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Archive for the ‘Insurance info’ Category

Start an Internet business, as if any other business is not easy. Every enterprise has to face this initial period of absolute devotion and dedication during which usually does not generate immediate returns.

It is at this stage that the vast majority of Internet businesses fail. The initial excitement is lost between fatigue and lack of remuneration. This, coupled with the unexpected and our mistakes, we will certainly commit, can easily cause us to stop pursuing a great idea that we should sometime.

You might be a very capable and has an excellent idea, but that is not enough to succeed on the Internet. You also will have to possess an additional quality that will ensure success: perseverance.

The vast majority of Internet businesses that are successful today are not so much for your great ideas or quality of their products.

The chair of Group Scamander, Emilio Biotin, said Wednesday that imposing a tax on the financial sector is not the appropriate measure to prevent the taxpayer has to bear the costs of the crisis, something he described as unacceptable and said the rate would hamper recovery. During his speech at the Third International Conference of Banking and Finance in the City of Scamander in Barilla del Monte (Madrid), Biotin said that “no healthy economy without healthy banks,” so that the private sector and in particular the banks have to have a “key role” in the emerging economic recovery. The conference, which also involved the governor of the Bank of Spain and European Commission Vice President, among others, was held for the first time in October 2008, shortly after the bankruptcy of Lehman Brothers, which marked the beginning of the worst economic recession in recent decades, which “only now” start to recover, Booty recalled. The “decisive” action by governments and monetary authorities two years ago faced the crisis and averted the disaster, as important steps were taken that allowed now have “a recovering economy, a solvent bank even before the crisis and a regulatory and supervisory framework in the process of being strengthened, “he said. The challenge now is to consolidate a sustained growth, underpinned by a sound financial system, sound and efficient, “said Booty, who explained that, therefore, the debate should not focus on taxing the dealer with a special fee, but take measures to enable the financial system to function properly and to reduce the likelihood of new crises. However, while it is clear that the measures taken so far and others that have been announced have strengthened the international financial system, much remains to be done, and in the case of Spain, “it must finish the task” because “the devil is in the details, “he said. In particular, Booty made it a priority to improve monitoring, while stressing the importance of agreement being negotiated in Europe to strengthen the supervisory framework. Also considered essential not to penalize “the essential function of the bank”, financial intermediation and to clearly separate commercial banking from investment banking and the return “all public support.” He said it is necessary to create mechanisms for assessing systemic risks incurred by institutions and allow “orderly exit” or even the sale of those who cannot overcome a crisis. In the international context, the entities that have received aid should return, he insisted Booty, who called for the establishment of the Deposit Guarantee Fund preloads by institutions, as in Spain, and have capacity to intervene in a crisis.

The full Congress unanimously approved a bill obliging the EPS to maintain coverage of pre-existing illnesses for those policyholders who change jobs or insurance contract, if the new insurance is recruited within 90 days of termination of previous insurance. The rule has been well received, overall, benefited both the insured and by representatives of insurance companies, although the latter have identified some concerns regarding the application of the law.
In our view, the rule is of great importance to strengthening the private system of health benefits and ensures fair treatment of the staff members. The proper regulation of insurance systems, other than health, life or other, is fundamental to the functioning of a system based on trust in the long term, prudent management of resources contributed by the insured and the efficient allocation costs generated by the risks of the insured population. The continuity of health insurance, i.e. the maintenance of safe conditions between a contract and another is an important feature for a successful system because it ensures the possibility of competition and offers options to the insured. Thus, continuity is ensured by the health insurance systems in different countries.
It should be noted, moreover, that as health insurance schemes operate based on average use of statistics of large populations, and the movements of individual policyholders between an insurer and another should be considered taken together estimates of costs for insurers. Therefore, the mere fact of being forced to keep the insurance in case of so-called pre-existing diseases should not generate additional costs for the system as a whole, while representing a great benefit to the insured.
A different issue is how to distribute the costs associated with these pre-existing diseases among the companies that comprise the system. This is particularly important in the Peruvian case as to policyholders of the EPS; Sealed maintains responsibility for the case of more complex diseases. Therefore, it is also important that the costs of the services covered by the EPS and Sealed be properly distributed according to the actual services provided to policyholders as a whole. This must be modern and complete information to identify the incidence of diseases and their treatment costs, which also identifies best practices and benefits of prevention over treatment of disease. Considering that this market is one in which there is a huge asymmetry of information between policyholders and insurers, it is for the regulator to avoid that this asymmetry creates situations of abuse of that advantage by insurers. This is especially true in the case of Peru, in which there is a high concentration in the insurance market.