FINANCIAL SERVICES BOARD INSURANCE DEPARTMENT
|
|
|
- Maude Erin Stephens
- 8 years ago
- Views:
Transcription
1 FINANCIAL SERVICES BOARD INSURANCE DEPARTMENT SPECIAL REPORT ON THE RESULTS OF THE LONG-TERM INSURANCE INDUSTRY FOR THE PERIOD ENDED MARCH 6 June
2 1 SPECIAL REPORT ON THE RESULTS OF THE LONG-TERM INSURANCE INDUSTRY Industry results - Typical insurers (typical insurers, for the purpose of this report, are those insurers who offer most of the six classes of business as defined in the act, in the primary market). typical insurers for the year ended and for the three months ended. Net premiums- Recurring R'm Net premiums- Non-recurring R'm Claims (as % of net Commission (as % of net Investment yield %* 16 0 Number of policies increase (yr to yr) 14 8 Individual lapse %** Individual termination %** Individual contractual termination %** Fund & group schemes termination %** CAR cover ratio (median) Car cover ratios - Typical insurers Covered 1-2 times 2 3 Covered 2-5 times Covered 5-10 times 4 4 Covered 10+ times 6 5 Total 30 31
3 2 Industry results - Niche insurers (niche insurers, for the purpose of this report, are those insurers who conduct business in a specific target market). niche insurers for the year ended and for the three months ended. Net premiums- Recurring R'm Net premiums- Non-recurring R'm Claims (as % of net Commission (as % of net Investment yield %* 11 1 Number of policies increase (yr to yr) Individual lapse %** Individual termination %** Individual contractual termination %** 0 0 Fund & group schemes termination %** 7 14 CAR cover ratio (median) Car cover ratios - Niche insurers Covered 0-1 times 1 1 Covered 1-2 times 1 1 Covered 2-5 times 1 1 Covered 5-10 times 0 2 Covered 10+ times 5 3 Total 8 8
4 3 Industry results - Link investment insurers (link investment insurers, for the purpose of this report, are those insurers who underwrite policies whereby the value of the policy is directly linked to the value of the assets invested in, and no guarantees are offered). link investment insurers for the year ended and for the three months ended. Net premiums- Recurring R'm Net premiums- Non-recurring R'm Claims (as % of net Commission (as % of net Investment yield %* 19 0 Number of policies increase (yr to yr) Individual lapse %** 2 1 Individual termination %** Individual contractual termination %** 1 2 Fund & group schemes termination %** CAR cover ratio (median) Car cover ratios - Link investment insurers Covered 1-2 times 0 0 Covered 2-5 times 0 1 Covered 5-10 times 0 1 Covered 10+ times Total 11 12
5 4 Industry results - Cell captive insurers (cell captive insurers, for the purpose of this report, are those insurers who conduct business on a cell captive basis only). cell captive insurers for the year ended and for the three months ended. Net premiums- Recurring R'm Net premiums- Non-recurring R'm Claims (as % of net Commission (as % of net Investment yield %* 4 0 Number of policies increase (yr to yr) - - Individual lapse %** Individual termination %** Individual contractual termination %** Fund & group schemes termination %** 19 0 CAR cover ratio (median) Car cover ratios - Cell captive insurers Covered 1-2 times 1 0 Covered 2-5 times 0 1 Covered 5-10 times 1 0 Covered 10+ times 1 3 Total 3 4
