Ministry of Finance. Insurance. Bureau
|
|
- Osborne Wiggins
- 8 years ago
- Views:
Transcription
1
2 Ministry of Finance Capital Market and Financial Institutions Supervisory Agency Other Directorat General/Agency Other Echelon I unit Research and Information Technology Bureau Insurance Bureau Other Other Bureaus Other Bureaus Bureaus
3 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency
4 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency
5
6
7 (Billion Rp) * Life 22, , , , , , GrowthLife 23% 66% 11% 23% 26% Non Life ** 18, , , , , , GrowthNon Life 5% 12% 18% 10% 22% Social 2, , , , , , GrowthSocial 11% 14% 44% 18% 5% Civil Servants, Armed Force, Police 4, , , , , , Growth Civil Servants, Armed Forces, Police 22% 26% 22% 59% 12% All Industry 48, , , , , , GrowthIndustry 16% 40% 15% 22% 17% Note: * : Unaudited ** : Including reinsurance bussiness
8 (Billion Rp) * Life 53, , , , , , GrowthLife 32% 44% 0.3% 38% 29% Non Life ** 22, , , , , , Growth NonLife 12% 19% 17% 15% 19% Social 40, , , , , , GrowthSocial 28% 23% 5% 31% 23% Civil Servants, Armed Force, Police 20, , , , , , Growth Civil Servants, Armed Forces, Police 35% 22% 19% 30% 19% All Industry 136, , , , , , GrowthIndustry 28% 31% 6% 32% 24% Note: * : Unaudited ** : Including reinsurance bussiness
9 (Billion Rp) * Life 62, , , , , GrowthLife 37% 47% 1% 41% 31% Non Life ** 17, , , , , Growth NonLife 14% 17% 19% 20% 21% Social 50, , , , , GrowthSocial 28% 24% 3% 31% 23% Civil Servants, Armed Force, Police 23, , , , , Growth Civil Servants, Armed Forces, Police 21% 21% 15% 28% 19% All Industry 152, , , , , GrowthIndustry 29% 32% 5% 34% 26% Note: * : Unaudited ** : Including reinsurance bussiness
10 * GDP (Billion Rupiah) 2,774, ,339, ,957, ,954, ,581, ,422, Gross Premium (Billion Rupiah) 48, , , , , , Population (million) Notes: *) Gross Premium unaudited Penetration = Gross Premium/GDP Density = Gross Premium/Population
11 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing transparency
12 Reporting Entity Type of Report Insurer RBC Report Audited Financial Report Operational Report Reinsurance Treaty Reports Motor vehicle risk and loss profile report* Reinsurer RBC Report Audited Financial Report Operational Report Reinsurance Treaty Reports Frequency Quarterly Half Yearly Yearly * Only for nonlife insurance Method of Submission : Hard copy dan CD
13 Reporting Entity Type of Report Frequency Insurance and Reinsurance Broker Financial Statement Audited Financial Report Operational Report Half Yearly Yearly Insurance Agent Operational Report Actuarial Consultant Operational Report Loss Adjuster Operational Report * Method of submission : Hard copy and CD
14 Balance sheet Income statement Solvency Admitted Asset Liabilities Amount of solvency Minimum Solvency Margin Other Financial Information: Mandatory Guarantee Fund Ratio on Investment to technical reserve and net incurred claim Liquidity ratio Ratio on net written premium to equity Ratio on direct premium to non direct premium Ratio on expense to net premium income Shareholders (ownership) Name of Board of Director Member and Board of Commissioner Member Name of Main Reinsurers
15 Regular Filing Central Database Insurance Companies Special Report Data verificationmanual Data up loadby system Offsite monitoring and Onsite Examination Out Put Purposes Statistics Industry reference
16 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency
17 Off site monitoring and on site supervision Financial Condition (RBC level) Analysis Early Warning Ratio Market Sensitivity Test Result Actuarial Projection Statistics Company profile Numbers of supervised entity Total Assets, Liabilities, and Equities of Insurance/Re Co. Overall investment portfolio Insurance Density and Penetration Overall Composition of Business Overall Loss Ratio Industry Reference Automobile advisory premium rate
18 Overview of Indonesian Insurance Market Information Gathering Market Monitoring Initiatives Enhancing Transparency
19 a. Accuracy and Integrity Cross report inconsistencies Mistakes on mathematical calculation b. Relevance Too general operational data c. Some data not available Market segmentation Geographical distribution Number of policies issued for general insurance Number of insured d. Timeliness Annual statistics issued at October Quarterly report issued 45 days after the end of quarter filings
