I really don't want to hang up

Chapter 316 New Explanation of Insurance
Fog has a new joke recently.

The rednecks in the south are having a joke again.

That's right, although they are both from the Little United Kingdom, the people of Wudu are always superior to others, and the nobles of Wudu are second-class.

There was a poor woman among the country bumpkins, perhaps driven mad by her illness, and before she died, she declared that she would leave all her property to a cat!

What's even more absurd is that there is actually a bank that is willing to accept this crazy deal!

On the day that Bank of Nice announced the matter, a few big customers of Wudu came to the door angrily, yelling dissatisfiedly, demanding a refund!
How can they be compared with a cat with such a noble status? !
Still a redneck cat!
Either get this cat out or they quit!
They had inquired beforehand, and the old woman didn't leave much money at all, she was just an ordinary bumpkin.

To everyone's surprise, Nice Bank actually refunded the money!

For a cat, a powerless and helpless cat, they chose to give up many big clients!

This news was dug out by the tabloids, and immediately shocked Wudu!

People began to look at the joke mentality, and gradually became serious, seriously discussing the game behind this incident, trying to find out what Bank of Nice thinks.

Only a few people noticed that the business department of Bank of Nice, which was somewhat sluggish, gradually became lively.

Nanhenwumei Island, the headquarters of the Bank of Nice.

A slightly old carriage was parked at the entrance of the headquarters.

An old man and a young man got off the carriage. The young man's cheeks were flushed, not like people from the Little United Kingdom, supporting the old man.

The old man was wearing a ferret fur cap, and although there were not many kinds of jewelry on his body, all of them were valuable.

The old man walked into the headquarters of the Bank of Nice, and soon someone thoughtfully delivered a wheelchair.

They are the leaders of a certain tribe on the snowfield, with prominent family background and high positions.

However, there is no invincible kingdom of God in the world.

No matter how prominent a family is, there will be a day of decline.

The old man is getting old, and wants to leave something for a beloved grandson, so as not to be robbed by the same or foreign race.

According to the traditional practice on the snowy plain, they used to store their money in Shenbang, and after the fall of the Shenbang Empire, the money was deposited in the Little United Kingdom.

When I was young, I often heard people mention this kind of thing. The most popular one was Fengya Bank, which had a good reputation.

A few years have passed in a flash, what has changed in the structure of the Little United Kingdom, the grown-up teenager does not know.

His grandfather, the dying Goshawk, can keenly perceive these changes.

Therefore, instead of going to Wudu or Fengya Bank, they came here.

Pushing the wheelchair, the boy whispered into the old man's ear,

"Grandpa, why are you here?"

"There is an old saying in the mysterious and rich East, you can see the small things."

The old man said listlessly,

"The Bank of Nice Had a Cat"

"I know that cat!"

The young man nodded and agreed,

"An old woman left all her money to that cat. It seems to be half a year ago. I have seen reports of that cat in newspapers a few times!"

"That's right."

The old man struggled to breathe before he could utter a complete sentence,
"Even a cat, Bank of Nice can take care of it so well, let alone people."

The boy never imagined that the reason why grandpa chose Nice Bank was so simple?
Of course it's not that simple.

In the case of the cat, several lawsuits were fought in the Little United Kingdom. The heirs of the old woman hated the cat and wanted to regain their inheritance.

In court, Nice Bank won both!

That cat still lives in the old woman's castle and is being taken care of!

At the same time, the Kingdom of Nice kept calling out to the outside world, refusing any kingdom or force to interfere with the business of the Bank of Nice.

Advertisements are always just advertisements, what everyone sees is the curative effect!
King of the North, Governor of the South, the world of the Little United Kingdom seems to be divided into two.

And the master behind the Nice Bank is the legendary Mr. Ludden, the Governor!

Therefore, the reason for choosing Nice Bank is the same as the reason for choosing Fengya Bank. In essence, it is to choose the game rules of Mr. Luden and Mr. Luden.

Because Mr. Luden has proved countless times that he never lifts the table.

How did the rules of the game come about, and how did he play it.

Nice Bank is a well-behaved, good bank that people can trust.

That's why the grandpa and grandson appeared here, planning to deposit a fortune in the Bank of Nice.

The person who received them was a vice president with outstanding business ability and impeccable workmanship.

It is said that Mr. Luden is next door.

Under the gesture of the old man, the boy left the room under the pretext of going to the bathroom, and sneaked out of the office next door, wanting to see Mr. Luden's demeanor.

Through the crack of the door, he saw a middle-aged man writing and drawing on the wall.

".We are going to develop a new insurance product, and I am considering whether to issue it under the name of Bank of Nice, or to re-establish an insurance company."

Michael must treat Mr. Luden's words with caution.

He pointed out his doubts and asked puzzledly,
"Boss, I understand selling insurance. Although the profit in this business is not high, it is indispensable. However, even if we can get a business license, it will be difficult for us to enter the existing market!"

For insurance companies, there are two biggest problems:

Money, business license.

As long as these two problems are solved, everything else is substitutable, there is no core competitiveness, and there is no irreplaceability.

In Michael's assumption, these two problems are not considered. Since Mr. Luden wants to do it, there must be a solution.

He is very clear that the insurance market is a saturated market, and without major changes, it will be difficult for them to get a piece of the pie.

Moreover, any method seems to be difficult to be effective in the insurance industry.

Run?

This trick works for banks, not for insurance.

The premise of a run is that the insurance takes effect. If a disaster is artificially created, it will not be the insurance company that will die, but Mr. Luden and others.

Moreover, the insurance company will use the payment as an advertisement to spread it around!

Such ads are generally effective, and people are more willing to trust a paying insurance company than a new insurance company.

In Michael's view, the insurance market is like a hedgehog, which makes it difficult for people to speak.

Facing Michael's doubts, Mr. Luden gave a perfect solution:

"We can launch a new product!"

Michael asked curiously, "What product?"

"A payout product for individuals!"

Luden said confidently,

"After the miners are insured, if they die, we will pay the compensation to the individual, instead of paying the money to the mine to make up for the loss of the mine owner as in the past few hundred years."

Starting from Shenbang four hundred years ago, the insurance covers the boss's insurance, not the worker's insurance.

According to the inventor of insurance back then, in mine accidents, the biggest loss is the boss!

The boss should be paid first!

It is precisely because of the compensation from the insurance company that the mine owner does not need to claim compensation from the wrecked miners, reducing their burden.

Four hundred years later, Mr. Luden made a bold decision!

Open the era of personal insurance!
Listening to Luden's words, Michael fell into deep thought, before speaking after a long time,
"Hiss insurance, can you really sell it like this?"

(End of this chapter)