6 5 Industry results Reinsurers (reinsurers, for the purpose of this report, are those insurers who conduct only professional reinsurance and are not involved in marketing to the public). reinsurers for the year ended and for the three months ended. Net premiums- Recurring R'm Net premiums- Non-recurring R'm Claims (as % of net Commission (as % of net Investment yield %* 16 2 Number of policies increase (yr to yr) - - Individual lapse %** 61 - Individual termination %** 0 - Individual contractual termination %** 0 - Fund & group schemes termination %** 0 - CAR cover ratio (median) Car cover ratios - Reinsurers Covered 1-2 times 2 2 Covered 2-5 times 3 2 Covered 5-10 times 1 2 Covered 10+ times 0 0 Total 6 6
7 6 Industry results - Assistance insurers (assistance insurers, for the purpose of this report, are those insurers who offer life policies where the sum assured does not exceed R10 000). assistance insurers for the year ended and for the three months ended. Net premiums- Recurring R'm Net premiums- Non-recurring R'm 2 1 Claims (as % of net Commission (as % of net Investment yield %* 9 0 Number of policies increase (yr to yr) Individual lapse %** Individual termination %** Individual contractual termination %** 7 24 Fund & group schemes termination %** CAR cover ratio (median) Car cover ratios - Assistance insurers Covered 0-1 times 0 1 Covered 1-2 times 1 0 Covered 2-5 times 3 3 Covered 5-10 times 1 1 Covered 10+ times 1 1 Total 6 6
FINANCIAL SERVICES BOARD INSURANCE DIVISION
Page1 FINANCIAL SERVICES BOARD INSURANCE DIVISION THE QUARTERLY REPORT ON THE RESULTS OF THE LONG-TERM INSURANCE INDUSTRY FOR THE PERIOD ENDED 31 Page2 TABLE OF CONTENT SPECIAL REPORT ON THE RESULTS OF
GENERAL 1. Is the insurer (itself or through an intermediary) deducting premiums from social assistance grant beneficiaries:
the Regulations issued under the Social Assistance Act No. 13 of 2004: Request for information Annexure A DEDUCTIONS FOR FUNERAL INSURANCE OR SCHEME UNDER REGULATION 26A OF THE REGULATIONS ISSUED UNDER
Actuarial Guidance Note 9: Best Estimate Assumptions
ACTUARIAL SOCIETY OF HONG KONG Actuarial Guidance Note 9: Best Estimate Assumptions 1. BACKGROUND AND PURPOSE 1.1 Best estimate assumptions are an essential and important component of actuarial work. The
Life 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
GRF_310_0_G Income Statement (G)
GRF_310_0_G Income Statement (G) These instructions must be read in conjunction with the general instruction guide. Explanatory notes Total business For each line item where the data for individual regions
Allianz 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
THE INSURANCE BUSINESS (SOLVENCY) RULES 2015
THE INSURANCE BUSINESS (SOLVENCY) RULES 2015 Table of Contents Part 1 Introduction... 2 Part 2 Capital Adequacy... 4 Part 3 MCR... 7 Part 4 PCR... 10 Part 5 - Internal Model... 23 Part 6 Valuation... 34
GUIDELINES CONTINGENCY PLAN FOR INSURERS
GUIDELINES ON CONTINGENCY PLAN FOR INSURERS (Issued under section 7 (1) (a) of the Financial Services Act 2007 and section 130 of the Insurance Act 2005) February 2008 1 1. INTRODUCTION 1.1. The Insurance
Life 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
Objectives. 2- What types of loss potential are insurable and why? 3- How insurers protect against catastrophic loss through reinsurance?
