notes to the financial statements
... The company gives special attention to its corporate social responsibility and it is involved in various projects affecting society in which it operates such as: Improving the health status of the needy and assisting deserving charities. In 2015 the company launched was the lead sponsor of the Pione ...
... The company gives special attention to its corporate social responsibility and it is involved in various projects affecting society in which it operates such as: Improving the health status of the needy and assisting deserving charities. In 2015 the company launched was the lead sponsor of the Pione ...
Franchise Value and Firm Profitability: The Case of the Property
... premiums net of expenses, abbreviated as ELRs). To test the predictions of the model, we use a sample of property and liability insurers over the period 1985 to 2008. We first perform portfolio analysis to examine the average relationship between franchise value and insurer profitability. Insurers ...
... premiums net of expenses, abbreviated as ELRs). To test the predictions of the model, we use a sample of property and liability insurers over the period 1985 to 2008. We first perform portfolio analysis to examine the average relationship between franchise value and insurer profitability. Insurers ...
Separate Account Guidance - National Association of Insurance
... Certain annuity and life insurance contracts issued by insurers are subject to the Securities Act of 1933 and must be registered with the U.S. Securities and Exchange Commission (“SEC”), unless the contract qualifies for an exception. Consequently, an insurer issuing certain types of contracts must ...
... Certain annuity and life insurance contracts issued by insurers are subject to the Securities Act of 1933 and must be registered with the U.S. Securities and Exchange Commission (“SEC”), unless the contract qualifies for an exception. Consequently, an insurer issuing certain types of contracts must ...
Catastrophe Insurance Products in Markov Jump Diffusion Models
... zero-coupon CAT bond with hypothetical CAT loss distribution. Zajdenweber (1998) follows Litzenberger, Beaglehole, and Reynolds (1996) yet change the CAT loss distribution to Levy distribution. Louberge, Kellezi, and Gilli (1999) calculate the CAT bond under the assumption that the CAT loss stands f ...
... zero-coupon CAT bond with hypothetical CAT loss distribution. Zajdenweber (1998) follows Litzenberger, Beaglehole, and Reynolds (1996) yet change the CAT loss distribution to Levy distribution. Louberge, Kellezi, and Gilli (1999) calculate the CAT bond under the assumption that the CAT loss stands f ...
solvency and financial condition report for the year ended 31
... The majority of the insurance business underwritten by the Company is of a short tail nature, however, a proportion of claims take longer to settle completely. The Company’s material underwriting risk exposures relate to pricing risk and reserving risk on the motor insurance products underwritten. M ...
... The majority of the insurance business underwritten by the Company is of a short tail nature, however, a proportion of claims take longer to settle completely. The Company’s material underwriting risk exposures relate to pricing risk and reserving risk on the motor insurance products underwritten. M ...
between insurance companies Different forms of cooperation and
... approach. First, we used a well-established framework (Berliner’s) for assessing risk insurability, which takes into account actuarial, market and societal conditions. This framework is frequently used by market participants in order to determine whether a risk can be insured on a stand-alone basis ...
... approach. First, we used a well-established framework (Berliner’s) for assessing risk insurability, which takes into account actuarial, market and societal conditions. This framework is frequently used by market participants in order to determine whether a risk can be insured on a stand-alone basis ...
Risk Management by Insurers: An Analysis of the Process
... The literature is filled with such stories. The classic paper by Warner [1977] was the first to present empirical evidence of this cost, but more recent studies, such as Weiss [1990] continue to reinforce its importance. As a result, standard corporate finance textbooks make clear reference to the c ...
... The literature is filled with such stories. The classic paper by Warner [1977] was the first to present empirical evidence of this cost, but more recent studies, such as Weiss [1990] continue to reinforce its importance. As a result, standard corporate finance textbooks make clear reference to the c ...
London Market Group | Home
... heritage tracing back to the seventeenth century when London merchants began exploring trades with the East Indies, the New World, Russia, Africa and the Middle East. London developed into the leading international trade centre, with its growth underpinned by the development of an insurance industry ...
... heritage tracing back to the seventeenth century when London merchants began exploring trades with the East Indies, the New World, Russia, Africa and the Middle East. London developed into the leading international trade centre, with its growth underpinned by the development of an insurance industry ...
