Thursday, October 11, 2007

Insurance companies seek permission

VNECONOMY updated: 26/06/2007

A lot of insurance companies have asked for permission to increase capital to improve their financial capability, according to the Ministry of Finance.

The applications all were made to the Ministry of Finance in the first quarter of 2007. Insurers asking to increase capital included Bao Viet, Bao Minh, Vinare, Bao Long, Vien Dong, BIC, and newly licenced companies like Toan Cau, Bao Nong, Bao Tin.

Insurers are rushing to increase their capital in order to have the capital levels stipulated by Government Decree 45. The decree, dated March 27, 2007, says that non-life insurance companies must have at least VND300bil in legal capital (the previously applied level was VND70bil), while life insurance companies must have at least VND600bil in legal capital instead of VND140bil. Brokerage insurance companies must have the minimum legal capital of VND4bil.

The insurance companies which have been previously established and do not have the required capital level must raise their capital within three years after the date the decree went into effect.

However, according to Phung Dac Loc, Secretary General of the Vietnam Insurance Association, the strict requirements stipulated in the decree are not the main reasons insurers want to increase their capital. In fact, insurers want to become stronger to get ready for the fierce competition to come.

Among the companies, BIC (BIDV Insurance Company) has asked for the biggest capital increase. BIDV, the mother bank, has decided to inject VND300bil more in the insurance company to raise the chartered capital of the insurer to VND500bil in June 2007.

Pham Quang Tung, BIC Director, said that the required capital levels might be high for local companies, but they proved to be relatively low compared to those of companies in regional countries. Insurers need to increase their capital in order to become financially stronger.

Mr Tung said that with the stock market’s development, it was not a difficult task nowadays to increase capital.

Source: Thời báo Kinh tế Sài Gòn

No comments:

Your Ad Here Tips For Easy Earn Money: With Adbrite We Get Earn Money From Your Website Or Blog, 24 Hour work, No Cost it's 100% FREE. Your blog is a money maker, You can be a millionaire just with your own blog!

Can you still make money with Adsense?

Google Adsense is an advertising program created by Google, and which is beginning to be explored by other search engines, such as Yahoo and MSN – that allows you to put targeted ads on your website. If you run AdSense on your site you know that some words pay more than others, much more in fact.

5 Genuine Adsense Opportunities

Over the last few days. we’ve categorized over 20 great opportunities that represent a genuinely potential good return on investment. Most sources online today only show the highest bid estimate for a particular keyword or keyword phrase. This is a completely ill-informed methodology in evaluating adsense keywords and their potential value.

9 Adsense Case Studies

Here are 9 more Adsense Case Studies worth further consideration. They include keywords from the categories; Legal, Medical, Publishing, Real Estate, Rentals, Telephony, Travel, Vehicles and Web.Some are ok. Some are really good. Create quality content in areas that interest you and that is a great 1st step to developing a site that is successfully monetized with Google Adsense. I don’t focus on the the highest bid keywords, just the best in my opinion based on the various other attributes of the keyword.

Adsense Keywords - Can you trust only the highest bid estimate?

The short answer is no. There are tons of sites online displaying lists of hundreds or even thousands of keywords and there highest bid. Well guess what? There almost totally useless. The reason lies in the fact that (a) you have no idea of what the advertiser is bidding and it is the 2nd advertiser that dictates the 1st bidders cost per click. But even worse, you have absolutely no clue of what the Top 10 advertisers are paying. Bids may dramatically drop so by advertiser 7 or 8, it’s down to a few cents.

Adsense Traffic and Project Black Mask

After the hype over Project Black Mask recently, created by the same team that brought us Affiliate Project X and Day Job Killer, I decided to buy it and see whether it really was worthy of all the buzz it created. What I found surprised me.

Allows you to dramatically improve earnings from Google's Adsence Program

The TopPayingKeywords database presents the keyword prices of the 360,000+ keywords that have search engine bid prices of $1 or more. By identifying the highest paying keywords on the Internet, the database allows website owners to dramatically improve earnings in Google’s AdSense™ program.

Maximizing AdSense Revenues via Up-Selling

If you go into any Blockbuster Video store, you quickly notice the company’s use of a classic marketing technique – up-selling correlated products. This technique is highly effective at maximizing Blockbuster’s revenue and profit per customer. Moreover, this same technique can be applied to websites using Google’s AdSense program.

How to Profit from Knowing the Most Expensive Keywords

By knowing the most expensive keywords on the internet, you can create websites and web pages based on these keywords. On these sites and pages, you can serve expensive ads and/or promote affiliate offers that reap high bounties when clicked or completed.

Google's AdSense a bonanza for some Web sites

LOS ANGELES — Canadian software developer and part-time humorist Eric Giguère made fun of the avalanche of Internet arthritis drug offers on his Web site last year. For his efforts, he received a $350 check from Internet search giant Google.