INSURANCE 1 Objectives 1- What insurance is and how it works? 2- What types of loss potential are insurable and why? 3- How insurers protect against catastrophic loss through reinsurance? 4- What is meant
GLOSSARY. 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 the Group and its business. The terms and their meanings may not correspond to standard industry
EIOPA Risk Dashboard September 2015 Q2 2015 data PUBLIC. EIOPA-FS-15/651 Frankfurt, 16th September 2015
EIOPA Risk Dashboard September 2015 Q2 2015 data PUBLIC EIOPA-FS-15/651 Frankfurt, 16th September 2015 Summary The release of this EIOPA Risk Dashboard is based on 2015- Q2 indicators submitted on a best
OECD-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
Embedded Value Report
Embedded Value Report 2012 ACHMEA EMBEDDED VALUE REPORT 2012 Contents Management summary 3 Introduction 4 Embedded Value Results 5 Value Added by New Business 6 Analysis of Change 7 Sensitivities 9 Impact
Bridging the Gap LTC Combination Products
Bridging the Gap LTC Combination Products Session 28 : Current Topics in Mortality Tony Laudato, Vice President and Actuary Hannover Life Reassurance Company of America Valuation Actuary Symposium Indianapolis,
The 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
GUIDELINES ON CAPTIVE INSURANCE BUSINESS IN LABUAN INTERNATIONAL BUSINESS AND FINANCIAL CENTRE (LABUAN IBFC)
GUIDELINES ON CAPTIVE INSURANCE BUSINESS IN LABUAN INTERNATIONAL BUSINESS AND FINANCIAL CENTRE (LABUAN IBFC) 1.0 Preamble 1.1 This Guideline is issued pursuant to section 4A of Labuan Financial Services
Terminal illness pricing considerations. Steve Varney
pricing considerations Presenters Brad Louis Steve Varney AGENDA 1. Current Status 2. Estimating TI Cost 3. Data and Critical Assumptions 4. Estimated Costs 5. Conclusions 1: CURRENT STATUS Terminal Illness
Financial Underwriting
Financial Underwriting The next stage. John Turner Regional Underwriting Manager SR L&H Zurich Agenda Why financially underwrite? Goals in financial underwriting. Problems in financial underwriting. excessive
INVESTMENT SAVINGS & INSURANCE ASSOCIATION OF NZ INC ISI QUARTERLY STATISTICS GUIDELINE FOR COMPLETING RETURNS
INVESTMENT SAVINGS & INSURANCE ASSOCIATION OF NZ INC ISI QUARTERLY STATISTICS GUIDELINE FOR COMPLETING RETURNS REVISED SEPTEMBER 2009 REVISION - September 2009 ISI Quarterly Statistics Guidelines for Completing
RE: Proposed Rule Making on Force-Placed Insurance I.D. No. DFS-39-13-00022-P
J. Kevin A. McKechnie Senior Vice President & Director Office of Insurance Advocacy 202-663-5172 kmckechn@aba.com November 12, 2013 New York Department of Financial Services Brian Montgomery, Department
Guidance Note GGN 220.6 Insurance Risk
Guidance Note GGN 220.6 Insurance Risk 1. An insurer s risk management framework must address insurance risk. 2. Insurance risk may be defined as the risk that inadequate or inappropriate underwriting,
Life Insurance Companies Mortality Analysis. Overview
Life Insurance Companies Mortality Analysis Overview This report utilizes data from statutory financial filings made available through SNL Financial. Data reflects information on individual companies rather
2012 Health Insurance Premium Rate Review Final Decision Detailed Tables
2012 Health Insurance Premium Rate Review Final Decision Detailed Tables Introduction The following tables provide detailed information regarding the requested and approved health insurance premium rate
MUNICH RE AMERICA CORPORATION
MUNICH RE AMERICA CORPORATION Annual Report For The Fiscal Year Ended December 31, 2014 (Pursuant to Section 4.04 of the Indenture between the Company and the holders of the Company s 7.45% Senior Notes*)
Product Management Case Study. What makes Effective Product Management Process?
