Insurance Explained – How Do Insurance Companies Make Money & How Do They Work
Well some of us may think that there’s nothing more boring than attending an insurance conference on a wet Tuesday night in Boston, and we may well be right but if we look back to see how the industry began it isn’t as dull as it might first appear from swashbuckling pirates to a ferocious fire that ravaged the world’s greatest city insurance has had a colorful past but how do those grey suits who sell insurance really make money and how do the inner workings of one of the most complicated fiscal models really work.
If these questions whet your curiosity then stay tuned to today’s episode of the infographic show why do insurance companies make money and how do they work what is insurance well insurance is a financial vehicle that helps spread risk by taking a risk from an individual and spreading that risk around the community the individual is able to go about their personal or business level and spreading that risk from financial ruin in the simplest terms let’s look at two people one is named Bob and the other Jim Bob says to Jim I’ll give you $10 but if I lose my cell phone you’ll have to buy me a new one if Jim agrees then that’s insurance right their insurance companies make money because they evaluate the risk and decide whether it is worth the gamble Jim believes that Bob probably won’t lose his phone and he’ll therefore be 10 dollars richer if Jim finds 100 more people who are willing to give him 10 bucks each to cover their phones he has $1,000 if one of those 100 people loses their phone and Jim pays $100 as compensation he still has 900 bucks the insurance idea has been floating around since the ancient Chinese and the Babylonians spreading their shipping risks but it wasn’t until around the 17th century in London that modern insurance really took off Merchant Marine men and traders often hung out in coffee shops in the business district of London
and while drinking copious amounts of coffee the idea of modern-day insurance was born Lloyd’s of London the heart of worldwide insurance was developed inside one of these coffee houses and here’s how it worked first you have the client say the client has a ship that he is nervous about losing to pirates offshore or perhaps the vessel will be destroyed in bad weather the client approaches an insurance broker the broker looks at the ship or pays someone to look at the ship, and they decide how much the total value of that ship is worth the broker then assesses the risk he asks the client where he is travelling to and what cargo he will be carrying with all this information he draws up an insurance policy which he shows to the third person in the chain the underwriter for a cheaper premium the underwriter may exclude a few risks and for a few more bugs he may include some extra risks now there are normally lots of underwriters approached,
but one will be the lead and the lead underwriter like Jim will normally take the largest proportion of the risk and sign his name first on the policy document he is known as the underwriter as he writes his name under the risk on the insurance policy the lead underwriter makes the major decisions when it comes to accepting the policy and will be the main man to agree to any claims on the policy once the terms of the policy are agreed to it is made legal and the client is happy and the ship set sails but not before paying the insurance premium to the broker who will take about 10% and pass the rest on to the underwriter but what should happen if pirates board the ship steal the cargo and burn it at sea well the client if he is still alive if not a representative of a client will speak to the insurance broker and the broker will visit with the lead underwriter and tell him the bad news the rest of the underwriters there may well be as many as 20 on a big policy are told the news and then the broker must negotiate the best claim settlement for the client or his or her representatives the underwriters pay the money to the broker who passes it on to the client without deducting any cut the broker makes his money once the premium is paid and will help negotiate the best claims for his clients through gentlemanly honor and the prospect of future business now it may not be all bad news for the underwriter if he is wise and not greedy he may have reinsured the policy reinsurance puts the underwriter in the position of the client the underwriter sells the policy on to another underwriter or firm of underwriters while retaining a share of the premium confused yet think back to Jim and his phone insurance if Jim resold his $10 phone policy for nine dollars rather than the ten dollars he received then he gets to keep a dollar each for each 100 clients meaning he has $100 completely risk-free similarly much of the modern-day insurance that flows through Lloyd’s of London is reinsured out of the building to smaller insurance companies all across the world so what starts as a simple agreement between the client and the broker or Jim and Bob is spread across a business community each stand to profit from the premium or take a cut of any losses this is how insurance works by the spreading of risk over communities so that is how maritime insurance was born it was developed through the need of ship owners to carry on in business should they lose everything lost at sea but what about property insurance
