Advanced Diploma in Insurance
|
|
- Noel Allen
- 8 years ago
- Views:
Transcription
1 THE CHARTERED INSURANCE INSTITUTE 990 Advanced Diploma in Insurance Unit 990 Insurance corporate management April 2011 examination Instructions Three hours are allowed for this paper. Do not begin writing until the invigilator instructs you to. Read the instructions on page 3 carefully before answering any questions. Provide the information requested on the answer book and form B. You are allowed to write on the inside pages of this question paper, but you must NOT write your name, candidate number, PIN or any other identification anywhere on this question paper. The answer book and this question paper must both be handed in personally by you to the invigilator before you leave the examination room. Failure to comply with this regulation will result in your paper not being marked and you may be prevented from entering this examination in the future. 1714
2 The Chartered Insurance Institute 20 Aldermanbury, London EC2V 7HY Telephone: Fax: The Chartered Insurance Institute
3 Unit 990 Insurance corporate management Instructions to candidates Read the instructions below before answering any questions Three hours are allowed for this paper which carries a total of 160 marks, as follows: Part I 1 compulsory question (case study) 80 marks Part II 2 questions selected from 3 (scenarios) 80 marks You should answer the question in Part I, and two out of the three questions in Part II. You are advised to spend no more than 90 minutes on Part I and 45 minutes on each question selected in Part II. It is recommended that you spend 15 minutes reading and planning your answer to the case study and 75 minutes answering it, and that you spend 10 minutes reading and planning your answer to each scenario and 35 minutes answering it. A case study tests extensively across syllabus learning outcomes, whilst a scenario will be more focused on specific learning outcomes. Read carefully all questions and information provided before starting to answer. Your answer will be marked strictly in accordance with the question set. You may find it helpful in some places to make rough notes in the answer booklet. If you do this, you should cross through these notes before you hand in the booklet. It is important to show each step in any calculation, even if you have used a calculator. If you bring a calculator into the examination room, it must be a silent battery or solar-powered non-programmable calculator. The use of electronic equipment capable of being programmed to hold alphabetic or numerical data and/or formulae is prohibited. You may use a financial or scientific calculator, provided it meets these requirements. Answer each question on a new page. If a question has more than one part, leave six lines blank after each part PTO
4 PART I Case study. This question is worth 80 marks. To gain maximum marks you should include relevant examples and further reading in your answer. 1. Case Study You are an external consultant who has been retained by SER Insurance Company to prepare a report on the organisational structure. You have been provided with the following information. SER Insurance Company was formed in 2002 by a group of investors who retain 90% of the equity, with the balance held by directors and senior managers. From its inception, when it only had 20 employees, the business has grown from a first year gross written premium of 8million to the current year s 300million, primarily through a series of acquisitions of UK based insurers. Staff currently number 300. The business insures personal and commercial lines of business, written on a direct basis in the UK and through agents in Europe. The business retains a functional organisational structure, although this has created tensions in recent years between departments regarding strategic implementation. This has also led to an increasing lack of focus on rapidly absorbing acquisitions. In addition, the focus of directors and senior managers is being deflected from the long-term direction of the business due to their large spans of control. The strategy is to create a highly efficient and profitable organisation which will, through acquisitions, absorb relatively poorly performing small and medium sized insurers into a business which has the lowest operating ratio of any insurer in the marketplace. These low operating costs will be achieved by being prepared to outsource any activity which can be externally handled more cost effectively and with better performance. The strategy includes recognition of the importance of customer focus and the need for information systems to be built around an understanding of the customer. SER Insurance Company remains on target to complete four further acquisitions in the next six years which, with organic growth, will enable it to achieve an annual gross written premium of 1billion by To date, 10% of the expenses are represented by outsourced activity and the Board are committed to increasing this to over 60% by The current organisational structure is: Chief Executive Marketing & Sales Directors (UK) Marketing & Sales Director (Europe ex UK) Finance Director IT Head of Department Underwriting Director Claims Manager Company Secretary Acquisitions Head of Department