What makes Effective Product Management Process? The Product: The steps involved in developing a product to eventually manage What is involved in the development of a product? Identify a Niche Consumer
Return of Premium Term
Return of Premium Term Actuaries Club of the Southwest, Spring Meeting June 9, 2005 Houston Jason Kehrberg, Tillinghast, a business of Towers Perrin David Rains, Transamerica Reinsurance Towers Perrin
As the costs associated. Captive Solutions for Medical Stop Loss: Take Your Self-Insurance Program to the Next Level by Allison Repke
Captive Solutions for Medical Stop Loss: Take Your Self-Insurance Program to the Next Level by Allison Repke As the costs associated with providing healthcare coverage continue to rise, companies are looking
Friends Life Limited
Annual PRA Insurance Returns for the year ended 31 December 2014 IPRU(INS) Appendices 9.1, 9.3, 9.4, 9.4A, 9.6 Balance Sheet and Profit and Loss Account Contents Form 2 Statement of solvency - long-term
The Life Insurance Loan - A Fast Track to Success
WELCOME CHANGE THE WAY YOU PROCESS A LIFE INSURANCE POLICY THE NEW LIFE INSURANCE POLICY THAT WILL MAKE EVERYONE HAPPIER THE STORY OF A LIFE INSURANCE POLICY A $250,000 Application was written November
How to Analyze Group Insurance Product Pricing and Underwriting. Stan Talbi SVP, U.S. Insurance Operations April 7, 2004
How to Analyze Group Insurance Product Pricing and Underwriting Stan Talbi SVP, U.S. Insurance Operations April 7, 2004 Group Group Insurance Product Offerings Rule #1: Know your Company s product offering
Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans (2014)
Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans (2014) REVISED MAY 2014 SPONSORED BY Society of Actuaries PREPARED BY Derek Kueker, FSA Tim Rozar, FSA, CERA, MAAA Michael
MULBERRY INSURANCE CAPTIVE PROPOSAL FOR PROPERTY OWNERS. Authorised and regulated by the Financial Conduct Authority
MULBERRY INSURANCE CAPTIVE PROPOSAL FOR PROPERTY OWNERS Authorised and regulated by the Financial Conduct Authority INTRODUCTION Commission earned from insurance premiums is often a large revenue stream
Transparency, disclosure and conflicts of interest in the commercial insurance market
AIRMIC Guidance Transparency, disclosure and conflicts of interest in the commercial insurance market 1. Introduction AIRMIC believes that management of potential conflicts of interest in the commercial
Second Annual Conference September 16, 2015 to September 18, 2015 Chicago, IL.
Second Annual Conference September 16, 2015 to September 18, 2015 Chicago, IL. Alternative Risk Management Strategies for Warranty and Service Contracts Jimmy Bynum President & CEO 2 Corporate Profile
2. 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
GUIDELINES ON VALUATION OF POLICY LIABILITIES OF GENERAL BUSINESS
Guideline No: ID 1/04 Issue Date: 24 August 2004 Last Updated: 3 January 2008 GUIDELINES ON VALUATION OF POLICY LIABILITIES OF GENERAL BUSINESS [Note: These Guidelines should be read in conjunction with
How Large is the 2012 Crop Insurance Underwriting Loss? 1
Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial
FINANCIAL STATEMENTS MMI HOLDINGS INTEGRATED REPORT 2015 71
FINANCIAL STATEMENTS MMI HOLDINGS INTEGRATED REPORT 2015 71 CONTENTS MMI HOLDINGS LTD GROUP ANNUAL FINANCIAL STATEMENTS 30 JUNE 2015 Directors responsibility and approval 73 Certificate by the group company
Critical Issues in Managing Critical Illness Insurance. Date: March 18 & 19, 2002
Critical Issues in Managing Critical Illness Insurance Date: March 18 & 19, 2002 Critical Illness - A Brief Overview A Typical Critical Illness Policy $ Lump Sum if Cancer Heart Attack Stroke Kidney Failure
LIFE INSURANCE. and INVESTMENT
INVESTMENT SAVINGS & INSURANCE ASSOCIATION OF NZ INC GLOSSARY OF LIFE INSURANCE and INVESTMENT TERMS 2 Accident Benefit A benefit payable should death occur as the result of an accident. It may be a stand-alone
Micro Captives: The Insurance Company You Keep
Micro Captives: The Insurance Company You Keep Dallas Bar Association April 4, 2016 Cindy L. Grossman 100 CONGRESS AVENUE, SUITE 1440 AUSTIN, TEXAS 78701 phone 512.767.7100 fax 512.767.7101 WWW.GSRP.COM
Return of Premium Term
Return of Premium Term Southeastern Actuaries Conference November 11, 2004 Dominique LeBel Direct Dial: (860) 843-7161 Towers Perrin Agenda ROP Term in the Individual Marketplace ROP Term and the Worksite
BERMUDA HEALTH INSURANCE (LICENSING OF INSURERS) REGULATIONS 1971 SR&O 4 / 1971
QUO FA T A F U E R N T BERMUDA HEALTH INSURANCE (LICENSING OF INSURERS) REGULATIONS 1971 SR&O 4 / 1971 [made under sections 28 and 40 of the Health Insurance Act 1970 and brought into operation on 6 February
GRF_116_1 Probable Maximum Loss for LMIs - Standard Loans
GRF_116_1 Probable Maximum Loss for LMIs - Standard Loans These instructions must be read in conjunction with the general instruction guide. Explanatory notes Standard loan A standard loan is one which
Insurance Contract Boundaries - Proposal to replace the guaranteed insurability criteria
Insurance Contract Boundaries - Proposal to replace the guaranteed insurability criteria Background The IASB s Discussion Paper Preliminary Views on Insurance Contracts (the Discussion Paper) addressed
Pricing exercise based on a collection of actuarial assumptions Assumptions generally divided into two sets
Whole Life Pricing Pricing exercise based on a collection of actuarial assumptions Assumptions generally divided into two sets Company specific: Mortality, Lapsation, Expenses, Dividends, etc. Prescription
Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans
Report on the Lapse and Mortality Experience of Post-Level Premium Period Term Plans Sponsored by The Product Development Section and The Committee on Life Insurance Research of the Society of Actuaries
Cell Captive Insurance Arrangements: Insurance Company Characterization and Certain Federal Tax Elections.