well around the same time 1666 the Great Fire of London devastated the city where modern-day insurance was born and famous architect Sir Christopher Wren in his great London redevelopment project in 1667 made sure to include an insurance office in his new plan now property insurance is commonplace with most homeowners having a policy in place also medical life travel car and dental insurance are all commonly held policies even pet insurance is a major insurance business nowadays over time the business model has evolved modern-day insurance companies are fiercely competitive which is good for you the client as policies are priced at their lowest possible point companies now look to write as many policies as possible to create a financial pool they take the premium from thousands of policies and invest that money in other financial products, so the insurance underwriter may pay out more claims than they make in policy premiums, but they have invested all those premiums in a high-interest investment scheme,
so they make their money outside the original insurance product insurance in this example as a way of creating cash flow to be used in more lucrative investments and if you’re wondering what other creative and lucrative ways there are to make more cash take a skill share class called how to generate passive income Skillshare is an online learning community with over 20,000 classes in management marketing UI/UX design and more if you use our promo code infographics 9 you will get Premium Membership for two months completely free Premium Membership gives you unlimited access to all the classes available on Skill share join the millions of other people who are already members and support infographics show at the same time by going to Skill share comm slash infographics 9 or clicking the link in the description and start learning today so what do you think do you have insurance to protect against the unexpected to insurance companies charge too much is it all just a scam let us know your thoughts in the comments also be sure to check out our other video called us teachers vs. UK teachers thanks for watching and as always don’t forget to like share and subscribe see you next time
Affiliate Marketing Beginner To Advanced Tutorial
If you are looking to be successful in affiliate marketing, you have just landed on the exactly right video today. I will share with you the real experience of more than four years of experience working in online affiliate marketing. I will simply compress and give it to you totally for free in the next few minutes so prepare yourself prepare your brain get a pen a paper because you have to take notes this article is the ultimate guide to be successful in affiliate marketing stay tuned. hi friends I’m so happy really so excited to publish this new ultimate course that I think it’s the only video the only course you need to be successful in affiliate marketing without wasting any second.
Let’s start directly what is affiliate marketing just for beginners affiliate marketing is simply to promote a product any product or service will discuss this later than whenever someone buys the product you will earn money very simple let’s give an example you pick a product from Amazon let’s say this microphone I picked up this mike link i send this link to someone on my website wherever and when that person buys this product through my link i get paid i get a commission that’s simply affiliate marketing now what are the main affiliate marketing steps simply we have four main steps number one is to pick a product obvious you want to promote a product, so you want to select a product or a service to promote step number two is to set up your affiliate marketing system for example maybe building some web landing pages Few content depending on the product.
step number three is to run the campaign promote the product and step number four is to track your performance analyze and optimize super easy now in affiliate marketing you have to know something really very important we have mainly two methods or two models to earn commissions or to earn money let’s use simple terms in the first model we promote a product and whenever someone buys please focus whenever someone buys the product you will earn a commission this is clear in the second model we promote something but this person the target customer doesn’t need to buy the product maybe you just need to take a simple action like submitting his email or submitting his zip code or submitting his phone number so if he does this then you will earn some money so it’s somewhat easier.
so, here you earn some as an example per sign up or per action. we call it CPA – Coste per action in the first model we are earning commission per sale so please focus we have two different models the cpa model and the commission model i hope it’s somehow clear this will help you identify what you want to promote maybe as a beginner it will be easier for you to promote something and get only sign ups as we explained if you are following in one of my case studies where you can make like seven dollars per sign up if you promote a certain service if you want to check this video you can check it description below or somewhere here on the screen so these are the two main models now let’s move on to types of products please focus very well write notes what i’m saying here is condensed information based on more than four years of experience i’m giving to you just to learn this and understand and apply and don’t forget anytime you can ask me any question in the comment section below or join our telegram group so we can chat live after publishing the video so i’m here to help you just you have to learn watch the video learn it and take action try to do something anyway so let’s now move on to types of products that you can promote also to make things simple we have mainly four types of products or things you can promote in affiliate marketing number one is digital products like online courses like ebooks designs and so on any digital product you can promote and sell online number two is physical products example promoting amazon products like electronics whatever you want any physical product number three are online services somehow different from a digital product