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... details that make this negative effect worse. He concludes that countries with a higher literacy rate, better institutions, higher per capita income, higher degree of openness to trade, higher levels of government spending, more foreign exchange reserves, and higher levels of domestic credit but wit ...
... details that make this negative effect worse. He concludes that countries with a higher literacy rate, better institutions, higher per capita income, higher degree of openness to trade, higher levels of government spending, more foreign exchange reserves, and higher levels of domestic credit but wit ...
Pacific Catastrophe Risk Insurance Pilot
... PCRAFI began at the request of PICs at the 2006 World Bank/International Monetary Fund (IMF) Annual Meetings. It is an innovative program that builds on the principle of regional coordination and provides PICs with disaster risk modelling and assessment tools for enhanced disaster risk management an ...
... PCRAFI began at the request of PICs at the 2006 World Bank/International Monetary Fund (IMF) Annual Meetings. It is an innovative program that builds on the principle of regional coordination and provides PICs with disaster risk modelling and assessment tools for enhanced disaster risk management an ...
Macro-prudential policy for residential mortgage lending (CP87
... built within the regulatory framework can help ensure with proper supervision that lenders do not devolve to the standards mentioned above. In fact, this was the primary conclusion of the Joint Forum of the Basel Committee, International Association of Insurance Supervisors and The International Org ...
... built within the regulatory framework can help ensure with proper supervision that lenders do not devolve to the standards mentioned above. In fact, this was the primary conclusion of the Joint Forum of the Basel Committee, International Association of Insurance Supervisors and The International Org ...
Carry out the ideal future life
... asset allocation when there are material changes in market outlook and condition, or engage in other financial arrangements including but not limited to reinsurance arrangement. When appropriate, BOC Life may use derivatives to manage our risk exposure such as currency risk. Philosophy in Deciding D ...
... asset allocation when there are material changes in market outlook and condition, or engage in other financial arrangements including but not limited to reinsurance arrangement. When appropriate, BOC Life may use derivatives to manage our risk exposure such as currency risk. Philosophy in Deciding D ...
lincoln national corporation
... majority-owned subsidiaries. Through subsidiary companies, LNC operates multiple insurance and investment management businesses. The collective group of companies uses "Lincoln Financial Group" as its marketing identity. Operations are divided into four business segments. Less than majority-owned en ...
... majority-owned subsidiaries. Through subsidiary companies, LNC operates multiple insurance and investment management businesses. The collective group of companies uses "Lincoln Financial Group" as its marketing identity. Operations are divided into four business segments. Less than majority-owned en ...
Assignment 10
... – Are pro rata or proportional but are different in that the retention is a dollar amount – Not all risks insured and requires a report of risks or bordereau and increases expense – Provides large line capacity – May have occurrence limit by reinsurer ...
... – Are pro rata or proportional but are different in that the retention is a dollar amount – Not all risks insured and requires a report of risks or bordereau and increases expense – Provides large line capacity – May have occurrence limit by reinsurer ...
2016 Stress Tests of the Bulgarian Insurance Sectorpdf / 1.02 MB
... insurance and other discretionary lines. While a favourable economic climate and rising household incomes should support growth in both the life and non-life sectors, the expansion is likely to be at a moderate pace. It is expected that insurers will continue to gradually increase their exposure to ...
... insurance and other discretionary lines. While a favourable economic climate and rising household incomes should support growth in both the life and non-life sectors, the expansion is likely to be at a moderate pace. It is expected that insurers will continue to gradually increase their exposure to ...
Insurance Concentration Risk Charge Natural Perils
... Who did this? Is it Material? Is it accurate? Individual Large policies ...
... Who did this? Is it Material? Is it accurate? Individual Large policies ...
AUSTRALIAN CAPITAL TERRITORY INSURANCE AUTHORITY
... The Act establishes the Authority as the ACT Government’s captive insurer providing insurance services to all ACT Government Directorates and statutory authorities, to meet the insurable claims and losses of ACT Government agencies. The Authority’s captive insurance model protects the ACT Government ...
... The Act establishes the Authority as the ACT Government’s captive insurer providing insurance services to all ACT Government Directorates and statutory authorities, to meet the insurable claims and losses of ACT Government agencies. The Authority’s captive insurance model protects the ACT Government ...