Part III - Administrative, Procedural, and Miscellaneous Cell Captive Insurance Arrangements: Insurance Company Characterization and Certain Federal Tax Elections. Notice 2008-19 SECTION 1. PURPOSE Rev.
Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016
Personal Accident and Health Insurance in Malaysia, Key Trends and Opportunities to 2016 Market Intelligence Report Reference code: IS0055MR Published: September 2012 www.timetric.com Timetric John Carpenter
indemnity indemnified How can I find out details about my insurance cover? Or the insurance cover of another party?
Frequently Asked Questions: Indemnity and insurance arrangements for clinical trials in Australia. Insurance and indemnity requirements vary across Australia and between institutions. These FAQs provide
(Official Gazette of Montenegro, No 01/13 of 3 January 2013) GENERAL PROVISION. Article 1
Pursuant to Article 83 paragraph 6, Article 87 and Article 177 item 4 of the Law on Insurance (Official Gazette of the Republic of Montenegro, No 78/06 and 19/07 and Official Gazette of Montenegro, No
HOME EQUITY RELEASE THE FOURTH PILLAR OF RETIREMENT FUNDING. Christine Brownfield
HOME EQUITY RELEASE THE FOURTH PILLAR OF RETIREMENT FUNDING Christine Brownfield 20 th November 2014 Our Retirement Income System The Age Pension Compulsory Superannuation Voluntary Superannuation + Other
Inclusive Insurance 2014 INTERNATIONAL FORUM Ulaanbaatar, Mongolia 16-17 April 2014
By Denis Garand, FSA, FCIA Denis Garand & Associates denis@garandnet.net Assisted by Donna Swiderek Inclusive Insurance 2014 INTERNATIONAL FORUM Ulaanbaatar, Mongolia 16-17 April 2014 Product Difficulty
REINSURANCE 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,
INSURANCE AND PENSIONS SUPERVISION UNIT
INSURANCE AND PENSIONS SUPERVISION UNIT Insurance Statistical Review 2013 October 2014 1 P a g e Contents 1. Introduction... 3 2. Scope of this report... 3 3. Industry Overview... 4 3.1. Gross Written
Centriq Insurance Company Limited. South Africa Insurance Analysis June 2015
Centriq Insurance Company Limited South Africa Insurance Analysis June 2015 Rating class Rating scale Rating Rating outlook Review date Claims paying ability National AA- (ZA) Stable June 2016 GLOBAL CREDIT
Insurance market report 2014
1 September 2015 Insurance market report 2014 Laupenstrasse 27, 3003 Bern Phone +41 (0)31 327 91 00, Fax +41 (0)31 327 91 01 www.finma.ch A340891/00080/1043572 Contents 1 Market overview... 3 1.1 Number
Niche Multifamily Markets: Challenges and Opportunities. Manufactured Home Communities
Niche Multifamily Markets: Challenges and Opportunities Manufactured Home Communities Chad Thomas Hagwood Senior Vice President and Branch Manager GMAC Commercial Mortgage Birmingham, Alabama Discussion
002314 Virginia Surety Company, Inc. As of September 8, 2010
Company Information Address: 175 W. Jackson Blvd. 11th Floor Chicago, IL 664 Top Officer: David L. Cole Top Officer's Title: Chairman & CEO Secretary: Ronald D. Markovits Telephone: 312-356-3 Fax: 312-356-31
Capital requirements for health insurance under Solvency II
Capital requirements for health insurance under Solvency II Medical Expense Insurance: Actuarial Aspects and Solvency Afternoon Seminar at the AG Insurance Chair in Health Insurance, KU Leuven 25 April
DRAFT May 2012. Objective and key requirements of this Prudential Standard
Prudential Standard LPS 340 Valuation of Policy Liabilities Objective and key requirements of this Prudential Standard The ultimate responsibility for the value of a life company s policy liabilities rests
