How to get maximum returns from mutual funds? -The Total Investment & Insurance Solutions

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6Th Aug 2016

My Answer is the best way to invest in mutual funds is investing through SIP every month. Each small amount invested through mutual fund every month would create a good amount over a period of time.

How to get maximum returns from mutual funds? (The Total Investment & Insurance Solutions)

Bull Run is continuing. Stocks are zooming and reaching new highs. Experts believe that markets would touch new peaks in coming months. Investors are in dilemma whether to continue investing or to book profits. Since one cannot predict stock market direction always, the best way is invest in mutual funds. A disciplined way of investing in mutual funds by considering a few factors would help you to get good returns. The Total Investment & Insurance Solutions

How to get maximum returns from mutual funds?

1) Invest through SIP: Best way to invest in mutual funds is investing through SIP every month. Each small amount invested through mutual fund every month would create a good amount over a period of time. Do you know that Rs 5,000 per month invested through SIP in equity fund with an annualized returns of 12% can yield you Rs 25 Lakhs in 15 years. The Total Investment & Insurance Solutions

2) Invest based on risk appetite: High risk appetite investors should go more towards equity funds, moderate risk appetite investors should be investing in hybrid funds (Equity + debt combination) and low risk appetite investors should be investing more in debt related funds. E.g. Reliance Small Cap fund, which is for high risk investors gave 140% returns in 1 year. This does not mean you would get such returns every year. But investing based on your risk style would help you to get high returns. The Total Investment & Insurance Solutions

3) Invest in various categories of funds: Large cap, mid-cap and small-cap funds perform differently over a period of time in various market scenarios. Hence, investing in various categories of such funds would help you to get maximum returns. E.g. Franklin India Smaller companies fund focuses on potential small companies. This fund has outperformed and given 100% returns in last 1 year and annualized returns of 24% in last 5 years. Mid-cap funds may not provide such returns every year. But investing in such mid-cap fund would help you to get maximum return over a period of time. The Total Investment & Insurance Solutions

4) Invest in sectors that are expected to outperform: There are high risk investors who are willing to take risks and invest in high risk funds like sector funds. Such investors can consider sectors that are likely to out-perform in the near future and invest in such funds. E.g. Infrastructure sector, though has reached some peak, is still expected to outperform in next 3 to 5 years. Considering Infra funds or banking funds (which would indirectly boost infra sector by way of funding) for short term to medium term of 3 to 5 years would be a best bet. The Total Investment & Insurance Solutions

5) Invest in funds based on your financial goal: One of the area where investors fail to understand about mutual funds is they invest in wrong funds or misunderstand about the basic principle that they need to hold for the long term. Don’t invest just because a mutual fund scheme has given 100% returns in one year. You should know that such fund could erode your capital if there is market crash. Invest in mutual funds based on your financial goal. E.g. You want to save money of Rs 30 Lakhs for your child foreign education in next 15 years. If you can invest Rs 6,000 per month in well diversified mutual fund portfolio for 15 years, you can easily achieve this goal. Hence, your investment should always be based on a pre-defined goal to achieve best results. The Total Investment & Insurance Solutions

 6) Use STP for lump sum mutual fund investments: One of the biggest mistake investor would do is investing a lump sum in equity funds. This may be a good strategy during market corrections. However, when markets are reaching peak or when you do not know its direction, the best way to invest a lump sum in mutual funds is invest in short term debt funds and do STP (Systematic Transfer Plan) to equity funds over a period of time. This is nothing but you are doing SIP to equity fund from debt fund thereby reducing risk of investing a lump sum in mutual fund. The Total Investment & Insurance Solutions

Concluding remarks: Following these simple principles can help you to maximize returns in mutual funds. Stop waiting for market correction and start investing in mutual funds through SIP now. The Total Investment & Insurance Solutions

Global Markets & News-The Total Investment & Insurance Solutions

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5Th Aug 2016

OVERNIGHT MARKETS AND NEWS

Sep E-mini S&Ps (ESU16 +0.19%) are up +0.27% and European stocks are up +0.34% on speculation central banks around the world will continue to implement measures to support the global economy. Trading activity was light ahead of this morning's monthly U.S. payrolls report. Stronger-than-expected company quarterly earnings results are giving stocks a boost with Priceline Group up nearly 5% and Kraft Heinz up over 3% in pre-market trading. Gains in stocks were limited as an -0.88% decline in crude oil prices (CLU16 -0.86%) put pressure on energy producing stocks, while the upside in European equities was contained after German Jun factory orders came in weaker-than-expected. Asian stocks settled mixed: Japan unch, Hong Kong +1.44%, China -0.19%, Taiwan +0.75%, Australia +0.39%, Singapore -0.13%, South Korea +1.25%, India +1.31%.