example of an online service is canva do you remember if you are following me i create a full case study based on canva is online tool. online service that helps people create designs and so on so you as an affiliate marketer you can promote this service other type of services is like some rush is a tool that helps you rank better on search engines for SEO and so on also it’s a tool it has an affiliate program you can see affiliate program and whenever you promote this and you get a sale you will earn a commission from these services so we have also online services number four which is somehow related to CPA models if you remember this course per action is we call form submits like submitting an email submitting a zip code submitting a phone number filling a form these types of products are not real products they are forms that people will fill, and you will earn when whenever someone completes the form so it’s not a real product okay so we have four types digital products physical products online services and form submits very nice now the concepts are all clear let’s start with the first step how to pick a product where to find a product now really you have to focus very well from now on we start the real work so how to pick a product mainly we have two strategies content research based or ad spy based please focus very well number one it’s based on content research it’s simply to find the products related to your niche related to your topics so if you have a website about digital marketing you go and find products ready to jitter marketing if your website is about health and fitness you go and find products related to health and fitness and so on
let’s go to cj.com what is cj it’s commission junction it’s simply an affiliate marketing network what is an affiliate marketing network it’s a place where you can find advertisers so you can find the products here is my account you can see this is my earnings for this month last month it was around two thousand three hundred dollars not bad here you can go to advertisers section ncj and you can start searching for products by categories by niche let’s see this so here is the full list of advertisers or products that we can promote you can see here you can filter by category you can search by keywords because you have a lot of things here games family financial services education entertainment beauty marketing online services whatever you want a lot of categories you can pick up from okay so this is number one we have cj affiliate network you can sign up to search for products now i know some of you will tell me cj didn’t accept my application i have problems with cj please focus stay tuned some patience everything will be explained i will give you all the alternatives don’t worry there’s only one example the second example is impact.com this is also my dashboard here in impact you can go here to brands and go to find brands and also you can search for any product you want again you have a lot of categories here payout model you can filter whatever you want search for services for companies and then you can apply you can see here my brands these are the services i am promoting inside impact okay so the second marketplace is impact.com now again you will tell me maybe impact denied my application i can go into impact and so on in a couple of minutes i will tell you how to get approval what are the factors that helps you get approval
but let’s go with other alternative clickbank.com is an alternative it doesn’t require any approvals you can just sign up and start working and picking products i know again clickbank in some countries is banned what is the solution i will not tell you now go with tricky methods vpns contact someone or whatever no if you don’t have clickbank it’s okay you can go with digistore24.com another affiliate marketing marketplace go to marketplace you will find a lot a lot of products that you can promote digital and physical products just select whatever you want education example here and you’ll find a lot of products that we can promote now you may tell me I don’t want I don’t want digital digi store I want online services but I don’t know where to search and find them I will help you again go to aidsupertools.com my free SEO and digital marketing tools platform totally free go here to affiliate section programs and i created a free tool for you, we have a lot of programs here all these are online services that you can join we have a lot of services you can see also i sum up things like how much you can earn the cookie duration what is the cookie duration it’s very important by the way the cookie duration is let’s say you are promoting this service bluehost I can study about the bluehost like one month ago you can check it in the description below so bluehost is a web hosting company you want to promote if you promote for one person signs up and bought the servers you will earn 65 dollars per sale very good they have 90 days cookie can saved so let’s say someone opened your link went to some hosting let’s say godaddy opened godaddy someone you are promoting and opened your link went to bluehost and then closed the browser he didn’t buy anything even if after 70 days 80 days 90 days after three months you open his browser again and bought the service you’ll earn a commission again because the cookie will be saved in his browser you can still get a commission and get paid and earn affiliate marketing after 90 days of his first visit this is very important.