5 Question Prepare a report for SER Insurance Company in which you examine the current organisational structure. Then consider alternative organisational structures which may be more effective. You should recommend a suitable structure to support the further development of this business and justify your recommendation. (80) Questions continue over the page PTO
6 PART II Scenarios. Answer TWO of the following THREE questions. Each question is worth 40 marks. To gain maximum marks you should include relevant examples and further reading in your answer. 2. Scenario You are the Executive Manager for an Insurer who has established a major position in the personal lines direct sales market, where the opportunity to grow is limited. The Board has identified that the commercial market for small and medium sized businesses presents an opportunity for direct selling. Question You are asked by the Board to explore this opportunity by examining the factors which should be taken into account when considering whether to make a multi-million pound investment in a project to develop a commercial market direct sales capability. (40) 3. Scenario An insurer faces conflicting demands when it considers the capital requirement for its longterm success. The shareholders want to see the return on their investment optimised whilst insurance regulation requires that there is confidence regarding claims payments. It is also difficult for insurers to plan their financial risk management structure as it is not possible accurately to predict the future. Question Examine how the insurer through an understanding of capital adequacy and capital management can seek to balance and manage these needs. (40) 4. Scenario RES Insurance Company has suffered a major underwriting loss from a series of large claims in one of its product portfolios which has a multi-million pound annual written premium. The scale of the loss is such that RES s combined operating ratio, which was recently predicted to shareholders as 98%, for the year to 31 March 2011 will likely be in excess of 115%. This substantial deterioration has only just come to the attention of RES s Board. You are the senior non-executive director who chairs the Board s Audit Committee. Question Examine the nature of the enquiries you would make to investigate the combined operating ratio deterioration and describe your initial recommendation about regulatory implications. (40)
7 BLANK PAGE
8
THE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P94 Diploma in Insurance Unit P94 Motor insurance April 2011 examination Instructions Three hours are allowed for this paper. Do not begin writing until the invigilator
More informationAdvanced Diploma in Insurance
THE CHARTERED INSURANCE INSTITUTE 655 Advanced Diploma in Insurance Unit 655 Risk management April 2011 examination Instructions Three hours are allowed for this paper. Do not begin writing until the invigilator
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P63 Diploma in Insurance Unit P63 Long term insurance business April 2013 examination Instructions Three hours are allowed for this paper. Do not begin writing until the
More informationAdvanced Diploma in Insurance
THE CHARTERED INSURANCE INSTITUTE 990 Advanced Diploma in Insurance Unit 990 Insurance corporate management October 2014 examination Instructions Three hours are allowed for this paper. Do not begin writing
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P63 Diploma in Insurance Unit P63 Long-term insurance business October 2015 examination Instructions Three hours are allowed for this paper. Do not begin writing until
More informationAdvanced Diploma in Insurance
THE CHARTERED INSURANCE INSTITUTE 945 Advanced Diploma in Insurance Unit 945 Marketing insurance products and services April 2016 examination Instructions Three hours are allowed for this paper. Do not
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P63 Diploma in Insurance Unit P63 Long term insurance business April 2015 examination Instructions Three hours are allowed for this paper. Do not begin writing until the
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P94 Diploma in Insurance Unit P94 Motor Insurance October 2011 examination Instructions Three hours are allowed for this paper. Do not begin writing until the invigilator
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P94 Diploma in Insurance Unit P94 Motor insurance April 2014 examination Instructions Three hours are allowed for this paper. Do not begin writing until the invigilator
More informationAdvanced Diploma in Insurance