Here - Connecticut Insurance Law Journal
... BEHAVIORAL ECONOMICS TO PROTECT CONSUMERS FROM ADD-ON INSURANCE PRODUCTS TOM BAKER* PETER SIEGELMAN∗ ...
... BEHAVIORAL ECONOMICS TO PROTECT CONSUMERS FROM ADD-ON INSURANCE PRODUCTS TOM BAKER* PETER SIEGELMAN∗ ...
ASPEN INSURANCE HOLDINGS LTD (Form: 8-K
... For the quarter ended March 31, 2016 , the Reinsurance accident year loss ratio excluding catastrophes was 50.7% compared with 44.5% a year ago. Of the total increase in the accident year loss ratio excluding catastrophes, approximately half was due to the inclusion of AgriLogic, with the balance du ...
... For the quarter ended March 31, 2016 , the Reinsurance accident year loss ratio excluding catastrophes was 50.7% compared with 44.5% a year ago. Of the total increase in the accident year loss ratio excluding catastrophes, approximately half was due to the inclusion of AgriLogic, with the balance du ...
Growing into the Future for Bilateral Trade
... EXIMBANK of R.O.C.– A Policy Bank EXIMBANK is a full-implementation agency of the ROC government's trade and economic policies; i.e., Providing financial services and assisting manufacturers to expand markets in foreign trade. The best helper and partner of Taiwanese exporters and foreign buyers. ...
... EXIMBANK of R.O.C.– A Policy Bank EXIMBANK is a full-implementation agency of the ROC government's trade and economic policies; i.e., Providing financial services and assisting manufacturers to expand markets in foreign trade. The best helper and partner of Taiwanese exporters and foreign buyers. ...
Changes in Ownership Structure
... high to prevent it. Frech (1980) and O’Hara (1981) found that mutual organizations had higher expenses than stock organizations. Examining agency-specific results, Boose (1990) reported that mutual insurers have higher general expenses than stock insurers. Verbrugge and Goldstein (1981) noted that s ...
... high to prevent it. Frech (1980) and O’Hara (1981) found that mutual organizations had higher expenses than stock organizations. Examining agency-specific results, Boose (1990) reported that mutual insurers have higher general expenses than stock insurers. Verbrugge and Goldstein (1981) noted that s ...
2010 - About KLP
... the average for the last five years has been NOK 20 million! It is expected that these figures will vary substantially, but this is a dramatic deviation for one single accounting year. Looking more closely at these claims, the number of claims is somewhat higher than expected, but this in itself doe ...
... the average for the last five years has been NOK 20 million! It is expected that these figures will vary substantially, but this is a dramatic deviation for one single accounting year. Looking more closely at these claims, the number of claims is somewhat higher than expected, but this in itself doe ...
AMICE response to EIOPA Consultation on the review of specific
... preparing the annual financial statements and determining the Solvency positions and all related disclosure requirements. The topics presented by EIOPA are topics which need to be discussed intensely especially when issues are recognised and solutions have to be prepared. AMICE has tried to provide ...
... preparing the annual financial statements and determining the Solvency positions and all related disclosure requirements. The topics presented by EIOPA are topics which need to be discussed intensely especially when issues are recognised and solutions have to be prepared. AMICE has tried to provide ...
Discussion Document 92 (v 8) Assessment of Group Solvency
... Excess or deficits of capital existing at the level of each entity in the group, i.e. on a solo basis, are aggregated (with relevant adjustments being made for internal holding) in order to measure surplus (or deficit) at group level. Special care should be taken in the modeling of internal transact ...
... Excess or deficits of capital existing at the level of each entity in the group, i.e. on a solo basis, are aggregated (with relevant adjustments being made for internal holding) in order to measure surplus (or deficit) at group level. Special care should be taken in the modeling of internal transact ...
History of insurance
The history of insurance describes the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment.The industry helps to eliminate risks (as when fire insurance companies demand the implementation of safe practices and the installation of hydrants), spreads risks from the individual to the larger community, and provides an important source of long-term finance for both the public and private sectors. The insurance industry is generally profitable and provides attractive employment opportunities for white collar workers.