The dollar index (DXY00 -0.17%) is down -0.11%. EUR/USD (^EURUSD) is up +0.17%. USD/JPY (^USDJPY) is down -0.17%.

Sep T-note prices (ZNU16 +0.04%) are little changed, up +1 tick.

German Jun factory orders of -0.4% m/m and -3.1% y/y were weaker than expectations of +0.5% m/m and -1.5% y/y with the -3.1% y/y drop the largest year-over-year decline in 3-3/4 years.The Total Investment & Insurance Solutions

U.S. STOCK PREVIEW

Key U.S. news today includes: (1) Jul non-farm payrolls (expected +180,000, Jun +287,000) and Jul unemployment rate (expected -0.1 to 4.8%, Jun +0.2 to 4.9%), (2) Jun trade balance (expected -$43.0 billion, May -$41.1 billion), and (3) Jun consumer credit expected +16.0 billion, May +$18.558 billion.

There are 8 of the S&P 500 companies that report earnings today: Berkshire Hathaway (consensus $2911), CenterPoint Energy (0.20), Weyerhaeuser (0.22), AES (0.16), DENTSPLY STRONA (0.0), Ameren (0.52), Cognizant Technology (0.82), Willis Towers Watson (1.63).

U.S. IPO's scheduled to price today: none.

Equity conferences today: none.The Total Investment & Insurance Solutions

OVERNIGHT U.S. STOCK MOVERS

TKraft Heinz (KHC +0.75%) rose over3% in pre-market trading after it reported Q2 adjusted EPS of 85 cents, higher than consensus of 71 cents.

Priceline Group (PCLN -0.81%) climbed nearly 5% in pre-market trading after it reported Q2 adjusted EPS of $13.93, well above consensus of $12.67.

Esterline Technologies (ESL +1.19%) rallied over 4% in after-hours trading after it reported Q3 adjusted EPS of $1.38, better than consensus of $1.30.

Activision Blizzard (ATVI +1.11%) gained over 1% in after-hours trading after it reported Q2 adjusted EPS of 54 cents, above consensus of 43 cents.

Monster Beverage (MNST +0.52%) rose over 2% in after-hours trading after it reported Q2 revenue of $827.5 million, higher than consensus of $804.2 million.

Weight Watchers International (WTW +5.37%) dropped over 6% in after-hours trading after it reported Q2 revenue of $309.8 million, below consensus of $318.5 million.

Symantec (SYMC +0.62%) climbed over 4% in after-hours trading after it raised guidance on fiscal 2017 adjusted EPS of $1.08-$1.14 from a May 12 view of $1.06-$1.10

Take-Two Interactive Software (TTWO -0.54%) gained over 3% in after-hours trading after it reported a Q1 loss of -21 cents per share, a smaller loss than consensus of -29 cents.

Universal Display (OLED -2.40%) dropped 8% in after-hours trading after it reported Q2 EPS of 46 cents, weaker than consensus of 51 cents.

El Pollo Loco Holdings (LOCO -0.15%) rose over 8% in after-hours trading after it reported Q2 system-wide comparable sales were up +2.4%, better than consensus of +1.6%,

Mastec (MTZ -1.69%) climbed over 12% in after-hours trading after it raised guidance on 2016 adjusted EPS to $1.57, above a prior forecast of $1.37-$1.47.

Pacific Biosciences of California (PACB unch) jumped over 13% in after-hours trading after it reported a Q2 loss of -21 cents, smaller than consensus of-22 cents.

FireEye (FEYE -3.01%) slumped over 13% in after-hours trading after it said it now sees an adjusted loss per share this year between -$1.28 to -$1.32, a bigger loss than a previous estimate of -$1.20 to -$1.27.

Rackspace Hosting (RAX +14.64%) surged over 18% in after-hours trading after Dow Jones reported that it is in advanced talks to be sold to a PE firm.

