Prudential plc

This article is about Prudential plc, a company based in the United Kingdom. See Prudential Financial for information about the company based in Newark, New Jersey, United States.

Prudential plc is a financial services company based in the United Kingdom. The company has more than 21 million subscribers in the world managing funds of more than U.S. $ 530 billion (data as of December 31, 2007). The company also operates in 12 countries in Asia and had Jackson National Life in the United States. He also has a majority stake in the internet bank Egg.

In the UK, this company's business includes sales of pension, annuity, storage, and investments (bonds, ISA). They are well known on the sale of bonds and pensions with-profits, the company pension scheme, and bulk and individual annuity. The company left the general insurance market (household, car) in 2002, to license Churchill Insurance (now part of the group Royal Bank of Scotland) to use Prudential's name.

Prudential shares sold on the stock exchange the following:

* LSE: PRU
* NYSE: PUK

Prudential Assurance Company Ltd, now part of Prudential Plc, the dominant insurance company for several years in the UK.

Is an agent of the Pru, who decided to leave Prudential and moved to the United States, and given access to all the techniques in the company to assist them in forming an insurance company in America. The new company became the American Prudential, the Rock of Gibraltar. There was never any ownership relationship between the two companies that Prudential, despite the use of memoranda of understanding about their company's name throughout the world.

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Jolyon Wagg

Jolyon Wagg (in the original version of the French language name is Séraphin Lantern) is a character from the series The Adventures of Tintin, a comic created and written by Hergé. He is a man who lived just friends with everyone, easy to make friends with anyone saha, and people like to force into the story without being invited, and offers a variety of assistance that are not needed at all. He was disliked by Captain Haddock (although Wagg still smiling over this, and with confidence high enough that he was the best friend of Captain Haddock) and makes the captain grew frustrated. Wagg is always wise to use different words from his uncle Anatole, which is basically a hair cutter. [1] [2] Wagg is also often described as an innocent tourist in places unexpected, where Tintin and Captain Haddock adventure. Wagg is the agent of an insurance seller, and often he tried to sell insurance to the other figures in this series.

He was a role generally quite "modern", which is in contrast with the character Captain Haddock.

Jamsostek

Social Security is the abbreviation of the social security workers, and the public programs that provide protection for workers to overcome the risk of certain socioeconomic and operate using the social insurance mechanism.

As a state-owned enterprises engaged in the field of social insurance. PT Jamsostek (Persero) is implementing the law social security workers.

This program provides fundamental protections for the participants if you have a social risks to the economy with affordable financing by employers and labor.

Socio-economic risks addressed by the Social Security program is limited to the protection of:

* Event accident
* Pain
* Pregnant
* Maternity
* Disability
* The old days
* Dead

These things lead to reduction and dissolution of labor income and / or require medical treatment.

[edit] Philosophy jamsostek

Social Security is based on the philosophy of independence and self-esteem to overcome socio-economic risks.

Independence means not dependent on others to finance hospital care at the time, the old Day's life and his family, when he died.

Self-esteem means a guarantee is obtained as a right and not someone else's mercy.

Tour AXA

Tour AXA (also known as tour Assur, previously Tour UAP between 1974-1998) is an office skyscraper located in La Défense business district west of Paris, France.

The tower was built in 1974 by the UAP insurance company. The building is 159 meters (522 feet). Its basic form is a three-pointed star, whose branches are separated by an angle of 120 °. Shape was chosen to symbolize the merger of three French insurance companies, which is the origin of UAP. The tower was renamed Tour AXA when UAP was bought by the AXA insurance company in 1996.

Large-scale renovation of the tower began in 2007. The exterior of the tower will be completely changed, with the additional height. Tour AXA will be as high as 225 m (728 ft) with a total area of 86.707 m² (933.306 square feet) when completed, and became the tallest skyscraper in France. The architect was Jean-Pierre Dacbert, Pierre Dufau, Michel Stenzel and.

Other AXA towers standing in New York City, 229 m (751 ft).

Prudential Financial

Prudential Financial, Inc.. NYSE: PRU and its subsidiaries, provides insurance products and services, investment management, and others to retail and institutional customers in the United States and in over 30 other countries. The main products and services including life insurance, Annuities, mutual funds, pension and administrative and other asset management. In addition the company also offers securities brokerage services indirectly through a minority ownership in a "joint venture". He has set the main operations to Business Financial Services and the "Closed Block Business".