20 Reidentification of Data Needs : Develop New Report Forms Redesign Filing Procedures : * Develop EReporting application * Prepare regulation for EReporting implementation
21
Initiatives on data gathering and statistics
Industry profile Data gathering - current process Statistics - weaknesses Initiatives on data gathering and statistics Industry profile Data gathering - current process Statistics - weaknesses Initiatives
More informationVIETNAMESE INSURANCE MARKET
VIETNAMESE INSURANCE MARKET Tran Thanh Tu Deputy Director Insurance Research and Training Center Insurance Supervisory Authority of Vietnam 1 AGENDA Market Overview Market History Market Performance Supervisory
More informationInsurance sector consolidated report profit and loss statement (2008-2009)
21. INSURANCE AND REINSURANCE The Ministry of Economy and Trade is the source of insurance statistics which deal with insurance companies, with the sector consolidated progress, balance sheet and profit
More informationNon-Life Insurance in Canada, Key Trends and Opportunities to 2019
Brochure More information from http://www.researchandmarkets.com/reports/3508625/ Non-Life Insurance in Canada, Key Trends and Opportunities to 2019 Description: The 'Non-Life Insurance in Canada, Key
More informationHow To Make Money In Indonesia
Client Update An overview of the Indonesian insurance industry for foreign investors 21 February 2014 The Indonesian insurance market has attracted significant interest from international investors in
More informationOECD-Asia Regional Seminar: Enhancing Transparency and Monitoring of Insurance Markets
OECD-Asia Regional Seminar: Enhancing Transparency and Monitoring of Insurance Markets Regional Experience: Hong Kong Office of the Commissioner of Insurance Financial Services and the Treasury Bureau
More informationPART H GUIDANCE ON COMPLETION OF THE BUSINESS OF INSURANCE STATEMENTS
S C H E D U L E (Articles 4 to 6) PART H GUIDANCE ON COMPLETION OF THE BUSINESS OF INSURANCE STATEMENTS Introduction 1. Authorised companies should begin by compiling the worksheet named Cover Sheet, by
More informationEvolution in Government Supervision of the General Insurance Industry
Evolution in Government Supervision of the General Insurance Industry PNG Insurance Director Forum October 2013 Mark Hurst Contents Overview of PNG Industry Evolution of Government Supervision Supervision
More informationIntroduction of P/C Insurance Market in China
Introduction of P/C Insurance Market in China Context Economic Environment in China P/C Insurance Market in China Development Status Market Potential P/C Insurance Regulation in China Overview Solvency
More informationLIFE INSURANCE RATING METHODOLOGY CREDIT RATING AGENCY OF
LIFE INSURANCE RATING METHODOLOGY CREDIT RATING AGENCY OF BANGLADESH LIMITED 1 CRAB S RATING PROCESS An independent and professional approach of the CRAB is designed to ensure reliable, consistent and
More informationINSURANCE SUPERVISION DEPARTMENT INSURANCE SECTOR IN SERBIA
INSURANCE SUPERVISION DEPARTMENT INSURANCE SECTOR IN SERBIA Report for First Quarter 2015 National Bank of Serbia Contents: 1. Insurance market... 4 1.1. Market participants... 4 Insurance undertakings...
More informationSecond Generation of Reform in Indian Insurance Industry: Prospects and Challenges
Second Generation of Reform in Indian Insurance Industry: Prospects and Challenges By Dr. R. Kannan Member (Actuary) Insurance Regulatory and Development Authority, India June 24, ICRIER, India 1 Historical
More information3. Turkey Life and Non-Life Insurance Market Size by Value, 2001-2015
TABLE OF CONTENTS 1. Turkey Insurance Market Introduction 2. Turkey Insurance Market Structure 2.1. Number of Insurance Companies in Turkey, 2001-2009 2.2. Headcount in Turkey Insurance Sector, 2001-2009
More informationFinancial Statements for Q1/2015
Clal Insurance Enterprises Holdings Ltd. Financial Statements for Q1/2015 Review for Analysts May 2015 Financial Statements As at 31.3.2015 Disclaimer This presentation contains only partial data pertaining
More informationCIG PANNÓNIA FIRST HUNGARIAN GENERAL INSURANCE COMPANY LTD.
