MCEV – Market Consistent Embedded Value Report 2015
... The MCEV disclosure covers the material life and health businesses consolidated into the Retail Germany and Retail International divisions, and Life/Health Reinsurance segment of the IFRS accounts of Talanx. The MCEV has been explicitly calculated for the major primary life insurance carriers in Ger ...
... The MCEV disclosure covers the material life and health businesses consolidated into the Retail Germany and Retail International divisions, and Life/Health Reinsurance segment of the IFRS accounts of Talanx. The MCEV has been explicitly calculated for the major primary life insurance carriers in Ger ...
Managing the consequences of macroeconomic and (geo
... At the same time, we believe that financial markets can offer agents tools to protect their assets from macroeconomic and macrofinancial risk, through options, swaps and derivatives. Such tools allow agents to directly exchange or trade their respective risks. Reinsurance companies, however, should ...
... At the same time, we believe that financial markets can offer agents tools to protect their assets from macroeconomic and macrofinancial risk, through options, swaps and derivatives. Such tools allow agents to directly exchange or trade their respective risks. Reinsurance companies, however, should ...
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... relevant to the determination of a reasonable property/casualty profit level. Furthermore, the specific profit level recommended, five percent, was established apparently without meaningful statistical support. Subsequent studies and reports began to question the appropriateness of ignoring investme ...
... relevant to the determination of a reasonable property/casualty profit level. Furthermore, the specific profit level recommended, five percent, was established apparently without meaningful statistical support. Subsequent studies and reports began to question the appropriateness of ignoring investme ...
Opaque Financial Reporting due to Unemployment Concerns
... benefit claimants, as a proportion of state population. We show that lower unemployment insurance increases opacity more for firms that are inherently riskier, i.e., growth firms, and firms with higher bankruptcy risk and low cash flows. We also find that higher unemployment insurance had a greater ...
... benefit claimants, as a proportion of state population. We show that lower unemployment insurance increases opacity more for firms that are inherently riskier, i.e., growth firms, and firms with higher bankruptcy risk and low cash flows. We also find that higher unemployment insurance had a greater ...
Commercial Risk Europe
... national European associations to help develop risk management in Latin America and boost standards in the region. Speaking at Commercial Risk Europe’s Managing Global Programmes Risk Frontiers seminar in Madrid, Mr San Juan said Europeans risk losing an opportunity to influence the development of r ...
... national European associations to help develop risk management in Latin America and boost standards in the region. Speaking at Commercial Risk Europe’s Managing Global Programmes Risk Frontiers seminar in Madrid, Mr San Juan said Europeans risk losing an opportunity to influence the development of r ...
Documento de Trabajo N° 14: Las Pensiones en el nuevo Sistema
... individual accounts. Starting in 1983 payouts from the accounts were permitted and detailed rules about payouts were put in place. The Chilean scheme therefore gives us an opportunity to examine how pensioners and pension providers react when individual accounts replace DB systems, and how detailed ...
... individual accounts. Starting in 1983 payouts from the accounts were permitted and detailed rules about payouts were put in place. The Chilean scheme therefore gives us an opportunity to examine how pensioners and pension providers react when individual accounts replace DB systems, and how detailed ...
One year later: How much have consumer attitudes
... Cracking the Consumer Retirement Code, two in five people are forced to retire earlier than planned due to a unplanned factors such as layoff or illness. ...
... Cracking the Consumer Retirement Code, two in five people are forced to retire earlier than planned due to a unplanned factors such as layoff or illness. ...
Capital Adequacy in Insurance / Reinsurance
... 3. Many insurers in the U.S. and abroad issue debt, primarily at the holding company level. That debt is effectively subordinated to policyholder claims. It creates an additional category of stakeholders that press for efficient risk management, which in turn allows insurers to lower their cost of c ...
... 3. Many insurers in the U.S. and abroad issue debt, primarily at the holding company level. That debt is effectively subordinated to policyholder claims. It creates an additional category of stakeholders that press for efficient risk management, which in turn allows insurers to lower their cost of c ...
