economic Institutions this book has been the go-to reference for many students studying both British financial histories as well as the theories that surround early British insurance. George Clayton has been dubbed the “Father of Life Insurance” though the reasoning is a bit unclear, though perhaps not to someone who has studied his work in detail. The British insurance market is certainly a hot topic right now, and it makes perfect sense that both people newly venturing into this field, along with veterans may want to examine the thoughts and ideas of George Clayton.

It took quite a bit of effort to delve into a history as rich as the one owned by British insurance. George Clayton has studied, and outlined in his book, common practices as far back as to the seventeenth century. His influence on the way in which insurance is studied resonates within the papers of many university students who have found tidbits of information vital to their education. The history of insurance – life, health or even insurance on shipped goods – has a long and interesting history and British Insurance does a great job of covering all of the bases.

 

The British Insurance Summit 2010 Paves the Way for Other Conferences

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The British Insurance Summit (2010) was the start of a wonderful conference that focused entirely on the insurance industry of the whole UK. A two-day long event, this strategic networking gathering took place in London at the Grange City Hotel. This flagship event brought together brokers, insurers and providers to debate current issues, listen to informed speakers and connect with each other. Branded a success by those who attended, the British Insurance Summit 2010, paved the way for events which will be upcoming in the future.

Pulling in some of the best and brightest minds of the insurance world the British Insurance Summit 2010 had two days that were packed full of speakers and question and answer sessions that really let attendees get to the meat of a subject. Because of the success of the leading British Insurance Summit 2010, one was also held in 2011 and in March of this year as well. Any well thought out conference that brings new ideas and thought provoking discussions to the table are welcome by most professionals and the British Insurance Summit 2010 really underscored the fact that the insurance industry is no different.

Touted as the most prominent event to happen to the insurance industry, the British Insurance Summit 2010, really focused on every facet of the insurance industry. Particularly they were looking at current trending in the insurance sector and trying to anticipate what future trends might be. Industry topics were discussed and investigated thoroughly including recent innovations, opportunity windows and challenges. Because they hosted so many senior level presentations, attendees really got a good feel for the full gambit of the insurance sector.

The British Insurance Summit 2010 had a full generous selection of attendees as well. The entire spectrum of the insurance industry was represented from the very corporate level to consultants and providers. There really was something for everyone offered up in the menu of discussions and question and answer sessions.

Some of the more important speaking sessions were:

  1. A focus on UK growth with discussions on how to find advantages in the current recession.
  2. What risk management benefits are available to the UK insurance market from the new regulations and Solvency II potentials.
  3. Rising to meet or exceed customer needs and relationships via the application of new distribution channels and new technology.
  4. Networking with and learning from those who have been able to raise profits through product development.

Thankfully the British Insurance Summit 2010 was so well received. Because of the positive results from that summit, one has been held each year since giving UK insurance professionals a solid forum for discussions and networking that wasn’t previously available. This is great for not only those in the industry, but also for their customers. The best in innovation always occurs when you bring the best minds together, and when it came to insurance, the British Insurance Summit of 2010 did just that.

With a promising future, paved by the British Insurance Summit 2010, it looks like there will be more summits scheduled in the years to come. This really is a boon for the insurance industry as a whole, and hopefully many providers will be able to glean useful information that they can then use to offer better service to their customers.

 

British Insurance Germany Inspired and Other Facts

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British Insurance or German Pension?

A lot of people might wonder why you should consider British insurance. Germany offers a relatively decent pension plan, so what’s the point in looking at anything different? British life insurance is particularly impressive for investors who can make significantly more profits with investing into the British life insurance than they can with German pensions.

British Car Insurance While Working in Germany

If you are working in Germany you may wonder if about the validity of your British insurance. Germany will honor your car insurance, for example, if you carry your green card with you to shop in case of an accident or other issue.

A green card is internationally recognized as a form of advising officials that you have, at the least, the minimum insurance required. Your insurer should never charge you to obtain a copy of this card (some places do have administration charges, but the card itself is free). You should be able to simply ask your provider to give you one. While you technically don’t have to carry this card with you – it is not a requirement by any means – it can make things easier if there is a need for it. Third party coverage extends across Europe free of charge, so you should be perfectly fine to drive in Germany even with British insurance. Germany car repair can be pricey so if you will be in Germany any length of time, consider taking out vehicle breakdown coverage. If you plan to be living and working in Germany for any amount of time, making sure that your British car insurance is in order is important. If you decide to live in Germany, however, you will need to change over to a German insurance provider.

Germany Inspired British National Insurance

Many people think that the first national insurance was British insurance. Germany, however first started with a national insurance policy in 1884. This national policy was to protect against illness. It wasn’t until 1908 when David Lloyd George said that national insurance was key. Introduction of the National Insurance act gave the working class of Britain the very first system of contribution based insurance that protected against both unemployment and illness. Not everyone thought this was a good idea, and many of the Conservative party argued against the act, but to no avail.

As a result, the National Insurance Act provided a benefit for unemployed citizens for a brief amount of time, hopefully giving them time to locate another job – fifteen weeks. It also offered up a health insurance that protected citizens, allowing them sick leave for up to a total of twenty-six weeks, at 10 shillings a week for the first thirteen and then five per for the following thirteen weeks. Citizens also were able to take advantage of treatment for tuberculosis as well as see a doctor when ill.

The National Insurance Act did a lot for the lives of British citizens during the time, but it is interesting, is it not, to discover that for British insurance, Germany was ultimately responsible.