Hortonworks (HDP -0.47%) plunged over 25% in after-hours trading after it reported a Q1 non-GAAP loss of -72 cents, wider than expectations of -68cents.

The Total Investment & Insurance Solutions

MARKET COMMENTS

Sep E-mini S&Ps (ESU16 +0.19%) this morning are up +5.75 points (+0.27%). Thursday's closes: S&P 500 +0.02%, Dow Jones -0.02%, Nasdaq +0.20%. The S&P 500 on Thursday closed slightly higher on the BOE's interest rate cut and new QE program and on the stronger-than-expected U.S. Jun factory orders report (-1.5% and +0.4% ex transportation vs. expectations of -1.9% and -0.2% ex transportation). Stocks were slightly undercut by the +3,000 increase in U.S. weekly initial unemployment claims.

Sep 10-year T-notes (ZNU16 +0.04%) this morning are up +1 tick. Thursday's closes: TYU6 +12.00, FVU6 +6.25. Sep T-notes on Thursday closed higher on carry-over support from a rally in UK gilt prices to a record high after the BOE cut interest rates and expanded stimulus measures.

The dollar index (DXY00 -0.17%) this morning is down -0.110 (-0.11%). EUR/USD (^EURUSD) is up +0.0019 (+0.17%). USD/JPY (^USDJPY) is down-0.17 (-0.17%). Thursday's closes: Dollar index +0.195 (+0.20%), EUR/USD -0.0019 (-0.17%), USD/JPY -0.02 (-0.02%). The dollar index on Thursday closed higher on weakness in GBP/USD which fell to a 1-week low after the BOE cut its benchmark interest rate by 25 bp to a record low 0.25% and boosted its asset purchase target by 60 billion pounds to 435 billion pounds. The dollar also received a boost from the stronger-than-expected U.S. Jun factory orders report.

Sep WTI crude oil (CLU16 -0.86%) this morning is down -37 cents (-0.88%) and Sep gasoline (RBU16 -1.02%) is down -0.0129 (-0.94%). Thursday's closes: CLU6 +1.10 (+2.69%), RBU6 +0.0181 (+1.34%). Sep crude oil and gasoline on Thursday closed higher on the BOE's new stimulus measures and on the closure of the two biggest Mexican Gulf Coast oil export terminals due to Tropical Storm Earl. A bearish factor was the stronger dollar.The Total Investment & Insurance Solutions

Missed Call To Know Your Bank Balance, Last Transactions-The Total Investment & Insurance Solutions

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5Th Aug 2016

Often, we need to know the latest bank balance. For this we may log in through the net or go to the nearest ATM centre or call the branch. Some of us may be using phone-banking. But all these options are time-consuming, particularly, the phone-banking facility, where you have to press some numbers if you want to know something, and then another number for going to a particular menu and then giving PIN and then… and it continues! If you call the branch, the concerned staff member will ask you a few questions to know your identity. However, some banks do not entertain such requests over the telephone for security reasons.The Total Investment & Insurance Solutions

Readers will be delighted to know that most banks have introduced a unique facility which is very easy to use and not at all time-consuming. Give a missed call to a specific number. It gets disconnected automatically after one or two rings and, within seconds, you get an SMS on your mobile giving details of your account number and the balance. Generally, the first four and the last five digits of the account number are shown in the SMS and digits in the middle are encrypted with either XXXX or *****. Such SMS also gives details like date, time and balance in the bank fixed deposit that is linked to your account.

 

Remember one thing; your mobile number must be registered with your bank for availing this facility. If not, simply fill up a form available at the branch, sign it and hand it over to the officer. Also, enquire if there are any charges for the missed call and clarify whether there are any hidden charges, particularly for the SMS that is sent by the bank. Most banks do not levy any charge for missed-call banking facility; but do check with you own bank.The Total Investment & Insurance Solutions

 