so this table you can search and filter here whatever you want as an example search for something you can find services just click on the website and check the service and see the earnings whatever you want and join the affiliate program also i will help you more if you go here to notion this is my account in notion you will see i have this affiliate marketing table i have more than 84 services that i join and i promote as an affiliate marketer i will give you this table also for free i will keep the link in the description below just check it you see the service the category the network i am joined in whatever you want just take this table check it and join the networks that you want to join the products that you want I think in this way i’m giving you everything i have so you can start now you may tell me I don’t want all these I want something that doesn’t require approvals i just want to start working I just want any product to start we have a lot of products online that doesn’t require approvals let’s give you two examples here i have this application d e bounce an email validation tool if you go here to my affiliate dashboard you will see i have my balance around 465 dollars from my promotion this month so d e bounds doesn’t require any approval just sign up get this link here and start promoting please don’t give any excuse we have a lot of services like this that requires only signs up other tool is GMS and email marketing system for Gmail if you go here down you will see we have the affiliate program how to join you just need to install the application it’s an extension and send this email just read this guide a free program if you go here to my PayPal account to show you that this month i got a payment from this service also maybe this will motivate you i know a lot of you like to see numbers so i’m showing you my dashboards let’s log in to PayPal. but it’s okay so today you don’t have any excuse we have a lot of affiliate networks programs applications services you just need to search for it pick one and start okay i will leave all the links by the way everything i mentioned in description below to make things easier for you, so this is the first method which is how to pick a product based on content or research the second method is what we call ad spy products
let’s open this website, and you will see here a lot of ads that people are running so that you get the point here you can spy and see what campaigns are running what people are promoting, so you can get an idea of successful products and you just need to copy and declare the campaigns so here I am showing you a tool called asterix native ad spy tool we have a lot of ads by tools I’m not here to promote this tool or whatever or sponsor it just showing you an example so here in the category section I selected business let’s say computers, so it’s something related to my niche okay, and then I will go here and select an ad network let’s say i will go with rev content native ad network i will select language as English, so these are my filters and you can now notice that we have a lot of ads that are clones that are copies to each other why because as I told you affiliate marketers work like this they copy successful campaigns, so you can see this ad is like this one this ad is like this is like this one and so on you can see all these are clones to each other clones to each other they maybe change the image or something or the image title or the ad title, and they run the campaign again you can see a lot of ads, so it can spy on successful products and pick up these products to promote, so this is the second method which is picking a product based on ad spy tools I hope the idea is somehow clear now we reach the core part of affiliate marketing it is marketing It’s promoting the product I think the first part which is picking a product somehow easier we select a product now we have the link to promote but how to promote where to promote what to do now how to get conversions
we have two main strategies number one is content-based strategy number two is direct marketing let’s give an example I will go here to my website to my blog and let’s go here and see the nine best keyword research tools for SEO an article about the best keyword tools if you open this I am creating content here adding value to people sharing information but if you go through my article, so this is the first tool then we have SEMrush stop here I am showing people that SEMrush is a good keyword tool you see thosSEMrushget a commission again we have ah a ref we have HSP tools answer the public and so on so i can promote products through my content other example about content as tutorials like this one how to remove background from image if you remember i created a full case study about promoting Canva using this article please refer to if it’s really an awesome case study you can see a guide a tutorial how to remove background from image and i showed you how to do this using Canva and you can see these green links all these are affiliate links, so this is the first strategy is a promoting with content it may be a video content on YouTube like maybe streaming reviews mobile reviews microphone reviews whatever you want on YouTube or explaining a tool in a video as i do on my channel or maybe on your Instagram account and tiktok creating content on social media about a product to promote it, so we are promoting through content the second type is direct promotion if you go here to again to the add spy tool you can see here like we have this ad let’s open it and let’s visit the page so when someone clicks on the ad he will open this page you can see this page here so it’s directly promoting a product so you can see it’s a direct promotion for the landing page for this product so whenever one someone clicks on get started and signs up you can earn a commission now maybe this product is promoting itself here i don’t know really but this is how direct promotion works you run a campaign and you promote the landing page directly without content or tutorials or videos or real content to explain and give value and so on okay so this is the main two strategies to promote now in this guide here i’m sorry i can’t go in detail how to start a campaign and how to launch a campaign and so on because simply i explained this in detail in my affiliate marketing case studies i explained this in detail on how i promote affiliate links and so on but to sum up things
i will show you now three or four examples again I showed you in my blog I use these links in my articles to promote affiliate and I use a tool called pretty links to automate affiliate links you can see whenever there is a Canva keyword it will be automatically linked to my affiliate link also you can use banner ads you can see this banner ad here I am promoting web services as a banner ad on my website, so there’s another way to promote on your website you can see also my age super tools platform also have ads here I promote affiliate ads also so banner ads or content also if you go to the deal section you will see II services’ have the recommendations page and some page where recommend some service on my website you can see all these links are affiliate links all these services and links are affiliate links and so on now to know more how promote affiliate products how I run campaigns and much more please check my case studies Ii will keep all the links in description below to learn more how I run campaigns how Ii promote certain products and so on, so we picked the products we promoted them,