CIG PANNÓNIA FIRST HUNGARIAN GENERAL INSURANCE COMPANY LTD. QUARTERLY INFORMATION Q4 2014 17 Febuary 2015 1. Summary CIG Pannónia First Hungarian General Insurance Company Ltd. (hereinafter: EMABIT) publishes
More informationThis amount shall be net of any recoverable from reinsurance contract/spv and Finite Re related to this business. C0020 to C0390/R0010 (A1 to AL1)
NST.03 - Non-life Technical Provisions - Detailed Split by LOB and Distribution Channel General comments: Line of Business for non-life obligations: The lines of, referred to in article 80 of the Directive
More informationLife Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2014
Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2014 LIFE INSURANCE CORPORATION (SINGAPORE) PTE. LTD. For the financial year from 1 January 2014 to 31 December 2014
More informationInsurance Supervision Department. The Saudi Insurance Market Survey Report
Insurance Supervision Department The Saudi Insurance Market Survey Report Table of Contents Introduction...3 Overall Insurance Market Performance Gross Written Premiums Overall.. 5 Insurance Penetration
More informationSCHEDULE TO INSURANCE GROUP SUPERVISION AMENDMENT RULES 2015 SCHEDULE 3 (Paragraph 30) SCHEDULE OF FINANCIAL CONDITION REPORT OF INSURANCE GROUP [blank] name of Parent The schedule of Financial Condition
More informationExisting Scenario of Nepalese Insurance Industry
Existing Scenario of Nepalese Insurance Industry 2012 1 1. BRIEF HISTORICAL BACKGROUND The History of financial system in Nepal began in 1881 with the establishment of Tejarath Adda (The National Treasury
More informationThe Motor Insurance Development Tendency in Azerbaijan. Romania, 2012. Azer A.Aliyev Executive director
The Motor Insurance Development Tendency in Azerbaijan Romania, 2012 Azer A.Aliyev Executive director CONTENT: About Azerbaijan Azerbaijan Insurance market overview Insurance Legislation Motor Insurance
More informationCIG PANNÓNIA FIRST HUNGARIAN GENERAL INSURANCE COMPANY LTD.
CIG PANNÓNIA FIRST HUNGARIAN GENERAL INSURANCE COMPANY LTD. QUARTERLY INFORMATION Q4 2015 23 February 2016 1. Summary CIG Pannónia First Hungarian General Insurance Company Ltd. (hereinafter: EMABIT, Company
More informationINSURANCE SUPERVISION DEPARTMENT INSURANCE SECTOR IN SERBIA
INSURANCE SUPERVISION DEPARTMENT INSURANCE SECTOR IN SERBIA Third Quarter Report 2014 National Bank of Serbia Contents: 1. Insurance market... 4 1.1. Market participants... 4 Insurance companies... 4 Other
More informationREINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand
REINSURANCE IN THAILAND by Potjanee Thanavaranit Deputy Director-General, Department of Insurance Ministry of Commerce, Thailand I. Structure of the insurance industry A. Number of companies Since 1982,
More informationAPPLICATION FOR AUTHORISATION AS REINSURER
THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR AUTHORISATION AS REINSURER This Application Form shall be used for any type of authorization in respect of reinsurance business (life reinsurance, general
More information2. China Life and Non-Life Insurance Market Size by Value, 2008-2015
TABLE OF CONTENTS 1. China Insurance Market Introduction 2. China Life and Non-Life Insurance Market Size by Value, 2008-2015 3. China Life and Non-Life Insurance Density, Premium per Capita, USD, 2001-2015
More information2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector, 2001-2009
TABLE OF CONTENTS 1. Portugal Insurance Market Introduction 2. Portugal Insurance Market Structure 2.1. Number of Insurance Companies in Portugal, 2001-2009 2.2. Headcount in Portugal Insurance Sector,
More informationInclusive Insurance 2014 Ulaanbaatar, April 16, 2014
Inclusive Insurance 2014 Ulaanbaatar, April 16, 2014 The value and role of insurance regulators to protect the market - Promoting sound development of the insurance market through supervision/regulation