An official from HDFC Bank told Moneylifethat there are no charges, for either the SMS sent by the Bank or the call made by customers on its toll-free number for balance enquiry.  A wonderful thing in core banking environment is that you can link all your accounts within the bank and then register your mobile number for all of them. In such a case, only one SMS from the bank will give your balance in all these accounts along with account type and account number. Again, the balance shown is the real-time balance, that is, the balance available in your account/s at that specific time when you gave a missed call. If a cheque is presented through clearing even after a second, it will not be considered. Very rarely, it may happen that you do not receive an SMS. This generally takes place when the data server is under tremendous pressure. So please try again after a few minutes. We give below, for ready reference, the phone numbers of some prominent banks. Please try out. If there is no response, please verify the number. If your account number is not linked with your mobile, you will receive an SMS. If your bank name does not appear in the list, please contact them, to get the number, if any.The Total Investment & Insurance Solutions

Government pegs inflation target at 4% for five years -The Total Investment & Insurance Solutions

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5Th Aug 2016

The central government on Friday notified a 4% inflation target, plus or minus 2%, for the next five years under the monetary policy framework agreement with the Reserve Bank of India.The Total Investment & Insurance Solutions

 

A notification tabled in the Lok Sabha fixed inflation target at 4% with upper tolerance level of 6%, while the lower limit could be fixed at 2%.

 

"In view of the powers conferred by Section 45ZA of the RBI Act, 1934, the central government, in consultation with the bank (RBI), hereby notifies the inflation target beginning from the date of publication of this notification and ending on March 31, 2021," the notification said.

 

The announcement is seen as an important strategy of the inflation-fight policy pioneered by the outgoing RBI Governor Raghuram Rajan.

 

The government and the RBI had in early 2015 entered into a monetary policy framework agreement, under which RBI would set the policy interest rates and aim to bring inflation below 6% by January 2016.

 

Against this backdrop, the central government had also amended the RBI Act through Finance Act, 2016. However, the inflation target was not mentioned.The Total Investment & Insurance Solutions

 

The government has also started the process of setting up a Monetary Policy Committee. The MPC would be mandated to set the interest rate -- a practice now being done by the RBI.

 

The interest rates would be based on inflation target set up by the government and also agreed upon by the RBI.

 

However, according to media reports, some experts including former RBI Governor D. Subbarao have disfavoured fixing inflation target given the challenge to ensure financial stability.The Total Investment & Insurance Solutions

Hyundai to increase prices across models-The Total Investment & Insurance Solutions

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5Th Aug 2016

Automobile manufacturer Hyundai Motor India (HMIL) on Friday said that it will increase the prices of all models across its entire range from August 16.

 

The company pointed out that the depreciation in rupee's value and increase in input cost mandated the move. 

 

"The rupee depreciation and increase in raw materials cost have impacted our overall costs," said Rakesh Srivastava, Senior Vice President, Sales and Marketing, HMIL.The Total Investment & Insurance Solutions

 

According to Srivastava, the prices will be increased from Rs 3,000 to Rs 20,000 across models.The Total Investment & Insurance Solutions

 

"We have been absorbing most of the costs but now we are compelled to consider the price increase. We will be increasing the prices from August 16, 2016 by Rs.3,000 to Rs.20,000 across models," Srivastava added.

 

Currently the company offers ten car models across segments -- Eon, i10, Grand i10, Elite i20, Active i20, Xcent, Verna, Creta, Elantra and Santa Fe.The Total Investment & Insurance Solutions

Nifty, Sensex to head higher – Weekly closing report -The Total Investment & Insunce Solutions

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5Th Aug 2016

I had mentioned in last week’s closing report that Nifty, Sensex were overbought, but that there was no sign of weakness yet. On Thursday, we mentioned that the markets may rally a bit. On Friday, the markets rose sharply. Sensex was up by 363.98 points and Nifty by 135 points. The major indices of the Indian stock markets were bullish for most of the week, but were often struggling to rise higher – sometimes ending flat at the end of the day’s trading. On Friday, there was a strong rally and the major indices closed more than 1% higher than Thursday’s close.The Total Investment & Insurance Solutions 

Major Indices (The Total Investment & Insurance Solutions)

 

Apprehensions over global events subdued the Indian equity markets on Monday. The key indices closed the day's trade on a flat note, as heavy selling pressure was witnessed in capital goods and banking stocks. The equity markets had receded after they touched new intra-day highs in almost a year. On the NSE, there were 528 advances, 910 declines and 45 unchanged. However, global cues from the Asian markets were positive. The BSE market breadth was tilted in favour of the bears -- with 1,563 declines and 1,178 advances. 