THE CHARTERED INSURANCE INSTITUTE 790 Advanced Diploma in Insurance Unit 790 Private medical insurance October 2011 examination Instructions Three hours are allowed for this paper. Do not begin writing
More informationAdvanced Diploma in Insurance
THE CHARTERED INSURANCE INSTITUTE 530 Advanced Diploma in Insurance Unit 530 Economics and business April 2015 examination Instructions Three hours are allowed for this paper. Do not begin writing until
More informationTHE CHARTERED INSURANCE INSTITUTE. Advanced Diploma in Financial Planning. Unit AF6 Senior management and supervision SPECIAL NOTICES
THE CHARTERED INSURANCE INSTITUTE AF6 Advanced Diploma in Financial Planning Unit AF6 Senior management and supervision October 2015 examination SPECIAL NOTICES Candidates are expected to be aware of the
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P85 Diploma in Insurance Unit P85 Claims practice October 2012 examination Instructions Two hours are allowed for this paper. Do not begin writing until the invigilator
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P62 Diploma in Insurance Unit P62 Life, critical illness and disability claims April 2014 examination Instructions Three hours are allowed for this paper. Do not begin
More informationTHE CHARTERED INSURANCE INSTITUTE. Unit P62 Life, critical illness and disability claims
THE CHARTERED INSURANCE INSTITUTE P62 Diploma in Insurance Unit P62 Life, critical illness and disability claims October 2015 examination Instructions Three hours are allowed for this paper. Do not begin
More informationTHE CHARTERED INSURANCE INSTITUTE. Unit P61 Life, critical illness and disability underwriting
THE CHARTERED INSURANCE INSTITUTE P61 Diploma in Insurance Unit P61 Life, critical illness and disability underwriting October 2015 examination Instructions Three hours are allowed for this paper. Do not
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P85 Diploma in Insurance Unit P85 Claims practice October 2014 examination Instructions Two hours are allowed for this paper. Do not begin writing until the invigilator
More informationTHE CHARTERED INSURANCE INSTITUTE. Read the instructions on page 3 carefully before answering any questions.
THE CHARTERED INSURANCE INSTITUTE P90 Diploma in Insurance Unit P90 Cargo and goods in transit insurances October 2015 examination Instructions Three hours are allowed for this paper. Do not begin writing
More informationTHE CHARTERED INSURANCE INSTITUTE. Diploma in Regulated Financial Planning SPECIAL NOTICES
THE CHARTERED INSURANCE INSTITUTE R06 Diploma in Regulated Financial Planning Unit 6 Financial planning practice April 2015 examination SPECIAL NOTICES All questions in this paper are based on English
More informationTHE CHARTERED INSURANCE INSTITUTE. Unit P61 Life, critical illness and disability underwriting
THE CHARTERED INSURANCE INSTITUTE P61 Diploma in Insurance Unit P61 Life, critical illness and disability underwriting April 2015 examination Instructions Three hours are allowed for this paper. Do not
More informationSPECIMEN PAPER 590 - PRINCIPLES OF TAKAFUL
590 SPECIMEN PAPER 590 - PRINCIPLES OF TAKAFUL This paper is intended as a guide to candidates preparing for an examination in Principles of Takaful. It provides candidates with an insight into the different
More informationTHE CHARTERED INSURANCE INSTITUTE. Diploma in Financial Planning SPECIAL NOTICES
THE CHARTERED INSURANCE INSTITUTE J11 Diploma in Financial Planning Unit J11 Wrap and platform services Specimen Examination Guide SPECIAL NOTICES Candidates entered for the October 2012 examination should
More informationTHE CHARTERED INSURANCE INSTITUTE CERTIFICATE IN FINANCIAL PLANNING PAPER 5 INTEGRATED FINANCIAL PLANNING PREPARING FOR CF5 EXAMINATION TECHNIQUE
CF5EXT THE CHARTERED INSURANCE INSTITUTE CERTIFICATE IN FINANCIAL PLANNING PAPER 5 INTEGRATED FINANCIAL PLANNING PREPARING FOR CF5 EXAMINATION TECHNIQUE CONTENTS Background Information...2 In the examination...4
More informationBOARD CHARTER. Its objectives are to: provide strategic guidance for the Company and effective oversight of management;
BOARD CHARTER Objectives The Board is ultimately responsible for the oversight and review of the management, operations and overall corporate governance of the Company. Its objectives are to: provide strategic
More informationAssociation for Project Management Business Management System
Association for Project Management Business Management System December 2012 2 Association for Project Management About APM Formed in 1972, the Association for Project Management (APM) is committed to developing
More informationThe ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results. Profits double as strategy delivers continued improved performance
The ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results Profits double as strategy delivers continued improved performance The Group (AIM: RTG), one of the UK s leading recruitment
More information1.2 The conduct of the Board is also governed by the Company's Constitution (Constitution).