(2005). “Deposit insurance and financial crises: Investigation
... taking developing three hypotheses with respect to factors reducing market discipline and increasing risk-taking. The three factors are the extent of the government safety net, lack of financing by uninsured creditors, and lack of observability of banks' risk choices. Using data for 729 banks in 32 ...
... taking developing three hypotheses with respect to factors reducing market discipline and increasing risk-taking. The three factors are the extent of the government safety net, lack of financing by uninsured creditors, and lack of observability of banks' risk choices. Using data for 729 banks in 32 ...
Federalism and Insurance Regulation: Basic Source Materials
... approved by the United States Supreme Court in the 1868 case of Paul v. Virginia;~ the 1945 adoption of the McCarran-Ferguson Act by the United States Congress is usually considered the starting point for discussing modem regulation of insurance in the United States. This collection of materials acc ...
... approved by the United States Supreme Court in the 1868 case of Paul v. Virginia;~ the 1945 adoption of the McCarran-Ferguson Act by the United States Congress is usually considered the starting point for discussing modem regulation of insurance in the United States. This collection of materials acc ...
view - Pacra.com
... Premium Mix: CSI is a small sized company with 0.8% of market share at endSep14. GPW portfolio is dominated by motor (46%), and Health (39%), with minor share of other segments. Top ten customer concentration is very high. Performance: In 9M14, CSI achieved a GPW size of PKR 200mln, in the first ...
... Premium Mix: CSI is a small sized company with 0.8% of market share at endSep14. GPW portfolio is dominated by motor (46%), and Health (39%), with minor share of other segments. Top ten customer concentration is very high. Performance: In 9M14, CSI achieved a GPW size of PKR 200mln, in the first ...
Number Slumber Understanding Rating Agency Evals 8
... “ The outlook revision is based on the company’s consistently exceeding our prior expectations, significant improvement in operating performance and a sizable reduction of asbestos and environmental reserves in its balance sheet due to two ...
... “ The outlook revision is based on the company’s consistently exceeding our prior expectations, significant improvement in operating performance and a sizable reduction of asbestos and environmental reserves in its balance sheet due to two ...
Corporate Catastrophes, Stock Returns, and Trading Volume
... residence (COUNTRY), the class of loss (CLASS) and whether or not the ®rm was held responsible for the loss (RESPONSIBLE). In order to minimise bias and distortion from company size, industry of operation and parent country aecting the regression parameter estimates, SIZE, INDUSTRY and COUNTRY are ...
... residence (COUNTRY), the class of loss (CLASS) and whether or not the ®rm was held responsible for the loss (RESPONSIBLE). In order to minimise bias and distortion from company size, industry of operation and parent country aecting the regression parameter estimates, SIZE, INDUSTRY and COUNTRY are ...
Essays on Adverse Selection and Moral Hazard in Insurance Market
... concepts, the latter, asymmetric information, comes closest to describing or reflecting the real economic world. Predictably, assuming the presence of asymmetric information could lead to outcomes that would differ significantly from those resulting from an assumption of complete information. Insura ...
... concepts, the latter, asymmetric information, comes closest to describing or reflecting the real economic world. Predictably, assuming the presence of asymmetric information could lead to outcomes that would differ significantly from those resulting from an assumption of complete information. Insura ...
IFRS 17 Insurance Contracts
... would no longer be required to provide insurance coverage or could reassess the risk and the price of an insurance contract. The cash flows of an insurance contract would be outside the contract boundary when the insurer has the right or practical ability to reprice the contract to fully reflect eit ...
... would no longer be required to provide insurance coverage or could reassess the risk and the price of an insurance contract. The cash flows of an insurance contract would be outside the contract boundary when the insurer has the right or practical ability to reprice the contract to fully reflect eit ...
PCI White Paper | True Market-Risk Rates for Flood Insurance
... This paper analyzes the true market-risk costs of flood insurance. The NFIP sets two different premium levels: (1) “full-risk rates” intended to cover administrative costs and expected annual flood losses; and (2) “subsidized rates” primarily for high-risk properties built before flood maps were iss ...
