Pricing Flood Insurance - Resources for the Future
... flood zone, building elevation, and type of basement. In 2008, the Government Accountability Office (GAO) raised concerns that some of the data used in this modeling were outdated or inaccurate. FEMA has been updating FIRMs and making other improvements, but certain items, such as probability estima ...
... flood zone, building elevation, and type of basement. In 2008, the Government Accountability Office (GAO) raised concerns that some of the data used in this modeling were outdated or inaccurate. FEMA has been updating FIRMs and making other improvements, but certain items, such as probability estima ...
Table of contents
... Companies listed on the JSE have to comply with the JSE’s regulations. This gives the investor the added confidence that the company has to comply with the minimum requirements of the JSE, whose terms of listing are strict and require total transparency as to the financial activities of the company ...
... Companies listed on the JSE have to comply with the JSE’s regulations. This gives the investor the added confidence that the company has to comply with the minimum requirements of the JSE, whose terms of listing are strict and require total transparency as to the financial activities of the company ...
Draft FRS 104 - Accounting Standards Council
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
UNISDR Case Study Report
... and sharing risk and experience in loss prevention, insurance facilitates the resistance, absorption, accommodation, and recovery from the effects of a hazard in a timely manner, including reconstruction of a society’s essential basic infrastructures. II. Public policy issues can facilitate insuranc ...
... and sharing risk and experience in loss prevention, insurance facilitates the resistance, absorption, accommodation, and recovery from the effects of a hazard in a timely manner, including reconstruction of a society’s essential basic infrastructures. II. Public policy issues can facilitate insuranc ...
annual report - MSIG Malaysia
... Mitsui Sumitomo Insurance Company, Limited (“MSI”) was formed in Japan in October 2001 through a merger between two leading non-life insurance companies with long histories, Mitsui Marine & Fire Insurance Co., Ltd. (“Mitsui Marine”, established in 1918) and The Sumitomo Marine & Fire Insurance Co., ...
... Mitsui Sumitomo Insurance Company, Limited (“MSI”) was formed in Japan in October 2001 through a merger between two leading non-life insurance companies with long histories, Mitsui Marine & Fire Insurance Co., Ltd. (“Mitsui Marine”, established in 1918) and The Sumitomo Marine & Fire Insurance Co., ...
Global Insurance Market Opportunities - Thought Leadership
... far the most difficult to model, not just because of the need for extremely detailed location and elevation data, but also because of the interaction of the natural peril with human decision-making. The success of catastrophe models stands ...
... far the most difficult to model, not just because of the need for extremely detailed location and elevation data, but also because of the interaction of the natural peril with human decision-making. The success of catastrophe models stands ...
Strategy and Plans of the Triglav Group
... On the Slovene insurance market, the Group’s performance in the life insurance segment will be affected by a high number of maturities due to the aging of the portfolio and surrenders. The non-life insurance premium will be affected by the measures for retaining solid and loyal clients with client l ...
... On the Slovene insurance market, the Group’s performance in the life insurance segment will be affected by a high number of maturities due to the aging of the portfolio and surrenders. The non-life insurance premium will be affected by the measures for retaining solid and loyal clients with client l ...
The Global Insurance Protection Gap
... Underinsurance can be defined as the gap between the amount of insurance that is economically beneficial and the amount of insurance actually purchased. In nonlife insurance, this phenomenon can be measured by a benchmarked insurance coverage ratio. This ratio is based on a country’s non-life insura ...
... Underinsurance can be defined as the gap between the amount of insurance that is economically beneficial and the amount of insurance actually purchased. In nonlife insurance, this phenomenon can be measured by a benchmarked insurance coverage ratio. This ratio is based on a country’s non-life insura ...
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 ...
Market-Consistent Valuation of Long-Term
... 3 Private Health Insurance Company Framework In this paper we analyze German private health insurance contracts that substitute for German statutory health insurance (substitutive Krankenversicherung). These contracts usually cover medical costs due to inpatient, outpatient, and dental treatment. In ...
... 3 Private Health Insurance Company Framework In this paper we analyze German private health insurance contracts that substitute for German statutory health insurance (substitutive Krankenversicherung). These contracts usually cover medical costs due to inpatient, outpatient, and dental treatment. In ...
F2017C00060 F2017C00060
... insurance liability. However, the requirements in AASB 9 do apply to a put option or cash surrender option embedded in an insurance contract if the surrender value varies in response to the change in a financial variable (such as an equity or commodity price or index), or a non-financial variable th ...
... insurance liability. However, the requirements in AASB 9 do apply to a put option or cash surrender option embedded in an insurance contract if the surrender value varies in response to the change in a financial variable (such as an equity or commodity price or index), or a non-financial variable th ...
Africa insurance trends
... catastrophes that are creating challenges but also new opportunities for sophisticated underwriting models and risk transfer; 4. The rising economic significance of emerging high growth economies like Nigeria and Kenya. South Africa’s, economy on the other hand, is stagnating at a time when it shoul ...
... catastrophes that are creating challenges but also new opportunities for sophisticated underwriting models and risk transfer; 4. The rising economic significance of emerging high growth economies like Nigeria and Kenya. South Africa’s, economy on the other hand, is stagnating at a time when it shoul ...
Islamic Micro-Insurance * Micro-Takaful: Basic Exposition
... entrepreneurs to undertake high return activities, of course with higher risk than they would be in the absence of insurance. Risk and Insurance: Risk and uncertainty are fundamental facts of life. All human activities are subject to risk, which may lead to financial or physical losses to him. Every ...
