Guideline - OSFI-BSIF
... to more risks than those for which calculations are specified. Consequently, the minimum Total Ratio for life insurers is set at 120% rather than 100% to cover operational risks that are not explicitly measured, but which form part of the minimum requirement under MCCSR/TAAM. In addition, OSFI has e ...
... to more risks than those for which calculations are specified. Consequently, the minimum Total Ratio for life insurers is set at 120% rather than 100% to cover operational risks that are not explicitly measured, but which form part of the minimum requirement under MCCSR/TAAM. In addition, OSFI has e ...
European Commission Study on the Impact of the Single Market on Cohesion
... qualitative case studies of 20 regions. The modelling work assessed the impact of the single market by simulating what would have happened had the EU12 not acceded to the EU, distinguishing between the effects of participation in the single market and the additional benefits of becoming eligible for ...
... qualitative case studies of 20 regions. The modelling work assessed the impact of the single market by simulating what would have happened had the EU12 not acceded to the EU, distinguishing between the effects of participation in the single market and the additional benefits of becoming eligible for ...
broker dealer models - North American Securities Administrators
... The terms by which the location operates in conjunction with the dealer are defined in the franchise agreement. The agreement sets forth the terms by which areas such as trading, record keeping, supervision and expenses are handled. Franchises bear most of their own expenses (rent, insurance, staff ...
... The terms by which the location operates in conjunction with the dealer are defined in the franchise agreement. The agreement sets forth the terms by which areas such as trading, record keeping, supervision and expenses are handled. Franchises bear most of their own expenses (rent, insurance, staff ...
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... Regulations Pertinent to Accounting policies to be adopted and the necessary forms needed to prepare and present reports and financial statements – Takaful .................... Article (1) – Preparation of Financial Statements .......................................................... Article (2) – ...
... Regulations Pertinent to Accounting policies to be adopted and the necessary forms needed to prepare and present reports and financial statements – Takaful .................... Article (1) – Preparation of Financial Statements .......................................................... Article (2) – ...
Investment in an Indonesian Life Insurance Company, PT Panin Life
... Watanabe) is pleased to announce that on June 3rd, 2013 we have concluded a contract on subscription of new shares of PT Panin Life (hereinafter “Panin Life”) , an Indonesian Life Insurance Company, and PT Panin Internasional (hereinafter, “Panin Internasional”), its intermediate holding company, wi ...
... Watanabe) is pleased to announce that on June 3rd, 2013 we have concluded a contract on subscription of new shares of PT Panin Life (hereinafter “Panin Life”) , an Indonesian Life Insurance Company, and PT Panin Internasional (hereinafter, “Panin Internasional”), its intermediate holding company, wi ...
Evidence fron Nigeria
... There must be distributable profit from which to pay dividend and cash available to make actual payment. Within these constraints dividend policy will be determined by the directors of the companies, who may decide to recommend distribution of either high or low proportion of profits. The policy ado ...
... There must be distributable profit from which to pay dividend and cash available to make actual payment. Within these constraints dividend policy will be determined by the directors of the companies, who may decide to recommend distribution of either high or low proportion of profits. The policy ado ...
Language after Liftoff: Fed Communication Away from the Zero
... policy” (our emphasis). Another example of time-based forward guidance was the statement released after the August 2011 FOMC meeting which noted that “economic conditions … are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” The key characteristic of ...
... policy” (our emphasis). Another example of time-based forward guidance was the statement released after the August 2011 FOMC meeting which noted that “economic conditions … are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” The key characteristic of ...
esma_ce_g_aifmd__afme_replyform
... enabling AIFs to pursue their investment strategies. They promote settlement efficiency, increase liquidity and lead to lower costs for clients. Clients are familiar with them and are aware of the attendant risks, which the prime broker is required to disclose in accordance with MiFID. Article 21(d) ...
... enabling AIFs to pursue their investment strategies. They promote settlement efficiency, increase liquidity and lead to lower costs for clients. Clients are familiar with them and are aware of the attendant risks, which the prime broker is required to disclose in accordance with MiFID. Article 21(d) ...