... This paper analyzes the true market-risk costs of flood insurance. The NFIP sets two different premium levels: (1) “full-risk rates” intended to cover administrative costs and expected annual flood losses; and (2) “subsidized rates” primarily for high-risk properties built before flood maps were iss ...
Renewal Rates (3-Year) - Brighthouse Financial
... Transfer Procedure: Rates are for existing contracts only and do not apply to new contracts. Transfers are permitted at the end of a Shield Option(s) term and/or Fixed Account term (if available). Transfers can be made to any available Shield Option(s) and/or the Fixed Account during the transfer pe ...
... Transfer Procedure: Rates are for existing contracts only and do not apply to new contracts. Transfers are permitted at the end of a Shield Option(s) term and/or Fixed Account term (if available). Transfers can be made to any available Shield Option(s) and/or the Fixed Account during the transfer pe ...
1Q14 - Investors
... within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this presentation which address activities, events or developments which White Mountains expect ...
... within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included or referenced in this presentation which address activities, events or developments which White Mountains expect ...
sec business report 2003
... than 39% on the year before, which accounted for over 17% of Slovenia's total exports. In several foreign countries, its insurance coverage of Slovene export transactions reached beyond the mentioned rate, which further confirms that the Corporation is viewed by Slovene companies and banks as an imp ...
... than 39% on the year before, which accounted for over 17% of Slovenia's total exports. In several foreign countries, its insurance coverage of Slovene export transactions reached beyond the mentioned rate, which further confirms that the Corporation is viewed by Slovene companies and banks as an imp ...
SELECTIVE INSURANCE GROUP INC (Form: 8-K
... “seek,” “likely” or “continue” or other comparable terminology. These statements are only predictions, and we can give no assurance that such expectations will prove to be correct. We undertake no obligation, other than as may be required under the federal securities laws, to publicly update or revi ...
... “seek,” “likely” or “continue” or other comparable terminology. These statements are only predictions, and we can give no assurance that such expectations will prove to be correct. We undertake no obligation, other than as may be required under the federal securities laws, to publicly update or revi ...
Regulatory Capital Requirements for Microinsurance in the
... commonly underwrite group credit life, personal accident and supplemental motor vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some ...
... commonly underwrite group credit life, personal accident and supplemental motor vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some ...
Determination of exempt income of approved captive
... (b) gains or profits from the sale of qualifying investments acquired using such shareholders’ fund, less any expenses incurred in the production of such income for which a deduction is allowed under the Act; “Pil” is the total amount of the gross premiums received or receivable in the basis period ...
... (b) gains or profits from the sale of qualifying investments acquired using such shareholders’ fund, less any expenses incurred in the production of such income for which a deduction is allowed under the Act; “Pil” is the total amount of the gross premiums received or receivable in the basis period ...
Report Providing an Assessment of the Current State
... on specially-developed catastrophe models to identify how to price policies in different geographic areas. ...
... on specially-developed catastrophe models to identify how to price policies in different geographic areas. ...
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... Who maintained the accounting records? What accounting records were kept that would have been available if not destroyed? What is the ownership structure and form of organization? Is the financial position of the owner solid? How about the entity itself? Does the business support the owner? Does the ...
... Who maintained the accounting records? What accounting records were kept that would have been available if not destroyed? What is the ownership structure and form of organization? Is the financial position of the owner solid? How about the entity itself? Does the business support the owner? Does the ...
Effect of Liquidity Risk on Financial Performance of Insurance
... finance managers were interviewed in all the six listed insurance firms. Census survey was conducted in the entire six listed insurance firms in Kenya. The sampling frame of this study was a total of 36 managers from the six listed insurance companies. This consisted of 18 risk managers, 6 operation ...
... finance managers were interviewed in all the six listed insurance firms. Census survey was conducted in the entire six listed insurance firms in Kenya. The sampling frame of this study was a total of 36 managers from the six listed insurance companies. This consisted of 18 risk managers, 6 operation ...
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.