Principles for Financial Market Infrastructures (PFMIs
... while maintaining adequate documentation of procedures. Risk management functions,
including decision making in critical and emergency situations, are performed by the Clearing,
Settlements and Risk team at NGX (“CSR”). CSR responsibilities include providing guidance on
the risk management program, ...
2012 Form 20-F ING Groep N.V.
... ING presents its consolidated financial statements in Euros, the currency of the European Economic and
Monetary Union. Unless otherwise specified or the context otherwise requires, references to “$”, “US$” and
“Dollars” are to the United States dollars and references to “EUR” are to euros.
Solely fo ...
Investment Policy Manual
... managers operating as a fund-of-funds. Securities investment managers must be
registered as Investment Advisors under the Investment Advisors Act of 1940,
unless exempted from registration (e.g. banks, insurance companies and
affiliates). External investment managers/advisors may have discretion and ...
(including those from current exposure drafts) March 2015 1980
... certification, projected premiums in the aggregate, including expected reinsurance cash flows,
governmental risk adjustment cash flows, and investment income, are adequate to provide for all expected
costs, including health benefits, health benefit settlement expenses, marketing and administrative
Building on Our Proud Heritage
... of Chinese internet users, is one good example. It puts us in a prominent position in one
of the most dynamic digital insurance markets with annual growth rates of 40 % and
expected annual revenues of € 100 BN by 2020.
Inclusive Meritocracy: Our corporate culture will be refined to make not only hi ...
Determinants of Dividend Policy in Sweden
... of the same size should be of equal value to the investor. Thereby dividends should not have any
effect on a firm's value or its stock price. However, because the markets are not perfect in reality,
deviations from this suggested indifference have been observed in empirical studies. Baker and
Draft technical specifications
... SCR.12. Risk mitigation – financial instruments ............................................................... 322
SCR.12.1. Introduction ...................................................................................................... 322
SCR.12.2. Definitions................................. ...
... For example, some reports have indicated that financial advisors
in these jurisdictions have moved away from providing affordable and accessible comprehensive financial advice, leaving
mass market and lower income consumers with access only to
“do-it-yourself” or modular advice.
Following the in ...
SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
... of 20% of the cumulative unrealized gains position). For 1994, approximately
$360 million in dividends could be paid to CNA by its insurance affiliates
without prior approval. The National Association of Insurance Commissioners
("NAIC") Financial Regulation Standards and Accreditation Committee appr ...
Developing Annuities Markets The Experience of Chile
... equivalent to the unrealized capital appreciation of the assets.
Calce Rule The generally recognized name for the rule that regulates
provisioning and capital requirements with respect to annuities written by life insurance companies in Chile.
Deferred Annuity In contrast to an immediate annuity (se ...
American International Group, Inc. 2016 Annual Report
... by persistently low interest rates; the use of a
hurdle rate for new business, which was in
hindsight below investor expectations; and more
micro issues like the slow exit of troubled lines
such as pollution-legal-liability and buffer-trucking.
wording - European Parliament
... Although this part of the mandate called for a wide-ranging investigation, the standards of
conduct to examine are related to Community law, since otherwise the committee would
exceed its limits as fixed by Article 193 EC. Furthermore, it appeared appropriate to compare
the UK regime with regulatory ...
AON CORP (Form: 10-K, Received: 03/01/2007 17
... these cases, however, no evidence was found that the selection of grant dates was motivated by pricing considerations.
Delegated Grants and Administrative Errors
Delegated Grants. Prior to 2001, the Organization and Compensation Committee of the Board of Directors authorized block grants of
stock o ...
Information effect of entry into credit ratings market
... vailing eﬀects: the expected quality in the eyes of buyers increases, while the precision
of information goes down. For a low value of information precision, the first eﬀect dominates, and full pooling is optimal for the CRA. As the value of precision increases, the
trade-oﬀ between the two eﬀects ...
AON CORP (Form: 10-K, Received: 03/11/2004 16
... In our managing general underwriting business, we provide outsourcing solutions to insurance companies, such as risk selection, premium
rating, form design and client service, but we do not assume any underwriting risk.
Aon's wholesale brokers and managing general underwriting units offer more than ...
AON CORP (Form: 10-K, Received: 03/16/2005 06
... exclusive underwriting facilities.
In our managing general underwriting business, we provide outsourced solutions to insurance companies, such as risk selection, premium
rating, form design and client service.
Aon's wholesale brokers and managing general underwriting units offer more than 450 insura ...
John Maynard Keynes - Centro de Pesquisa e Economia do Seguro
... The central focus of this book is that Keynes, in seeking a profitable and
differentiated performance for the company he managed, adopted a bold
and innovative position of financial management. He had deep knowledge of the elements of risk and the actuarial methodologies for the management of the li ...
... by conventional means. Pools can be organized to provide insurance or
reinsurance. Pools or associations are typically managed by a separate
company which provides underwriting and loss handling experience and
Local Markets Compendium 2014
... savings pools will become more important sources of demand.
Shifting these savings pools from potential to actual sources of demand requires an assessment of two factors: the ability and
willingness to provide that demand. In contrast with developed markets, we find that aggregate allocations to fix ...
QIS4 Technical Specifications
... Study (QIS4), which the European Commission has asked CEIOPS to run between April and July
2008 in the frame of the development of potential future level 2 implementing measures for the
Solvency II Directive Proposal.
The reporting date to be used by all participants should be end December 2007. Whe ...
Securities Settlement Systems in Poland and the European Union
... processes which take place in the capital market, and to the understanding of their
signiﬁcance for the efﬁcient functioning of the capital market. As one of the major
institutions in the capital market infrastructure in Poland, the National Depository
for Securities SA (KDPW) actively participates ...
Possible Appendix/Side panel/Sidebar/Footnote(s) re: references
... Information about a reporting entity’s financial performance helps users to understand the return
that the entity has produced on its economic resources. Information about the return the entity has
produced provides an indication of how well management has discharged its responsibilities to
make eff ...
A life settlement is the sale of an existing life insurance policy to a third party for more than its cash surrender value, but less than its net death benefit. There are a number of reasons that a policy owner may choose to sell his or her life insurance policy. The policy owner may no longer need or want his or her policy, he or she may wish to purchase a different kind of life insurance policy, or premium payments may no longer be affordable. Policy owners often learn about settling their policies from a financial planner or advisor, insurance broker, attorney, friends or family, or estate planning presentations.Viatical settlements are similar but not the same as life settlements. For a viatical settlement, a person who is selling his policy (viator) is terminally or chronically ill.