More informationLife Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2013
Life Insurance Corporation (Singapore)Pte Ltd UEN 201210695E MANAGEMENT REPORT 31/12/2013 LIFE INSURANCE CORPORATION (SINGAPORE) PTE. LTD. For the financial period from 1 January 2013 to 31 December 2013
More informationWorld Bank Distance Learning
World Bank Distance Learning The Early Warning Test Ratios for General Insurers Washington, DC April 9, 2001 Lawrie Savage & Associates Inc. History of Early Warning Ratios Until early 1970's, everyone
More informationBodily Injury Thematic Review
2015 Bodily Injury Thematic Review ii Central Bank of Ireland Insurance Directorate 2015 BODILY INJURY THEMATIC REVIEW 1 Introduction 1.1 Overview and Context 4 1.2 Summary of Findings 5 1.3 Observations
More informationConsumer Protection in the Insurance Industry Hong Kong
Consumer Protection in the Insurance Industry Hong Kong Ms Annie Choi Commissioner of Insurance Hong Kong SAR Government 8 May 2012 Session Number: (TPS1) 1 Overview Hong Kong insurance landscape Consumer
More informationStatement of Guidance
Statement of Guidance Asset Management & Investment Strategy For Insurance Companies 1. Statement of Objectives To ensure that assets are managed in a sound and prudent manner that is consistent with the
More informationInsurance Agents Statistics 2013
Insurance Agents Statistics 1. Gross premiums placed % Insurance 14 Reinsurance - 100.0 14 Insurance - Reinsurance - - - 14 100.0 % Insurance 48,699 Risks situated in Malta Reinsurance 34 98.3 48,733 Insurance
More informationFocus on China Market and Pursue Sustainable Value Growth
Focus on China Market and Pursue Sustainable Value Growth (Beginning) Distinguished guests, ladies and gentlemen: Good morning. I 'm Wu Zongmin, from China Pacific Property Insurance Company Limited (CPIC
More informationNN GROUP FINANCIAL SUPPLEMENT 1Q2016
NN GROUP FINANCIAL SUPPLEMENT 1Q2016 NN GROUP FINANCIAL SUPPLEMENT 1Q2016 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Figures are
More informationThe Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017
The Insurance Industry in British Virgin Islands, Key Trends and Opportunities to 2017 Market Intelligence Report Reference code: IS0259MR Published: April 2013 www.timetric.com Timetric John Carpenter
More informationSAGICOR FINANCIAL CORPORATION
Interim Financial Statements Nine-months ended September 30, 2015 FINANCIAL RESULTS FOR THE CHAIRMAN S REVIEW The Sagicor Group recorded net income from continuing operations of US $60.4 million for the
More informationRating Methodology by Sector. Non-life Insurance
Last updated: July 1, 2013 Rating Methodology by Sector Non-life Insurance The following mainly applies to non-life insurance companies in Japan. When determining the credit rating of a non-life insurance
More informationThe General Department of Insurance Control
Saudi Arabian Monetary Agency The General Department of Insurance Control The Saudi Insurance Market Report 2014 Table of Contents Introduction 4 Insurance Market Performance - Overall Gross Written Premiums
More informationINSURANCE INDUSTRY REGULATIONS
I N S U R A N C E I N D U S T R Y R E G U L A T I O N S INSURANCE INDUSTRY REGULATIONS 1 TABLE OF CONTENTS Definitions...3 1. the competent authority...6 2. Insurance Supervisory powers of the MMA...7
More informationApplication of Insurer Authorisation in Hong Kong
www.pwchk.com Application of Insurer Authorisation in Hong Kong Highlights of the Regulatory Requirements Updated as of January 2012 1. Introduction Under the Hong Kong regulatory regime, institutions
More informationA chapter on Valuation basis covering the following minimum criteria should also be displayed on the web-site of the Insurers.