1. Purpose of the Charter 1.1 This Board Charter (Charter) sets out the role, composition and responsibilities of the Board of Directors of Atlantic Ltd (Atlantic or Company) within the governance structure
More informationBOARD CHARTER Link Administration Holdings Limited ("Company") ABN 27 120 964 098
1. Role of the Board BOARD CHARTER Link Administration Holdings Limited ("Company") ABN 27 120 964 098 This Board Charter sets out the principles for the operation of the board of directors of the Company
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 informationDirectors and Officers Liability Insurance Guidance and Advice for Risk Managers
Directors and Officers Liability Insurance Guidance and Advice for Risk Managers The insurance market has responded to recent corporate failures by requiring more information from organisations seeking
More informationFinancial Reporting and Analysis
Chartered Secretaries Qualifying Scheme Level 1 Financial Reporting and Analysis Sample paper Time allowed: 3 hours and 15 minutes (including reading time) Do not open this examination paper until the
More informationCompliance Review Report Internal Audit and Risk Management Policy for the New South Wales Public Sector
Compliance Review Report Internal Audit and Risk Management Policy for the New South Wales Public Sector Background The Treasury issued TPP 09-05 Internal Audit and Risk Management Policy for the New South
More informationCorporate Governance Statement
Corporate Governance Statement The Board of Directors of APN Outdoor Group Limited (APO) is responsible for the overall corporate governance of APO, including establishing the corporate governance framework
More information2.2 Reviewing the company s internal financial controls and the company s internal control and risk management systems;
Beazley plc Audit and Terms of reference Approved by board resolution dated 23 July 2015 1. Objectives To assist the board of directors in fulfilling its oversight responsibilities for the financial reporting
More informationSTRATEGY UPDATE 2 MARCH 2016
STRATEGY UPDATE 2 MARCH 2016 Portfolio Focus on Attractive Growth and Margin Opportunities André Lacroix, CEO Intertek Group plc, is today announcing a strategic update outlining the Group s plan to deliver
More informationReviewed Condensed Consolidated Results
Reviewed Condensed Consolidated Results for the year ended 31 July 2009 Revenue up 32,0% to R1 255,1 million PBT up 27,3% to R116,5 million EPS up 25,5% to 120,7 cents HEPS up 25,9% to 121,9 cents Cash
More informationGuidelines on Investment in Shares, Interest-in-Shares and Collective Investment Schemes for Islamic Banks
Interest-in-Shares and Collective Investment Schemes for Islamic Banks BNM/RH/ GL 002-5 PART A: INTRODUCTION AND OVERVIEW...1 1. Overview of the Guidelines... 1 2. Definitions... 2 3. Legal Enforceability
More informationMount Gibson Iron Limited Corporate Governance Policies and Practices Manual Shareholder Communication Policy
1 Introduction 1.1 Mount Gibson Iron Limited (the Company) is committed to the following objectives: (d) (e) Ensuring that shareholders and the market are provided with full and timely information about
More information5 Interesting Facts about the Peer to Peer (P2P) Market
5 Interesting Facts about the Peer to Peer (P2P) Market 1 P2P is not crowdfunding PEER TO PEER LENDING CROWDFUNDING The practice of unrelated individuals or companies lending money directly to one another
More informationQBE INSURANCE GROUP Annual General Meeting 2009. All amounts in Australian dollars unless otherwise stated.
