Prudential Insurance and History

Prudential Insurance and History

is a product of Prudential plc which is a leading international financial services group, providing retail financial services and fund management in its chosen markets: the United Kingdom, America, Asia and continental Europe. Prudential has been writing life insurance in the UK for more than 163 years and has had the largest long-term fund in the UK for more than a century. Today, Prudential has over 21 million customers worldwide and manages more than US $ 502 billion

In the UK, Prudential is a leading provider of life insurance and pension funds leading offering various retail financial products. M & G is Prudential funds in the UK and Europe, which manages more than $ 330 billion. Jackson National Life, acquired by Prudential in 1986, is a provider of long-term savings and pension funds, leading to retail and institutional customers in the United States. In Asia, Prudential is a leading life insurance companies of Europe that has a business network in 12 countries: China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.

As if the history of Prudential?

Prudential Inc. is one of the largest insurance companies in the world with offices worldwide company. many people who do not mengertahui the early history of this company from its establishment until today. Prudential has a long history to become one of the world's giant company level is as follows:

1812

Social welfare which has been the responsibility of the company and partly provided by charitable institutions, this year in the legislated laws is the responsibility of the government. This law is known as Lloyd George's National Insurance Act. Companies - private companies started to pay health and retirement benefits for its employees. Prudential is the Prudential Insurance Company is the first to gain recognition from the government to administer the program. In 1948 as many as 5 million people have enjoyed the benefits of this Prudential program.

1813

Prudential for the first time using the "Powers Samas punch card machines" to reduce the burden of administrative work is increasing. With modern information system for the time being, it can Prudential is recording all the activities it and forward the information of Prudential Approved Societies to administer the new National Health Insurance. By having 150 punch card machines, in 1923, Prudential is a company with the biggest punch card machines in the world. That in the next year Punch Card machines become familiar in accounting. 

1848

Prudential was founded on 30 May 1848 in Hatton Garden, London, England. The company was founded under the name "Mutual Assurance Prudential Investment and Loan Association" with the core business of life insurance and loans to middle economic class in Britain at that time.

1854

After doing business at Prudential puff class did a bold step to open a new kind of insurance the insurance industry, which is addressed to the industrial workers. Where premium ranging from 1 Penny. Prudential is the first to develop insurance business with his agent Agent who sold insurance door to door. This insurance in containers together with an attractive investment and an efficient administrative process.

1856

First time introduced by Prudential A Polis The Printed on Prudential insurance provisions.

This new product opens enormous market for Prudential insurance business.

1860

Prudential Insurance Company Acquires biggest rival, "The British Industry Life Assurance Company" and changed its name to "The British Prudential Assurance Company."

1865

Prudential Insurance Company re-acquired its rival "The Consolidated Life Assurance Company". And make a Prudential Insurance Company Largest In England in the era of the 1860's. And now known as the Prudential, "Prudential Assurance Company"

1871

To meet the administrative work that is increasingly Prudential start hiring female labor administration - which it is not commonly done in the UK at that time. Prudential Premium Income also rose sharply as evidence of the strength of corporate image and public trust. From £ 1,836 in 1851, to £ 52.009 in 1861 and £ 348.975 in 1871. Prudential can build public confidence in the UK in just 20 years.

1879

Prudential moved into offices at Holborn Bars to build a large office in order to maintain his image. The office was designed by a famous British architect Alfred Waterhouse who was also famous as the architect of the Natural History Museum in the UK. This building is a symbol of status as an insurer Prudential in the UK.

1881

Prudential officially became a Limited Liability Company. Or limited liability

1901

The establishment of M & G, Municipal and General Securities Company which is a group of Civil and Constructional Engineering Company White Drummond. 

1919

For the first time became a firm Prudential General Insurance where Prudential sells a wide range of insurance products such as; Fire, Accident, Property, and Other Vehicles other.

1921

Prudential opened a branch office in France, which is the first step to becoming an international company. Agency offices began in established worldwide. And in 1930 opened the first main branch which operates the Independent. Agency office was also founded in India, Canada, Australia, Africa, Far East Asia and Malaysia.

1926

Ad and Brand Imaging began in doing seriously. Created a special department for it. The department is tasked to maintain Images Prudential brand around the world and also to help socialize prudential products are continuously developed.

1929

Group pension is introduced for the first time. As a new product, which provides security and prosperity for the productive age.

1931

Mutual Fund Investment Company and M & G was founded. The company is the first Asset Management in the UK. I first invested in the shares of 24 of the best companies in the UK. The idea of ​​making the company came after the fall of the Wall Street stock exchange in 1929.

1940
The entire staff and office activities transferred to Turkey during the war

1949
First time in the familiar term "The Man From the Pru". This image was so impressed at the time. Prudential managed to make the image insurance agent is a respectable job.

1961
Jackson National Life office first opened in Jackson, Michigan USA.
 

Share this post