L-42 42- Valuation Basis (Life Insurance) A chapter on Valuation basis covering the following minimum criteria should also be displayed on the web-site of the Insurers. Data The company maintains the Policy
More informationTable of Contents. 1. Company description 1-1 1.1 Organization structure 1-1
Clal Insurance Enterprises Holdings Ltd Financial Statements As At September 30,, 2014 Board of Directors' Report..11 Condensed consolidated interim financial statements....21 Financial data from the consolidated
More informationEXECUTIVE OVERVIEW. Brought to you by. The benefits are:
the case for self funding in motor fleet insurance Brought to you by EXECUTIVE OVERVIEW The benefits are: This brief report outlines the case for businesses with motor fleets to self fund own damage costs
More informationThis is a licensed product of Ken Research and should not be copied
1 TABLE OF CONTENTS 1. Asia-Pacific Insurance Industry 1.1. Industry Introduction 1.2. Asia-Pacific Insurance Market Size by Direct Written Premium, 2005-2012P 1.3. Asia-Pacific Insurance Market Segmentation
More informationREPUBLIC OF KENYA DEPARTMENT OF INSURANCE. FORM NO. INS. 30-1 FIRST SCHEDULE (SS.30 & 188(2) and rr.5 & 48)
REPUBLIC OF KENYA DEPARTMENT OF INSURANCE FORM NO. INS. 30-1 FIRST SCHEDULE (SS.30 & 188(2) and rr.5 & 48) All amounts in Kenya shillings APPLICATION FOR REGISTRATION/*RENEWALS OF REGISTRATION OF AN INSURER
More informationHealth Insurance Regulatory Responsibilities of the Office of Insurance Regulation
Health Insurance Regulatory Responsibilities of the Office of Insurance Regulation Health Innovation Subcommittee Florida House of Representatives January 21, 2015 Rich Robleto, Deputy Commissioner of
More informationCOMMISSION DELEGATED DECISION (EU) / of 5.6.2015
EUROPEAN COMMISSION Brussels, 5.6.2015 C(2015) 3740 final COMMISSION DELEGATED DECISION (EU) / of 5.6.2015 on the provisional equivalence of the solvency regimes in force in Australia, Bermuda, Brazil,
More informationDeregulation and Liberalization in Japanese General Insurance Market
Deregulation and Liberalization in Japanese General Insurance Market 29 th October 2004 Takeshi Oiwa SOMPO JAPAN INSURANCE INC. INDEX 1. Features of Japanese General Insurance Market. P.1-4 2. Development
More informationINTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA
INTERIM REPORT Q1 2016 PROTECTOR FORSIKRING ASA (UNAUDITED) APRIL 2016 Highlights Q1 2016 Growth 26% - First UK client on board Protector delivers a strong premium growth for the first quarter of 2016,
More informationINSURANCE COMPANIES ORDINANCE (CAP. 41)... (Name of company making this application)
Form IA-6G INSURANCE COMPANIES ORDINANCE (CAP. 41)... (Name of company making this application) Application for Authorization to carry on General Business in or from Hong Kong 1. We certify that we are
More informationBelow is a general overview of Captives with particular information regarding Labuan International and Business Financial Centre (Labuan IBFC).
LABUAN CAPTIVES Below is a general overview of Captives with particular information regarding Labuan International and Business Financial Centre (Labuan IBFC). Kensington Trust Labuan Limited is a licensed
More informationINSURANCE IN. Historical Development, Present Status and Future. Challenges
INSURANCE IN ETHIOPIA Historical Development, Present Status and Future Challenges Hailu Zeleke August 2007 TABLE OF CONTENTS PAGE ACKNOWLEDGEMENTS vi ACRONYMS vii INTRODUCTION viif CHARTER 1: RISK - MEANING
More informationAct on Insurance. The National Council of the Slovak Republic has adopted the following Act: SECTION I PART ONE GENERAL PROVISIONS
Act on Insurance Full wording of Act No 8/2008 Coll. of 28 November 2007 on Insurance and on amendments and supplements to certain laws, as amended by Act No 270/2008 Coll., Act No 552/2008 Coll., Act
More informationOECD INSURANCE STATISTICS
ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT ORGANISATION DE COOPÉRATION ET DE DÉVELOPPEMENT ÉCONOMIQUES DIRECTION DES AFFAIRES FINANCIÈRES ET DES ENTREPRISES DIRECTORATE FOR FINANCIAL AND ENTERPRISE