Annual General Meeting 2009 All amounts in Australian dollars unless otherwise stated. John Cloney Chairman 2 Results of proxy voting A total of 4,874 valid proxy forms were received. The respective votes
More informationCorporate Governance Statement
Corporate Governance Statement Mesoblast Limited (the Company or Mesoblast) and its Board of Directors (the Board) are committed to implementing and achieving an effective corporate governance framework
More informationDirectors & Officers Liability Insurance for Financial Institutions
Directors & Officers Liability Insurance for Financial Institutions PROPOsAl FORm Please answer all questions. If you have insufficient space to complete an answer, attach a separate signed and dated sheet
More informationANNEX D. GT CAPITAL HOLDINGS, INC. GT Tower International, Ayala Avenue corner H.V. Dela Costa St., Makati City
GT CAPITAL HOLDINGS, INC. GT Tower International, Ayala Avenue corner H.V. Dela Costa St., Makati City CORPORATE GOVERNANCE COMMITTEE CHARTER PREAMBLE Corporate Governance is the empowerment of the Board
More informationV1.0. Business. Specimen Assessment Material AS-level Paper 1 7131/1 Mark scheme. June 2014. Version 2.0
V1.0 AS Business Specimen Assessment Material AS-level Paper 1 7131/1 Mark scheme June 2014 Version 2.0 Mark schemes are prepared by the Principal Examiner and considered, together with the relevant questions,
More informationTHE HONG KONG INSTITUTE OF CHARTERED SECRETARIES THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS
THE HONG KONG INSTITUTE OF CHARTERED SECRETARIES THE INSTITUTE OF CHARTERED SECRETARIES AND ADMINISTRATORS International Qualifying Scheme Examination CORPORATE FINANCIAL MANAGEMENT DECEMBER 2013 Time
More informationDirectors & Officers Liability (D&O) Insurance. Benchmarking Report 2013
Directors & Officers Liability (D&O) Insurance Benchmarking Report 2013 Contents 1. Executive Summary...4 2. D&O benchmarking survey...6 3. D&O insurance arrangements...8 4. Risk manager role and responsibilities...10
More informationPlease find attached an announcement and supplementary information for release to the market.
QBE INSURANCE GROUP LIMITED ABN 28 008 485 014 Head Office 82 Pitt Street Sydney NSW 2000 AUSTRALIA 14 August 2008 The Manager Company Announcements ASX Limited Level 6 Exchange Centre 20 Bridge Street
More informationPROPOSAL FORM FOR DIRECTORS AND OFFICERS LIABILITY INSURANCE
PROPOSAL FORM FOR DIRECTORS AND OFFICERS LIABILITY INSURANCE PLEASE NOTE 1. This is a proposal form for a policy relating to claims made against the Directors and/or Officers of the Company shown in answer
More informationMDI-02 INSURANCE BUSINESS ENVIRONMENT
MDI MDI-02 INSURANCE BUSINESS ENVIRONMENT SYLLABUS Syllabus 2014-2015 MDI-02: INSURANCE BUSINESS ENVIRONMENT The objective of this module is to place the student s insurance knowledge in the context of
More informationIAM Level 5. Diploma in Business and Administrative Management. Qualification handbook. 2011 edition
IAM Level 5 Diploma in Business and Administrative Management Qualification handbook 2011 edition Published by the IAM IAM 2011 Registered charity number 254807 Published 2011 All rights reserved. This
More informationFOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS
FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international
More informationBCS-ISEB Business Analysis Training
BCS-ISEB Business Analysis Training Qualifications and Training Explained 2012 1 BCS-ISEB Business Analysis Training Business Analysis is where business management skills and IT systems skills meet. It
More informationCIM Level 6 Diploma in Professional Marketing
CIM Level 6 Diploma in Professional Marketing Digital Strategy (2203) June 2016 Assignment The assignment comprises THREE compulsory tasks Task 1 is worth 15 marks Task 2 is worth 40 marks Task 3 is worth
More informationCPM. Esurance CPM Application Form INSURANCE FOR CYBER, PRIVACY & MEDIA RISKS
CPM INSURANCE FOR CYBER, PRIVACY & MEDIA RISKS Esurance CPM Application Form This is an application for a cyber, privacy and media liability package policy aimed at a wide range of companies and professionals.
