|
|
Welcome
When
we were preparing a skiing related theme for our stand at the
Leaseurope/Eurofinas Convention this year, we did not predict the “twists
and turns” that the credit crisis would take, nor that they would lead down
such a very “slippery slope” in the stock markets and end “off piste” and over
a cliff in Iceland. By contrast, we remembered blue skies, crisp sunny days
and fun on the slopes and hope to convey the same optimism in this issue of
our newsletter and presentation “Stay Ahead – Beat the Economic Winter”
 Marketing
Coordinator
|
|
|
Leaseurope/Eurofinas Annual Convention
John Chadwick reports on the Madrid Oct 08 Convention
Whilst Leaseurope was well attended in Madrid this year, with a
record number of attendees and a wide variety of speakers and
topics covered, the biggest discussion outside of the conference
sessions was, of course, the global crisis in banking!
Some delegates and speakers, realising that they might have greater
responsibility in the near future due to almost enforced take-overs,
and some with internal crises to resolve, were unable to attend at the
last minute. Seasoned professionals were saying that they had never
seen anything like this in their entire careers (some very long!) The
conference however was a stimulating and thought provoking event
and a great place to catch up with peers in
the industry. There was still an underlying optimism for the future of the industry despite the current turmoil. |
Stay Ahead - Beat the Economic Winter
 For over 16 years Lease & Loan Insurance Services Ltd has been
offering automatic asset insurance in Europe. This credit crunch may be
different from other down-turns in the economy, but in the past
businesses have continued to lease equipment in uncertain times rather
than purchase outright.
Our automatic asset insurance programme, provides equipment leasing
and finance companies with the potential to earn an additional revenue
stream. The programme is totally outsourced, which means that Lease & Loan Insurance Services Ltd helps
simplify the sales process and takes care of the complete administration and claims process, which in turn
reduces costs to our clients’ business. We are used to meeting regulatory requirements for selling insurance
across Europe and the programme can be tailored to the needs of different equipment portfolios.
Visit our website for more information
|
 |
 |
LLISL attended the annual FLA Motor Finance Convention on 12th November 2008 and saw at first hand how the media reports of doom and gloom in the automotive sector matched reality.
Sadly it was difficult to pick out
many rays of sunshine in what was
a pretty dismal forecast from the
professionals that spoke and it was
clear that, in order to survive, there
will be considerable consolidation,
down-sizing, as well as a focus on
fee income, to produce much
needed revenue not purely from
motor sales.
|
Whilst overall sales of cars are well
down, the FLA report that the
amount of new cars financed at the
point of sale is showing a distinct
upturn - indicating that as customers
struggle to find credit from traditional
sources their dealers are most able
to support them in their purchase.
This, of course, also represents an
excellent opportunity to capitalize on
this time with the customer to offer
other value-added insurance
products to protect him or her.
LLISL has an excellent overview
across this sector from its own client
base and has found that enquiries
for products such as Early
|
Termination Insurance have
increased during the credit crunch.
Consumers are looking to protect
their new outlay with insurance that
protects them should the credit
crunch bite or an event force them
to terminate early during a
vulnerable time.
 |
|
 |
Motor insurance claims - Would you believe it?
'I was on my way to the doctor
with rear end trouble when my
universal joint gave way
causing me to have an
accident.'
‘I knocked over a man. He
admitted it was his fault as he
had been run over before.’
‘I collided with a stationary
truck coming the other way.’
|
No speeding on the piste
Surprisingly, there are few strange
claims directly relating to skiing to
be found on the Internet, though,
according to reports there were
over 70,000 accidents on the
Swiss slopes alone last year.
Swiss Accident Insurance (Suva)
is planning to put speed cameras
on the slopes to reduce the
number of accidents.
|
Strange claim to fame
In the 1988 Winter Olympics,
bespectacled Eddie “the Eagle”
Edwards amazed the world by
entering the ski-jump after only
a few practice runs. He
survived his first jump to find he
was locked out of his cabin with
all his clothes inside. He was
not allowed in to his own press
conference as he did not have
the right credentials. A true
Olympian, Eddie said he did not
train in the gym as it made him
ache.
|
|
Lease
& Loan Insurance Services Ltd | 32 Queen Square | Bristol BS1
4ND | United Kingdom
Unsubscribe
- Click
here to notify us if you do not wish to receive further email
newsletters
|
|
|