More information2. Financial data. Financial data. 2.1 Balance sheet
2. Financial data 2.1 Balance sheet At the end of 2009 the aggregate total assets of all insurance and re-insurance entities under ACP supervision stood at EUR 1,822 billion at book value, corresponding
More informationINSURANCE MARKET DEVELOPMENT
INSURANCE MARKET DEVELOPMENT GENERAL INFORMATION Market participants At end-2009, there were 14 insurance companies operating in Latvia whereof four companies were engaged in life insurance and 10 companies
More informationCurrent Situation and Future Perspective of Korean Insurance Industry. Dong-Han Chang (Vice President of KIAS)
Current Situation and Future Perspective of Korean Insurance Industry Dong-Han Chang (Vice President of KIAS) CONTENTS Ⅰ. Current Situation of Korean Insurance Industry Ⅱ. Future Perspective of Korean
More informationAIG Israel Insurance Company Ltd
AIG Israel Insurance Company Ltd Interim Financial Report (Unaudited) As of March 31, 2013 Contents Directors' Report of Company's Business Declarations relating to Financial Statements Financial Statements
More informationInternational Financial Reporting for Insurers: IFRS and U.S. GAAP September 2009 Session 25: Solvency II vs. IFRS
International Financial Reporting for Insurers: IFRS and U.S. GAAP September 2009 Session 25: Solvency II vs. IFRS Simon Walpole Solvency II Simon Walpole Solvency II Agenda Introduction to Solvency II
More informationCase Study Millennium Underwriting Limited
Case Study Millennium Underwriting Limited TABLE OF CONTENTS 1. Case study Application for licensing of an insurance company 2. Legal constraints and regulations applying to the licensing of an insurance
More informationCOLLECTION & PUBLICATION OF GENERAL INSURANCE STATISTICS AN OVERVIEW OF REGULATORY BEST PRACTICE. Win-Li Toh 20 November 2014
COLLECTION & PUBLICATION OF GENERAL INSURANCE STATISTICS AN OVERVIEW OF REGULATORY BEST PRACTICE Win-Li Toh 20 November 2014 What we ll cover today A potted history of regulation: Australia, NZ, US, Canada
More informationEarly Warning Systems and Training to The Central Bank of Jordan
Achievement of Market-Friendly Initiatives and Results Program (AMIR 2.0 Program) Funded By U.S. Agency for International Development Early Warning Systems and Training to The Central Bank of Jordan Deliverable
More informationHelvetia Group Business Profile
Helvetia Group Business Profile Who we are Strong value proposition for customers Switzerland 4 th largest insurance group Niche position in selected European markets Focussed on retail and SMU customers
More informationPortugal. A company to which insurance legislation applies.
Portugal International Comparison of Insurance * May 2009 Portugal General Insurance Definition Definition of property and casualty insurance company Commercial Accounts/Tax and Regulatory Returns Basis
More informationHow To Write An Insurance Profile Summary
EXHIBIT H INSURER PROFILE SUMMARY TEMPLATE Introductory Guidance An Insurer Profile Summary should be developed by the domestic state for each domestic insurer. The Insurer Profile Summary should be updated
More informationITALIAN INSURANCE IN FIGURES. Year 2015
ITALIAN INSURANCE IN FIGURES Year 2015 The Italian insurance industry gives a significant contribution to the economy and to the society, offering a wide range of services aiming at risk protection: from
More informationContents. About the author. Introduction
Contents About the author Introduction 1 Retail banks Overview: bank credit analysis and copulas Bank risks Bank risks and returns: the profitability, liquidity and solvency trade-off Credit risk Liquidity
More informationGuidance Note for the Completion of Non-Life Insurance Quarterly Returns on the On-Line Reporting System
Guidance Note for the Completion of Non-Life Insurance Quarterly Returns on the On-Line Reporting System Insurance Supervision Department January 2010 Contents Introduction... 2 Filing Dates and Required