But we missed something setting up the affiliate marketing system which is step two why I skipped this simply because this depends on the product and how things work as an example in my case here the system is about writing an article about, but Canva so i prepared this and I need to get traffic to this article maybe organic traffic free traffic or simply by running a paid ad like i did in my case study like three weeks ago so if you are promoting if you picked a product from ad spy tools you need to build a landing page like this one this is a landing page a one web page to promote the product and let the user take an action, so maybe you need to create the funnel maybe the email marketing campaign like in my case here I am using a tool called convert kit an email marketing service one of the best in my opinion you can see here is my subscribers list and here you can go to landing page and forms or automations and create an automation funnel and so on like in my case here, so it depends on what is the product and how you want to promote then you can build the system okay, so I will show you this practically how to build the landing page how to pick a certain product we will go in like a live case study to run a product but not now in this video maybe next week I will do this let me know what exactly you are interested in the comments’ section below, so these are the first three steps now the last step is tracking and optimizing your campaigns as an example you can see here in my website I have this banner ad how to know who clicked and bought from this banner ad how can I track this now in my case I am using mainly CJ and impact to pick up products as an example in impact let’s go to the home page, and you want to create a link to promote let’s say I picked up let’s say Canva again here you can pick a certain landing page but in the advanced section here you can select a sub ID let’s say banner one home page if you click now on a creation you will see it will give you this link I will open it I will copy this link I will go here to Firefox other browser open this link now this is my affiliate link so if someone buys through this link I can go here to reports go with all reports and let’s go here performance by sub ID and here in this section you can track which sub I’d got the most conversions, sooo you can track this banner ad exactly how much views how many clicks and so on this is very important to track which link which ad is performing better, so you can optimize analyze your results and so on if you are working with impact or CJ you can do this tracking analysis inside cg and impact if you are using a custom service maybe like the e-bounds here we have limited options we just have the affiliate link to prom,, soo soo we don’t have a lot of options if you are using like maybe let’s say let’s go here to this website video dashboard this is that there’s an affiliate dashboard for a service called NVIDIIII am promoting also if you go here to sources you can add source like a website URUURL and so on then in the assets’ section you’ll see we have the referral link in the advanced section here we can add metadata a sIDIID, so you can also track which subIID is performing better, so it depends on the affiliate network you are using the affiliate products you are promoting the affiliate system that this product is using and so on, so you can track your ads analyze them or usually if you are promoting like ClickBank products or whatever we have services like click magic if you’re going to click magic this is a service that will help you track and improve your campaigns we can try it for free if you want we have also a tool called volume.com this used also by expert affiliate marketers I may also create a full course or full guide about tracking links because tracking is really very important it can boost your conversions really a lot if you track very well optimize your campaigns and see what’s happening exactly, so this is also another tool we have several tours of track campaigns track affiliate conversions and so on we’ll talk about them later on, so these are the four main steps of affiliate marketing hope you got the idea I hope you got real value from this course, and you have the full road map now everything must be now inside your brain please go next and watch my affiliate marketing case studies real case studies how I promoted how I picked products download my resources here the affiliate marketing list and use it super tools to find some products and the most important factor is have to take action not just sit now sit down and watch and say wow it’s a nice video and hit like yes hit like please you can improve the performance of my videos and my channel please go and like the video if you feel you got valueyouu, butttt this is not enough for y, youou, you have to take action you have to pick a product set up the system ask me ask in the groups ask in the forum engage get more help and take action and start your work start working now the last topic for today isyouu,, Iwant to mention simple things that will help you get approvals in websites like impact and CJ let’s start with CJ
here inside the account section or when you sign up if you go to the network profile you are required to add some information about yourself about your website your social media whatever you have so if you want to get acceptance on these websites number oneIi advise you to go and create a website a blog anything Instagram profile tic TAC profile youtube channel any presence online will help you to get acceptance you can see here I told them YouTube have a youtube channel I have two websites i have a newsletter email subscribers I have an experience so add these whenever you sign upIit’s very important also you can Imanage your promotional methods are available as promotional properties inside CJ, and you can add your social profiles your website your blog whatever you want you can see I have my website my blog my youtube channel my newsletter you add the type and so on the same for CJimpact whenever you sign up try to mention your website your blog any presence anything you have online try to mention it to get approval it’s very important this is the main factor to get approval how you are going to promote a service if you have nothing online if you have just started especially for online services especially for digital products you need something to promote so having a website a blog social media presence is very important to get approval but again don’t give triedreboundsy excuse we have services like ClickBank digit store we have a lot of servers here check them in the affiliate table like the triedebounds like GMS we have a lot of servers a simple google search can do the job for you search for affiliate programs doesn’t require approval you will get many programs you can join and start promoting again the main factor is to take action if you have any questions comment them below don’t forget to join telegram channel or group to chat together if you have any questions or problems will be there in the group in the comment section to help you and answer your questions
Bitcoin Target Price Today
Today We’re estimating the Target price of the bitcoin – 27-11-2021
Today We are estimating the Target price of the bitcoin – 25-10-2021
- Target $ 63200
- First Support 62601
- Second Support 61300
The price moved above a little from yesterday, we hope that will swing around 61k to 63k. The Volatile is somewhat better today, Volume also bit increased in the top exchanging platforms.