... entrepreneurs to undertake high return activities, of course with higher risk than they would be in the absence of insurance. Risk and Insurance: Risk and uncertainty are fundamental facts of life. All human activities are subject to risk, which may lead to financial or physical losses to him. Every ...
RELATIONSHIP BETWEEN MACROECONOMIC VARIABLES AND
... The purpose of this study was to determine the relationship between macroeconomic variables and financial performance of Insurance Companies in Kenya. The financial performance measures of companies in Insurance industry used was the Return on Assets (ROA) which was regressed against the macroeconom ...
... The purpose of this study was to determine the relationship between macroeconomic variables and financial performance of Insurance Companies in Kenya. The financial performance measures of companies in Insurance industry used was the Return on Assets (ROA) which was regressed against the macroeconom ...
DETERMINANTS OF THE DEMAND FOR LIFE INSURANCE
... rise in income level of the society, but also by important changes in values that enhance the motives to own life insurance. Following early researchers (Yaari (1965), Fortune (1973)) the demand variable should depend on such core indicators as wealth, income level, interest rates and prices. Peter ...
... rise in income level of the society, but also by important changes in values that enhance the motives to own life insurance. Following early researchers (Yaari (1965), Fortune (1973)) the demand variable should depend on such core indicators as wealth, income level, interest rates and prices. Peter ...
The Cost of Financial Frictions for Life Insurers
... We find that the shadow cost of capital was $0.96 per dollar of statutory capital for the average company in November 2008. This cost varies from $0.10 to $5.53 per dollar of statutory capital for the cross section of insurance companies in our sample. Those companies with higher shadow cost sold mor ...
... We find that the shadow cost of capital was $0.96 per dollar of statutory capital for the average company in November 2008. This cost varies from $0.10 to $5.53 per dollar of statutory capital for the cross section of insurance companies in our sample. Those companies with higher shadow cost sold mor ...
Exit Strategies: Know Your Options
... captive owners to incur more cost as a result of annual actuarial reviews, board of director meetings, non-executive directorships, etc. If a captive runs off its liabilities until there are little or no outstanding claims left, the minimal size of any transaction would result in limited incentive f ...
... captive owners to incur more cost as a result of annual actuarial reviews, board of director meetings, non-executive directorships, etc. If a captive runs off its liabilities until there are little or no outstanding claims left, the minimal size of any transaction would result in limited incentive f ...
1) When those most likely to produce the outcome insured against
... the insured in exchange for a rebate on the premium. allows the insured to reduce the premium by accepting a portion of the risk that would otherwise be allocated to the insurance company. is none of the above. Question Status: Previous Edition Insurance companies reduce risk exposure in exchange fo ...
... the insured in exchange for a rebate on the premium. allows the insured to reduce the premium by accepting a portion of the risk that would otherwise be allocated to the insurance company. is none of the above. Question Status: Previous Edition Insurance companies reduce risk exposure in exchange fo ...
FIXING A BROKEN NATIONAL FLOOD INSURANCE PROGRAM
... insurers were able to lower their capital costs and transfer catastrophic and clustered risk elsewhere through reinsurance or securitization. However, even if these conditions were met, private insurers would still be unlikely to offer coverage at a price competitive with the NFIP. The NFIP retains ...
... insurers were able to lower their capital costs and transfer catastrophic and clustered risk elsewhere through reinsurance or securitization. However, even if these conditions were met, private insurers would still be unlikely to offer coverage at a price competitive with the NFIP. The NFIP retains ...
chapter - ii life insurance - basics and global trends
... measure of the actual future earnings or values of services of an individual – that is, the capitalized value of an individual’s future net earnings after subtracting self maintenance cost such as food, clothing and shelter. From the standpoints of one’s dependen ...
... measure of the actual future earnings or values of services of an individual – that is, the capitalized value of an individual’s future net earnings after subtracting self maintenance cost such as food, clothing and shelter. From the standpoints of one’s dependen ...
Insurance market report 2015
... liabilities from life insurance contracts must be secured by means of tied assets, whereby the total target amount in liabilities from such contracts, plus a one-percent safety margin, must be fully covered at all times. Covering the liabilities arising from insurance contracts takes precedence o ...
... liabilities from life insurance contracts must be secured by means of tied assets, whereby the total target amount in liabilities from such contracts, plus a one-percent safety margin, must be fully covered at all times. Covering the liabilities arising from insurance contracts takes precedence o ...
Document
... We have developed a detailed and uniform financial regulatory system in the U.S. In the 1990s we created risk-based capital requirements and have continued to improve the formula over time, including adding stochastic modeling and trend tests. SAP was codified in 2001 into a comprehensive guid ...
... We have developed a detailed and uniform financial regulatory system in the U.S. In the 1990s we created risk-based capital requirements and have continued to improve the formula over time, including adding stochastic modeling and trend tests. SAP was codified in 2001 into a comprehensive guid ...
Guideline B-21 Residential Mortgage Insurance - OSFI-BSIF
... way of reference to Guideline B-20 would likely create uncertainty and, given the objectives, be inappropriate. Additionally, certain mortgage insurance underwriting principles (e.g., expectations around mortgage insurers’ due diligence into lenders’ practices) are not included in Guideline B-20. Op ...
... way of reference to Guideline B-20 would likely create uncertainty and, given the objectives, be inappropriate. Additionally, certain mortgage insurance underwriting principles (e.g., expectations around mortgage insurers’ due diligence into lenders’ practices) are not included in Guideline B-20. Op ...
Insurance
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnity) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.