Build your professional network on facebook via our app Go to app
 
<< Prev  3 of 11 in Topic  Next >>
Posted in Community :

Secure the future - Insurance

 

Can Insurance agents Really Thrive In A Down Economy?

Created by : John Rajesh, Actuary Manager, Tata Aig Insurance Solutions  | 03 13 2009 11:35:28 +0000
Industry : Insurance
Keywords : recession insurance policy economic slowdown agents premium
Activity:  318 views;  last activity : 07 06 2010 20:18:09 +0000

What do you say???

Please put your thoughts behind it.....

  
Share
 
 
  Rate : 
 
 
Yes Vs No
7
 
 
 
 
3
4
3
Support   Support
Top Argument
1
0

Yes why not, but remember its insurance not investment. Agent must sale insurance and by thsi he can thrive in even bad economic condition
By Dushyant Hada, Territory Manager  04 04 2009 05:39:02 +0000
 
Top Argument
1
0

In my opinion, consumer demand has dropped drastically due to energy costs, the cost of raw materials, and home foreclosures. As a result of that I see much slower growth along all the commercial lines segments other than health care. What do you say???
By John Rajesh, Actuary Manager, Tata Aig Insurance Solutions  03 13 2009 11:35:28 +0000
1
0

I feel this is the right time for retrospect and to think of future. I feel that the downfall of economy has happened now and it can always happen again. So, to save oneself from the hardships faced now, one can think of the future and start generating corpus from now on for ones future. One can make a begining or invest in ULIPs which ofcourse is on the downward course right now and a best time for investment. One has to think of the future of his and family's and make adjustments and start in a small way and improve upon it in future when the conditions improve.
By VARANASI T.G., Insurance Advisor/Analyst, MetLife India Insurance Co. Pvt.Ltd.  | 03 14 2009 08:38:18 +0000
1
0

Rajani, yes you are right, the other main problem is that client listens to the media & start believing that recession is impacting their lives and act accordingly. This is basic herd mentality that is a strong governing psychological trigger. It is better if insurance agents show them the right direction during this period......
By Amit Monga, Actuary Manager, Bajaj Allianz  | 03 13 2009 11:55:00 +0000
1
0

John, every Insurance segment will work. Just don't think that the recession is reducing your clients spending power. This is dangerous for several reasons, but the glaring reason this thinking is a mistake is you will not offer coverages and protection according to the clients real needs because you may think they can not afford it. Go for it, I am sure you will able to crack it....
By Rajani Kanth, Actuary Manager, Royal Sundaram  | 03 13 2009 11:52:38 +0000
0
0
no
By mittal vartak, Freelancer, Freelancer  | 02 06 2010 11:26:37 +0000
1
0

i can't agree with amit's comments and Media is showing what is happening right, and they are showing what will happen if recession continues and there is nothing wrong in it, just because that people are not scared, because they have lost their job and they don't have money to spend, and because of all the recession, people have completely changed their attitude towards spending, and insurance sector is finding it difficult with nothing much happening in the industry at the moment.
By Susanta Panda, Actuary Manager, Bajaj Allianz  | 03 13 2009 13:07:57 +0000
Argue for "Yes"
Argue for "No"
 Found the debate "Can Insurance agents Really Thrive In A Down Economy?"  interesting ?  Suggest to your connections and communities  
Leading HR Outsourcing Company
MindsDirect is an initiative focusing on providing Strategic, Tactical and Operational HR solutions and services to organizations in India. Over years of experience we found that it is imperative for organizations to have a creative and concrete HR team that provides seamless services to their......
Viewers also viewed
Will Banks really cut jobs or not?
 
0 referals 5 arguments, 254 views
Two years back when I started earning I did not have much idea about insurances.. But now I do...
 
1772 referals 5 votes, 220 views
Yes vs No
 
0 referals 2 arguments, 196 views
more...  
Recent Knowledge (4)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 107 views
C vs B
 
0 referals 3 arguments, 51 views
I am associate of prajapati association and i am working for BJP from year 2005 to till date....
 
0 referals 3 arguments, 120 views
more...  
Sponsored Jobs
More From Author
Post proper deabtes..... 
Age is not a constrain for education. So he can do his MBA !!!    
Jyoti I agree with you .... And monetary will not exist for long. So we can expect a change in the oil resource industry.... soon....  :)  
more...