The Delaware Advantage
October, 2012 The Delaware Advantage Flexible and Modern Business Entity Statutes; Respected Courts; Exceptional Service; Stable Environment ; Significant Case Law Decisions; and Unsurpassed Corporate
FREQUENTLY ASKED QUESTIONS Updated April 3, 2009
FREQUENTLY ASKED QUESTIONS Updated April 3, 2009 Making Home Affordable: How Genworth Mortgage Insurance Supports the Home Affordable Refinance Program Created to support a recovery in the housing market,
Prudential Practice Guide
Prudential Practice Guide GPG 240 Insurance Risk February 2006 www.apra.gov.au Australian Prudential Regulation Authority Disclaimer and copyright This prudential practice guide is not legal advice and
Disability Income Insurance 201 For producer training only. Not for use with consumers.
Standard Insurance Company The Standard Life Insurance Company of New York Standard Insurance Company is licensed to issue insurance in all states except New York. The Standard Life Insurance Company of
Solvency Standard for Captive Insurers Transacting Non-life Insurance Business 2014
Solvency Standard for Captive Insurers Transacting Non-life Insurance Business 2014 Prudential Supervision Department Issued: December 2014 2 1. Introduction 1.1. Authority 1. This solvency standard is
Washington, DC. A World-Class City for Captive Insurance
Washington, DC A World-Class City for Captive Insurance Washington, DC A World-Class City for Captive Insurance The Risk Finance Bureau regulates captive insurance companies, risk retention groups and
APPLICATION / RATE TEMPLATE CHANGE LOG
APPLICATION / RATE TEMPLATE CHANGE LOG 05/01/07 No substantive changes to the Rate Template since the 04/17/07 version. On the Instruction tab, directions for correcting a common Excel error were added
EIOPA Risk Dashboard March 2015 Q4 2014 data PUBLIC. EIOPA-FS-15/209 Frankfurt, 20th March 2015
EIOPA Risk Dashboard March 2015 Q4 2014 data PUBLIC EIOPA-FS-15/209 Frankfurt, 20th March 2015 Summary The release of this EIOPA Risk Dashboard is based on 2014- Q4 indicators submitted on a best effort
EIOPA Risk Dashboard. March 2013 EIOPAFS13022
EIOPA Risk Dashboard March 2013 EIOPAFS13022 Systemic risks and vulnerabilities On the basis of observed market conditions, data gathered from undertakings, and expert judgment, EIOPA assesses the main
Life Insurance Product Advice - A Guide for the Appointed Actuary
LIFE INSURANCE AND WEALTH MANAGEMENT PRACTICE COMMITTEE Information Note: Product Advice regarding Policies and Reinsurance to a Life Insurer or Friendly Society under LPS 320 Contents A. Status of Information
Northwind Individual Income Protection Closed Block Securitization Transaction. (Posted on www.unum.com 10/31/2007)
Northwind Individual Income Protection Closed Block Securitization Transaction (Posted on www.unum.com 10/31/2007) Safe Harbor Statement This presentation includes forward-looking statements, which are
InsuranceIQ Bank & Trust. Prepared for: Gregory & Patricia Toppins Insurance Trust Dated 3/15/2007. Policy Owner: InsuranceIQ#: 0001-00010-01
Date Completed: 3/22/2013 Prepared for: InsuranceIQ Bank & Trust Policy Owner: InsuranceIQ#: 0001-00010-01 Prepared for: InsuranceIQ Bank & Trust Branch Code: West 1st Street External Trustee(s): Trustee:
INSTITUTE AND FACULTY OF ACTUARIES EXAMINATION
INSTITUTE AND FACULTY OF ACTUARIES EXAMINATION 30 April 2015 (am) Subject SA2 Life Insurance Specialist Applications Time allowed: Three hours INSTRUCTIONS TO THE CANDIDATE 1. Enter all the candidate and
