Forms of Benefit Payment at Retirement
... The growing importance of occupational defined contribution (DC) pension plans and personal retirement savings has caused increased attention to be focused on the forms of payment that should be allowed and/or encouraged under such plans at retirement. Many of the newly created defined contribution ...
... The growing importance of occupational defined contribution (DC) pension plans and personal retirement savings has caused increased attention to be focused on the forms of payment that should be allowed and/or encouraged under such plans at retirement. Many of the newly created defined contribution ...
Periodic Report for 2015
... to revise or change this information insofar as additional or different information in relation to the aforesaid information becomes available. ...
... to revise or change this information insofar as additional or different information in relation to the aforesaid information becomes available. ...
American International Group, Inc.
... quality objectives as well as current capital, risk return and business objectives. Fixed maturity securities held by the Non-Life Insurance Companies’ international operations consist primarily of intermediate duration high-grade securities, primarily in the markets being served. In addition, the N ...
... quality objectives as well as current capital, risk return and business objectives. Fixed maturity securities held by the Non-Life Insurance Companies’ international operations consist primarily of intermediate duration high-grade securities, primarily in the markets being served. In addition, the N ...
Model Investment Law Draft
... needs and whether its existing regulatory structure may be improved by using provisions of model laws recommended by the National Association of Insurance Commissioners (NAIC) or existing regulatory structures in other states or industries. This model law is not considered by the NAIC to exhaust reg ...
... needs and whether its existing regulatory structure may be improved by using provisions of model laws recommended by the National Association of Insurance Commissioners (NAIC) or existing regulatory structures in other states or industries. This model law is not considered by the NAIC to exhaust reg ...
1 September 2006 Page 1 of 52 The SPI Fund of Scottish Provident
... Those judgements are made by SPL in good faith, with a view to achieving what SPL believes to be a fair balance between the different interests of individual policyholders and groups of policyholders, and furthering the interests of policyholders as a whole. They are based, amongst other things, upo ...
... Those judgements are made by SPL in good faith, with a view to achieving what SPL believes to be a fair balance between the different interests of individual policyholders and groups of policyholders, and furthering the interests of policyholders as a whole. They are based, amongst other things, upo ...
usd/cnh options product information
... The information contained in this presentation is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities or other products or to provide any investment advice of any kind. This presentation is n ...
... The information contained in this presentation is for general informational purposes only and does not constitute an offer, solicitation, invitation or recommendation to subscribe for or purchase any securities or other products or to provide any investment advice of any kind. This presentation is n ...
earnings management and dividend policy of small and medium
... Earnings management has been found in various studies to affect dividend policy of listed companies. Based on literature review, dividend policy is widely measured by two indicators, including dividend payout ratio (Rafique, 2012; Kazemi et al., 2014) and dividend yield (Adelegan, 2003; Farinha and ...
... Earnings management has been found in various studies to affect dividend policy of listed companies. Based on literature review, dividend policy is widely measured by two indicators, including dividend payout ratio (Rafique, 2012; Kazemi et al., 2014) and dividend yield (Adelegan, 2003; Farinha and ...
Reinsurance
... corporate governance should reflect the characteristics of its business and be supplemented by systems for exchanging information among supervisors. Principle Two. Except as stated in Principle One, regulation and supervision of the legal forms, licensing and the possibility of withdrawing the licen ...
... corporate governance should reflect the characteristics of its business and be supplemented by systems for exchanging information among supervisors. Principle Two. Except as stated in Principle One, regulation and supervision of the legal forms, licensing and the possibility of withdrawing the licen ...
News Release
... The estimated Solvency II ratio represents the shareholder view. This ratio excludes the contribution to Group Solvency Capital Requirement (‘SCR’) and Group Own Funds of fully ring-fenced with-profits funds (£2.7 billion) and staff pension schemes in surplus (£0.7 billion) – these exclusions have n ...