More informationPaper F7. Financial Reporting. Wednesday 3 June 2015. Fundamentals Level Skills Module. The Association of Chartered Certified Accountants
Fundamentals Level Skills Module Financial Reporting Wednesday 3 June 2015 Time allowed Reading and planning: 15 minutes Writing: 3 hours This paper is divided into two sections: Section A ALL 20 questions
More informationAEI GROUP Share Trading Policy
1. Introduction AEI GROUP Share Trading Policy 1.1 Background 1.1.1 This document sets out the share trading policy of Australian Ethical Investment Limited (AEI) and its wholly-owned subsidiary, Australian
More informationSetting up a Gibraltar Asset Management Company
Setting up a Gibraltar Asset Management Company 1. Why choose Gibraltar as a jurisdiction in which to set up an asset management company Gibraltar is within the European Union Regulated in accordance with
More informationInvestment Bond. Funds key features. This is an important document. Please keep it safe for future reference.
Investment Bond Funds key features. This is an important document. Please keep it safe for future reference. 2 WHAT ARE THE FUNDS KEY FEATURES? This document is part of the information we provide you to
More informationSourcing in procurement and supply
D3/July 2015 Diploma in procurement and supply Sourcing in procurement and supply Date Tuesday 21 July 2015 Time Start 09:30 End 12:30 Duration 3 hours QUESTION PAPER INSTRUCTIONS FOR CANDIDATES This examination
More informationAnnex B: Payment and Expenses for Governors
A REVIEW OF FURTHER EDUCATION AND SIXTH FORM COLLEGE GOVERNANCE Annex B: Payment and Expenses for Governors JULY 2013 Annex B: Payment and Expenses for Governors Introduction 1. This document has been
More informationFOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS
FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international
More informationCorporate Governance Statement
Corporate Governance Statement August 2015 Ethane Pipeline Income Fund comprises two registered investment schemes, Ethane Pipeline Income Trust and Ethane Pipeline Income Financing Trust (together the
More informationFor personal use only
Australian Securities Exchange Notice 19 February 2016 ILUKA RESOURCES LIMITED (ILU) APPENDIX 4G AND 2015 STATEMENT Please find attached the Appendix 4G and 2015 Corporate Governance Statement in accordance
More informationEffective Internal Audit in the Financial. Services Sector. Non Executive Directors (NEDs) and the Management of Risk
Consultation document Effective Internal Audit in the Financial A survey of heads of internal audit Services Sector Non Executive Directors (NEDs) and the Management of Risk Draft recommendations to the
More informationGUIDELINES ON RISK MANAGEMENT AND INTERNAL CONTROLS FOR INSURANCE AND REINSURANCE COMPANIES
20 th February, 2013 To Insurance Companies Reinsurance Companies GUIDELINES ON RISK MANAGEMENT AND INTERNAL CONTROLS FOR INSURANCE AND REINSURANCE COMPANIES These guidelines on Risk Management and Internal
More informationPaper P2 (UK) Corporate Reporting (United Kingdom) Tuesday 9 June 2015. Professional Level Essentials Module
Professional Level Essentials Module Corporate Reporting (United Kingdom) Tuesday 9 June 2015 Time allowed Reading and planning: Writing: 15 minutes 3 hours This paper is divided into two sections: Section
More informationAUDIT COMMITTEE TERMS OF REFERENCE
AUDIT COMMITTEE TERMS OF REFERENCE 1. Purpose The Audit Committee will assist the Board of Directors (the "Board") in fulfilling its oversight responsibilities. The Audit Committee will review the financial
More informationSHARE TRADING POLICY
SHARE TRADING POLICY 1. Introduction 1.1 Background 1.1.1 This Policy sets out the share trading policy of Australian Ethical Investment Limited (AEI) and its wholly-owned subsidiary, Australian Ethical
More informationCert CII (Health and Protection) Developing knowledge and skills in health and protection. 2014 Information for candidates. www.cii.co.