CMFAS M9 Life Insurance And Investment Linked Policies
CMFAS M9 Life Insurance And Investment Linked Policies Module Description: The objectives of this module are to provide candidates with the knowledge on and understanding of traditional life insurance
The Prudential Assurance Company Limited
The Prudential Assurance Company Limited Annual PRA Insurance Returns for the year ended 31 December 2015 IPRU(INS) Appendices 9.1, 9.2, 9.3, 9.4, 9.4A, 9.5, 9.6 Balance Sheet and Profit and Loss Account
NST.07 Non- Life Premiums, claims and expenses - detailed split by Class and Distribution Channel
NST.07 Non- Life Premiums, claims and expenses - detailed split by Class and Distribution Channel This template shall be reported from an accounting perspective (Local GAAP valuation) but using SII lines
The New Prior Approval Rate Application Process
The New Prior Approval Rate Application Process A Tutorial State of California Department of Insurance September 01, 2015 Contents Purpose... 3 Grace Period Previous Versions... 3 The Prior Approval Rate
Introduction. Coverage. Principle 1: Embedded Value (EV) is a measure of the consolidated value of shareholders interests in the covered business.
Introduction Principle 1: Embedded Value (EV) is a measure of the consolidated value of shareholders interests in the covered business. G1.1 The EV Methodology ( EVM ) described here is applied to the
Application 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
Stock Options. Definition
Stock Options Definition Contractual instruments whereby two parties enter into an agreement To give something of value to each other Option contract gives the holder the right to buy/ sell a certain amount
U.S. INDIVIDUAL LIFE INSURANCE PERSISTENCY UPDATE
A 2007 Report U.S. INDIVIDUAL LIFE INSURANCE PERSISTENCY UPDATE A JOINT STUDY SPONSORED BY LIMRA INTERNATIONAL AND THE SOCIETY OF ACTUARIES 2008, LIMRA International, Inc. 300 Day Hill Road, Windsor, Connecticut
CASE 0:12-cv-02496-PJS-FLN Document 28 Filed 10/26/12 Page 1 of 58
CASE 0:12-cv-02496-PJS-FLN Document 28 Filed 10/26/12 Page 1 of 58 CASE 0:12-cv-02496-PJS-FLN Document 28 Filed 10/26/12 Page 2 of 58 CASE 0:12-cv-02496-PJS-FLN Document 28 Filed 10/26/12 Page 3 of 58
Nevada Division of Insurance. Annual Reporting for Credit Life, Credit Accident & Health and Credit Involuntary Unemployment Insurance
Nevada Division of Insurance Annual Reporting for Credit Life, Credit Accident & Health and Credit Involuntary Unemployment Insurance 2014 Instructions 1. General Instructions These instructions are provided
QUANTITATIVE IMPACT STUDY NO. 4 GENERAL INSTRUCTIONS
QUANTITATIVE IMPACT STUDY NO. 4 GENERAL INSTRUCTIONS The purpose of this study is to gather information to evaluate a number of potential methods for determining the capital requirements related to market,
FORWARD-LOOKING STATEMENT
1 FORWARD-LOOKING STATEMENT This presentation contains forward-looking statements, which are subject to risks and uncertainties. Additional discussion of factors that could cause actual results to differ
REPUBLIC OF SOUTH AFRICA DRAFT INSURANCE BILL --------------------------------
REPUBLIC OF SOUTH AFRICA DRAFT INSURANCE BILL -------------------------------- (As introduced in the National Assembly (proposed section 75); explanatory summary of Bill published in Government Gazette
SOA 2013 Life & Annuity Symposium May 6-7, 2013. Session 28 PD, Life Protection Product Update. Moderator: Robert P.
