what's your opinion about insurance in developing country...

@anjrit (997)
Indonesia
May 25, 2007 1:55am CST
Different with developed country,insurance in developing country was very little part if we compared to the financial industry.for example,my country,the contribution of insurance industry was too little if we compared with banks.In developed country the comparison is not too far.There some bad image about insuranse taht face developing country society.Is very hard to sell insurance polish in developing country.How about you my friend from developing country,there was same condition like me?
2 responses
@limcyjain (3519)
• India
29 May 07
I think the insurance industry is growing rapidly in developing countries at least this is the truth in india. The govt has been taking steps to open up this sector although it has political compulsions. The entry of private players in this sector and inprovement of services such as cashless treatment have surely given a boost to this sector. Moreover it is not being viewed as an investment avenue with life insurance by persons who are interested in investing in the stockmarkets.
@anjrit (997)
• Indonesia
31 May 07
It's sounds good girl,in my country was on that condition too.Have you know the comparison between whole asset of insurance indusry and banking industri in your country.I think the insurance industry still lower than whole banking aset industry.In developed country the ratio between insurance assets and banking assets is same in amount.But Exactly now,some life insurance present an insurance with investment result.Such as prudential with it's produk prulink (likes unit linked product producs).
@mani123 (354)
• India
25 May 07
hi! in developing countries,the insurance is important one.. it will help to the improvement of every single man in that country.. nowadays the developing country people hope tha insurance.more insurances are available in government and also the private .. have a nice day!
1 person likes this
@anjrit (997)
• Indonesia
26 May 07
You are true mani123 but the penetrations of insurance in developing country was too little than the amount of the society.insurance is very important but not all ofthe developing society understand this.