Small Business Resources, Business Advice and Forms from AllBusiness.com

Auto insurance market haunted by tariff war.(FINANCE)

Auto insurance depends much on the condition of car market in the country. Auto insurance business suffered a setback in 2006 down 20% in sales to Rp 3.8 trillion in 2006 from Rp 4.6 trillion in the previous year. The decline came with a drastic fall in car sales, which shrank 40% to 318,000 units in 2006 from 533,000 units in 2005.

The increase in the price of oil fuels late 2005 jacked up bank interest rate resulting in higher inflation rate and weakened the purchasing power of the people.

Cars bought on credit are required to have insurance protection. Mo

In addition, make sure to read these premium articles also available with your free trial:

T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

Free AllBusiness Articles

  • Curing Auto Coverage
    • New Jersey is near the top in the nation for many splendored things. It has great beaches, ruby red sunsets, hundreds of historic landmarks and more diners than anywhere else. On the not-so-good list are toxic waste sites, the number one population density, poor air quality and the priciest auto ......
  • Bank insurance revenue hits record, up 22 percent according to ABIA
    • Insurance revenue reported to the Federal Reserve by the nation's bank holding companies grew by $7.3 billion in 2004 to a level of $40.8 billion, 22 percent higher than 2003, according to an analysis released by the American Bankers Insurance Association (ABIA). "The new record numbers in ABIA's analysis confirms ......
  • Ohio insurance rates expect moderate rise
    • Ohio insurance consumers continued to benefit from a healthy property and casualty market in 2004 and rates are not expected to change significantly in 2005. Homeowner rates offered by the state's top ten insurers rose less than two percent in 2004 and automobile rates rose at two-tenths of a percent....
  • Drivers can take steps to cut auto premiums
    • SYRACUSE - A new study by the Insurance Information Institute (III) suggests that changing one's commuting habits can reduce insurance costs. The Manhattan-based III says that as gasoline prices continue their recordbreaking climb, drivers might consider using public transportation or carpooling. If they do, not only could drivers save money ......
  • Insurance revenue at banks on the rise
    • Insurance revenue reported to the Federal Reserve by the nation's bank holding companies grew by $7.3 billion in 2004 to a level of $40.8 billion, 22 percent higher than 2003, according to an analysis by the American Bankers Insurance Association. Since passage of the Gramm-Leach-Bliley Act, bank insurance revenue has ......
  • MEDIA ATTENTION, INSURANCE REGULATION, AND LIABILITY INSURANCE PRICING.
    • ABSTRACT The goal of this article is to test whether the threat of regulating (or of more stringent regulation of) automobile liability insurance as portrayed in the popular and industry press induces insurers to change the way they price their policies. More to the point, using quarterly state data from ......
  • Insurer not liable for claim when insured is notified of limits on agent's authority
    • A woman bought an auto insurance policy from an agency that represented at least 30 insurance companies. The woman financed the premium with a premium finance company. After the premium was financed, the agency paid the carrier in full with the financed draft and assumed the responsibility of accepting monthly ......

Video

Blogs

  • Finding a Good Auto Insurance Deal
    • Prt of good personal finance is making sure that you are properly covered by insurance. And, of course, your auto insurance premiums will be part of your monthly financial planning. Looking for a good auto insurance deal can be troublesome, but it should be done. Shopping around for a good ......
  • Allstate Gets It
    • Here's a truism: every obstacle you put in the way of your customer is going to cost you sales.
  • Yes, A Disaster Can (Will?) Happen to Your Business
    • Are you hiding under a rock about the real truth on business disaster? Think it won't happen to you? Think again. Disasters, both big and small, happen every single day in the business world. Just read the news headlines -- fires, floods, tornadoes, hurricanes. Not to mention the small disasters ......
  • Reduce Your Expenses Through Negotiation
    • Everything can be negotiated. Here are some tips for lowering your rates with service providers, utilities, insurance carriers and more....
  • All Bloggers
Related Topics
Tools

Sponsored Links

Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.