We thinking to cross more than 3% of growth today
Have you ever driven a non-Qingda at Six Flags Great Adventure? ? If you have, you can understand how HODL Bitcoin feels. Bitcoin price recently one month increased to over $ 10,000, fell to over $ 10,000 the following month. Twitter-text filled with financial advisors Everyone has their theories, but we at Coin telegraph We thought it was time for a more medical approach. So, what exactly are the factors that affect the price of Bitcoin? Demand and Supply: This factor is key. These days, for bitcoin There is no physical equality in the real world, so BTC Sold on exchanges.
The greatest problem in estimating the price of bitcoin These are the factors that affect if it is difficult to predict. Because of this, in the future Instead of estimating the likes of the world, We recommend looking back. See the 2008 financial crisis , See High inflation affecting governments that suffocate the poor and countries around the world. For the last 100 years look at the way money is handled, manipulated and misused. If you do, you worry about the price of bitcoin Stop growing, Begin to be optimistic about how it will change the world.
More from this news Site
How Cryptocurrency Works
There’s Bitcoin. There’s Litecoin. There’s Ethereum. So just what is a cryptocurrency, and how does it work? Essentially, its digital money that’s bought and sold online. There are no bills or coins. It’s not based on another asset like gold. And it doesn’t go through traditional financial institutions like banks. Instead, these currencies operate in a completely decentralized system that uses so-called blockchain technology to track transactions. To see how this works, let’s look at how you’d buy something with cryptocurrency.
Say that Alice wants to buy a bike from Dan using Bitcoin, her cryptocurrency of choice. Alice begins by logging into her Bitcoin wallet with a private key, a unique combination of letters and numbers. With a traditional financial transaction, the exchanges get sent to banks on each side who record the money being subtracted from one account and added to another. But remember, in this scenario, there are no banks or middlemen. Instead, Alice’s transaction is shared with everyone in the Bitcoin network.
These networked computers add Alice’s transaction to a shared list of recent transactions, known as a block. Every 10 minutes, the newest block of transactions is added on, or chained, to all the previous blocks. That’s how you get a blockchain. To ensure that each block of transactions on the chain is verified, a subset of Bitcoin’s network joins a race to solve a difficult math puzzle. And if they solve it first, their record of the block of transactions becomes the official record. They’re rewarded with Bitcoins of their own, and the network gets a new block on the chain. This entire process is known as mining. But instead of chipping away at rock, you’re solving complex puzzles.
The fact that many computers are competing to verify a block ensures that no single computer can monopolize the Bitcoin market. To ensure the competition stays fair and evenly timed, the puzzle becomes harder when more computers join in. The Bitcoin protocol says mining will continue until there are 21 million Bitcoins in existence. That’s set to happen around 2140 — if Bitcoin lasts that long.
Business1 year ago
Affiliate Marketing Beginner To Advanced Tutorial
Education2 years ago
IBPS Clerk Admit Card 2021
Education2 years ago
Top 10 Programming Languages In 2022
Business2 years ago
Bitcoin Target Price Today
Technology2 years ago
Windows 11 Features
Business2 years ago
What is Trading, and How Does it Work? For Complete Beginners
Education2 years ago
DHSE Kerala Plus One Result 2021
Technology2 years ago
iPhone 13 & iPhone 13 mini First Impressions