The country's largest carmaker Maruti Suzuki India on Monday reported a 12.7% increase in its total sales in July, to 1,37,116 units as compared to 1,21,712 units sold in the same month last year. The company July posted its highest ever monthly domestic sales to 1,25,778 units, up 13.9% from 1,10,405 units sold in the year-ago month, the car maker said in a filing to BSE. In July, sales of mini segment cars fell by 7.2% to 35,051 units as compared to 37,752 units sold in July 2015. The company said its total passenger cars sales in the month grew by only 2.2% to 93,634 units as compared to 91,602 units sold in the corresponding month last year. Sales of utility vehicles soared by a whopping 151.3% to 17,382 units in July this year from 6,916 units in the corresponding month last year while sales of vans grew 24.1% to 14,748 units in July as against 1,887 units in the same month last year. Exports during the month increased marginally by 0.3% to 11,338 units as compared to 11,307 units in July last year, the carmaker said. The company’s shares closed at Rs4,869.80, up 2.41% on the BSE.

Negative global cues subdued the Indian equity markets during the mid-afternoon trade session on Tuesday as selling pressure was witnessed in metal and healthcare stocks. However, increased chances of a key economic legislation's passage during parliament's monsoon session and positive macro-economic data supported prices at lower levels. On the NSE, there were 411 advances, 1,033 declines and 46 unchanged. Banking stocks traded sideways to firm on some buying support. Most sugar sector stocks faced profit booking, while auto stocks held their initial gains.The Total Investment & Insurance Solutions  

On Wednesday, in line with global cues from the Asian stock markets and on uncertainties regarding the passage of the GST (Goods and Services Tax) bill in the Rajya Sabha the major indices of the Indian stock markets suffered a correction of around 1%. Selling pressure was witnessed in automobile, capital goods and fast moving consumer goods (FMCG) stocks. The BSE market breadth was skewed in favour of the bears -- with 1,815 declines and 914 advances. On the NSE, on Wednesday, there were 423 advances, 1,178 declines and 243 unchanged. The Total Investment & Insurance Solutions

Investors were watching the GST bill's passage after the union cabinet last week approved key changes in the proposed legislation. The amendments in the bill, scheduled to be moved by Finance Minister Arun Jaitley in the Rajya Sabha, were expected to sail through with the government scrapping the additional levy of 1% proposed earlier. Technically called the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, it was proposed to delete Clause 18 of the original bill that intended to compensate the manufacturing states with 1% additional duty for a period of two years or more for revenue losses. The pan-India tax reform had been passed by the Lok Sabha but was stuck in the Rajya Sabha, where the government lacks a majority.

Profit booking, along with negative Asian indices and a weak rupee, subdued the Indian equity markets on Thursday. However, a fresh bout of buying support and short covering during the last hour of the day's trade saw the key indices closing on a flat-to-positive note. The BSE market breadth was tilted in favour of the bulls during the second half of the session, closing with 1,444 advances and 1,258 declines. On the NSE, on Thursday, there were 764 advances, 677 declines and 59 unchanged.

As India took a big leap towards a unified Goods and Services Tax (GST) regime across the country, with the upper house of parliament passing the relevant Constitution amendment bill on Wednesday, industry biggies and major think tanks said this transformational change is a win-win situation and hoped it would be implemented soon. Marie Diron, Senior Vice President, Sovereign Risk Group, Moody's Investors Service said, “The short-term credit implications of GST for the sovereign will be limited. In the medium term, GST is likely to have a positive impact on the economy and government revenues. We assume that GST will have no significant impact on inflation, in line with the revenue-neutral framework.” This development was found likely to be favourable for both FDI and FII (foreign institutional investors) to invest in India.