Prudential consists of hundreds of subsidiaries in 30 countries. He holds more than $ 1.9 trillion of life insurance.

Beginning in Newark, New Jersey in 1875, Prudential Financial, formerly known as the "Friendly Assurance Company" and was founded by John Dryden. He sells a product of industrial life insurance.
Homeland Security secured the headquarters building in August, 2004.

History of Prudential Insurance Company of America until the year 1975 is a topic of the book Three Cents a Week; refers to the premium paid by the "policyholder".

Prudential logo, the Rock of Gibraltar, is one of the symbols of the most recognized companies in the world.

Prudential has changed from a mutual insurance company (owned by the "policyholder" it) into a stock company. Now shares are traded on the New York Stock Exchange with the symbol PRU NYSE: PRU

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Performance bond

Performance bond or also known as the performance bond is a guarantee issued by an insurance company to ensure the completion of a project well by the contractor.

For example, a contractor who is building a building that are required to submit a performance guarantee by the client. If the contractor fails to build the building in accordance with the specifications listed in the construction contract (usually due to bankruptcy sikontraktor) the losses suffered by the client will be secured with the performance guarantees. The term of this performance guarantee is also commonly used in housing construction.

This term is used also in the placement of security to ensure the implementation of transactions in futures contracts, which is usually known as the margin.

This performance bond has been known since 2750 BC (before Christ) and in the year 150 AD (BC) of Rome made a law guaranteeing valid until now.

The Basic Principle Of Insurance

In the insurance world there are 6 kinds of basic principles that must be met, that is insurable interest, utmost good faith, proximate cause, indemnity, subrogation and contribution.

* Insurable interest

The right to insure, arising from a financial relationship, between the insured with the insured and recognized by law.

* Utmost good faith

An action to disclose accurate and complete, all material facts (a material fact) about something that will be insured either demanded or not. The meaning is: the person must honestly explain everything clearly about the extent of the terms / conditions of insurance and the insured must also provide a clear and correct for objects or interests of the insured.

* Proximate cause

An active causes, which lead to efficient chain of events leads to a result without the intervention of the start and actively from a new source and independent.

* Indemnity

A mechanism which provides financial compensation insurer in an attempt to place the insured in a financial position that he had just before the occurrence of losses (KUHD chapter 252, 253 and reinforced in Article 278).

* Subrogation

Transfer request from the insured to the insurer after a claim is paid.

* Contribution

The right person to take any other person equally bear, but not necessarily the same obligations to the insured to participate in providing indemnity.

Insurance

Insurance is a system for lowering the financial loss by channeling the risk of losing from a person or entity to another ..
Entities called channeling risk "insured", and the body receiving the risk is called "insurer". Agreement between the two entities is called policy: this is a legal contract explain each terms and conditions protected. Fees paid by the "tetanggung" to "insurer" for the risk it took called "premium". This is usually determined by the "guarantor" for funds that can be claimed in the future, administrative costs, and profits.

For example, a couple bought a house for Rp. 100 million. Knowing that the loss of their homes would lead them to financial ruin, they took the insurance protection in the form of home ownership policy. The policy will pay for replacement or repair their homes in case of disaster. Insurance companies on their premiums Rp1 million per year. The risk of losing their homes have been distributed from the company's homeowners insurance.

Insurer uses actuarial science to calculate the risks they expect. Actuarial science uses mathematics, particularly statistics and probability, which can be used to protect the risk to estimate the claims at a later date with reliable accuracy.

For example, many people purchase insurance policies and home ownership then they pay a premium to the insurance company. When you lose a protected place, insurer must pay the claim. For some of the insured, the insurance benefits that they receive far greater than the money they have paid to the insurer. Others may not make a claim. If it is averaged from all policies sold, the total claims paid out lower than the total premium paid to the insured, the difference is the cost and benefits.
Insurance companies also benefit investments. This is obtained from the investment premiums received until they have to pay the claim. This money is called "float". Underwriter can benefit or loss from price changes and also float interest or dividends on the float. In the United States, loss of property and deaths recorded by the insurance company is U.S. $ 142.3 billion in five years ended in 2003. But the total profit in the same period was U.S. $ 68.4 billion, as a result of the float.