... The estimated Solvency II ratio represents the shareholder view. This ratio excludes the contribution to Group Solvency Capital Requirement (‘SCR’) and Group Own Funds of fully ring-fenced with-profits funds (£2.7 billion) and staff pension schemes in surplus (£0.7 billion) – these exclusions have n ...
Download attachment
... formally the operation appears to be a risk transfer. Takaful and retakaful providers are liable for all the claims submitted under the contract and in case of deficit, they must call their shareholders for a qard al hassan, and/or adjust the pricing for the new or renewed contracts. 19 ...
... formally the operation appears to be a risk transfer. Takaful and retakaful providers are liable for all the claims submitted under the contract and in case of deficit, they must call their shareholders for a qard al hassan, and/or adjust the pricing for the new or renewed contracts. 19 ...
Independent-Transactions
... Problem. Business transactions often involve the exchange of 36477 . Most business transactions involve exchanges of cash or other 47023 exchange transactions to be inappropriate for restructured receivables 117261 economic effect on transactions that require exchanges between a 131611 and no exchan ...
... Problem. Business transactions often involve the exchange of 36477 . Most business transactions involve exchanges of cash or other 47023 exchange transactions to be inappropriate for restructured receivables 117261 economic effect on transactions that require exchanges between a 131611 and no exchan ...
Premium Liabilities - Actuaries Institute
... insurance liability (that is, the sum of outstanding claims liabilities and premium liabilities). More rigorous standards were also introduced regarding the determination of insurance liabilities, for example, insurance liability estimates are required to target a 75% likelihood of adequacy. The APR ...
... insurance liability (that is, the sum of outstanding claims liabilities and premium liabilities). More rigorous standards were also introduced regarding the determination of insurance liabilities, for example, insurance liability estimates are required to target a 75% likelihood of adequacy. The APR ...
2000 Annual Report PDF Version
... On the minus side, policyholder growth at GEICO slowed to a halt as the year progressed. It has become much more expensive to obtain new business. I told you last year that we would get our money’s worth from stepped-up advertising at GEICO in 2000, but I was wrong. We’ll examine the reasons later i ...
... On the minus side, policyholder growth at GEICO slowed to a halt as the year progressed. It has become much more expensive to obtain new business. I told you last year that we would get our money’s worth from stepped-up advertising at GEICO in 2000, but I was wrong. We’ll examine the reasons later i ...
CHINA LIFE INSURANCE CO LTD (Form: 20-F
... forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct, and you are cautioned not to place undue reliance on such statements. Important factors that could cause actual results to differ materially from our expectations are disclose ...
... forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct, and you are cautioned not to place undue reliance on such statements. Important factors that could cause actual results to differ materially from our expectations are disclose ...
Annual Report 2004 ¦ Zurich Financial Services
... equity of 13.3 percent, an increase of 1.2 percentage points compared with 2003. Our result was based on strong underlying improvements both in our General Insurance and Life Insurance businesses, record earnings contribution from Farmers Management Services and an excellent investment performance. ...
... equity of 13.3 percent, an increase of 1.2 percentage points compared with 2003. Our result was based on strong underlying improvements both in our General Insurance and Life Insurance businesses, record earnings contribution from Farmers Management Services and an excellent investment performance. ...
On Path–dependency of Constant Proportion Portfolio
... of behavioural finance. Behavioural finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. For an overview on behavioural finance we refer the reader to survey of Barberis and Thaler (2003). Dichtl and Drobetz (2011) and Gaspar ...
... of behavioural finance. Behavioural finance argues that some financial phenomena can plausibly be understood using models in which some agents are not fully rational. For an overview on behavioural finance we refer the reader to survey of Barberis and Thaler (2003). Dichtl and Drobetz (2011) and Gaspar ...
Monetary Policy Shocks and Consumer Inflation Expectations: An
... to discern whether consumer expectations are consistent with economic theory, as well as to explain patterns in actual inflation in the economy. Many papers studied the mechanics of measuring consumer confidence (See Curtin [1982]; Dominitz and Manski [2004]). While this data has been utilised to ad ...