Searching for Determinants of Pay or Not to Pay Cash Dividend in
... expenditures and acquisitions. Descriptions above show the relationship between the accumulation of cash with the possibility of expropriation through dividend policy. Accumulated cash and dividend restrictions are necessary to keep companies from losing profitable investment opportunities. Yet on t ...
... expenditures and acquisitions. Descriptions above show the relationship between the accumulation of cash with the possibility of expropriation through dividend policy. Accumulated cash and dividend restrictions are necessary to keep companies from losing profitable investment opportunities. Yet on t ...
Reporting Claim Counts
... Incurred indemnity claim count is the accumulated number of claims for which an indemnity payment has been made and/or an outstanding indemnity loss reserve exists. Insured claims that only have medical benefits (medical-only claims) are not included in claim counts for Financial Calls. The incurred ...
... Incurred indemnity claim count is the accumulated number of claims for which an indemnity payment has been made and/or an outstanding indemnity loss reserve exists. Insured claims that only have medical benefits (medical-only claims) are not included in claim counts for Financial Calls. The incurred ...
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 ...
capital - International Actuarial Association
... between balance sheet capital which just reflects the excess value of assets over liabilities9 and “required capital”. Required capital is the minimum amount of admissible regulatory capital that has to be held to offset and safeguard against significant adverse events, including the potential inad ...
... between balance sheet capital which just reflects the excess value of assets over liabilities9 and “required capital”. Required capital is the minimum amount of admissible regulatory capital that has to be held to offset and safeguard against significant adverse events, including the potential inad ...
Effects of Business Diversification on Asset Risk-Taking
... finds that diversified firms hold about half as much cash as focused firms because diversified companies enjoy the risk reductions by coinsurance which allows them to hold less cash than their counterparts. Tong (2011) studies the relation between diversification and the value of cash in diversifie ...
... finds that diversified firms hold about half as much cash as focused firms because diversified companies enjoy the risk reductions by coinsurance which allows them to hold less cash than their counterparts. Tong (2011) studies the relation between diversification and the value of cash in diversifie ...
Managers` Views on Dividend Policy of Nepalese Enterprises
... factors that drive dividend and repurchase policy. The survey unveiled that, except under extraordinary circumstances, managers have a strong desire not to cut dividends. As a result, for enterprises that pay dividends tend to be smoothed from year to year and linked to sustainable long-run changes ...
... factors that drive dividend and repurchase policy. The survey unveiled that, except under extraordinary circumstances, managers have a strong desire not to cut dividends. As a result, for enterprises that pay dividends tend to be smoothed from year to year and linked to sustainable long-run changes ...
Chapter 11 Dividend Policy
... 4.2.1 A stock spilt occurs where, for example, each ordinary share of $1 each is spilt into two shares of 50c each, thus creating cheaper shares with greater marketability. There is possibly an added psychological advantage, in that investors may expect a company which splits its shares in this way ...
... 4.2.1 A stock spilt occurs where, for example, each ordinary share of $1 each is spilt into two shares of 50c each, thus creating cheaper shares with greater marketability. There is possibly an added psychological advantage, in that investors may expect a company which splits its shares in this way ...
Litigation Finance: A Market Solution to a Procedural Problem
... These reform efforts largely fail to address a major force that can skew settlements away from the merits: imbalances in risk preferences. Settlements are a product not only of the parties’ expectations for trial but also of their tolerance for risk. In deciding whether to settle or proceed to trial ...
... These reform efforts largely fail to address a major force that can skew settlements away from the merits: imbalances in risk preferences. Settlements are a product not only of the parties’ expectations for trial but also of their tolerance for risk. In deciding whether to settle or proceed to trial ...
Annual Equity-Based Insurance Guarantees Conference
... Andrew D. Rallis is Senior Vice President and Global Chief Actuary and is responsible for the practice of actuarial science across MetLife. Andrew also serves as Chairman of MetLife’s captive reinsurers and serves on the company’s employee benefits Investment Advisory Committee, as well as several i ...