SOA 2013 Life & Annuity Symposium May 6-7, 2013 Session 28 PD, Life Protection Product Update Moderator: Robert P. Stone, FSA, MAAA Presenters: Jeremy Allen Bill, FSA, MAAA Elizabeth H. MacGowan, FSA,
up to 1 year 2,391 3.27 1 to 5 years 3,441 4.70 6 to 10 years 3,554 4.86 11 to 20 years 1,531 2.09 over 20 years 62,226 85.08 TOTAL 73,143 100.
SECTION 2 RISKS OF INSURANCE COMPANIES 2.1 INSURANCE RISKS QUALITATIVE AND QUANTITATIVE INFORMATION Life business The typical risks of the life insurance portfolio (managed by Intesa Sanpaolo Vita, Intesa
Embedded Value 2014 Report
Embedded Value 2014 Report Manulife Financial Corporation Page 1 of 13 Background: Consistent with our objective of providing useful information to investors about our Company, and as noted in our 2014
Guidance Manual for the completion of the Long-term Insurance Statutory Returns for 2012
Guidance Manual for the completion of the Long-term Insurance Statutory Returns for 2012 i Table of contents INTRODUCTION 1 INFORMATION REGARDING THE RETURN 1 EXCEL FUNCTIONALITY 4 VALIDATION TOOL 4 DEFINITIONS
Non-Life Insurance in Japan --- Automobile Insurance & Fire Insurance
Non-Life Insurance in Japan --- Automobile Insurance & Fire Insurance CAS Annual Meeting November 18, 2009 Kazuhiro Tanaka, F.I.A.J., Nipponkoa Insurance Co., Ltd. Jun Ikeda, F.I.A.J., Fuji Fire and Marine
Derivation of the IFRS 4 Statement of Comprehensive Income for Insurance Contracts
Derivation of the IFRS 4 Statement of Comprehensive Income for Insurance Contracts The purpose of this document is to specify the creation of the proposed IFRS 4 Statement of Comprehensive Income for Insurance
PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES
PROFESSIONAL INDEMNITY INSURANCE PROPOSAL FORM FOR INSURANCE INTERMEDIARIES Howden Insurance Brokers Limited is an official scheme provider of Professional Indemnity for BIBA members Please complete this
Pricing Alternative forms of Commercial insurance cover. Andrew Harford
Pricing Alternative forms of Commercial insurance cover Andrew Harford Pricing alternative covers Types of policies Overview of Pricing Approaches Total claim cost distribution Discounting Cash flows Adjusting
JMP Mid-Atlantic November 11-12, 2013
JMP Mid-Atlantic November 11-12, 2013 C. Allen Bradley, Jr. Chairman & Chief Executive Officer Michael F. Grasher Chief Financial Officer Forward Looking Statements Statements made in this presentation
2014 Head office: Ballam Road, Lytham St.Annes, FY8 4JZ Annual PRA Insurance Returns for the year ended 31 December 2014 IPRU(INS) Appendices 9.1, 9.2, 9.3, 9.4, 9.4A, 9.5, 9.6 Balance Sheet and Profit
Alternative Products. Current LTC Alternatives: Short Term Care and Combination Products. Dawn Helwig, FSA, MAAA
Alternative Products Current LTC Alternatives: Short Term Care and Combination Products Dawn Helwig, FSA, MAAA Tony Laudato, FSA, MAAA Short Term Care Insurance Dawn E. Helwig, FSA, MAAA Milliman, Inc.
Internal Replacement Guidelines
Internal Replacement Guidelines MAY 2015 All John Hancock branded life insurance products (with the exception of COLI, BOLI, and products issued with a simplified underwriting process) are subject to the