Insurance was born in the maritime industry, since many merchants due to inclement weather or pirates could easily go bankrupt with the loss of their cargo. To atomize that risk, each one gave part of his money to an organizer, so that in case one of them suffered these circumstances, they would make that money, saving themselves from bankruptcy. In life insurance, when people grew old they were cared for and paid for by their children, which began to get complicated with the construction of large cities and their migration to them, this gave way to the need for provision in the event of a anticipated absence or illness.
In Argentina there is very little insurance culture, since people unconsciously think of fighting, not protection, when they hear insurance. Fight is thought, because when the so-called loss occurs (death, illness, theft or destruction of the insured object) that is where the famous fine print is read and obviously the one who writes the contract is the insurer and the conditions are always more favorable to the company or simply ignorance of the agreed conditions give a false belief of protection. That is where lawyers or specialists are consulted in the face of conflict, with different results.
The true empowerment of the insured begins from day 1, where we think: What do I want to protect? life, health, a house, a car or a certain good. What loss can I bear? and what loss do I need to transfer the risk to another person or in this case to an insurer. (In the case of life insurance, it would never be possible to ensure what the absence of that being represents emotionally, but rather what it generates economically for the solvency of the family). How much am I willing to pay? and most importantly, not that it covers me, but that it does not cover me. All of this can be found in the General Conditions of Insurance, in the Particular Conditions and, above all, in the Individual Certificate of Coverage. This documentation in individual insurance is delivered easily, which is not the case in group insurance, which we have contracted and many times we are unaware of. For example, I go to an appliance house and buy a blender in installments, within the financial contract there will be a Debtor Balance Life Insurance, so that in case of death pending installments are paid. Thus, there are Group Life Insurances that can be easily detected in Salary receipts since the premiums are automatically deducted, in automatic debits in bank accounts or credit cards, in mortgage and pledge loans.
Life insurance not only covers death, but also has additional coverage for illness or accidents, which many people ignore and, if it happens, they do not know how to activate it and the times to do it. Due to the compulsive contracting of these collective life insurance policies, with little information, where coverage certificates are not duly delivered, they give us the opportunity to offer our professional services for advice, management and claim resolution, interacting as intermediaries with companies both in Argentina, Chile and Spain, making management easy and simple for our clients with excellent results.
Before the Pandemic, we had already developed a remote management system, which was further enhanced with its arrival, guaranteeing the security of data and processes at every step from our virtual platform.
Signed Alvaro Alzogaray – CEO of Alzogaray & Asociados SA CUIT 30-71591432-4 Offices in Uruguay 520 floor 4 office 7 CABA Telephone 113990-7000 www.a-asociados.ar
by CEDOC