On Friday, the markets rallied as the central government had clearly shown that economic and fiscal reforms were well on their way. A strong green signal of a strong and able government in Delhi improved the optimism of businessmen and investors alike. On Friday, the major indices closed more than 1% higher than Thursday’s close, setting the stage of a bullish week. The Total Investment & Insurance Solutions

Nifty, Sensex may rise a bit – Thursday closing report-The Total Investment & Insurance Solutions

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4Th Aug 2016

 

Major Indices (The Total Investment & Insurance Solutions)

I had mentioned in Wednesday’s closing report that Nifty, Sensex may move in a narrow range. The major indices of the Indian stock markets were range-bound on Thursday and closed with namesake small gains over Wednesday’s close. The trends of the major indices in the course of Thursday’s trading are given in the table below: The Total Investment & Insurance Solutions

Profit booking, along with negative Asian indices and a weak rupee, subdued the Indian equity markets on Thursday. However, a fresh bout of buying support and short covering during the last hour of the day's trade saw the key indices closing on a flat-to-positive note. The BSE market breadth was tilted in favour of the bulls during the second half of the session, closing with 1,444 advances and 1,258 declines. On the NSE, on Thursday, there were 764 advances, 677 declines and 59 unchanged. The Total Investment & Insurance Solutions

Bata India has changed its strategy of opening over 100 stores a year and would start concentrating on same store growth, a said Chairman Uday Khanna on Thursday. It also plans to set up online kiosks in some major retail stores across the country. The shoe maker added 26 new retail stores during the last financial year, Khanna told shareholders at the company's 83rd annual general meeting. The company continues to penetrate into tier 2 and tier 3 cities in India and other rural markets, he said. The footwear maker has been investing to strengthen its digital multi-channel business division along with logistics division with due importance for delivery of footwear and accessories, its latest annual report said. In 2015-16, online sales reached Rs40 crore. The company reported standalone net profit of Rs50.49 crore for the first quarter ended June 30 as compared to Rs50.18 crore in the same period last year. The company’s shares closed at Rs528.65, down 4.44% on the BSE. The Total Investment & Insurance Solutions

The Central Board of Direct Taxes (CBDT) has entered into an advance pricing agreement (APA) with an Indian subsidiary of a Japanese trading company to foster a non-adversarial tax regime. "Signing of this bilateral APA is an important step towards ascertaining certainty in transfer pricing matters of multinational company cases and dispute resolution," said a statement issued here by the Finance Ministry under which the CBDT functions. The agreement was signed on August 2. The scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance. "The progress of the APA Scheme strengthens the government's mission of fostering a non-adversarial tax regime," the statement said. Overall, it is fourth bilateral APA signed by the CBDT. The APA scheme was introduced in the Income-tax Act in 2012. The CBDT expects more APAs to be signed in the near future, it said. The agreement is likely to be favourable for FDI (Foreign Direct Investment) in India.

As India took a big leap towards a unified Goods and Services Tax (GST) regime across the country, with the upper house of parliament passing the relevant Constitution amendment bill on Wednesday, industry biggies and major think tanks said this transformational change is a win-win situation and hoped it will be implemented soon. Marie Diron, Senior Vice President, Sovereign Risk Group, Moody's Investors Service said, “The short-term credit implications of GST for the sovereign will be limited. In the medium term, GST is likely to have a positive impact on the economy and government revenues. We assume that GST will have no significant impact on inflation, in line with the revenue-neutral framework.” This development is likely to be favourable for both FDI and FII (foreign institutional investors) to invest in India. The Total Investment & Insurance Solutions

The central government has decided to import another 30,000 tonnes of pulses for the buffer stock, official sources said on Thursday. The Price Stabilization Fund chaired by Consumer Affairs Secretary Hem Pande at a meeting here on Wednesday decided that fresh imports will include 20,000 tonnes of Tur dal and 10,000 tonnes of Urad. The government agencies have also procured about 1.19 million tonnes of pulses from the domestic market, official sources said. "The department of Consumer Affairs has requested state governments repeatedly to lift the pulses Tur and Urad from the buffer stock for distribution at not more than Rs 120/kg. Tur is being provided to the state at the rate of Rs67/kg and Urad at Rs 82/kg," a source said. Over 29,000 tonnes of pulses were allocated to the states as on August 1, 2016 but only three states have lifted some quantities against their allotments. Prices of pulses continue to be high despite a series of efforts from the government to put things under check. With agricultural imports drawing upon foreign exchange reserves of the country, inflation and stability of the rupee are likely to come under government control and the stock markets are likely to be subdued to that extent.

The top gainers and top losers of the major indices are given in the table below:

 

Top Gainer (The Total Investment & Insurance Solutions)

The closing values of the major Asian indices are given in the table below: The Total Investment & Insurance Solutions

Asian Indices (The Total Investment & Insurance Solutions)