LIBRARY OF INTERNATIONAL MEDICAL AND HEALTH INSURANCE INFORMATION AND RESOURCES
About the Resource Library
This page contains dozens of short articles that will help you quickly understand international insurance. For example, terminology, purchasing details and managing your insurance coverage are topics that are all covered within these articles. Choose an Article From the Topics Below

INTERNATIONAL HEALTH INSURANCE

   

Back to MAIN INDEX "Tips for Understanding International Insurance"
 
 

Brought to you by

 

 
   
Click - add to favorites

MISCELLANEOUS ARTICLES ABOUT INSURANCE

INSURANCE FRAUD AND VOLUNTEER WORKERS
THE CURSE OF BEING DECLINED FOR HEALTH INSURANCE
REAPPLYING FOR AN INSURANCE PLAN--WHY SO DIFFICULT?
GENERIC DRUGS--HOW SAFE ARE THEY?
DANGEROUS LIAISONS--MIXING DRUGS
MEDICAL GUIDELINES FOR INTERNATIONAL WORKERS
THE PROBLEM WITH SPAM FILTERS
MEDICAL ADVICE & INSURANCE TIPS FOR OVERSEAS TRAVELERS

WHY SOME INSURANCE COMPANIES LOSE MONEY

SHORT HISTORY OF “LLOYD’S OF LONDON”

DENIED INSURANCE? WHY DOES IT HURT?
SOME AMAZING STATISTICS ON US HEALTH INSURANCE

WHY SOME INSURANCE COMPANIES LOSE MONEY

One major reason is sometimes insurance companies are not tight enough on underwriting. This means that they do not carefully screen applicants, and then end up insuring people who are too great a risk. If a person is overweight, has high blood pressure, and smokes, that person may be a real risk. If they insure too many people like this, they could end up losing money. Another reason could be poor administration. Administration adds cost to all products and services. If a company is not streamlined or is not seeking to increase worker productivity, they can end up losing money. Another problem could be that they have priced their insurance plans below market value. Often companies do this to get “market share,” but if their prices are too low they will not have adequate income from premiums to pay for their claims. Do all of these things happen? Sure! Just a couple of years ago two large insurance companies in Arizona went bankrupt.

What do we get from this? Well, tight underwriting and plans that are close in price to plans from other companies are probably signs of a good healthy insurance company. Although we don’t like not getting a “live person” when we call the insurance company, we need to remember that they are trying to cut their service costs.

Back to Index

Need Help? Call 480/813-9100; Fax 480/813-9930; Email: info@gninsurance.com

  En Espaņol

Home
Get an International Medical Insurance Quote
Sitemap

Tips for  Understanding International Insurance

Medical Advice for Overseas Travelers

Quick Overview of Insurance Solutions

About Good Neighbor Insurance
Join Our Affiliate Team

International Mission Opportunities and Services
Contact Us