More informationSUPERVISION PROFILE CENTRAL BANK OF TRINIDAD AND TOBAGO CATEGORIES OF FINANCIAL INSTITUTIONS FOR WHICH IT HAS REGULATORY OVERSIGHT: -
SUPERVISION PROFILE CENTRAL BANK OF TRINIDAD AND TOBAGO 1. 1(a) NAME OF SUPERVISORY AGENCY Central Bank of Trinidad & Tobago (CBTT) CATEGORIES OF FINANCIAL INSTITUTIONS FOR WHICH IT HAS REGULATORY OVERSIGHT:
More informationAn Overview of Indonesia s Insurance Sector Tax Environment
KPMG HADIBROTO An Overview of Indonesia s Insurance Sector Tax Environment kpmg.com/id 1 An Overview of Indonesia s Insurance Sector Tax Environment The Indonesian insurance industry has seen continued
More informationPreliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP)
November 1, 2012 Sony Financial Holdings Inc. Preliminary Consolidated Financial Results for the Six Months Ended September 30, 2012 (Prepared in Accordance with Japanese GAAP) Tokyo, November 1, 2012
More informationNATIONAL GENERAL INSURANCE COMPANY (P.S.C.) BEST'S CREDIT RATINGS RATING RATIONALE
Page 1 of 8 Operating Company Composite NATIONAL GENERAL INSURANCE COMPANY (P.S.C.) Levels Ground, 3, 5, 6, UP House, Port Saeed Street, Deira, Dubai, United Arab Emirates PO Box 154, Dubai, United Arab
More informationIndonesia. An Introduction to Legal Issues in the Indonesian Insurance Sector
Indonesia An Introduction to Legal Issues in the Indonesian Insurance Sector Table of Contents 1. Introduction...1 2. Foreign Investment Restrictions in the Insurance Industry...1 3. Ministry of Finance...1
More informationSolvency II Pillar III Quantitative Reporting Templates (QRTs) Sinead Clarke, Eoin King 11 th December 2012
Solvency II Pillar III Quantitative Reporting Templates (QRTs) Sinead Clarke, Eoin King 11 th December 2012 Agenda Introduction and Background Summary of QRTs Reporting Timelines and Next Steps Questions
More informationHow To Regulate Financial Services In Indonesia
Draft of Multi-Finance Law DISCLAIMER This document is made possible by the support of the American people through the United States Agency for International Development (USAID). Its contents are the sole
More informationSulAmérica. UBS Global Healthcare Services Conference February 11-13, 2008 New York
SulAmérica UBS Global Healthcare Services Conference February 11-13, 2008 New York Disclaimer The material that follows is a presentation of general background information about Sul América S.A. ( SulAmérica
More informationGREENLIGHT RE ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS
GREENLIGHT RE ANNOUNCES FIRST QUARTER 2015 FINANCIAL RESULTS GRAND CAYMAN, Cayman Islands - May 4, 2015 - Greenlight Capital Re, Ltd. (NASDAQ: GLRE) today announced financial results for the first quarter
More informationLatin America. Developing Solvency Regulations. Brazil
Latin America Developing Solvency Regulations By Alda Fassbender, Carlos Gonzalez, Diego Guaita and Karina Yabra Many Latin American countries are currently transforming their solvency regulations and
More informationSWAZILAND ROYAL INSURANCE CORPORATION ANNUAL RESULTS
SWAZILAND ROYAL INSURANC CORPORATION ANNUAL RSULTS Overview of 2011 The Swaziland Royal Insurance Corporation s (The Corporation) main business activity is the provision of short-term insurance, life assurance
More informationReport on ISVAP's activity for the year 2010
Report on ISVAP's activity for the year 2010 (Law of 12 August 1982, n.576 and subsequent modifications and integrations) (Law of 12 August 1982, n.576 and subsequent modifications and integrations)
More informationAllianz Malaysia Berhad (12428-W) Financial Results 4Q 2015. Analyst Briefing 29 February 2016
Allianz Malaysia Berhad (12428-W) Financial Results 4Q 2015 Analyst Briefing 29 February 2016 1 AMB Group Results Allianz Malaysia Berhad (12428-W) Resilient Growth Operating revenue Group operating revenue
More informationThe accompanying notes constitute an integral part of the Financial Statements.