Cert CII (Health and Protection) 2014 Information for candidates Developing knowledge and skills in health and protection A CENTURY OF PROFESSIONALISM www.cii.co.uk overview Introduction Cert CII (Health
More informationRoger Dickinson, ICSA
The company secretary in the UK and their role in upholding best practice in corporate governance in banks and other organisations Roger Dickinson, ICSA The Company Secretary in the UK English law requires
More informationCORPORATE GOVERNANCE TREASURY WINE ESTATES ANNUAL REPORT FY2014 / 33
CORPORATE GOVERNANCE This corporate governance statement outlines the corporate governance framework that has been established by Treasury Wine Estates Limited (the Company) and its group of companies
More informationObtaining a premium or standard listing on the London Stock Exchange
Obtaining a premium or standard listing on the London Stock Exchange An overview 16 Old Bailey, London EC4M 7EG tel: +44 (0)20 7597 6000 fax: +44 (0)20 7597 6543 www.withersworldwide.com Contents 1. Introduction...1
More informationInstitute of Certified Bookkeepers
Making you count Institute of Certified Bookkeepers Level IV Module 2 Drafting Financial Statements Topic 1 The Regulatory Framework Explain the purpose of Financial Statements, the legal framework that
More informationFebruary 2016. Dear Members
February 2016 Dear Members Nominet UK: Company limited by guarantee Registered in England: Not for profit Company No. 3203859 VAT No. GB 172 8499 66 Registered Office: Minerva House, Edmund Halley Road,
More informationSale of receivables from the Spanish Public Health Care Sector. Cleaning up your Balance Sheet
Sale of receivables from the Spanish Public Health Care Sector Cleaning up your Balance Sheet Index i. Problem ii. Solution The Non Recourse sale of receivables to IOS Finance Key Accounting Considerations
More informationFinancial Decision Making
Chartered Secretaries Qualifying Scheme Level 2 Financial Decision Making Sample paper Time allowed: 3 hours and 15 minutes (including reading time) Do not open this examination paper until the presiding
More information1 SIMPLE ISA ADVICE SERVICE ISA TARIFF OF CHARGES SIMPLE ISA ADVICE SERVICE
1 SIMPLE ISA ADVICE SERVICE ISA TARIFF OF CHARGES SIMPLE ISA ADVICE SERVICE ISA TARIFF OF CHARGES. SIMPLE ISA ADVICE SERVICE ISA TARIFF OF CHARGES 2 We believe good financial advice is key to helping your
More informationDisclosure of Venture Capital Portfolios BVCA. Representing British Venture Capital and Private Equity
Guidelines Entrepreneurs for the Valuation Summit and Disclosure of Venture Capital Portfolios BVCA Representing British Venture Capital and Private Equity Contents 2 Preface Background 3 Reasons for valuation
More informationBoard means the Board of Directors of each of Scentre Group Limited, Scentre Management Limited, RE1 Limited and RE2 Limited.
Board Charter SCENTRE GROUP LIMITED ABN 66 001 671 496 SCENTRE MANAGEMENT LIMITED ABN 41 001 670 579 AFS Licence No: 230329 as responsible entity of Scentre Group Trust 1 ABN 55 191 750 378 ARSN 090 849
More informationCorporate and Business Law (GLO) (F4) September 2014 to August 2015
Corporate and Business Law (GLO) (F4) September 2014 to August 2015 ( PAPER EXAM SESSIONS IN DEC 2014 AND JUN 2015. START DATE FOR CBE NOVEMBER 19 2014.) This syllabus and study guide is designed to help
More informationChanges at a glance 2014 2018
CII insurance qualifications Changes at a glance 2014 2018 www.cii.co.uk 2 Enhancing the CII insurance qualifications framework The CII s qualifications framework serves all sectors of the insurance market,
More informationCorporate Financial Services
Corporate Financial Services The FdSc Professional Diploma in Banking Practice and Management is awarded by the University of Kent. The ifs School of Finance is a not-for-profit professional body and registered
More informationBuilding a Global Business Architecture Function Global Life Business Division, Zurich Insurance Services
Building a Global Business Architecture Function Global Life Business Division, Zurich Insurance Services Author: Tim Blaxall, Chief Business Architect, Global Life Version 1.0 June 2013 Global Life Architecture
More informationIT Governance Charter