... to discern whether consumer expectations are consistent with economic theory, as well as to explain patterns in actual inflation in the economy. Many papers studied the mechanics of measuring consumer confidence (See Curtin [1982]; Dominitz and Manski [2004]). While this data has been utilised to ad ...
Effect of Dividend Policies on Firm Value
... dividend payments should only be made on a residual basis. Others hold the view that a managed dividend policy can positively influence firm value. This poses the question, to what extent, if any, does dividend policy impact on firm value This study will analyse how dividend policies affect firm val ...
... dividend payments should only be made on a residual basis. Others hold the view that a managed dividend policy can positively influence firm value. This poses the question, to what extent, if any, does dividend policy impact on firm value This study will analyse how dividend policies affect firm val ...
State Auto Financial CORP (Form: 10-K, Received: 03/01
... segments”). These insurance segments are aligned consistent with the reporting lines to our principal operating decision makers. Our Investment operations is also a reportable segment. See a detailed discussion regarding our segments at Item 7 of this Form 10-K “Management’s Discussion and Analysis ...
... segments”). These insurance segments are aligned consistent with the reporting lines to our principal operating decision makers. Our Investment operations is also a reportable segment. See a detailed discussion regarding our segments at Item 7 of this Form 10-K “Management’s Discussion and Analysis ...
Adverse Selection in Reinsurance Markets
... Ratings. A. M. Best assigns financial strength ratings to companies using a discrete alphabetic scale; specifically, by applying letter ratings A++ , A+, A, A-, B+, etc., and they record the letter rating for each firm i in each year t. For the purposes of this study, we adopt the Doherty and Phill ...
... Ratings. A. M. Best assigns financial strength ratings to companies using a discrete alphabetic scale; specifically, by applying letter ratings A++ , A+, A, A-, B+, etc., and they record the letter rating for each firm i in each year t. For the purposes of this study, we adopt the Doherty and Phill ...
Reforming insurer profit in the CTP Green Slip Scheme Broad
... mechanism to ‘claw back’ in some way superprofits if and when they emerge in future? The current scheme uncertainties associated with long-tail benefits and common law lump sum damages make pricing of premiums difficult and assessment of ultimate profit levels uncertain. Benefit reform should delive ...
... mechanism to ‘claw back’ in some way superprofits if and when they emerge in future? The current scheme uncertainties associated with long-tail benefits and common law lump sum damages make pricing of premiums difficult and assessment of ultimate profit levels uncertain. Benefit reform should delive ...
1492 Syndicate annual accounts 2015
... significant risk of a material loss arising from liquidity risk. Regulatory and Compliance Risk: This is the risk of there being a financial loss owing to a breach of regulatory requirements and/or a failure to respond to a regulatory change. ...
... significant risk of a material loss arising from liquidity risk. Regulatory and Compliance Risk: This is the risk of there being a financial loss owing to a breach of regulatory requirements and/or a failure to respond to a regulatory change. ...
- Backpack
... – There is a fear that managers may waste corporate resources by over-investing in low or poor NPV projects. – Gordon Donaldson argued this is the reason for the pecking order managements tend to use when raising capital • Shareholders would prefer to receive a dividend and then have management file ...
... – There is a fear that managers may waste corporate resources by over-investing in low or poor NPV projects. – Gordon Donaldson argued this is the reason for the pecking order managements tend to use when raising capital • Shareholders would prefer to receive a dividend and then have management file ...
Putting Macroprudential Policy to Work
... several important steps to stabilize the mortgage and housing market. These include lowering the maximum LTV ratio step-by-step (by 1 % point a year, on current plans to 100% in 2018), stimulating mortgage debt amortization and gradually reducing the tax deductibility of interest payments on mortgag ...
... several important steps to stabilize the mortgage and housing market. These include lowering the maximum LTV ratio step-by-step (by 1 % point a year, on current plans to 100% in 2018), stimulating mortgage debt amortization and gradually reducing the tax deductibility of interest payments on mortgag ...