Consolidated Statement of Financial Position Assets Note As at December 31 1022 1020 Intangible assets 4 797,997 785,585 Deferred tax assets 78 9,357 5,565 Deferred acquisition costs 5 8,535,538 949,585
More informationEuropean Insurance Market: Opportunities and challenges
European Insurance Market: Opportunities and challenges Violeta Ciurel, Ph.D, LLIF General Manager European and International Affairs ING Group - Amsterdam November, 12, 2007 New York Global Financial
More informationRating Methodology by Sector. Non-life Insurance
Last updated: March 26, 2012 Rating Methodology by Sector Non-life Insurance *This rating methodology is a modification of the rating methodology made public on July 13, 2011, and modifications are made
More informationProposals of the Suitable Solvency Regulation for the Vietnamese Life Insurance Industry Based on the Experience from the US and Japan
Proposals of the Suitable Solvency Regulation for the Vietnamese Life Insurance Industry Based on the Experience from the US and Japan Nguyen Van Thanh, Takao Atsushi Graduate School of Business Administration,
More informationLife Modeling. Beyond Solvency II risk management unplugged. PillarOne Conference in Brussels, April 1st and 2nd 2009
Life Modeling Beyond Solvency II risk management unplugged PillarOne Conference in Brussels, April 1st and 2nd 2009 by Jon Bardola FS-Consulta GmbH, Switzerland Agenda Motivation for an open source EV
More informationThe Financial Market Authority. Analysis of Current Situation in the Insurance Industry of the Slovak Republic
The Financial Market Authority Analysis of Current Situation in the Insurance Industry of the Slovak Republic Bratislava, June 2001 Analysis of Current Situation in the Insurance Industry in the SR -----
More informationProposed Insurance Act Amendments Life Insurance
Risk Based Capital for Risk Based Capital for Minimum paid-up share capital increased Class of Business Long-term business Long-term and general insurance business Industrial life business Current Requirement
More informationNN GROUP FINANCIAL SUPPLEMENT 4Q2014
NN GROUP FINANCIAL SUPPLEMENT 4Q2014 NN GROUP FINANCIAL SUPPLEMENT 4Q2014 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Rounding could
More informationPT Bank Negara Indonesia (Persero) Tbk ( Company )
I N F O R M A T I O N D I S C L O S U R E In the Framework to Comply with Regulation of Financial Service Authority of Indonesia No. 22/SEOJK.04/2015 In Relation to Company Plan to perform Shares Buy Back
More informationFREQUENTLY ASKED QUESTIONS. Qn 1. What is the role of the Insurance Regulatory Authority of Uganda (the Authority) in this country?
FREQUENTLY ASKED QUESTIONS Qn 1. What is the role of the Insurance Regulatory Authority of Uganda (the Authority) in this country? The Authority was established under Section 14 of the Insurance Act (Cap
More informationModelling and Management of Tail Risk in Insurance
Modelling and Management of Tail Risk in Insurance IMF conference on operationalising systemic risk monitoring Peter Sohre, Head of Risk Reporting, Swiss Re Washington DC, 27 May 2010 Visit of ntuc ERM
More informationGUIDE TO CAPTIVE INSURANCE COMPANIES IN JERSEY
GUIDE TO CAPTIVE INSURANCE COMPANIES IN JERSEY CONTENTS PREFACE 1 1. Authorisation 2 2. Policy of the Commission towards new Insurance Business in Jersey 2 3. Information Requirements for a Category B
More informationGeneral Protocol relating to the collaboration of the insurance supervisory authorities of the Member States of the European Union March 2008
CEIOPS-DOC-07/08 General Protocol relating to the collaboration of the insurance supervisory authorities of the Member States of the European Union March 2008 CEIOPS e.v. - Westhafenplatz 1 60327 Frankfurt
More informationGLOSSARY. A contract that provides for periodic payments to an annuitant for a specified period of time, often until the annuitant s death.
The glossary contains explanations of certain terms and definitions used in this prospectus in connection with us and our business. The terms and their meanings may not correspond to standard industry
More information2.1. Number of Insurance Companies in Poland, 2001-2009 2.2. Headcount in Poland Insurance Sector, 2001-2009
TABLE OF CONTENTS 1. Poland Insurance Market Introduction 2. Poland Insurance Market Structure 2.1. Number of Insurance Companies in Poland, 2001-2.2. Headcount in Poland Insurance Sector, 2001-3. Poland
More informationAnnex 7. Fact Sheet Estonia
Annex 7. Fact Sheet Estonia 1. Generalities: Some history of the agricultural risk and crisis management policies, programs and tools. Population: 1, 36 million inhabitants GDP 2004 9,4 billion Euro; Inflation
More informationSCOPE OF APPLICATION AND DEFINITIONS
Unofficial translation No. 398/1995 Act on Foreign Insurance Companies Issued in Helsinki on 17 March 1995 PART I SCOPE OF APPLICATION AND DEFINITIONS Chapter 1. General Provisions Section 1. Scope of
More information