... Andrew D. Rallis is Senior Vice President and Global Chief Actuary and is responsible for the practice of actuarial science across MetLife. Andrew also serves as Chairman of MetLife’s captive reinsurers and serves on the company’s employee benefits Investment Advisory Committee, as well as several i ...
Risk Factors A number of risk factors affect Prudential`s operating
... fluctuations. Prudential’s operations in the US and Asia, which represent a significant proportion of operating profit based on longer-term investment returns and shareholders’ funds, generally write policies and invest in assets denominated in local currencies. Although this practice limits the eff ...
... fluctuations. Prudential’s operations in the US and Asia, which represent a significant proportion of operating profit based on longer-term investment returns and shareholders’ funds, generally write policies and invest in assets denominated in local currencies. Although this practice limits the eff ...
2016 Stress Tests of the Bulgarian Insurance Sectorpdf / 1.02 MB
... organizing and performing the Stress Test exercise for 42 Solo (re) insurance entities in addition to 7 Group entities located in Bulgaria 6. The valuation of the post stress test Balance Sheets was based on the Solvency II regime for all (re) insurance entities except for those which report under S ...
... organizing and performing the Stress Test exercise for 42 Solo (re) insurance entities in addition to 7 Group entities located in Bulgaria 6. The valuation of the post stress test Balance Sheets was based on the Solvency II regime for all (re) insurance entities except for those which report under S ...
Forward Looking Statements Non-GAAP
... Statements and other information designed to convey our projections and expectations regarding future results. ...
... Statements and other information designed to convey our projections and expectations regarding future results. ...
London Market Group | Home
... began to consider these we realised that we were missing the basic set of facts and insights that would allow us to reach satisfactory conclusions. We could speculate on a trend here and a development there. But none of us had the wherewithal to provide definitive answers. As a market we have not be ...
... began to consider these we realised that we were missing the basic set of facts and insights that would allow us to reach satisfactory conclusions. We could speculate on a trend here and a development there. But none of us had the wherewithal to provide definitive answers. As a market we have not be ...
Efficient policy rule for Inflation Targeting in Colombia
... Around the world monetary authorities meet periodically to determine whether the monetary policy stance is consistent with their short and mid term targets. Those meetings revolves around the change in the tactics or strategies in order to meet the targets. In the early nineties central bankers of m ...
... Around the world monetary authorities meet periodically to determine whether the monetary policy stance is consistent with their short and mid term targets. Those meetings revolves around the change in the tactics or strategies in order to meet the targets. In the early nineties central bankers of m ...
Chapter 11 Dividend Policy
... 3.2.2 In such a market, a change in dividend policy would not affect its share price or its market capitalisation. They showed that the value of a company was maximised if it invested in all projects with a positive net present value (its optimal investment schedule). 3.2.3 The company could pay any ...
... 3.2.2 In such a market, a change in dividend policy would not affect its share price or its market capitalisation. They showed that the value of a company was maximised if it invested in all projects with a positive net present value (its optimal investment schedule). 3.2.3 The company could pay any ...
the national flood insurance program: challenges and solutions
... current authorization expires in September 2017 and Congress will need to consider many complex and highly technical issues as it debates reauthorization. The American Academy of Actuaries Flood Insurance Work Group1 developed this monograph to assist Congress and other stakeholders in understanding ...
... current authorization expires in September 2017 and Congress will need to consider many complex and highly technical issues as it debates reauthorization. The American Academy of Actuaries Flood Insurance Work Group1 developed this monograph to assist Congress and other stakeholders in understanding ...
NBER WORKING PAPER SERIES PRACTICAL MONETARY POLICY: Lars E.O. Svensson
... increases, was not in line with its mandate. In contrast, the Federal Reserve kept the policy rate at its lower bound, soon started to communicate possible policy easing, and later launched QE2, the second round of quantitative easing. That the Swedish economy nevertheless grew faster than expected ...
... increases, was not in line with its mandate. In contrast, the Federal Reserve kept the policy rate at its lower bound, soon started to communicate possible policy easing, and later launched QE2, the second round of quantitative easing. That the Swedish economy nevertheless grew faster than expected ...