Version : 1.01 Date : 16 September 2009 IT Governance Network South Africa USA UK Switzerland www.itgovernance.co.za info@itgovernance.co.za 0825588732 IT Governance Network, Copyright 2009 Page 1 1 Terms
More informationThe Board is collectively responsible for promoting the success of the Company by:
BOARD CHARTER SCANTECH LIMITED ("COMPANY") 1. Role of the Board The role of the Board is to provide leadership for and supervision of the Company s senior management. The Board provides the strategic direction
More informationRe: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance
September 8, 2015 MS&AD Insurance Group Holdings, Inc. Re: Agreement to Commence the Process for the Acquisition of Amlin, a UK Insurance Holding Company by Mitsui Sumitomo Insurance Mitsui Sumitomo Insurance
More informationFor personal use only
Statement of Corporate Governance for the Year Ended 30 June 2015 This Corporate Governance Statement is current as at 1 September 2015 and has been approved by the Board of Equus Mining Limited ( the
More informationVienna Insurance Group AG Wiener Versicherung Gruppe
Summary: Vienna Insurance Group AG Wiener Versicherung Gruppe Primary Credit Analyst: Johannes Bender, Frankfurt (49) 69-33-999-196; johannes_bender@standardandpoors.com Secondary Contact: Ralf Bender,
More informationIOOF Group Securities Trading Policy
IOOF Group Securities Trading Policy Reviewed and updated March 2015 Table of Contents 1. Overview 3 2. Part A: Personal Trading Guidelines for IOOF Securities 4 2.1 Scope of Part A 4 2.2 Insider Trading
More informationCORPORATE GOVERNANCE STATEMENT 2013 14
CORPORATE GOVERNANCE STATEMENT 2013 14 1 CORPORATE GOVERNANCE STATEMENT Corporate Governance Statement Aurizon Holdings Limited and the entities it controls (Aurizon Holdings or Company) believe corporate
More informationFINANCIAL REPORTING COUNCIL THE UK APPROACH TO CORPORATE GOVERNANCE
FINANCIAL REPORTING COUNCIL THE UK APPROACH TO CORPORATE GOVERNANCE OCTOBER 2010 The key aspects of corporate governance in the UK A single board collectively responsible for the sustainable success of
More informationIssue date: 25 June 2015. Board of Directors Charter
Issue date: 25 June 2015 Board of Directors Charter Board of Directors Charter Introduction This is the charter of the Board of Directors of the company specified in item 1 of the Schedule and each of
More informationCorporate Governance Statement
ASX and Media Release 2 October 2015 Black Oak Minerals Limited (ASX: BOK) releases its current as referenced in the Annual Report to Shareholders and Appendix 4G which were released to ASX on 29 September
More informationWestfield Corporation Human Resources Committee Charter. Westfield Corporation Limited (ABN 12 166 995 197) (ABN 66 072 780 619)
Westfield Corporation Human Resources Committee Charter Westfield Corporation Limited (ABN 12 166 995 197) WESTFIELD CORPORATION HUMAN RESOURCES Westfield America COMMITTEE Management CHARTER Page Limited
More informationCyberEdge. Desired Coverages. Application Form. Covers Required. Financial Information. Company or Trading Name: Address: Post Code: Telephone:
Company or Trading Name: Address: Post Code: Telephone: E-mail: Website: Date Business Established Number of Employees Do you have a Chief Privacy Officer (or Chief Information Officer) who is assigned
More informationPrinciples for An. Effective Risk Appetite Framework
Principles for An Effective Risk Appetite Framework 18 November 2013 Table of Contents Page I. Introduction... 1 II. Key definitions... 2 III. Principles... 3 1. Risk appetite framework... 3 1.1 An effective
More informationBasic Corporate Governance Policy
Resona Holdings, Inc. Basic Corporate Governance Policy The Basic Corporate Governance Policy clarifies the basic approach to the corporate governance of Resona Holdings, Inc. (hereinafter the Company
More informationCharteris plc Interim Report 2007
Charteris plc Interim Report 2007 Charteris plc, the business and IT consultancy, announces its interim results for the six months to 31 January 2007. HIGHLIGHTS Trading for the first half in line with
More informationBoard Risk & Compliance Committee Charter
Board Risk & Compliance Charter 10 December 2015 PURPOSE 1) The purpose of the Westpac Banking Corporation (Westpac) Board Risk & Compliance () is to assist the Board of Westpac (Board) as the Board oversees
More information