2012 Form 20-F ING Groep N.V.
... ineffectiveness is only recognized when the revised estimate of the amount of cash flows in scheduled time buckets falls below the original designated amount of that bucket, and is not recognized when the revised amount of cash flows in scheduled time buckets is more than the original designated amo ...
... ineffectiveness is only recognized when the revised estimate of the amount of cash flows in scheduled time buckets falls below the original designated amount of that bucket, and is not recognized when the revised amount of cash flows in scheduled time buckets is more than the original designated amo ...
Pillar 3 Risk and Capital Management Report 2016
... calculation of the groups capital adequacy ratio (CAR) through the application of the threshold deduction method, detail of which can be found on the next page. Implementation of the SAM regime is only expected during the second half of 2017. The insurance businesses are on track with their SAM impl ...
... calculation of the groups capital adequacy ratio (CAR) through the application of the threshold deduction method, detail of which can be found on the next page. Implementation of the SAM regime is only expected during the second half of 2017. The insurance businesses are on track with their SAM impl ...
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 ...
... 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 ...
AON CORP (Form: 10-K, Received: 03/16/2005 06
... We classify our insurance underwriting businesses into two sub-segments: (1) accident & health and life, and (2) warranty, credit and property and casualty. Accident & Health and Life Our Combined Insurance Company of America and Combined Life Insurance Company of New York (Combined) subsidiaries pr ...
... We classify our insurance underwriting businesses into two sub-segments: (1) accident & health and life, and (2) warranty, credit and property and casualty. Accident & Health and Life Our Combined Insurance Company of America and Combined Life Insurance Company of New York (Combined) subsidiaries pr ...
AON CORP (Form: 10-K, Received: 03/01/2007 17
... Aon Re Global, Inc., its subsidiaries, and its affiliates provide reinsurance services to insurance and reinsurance companies and other risk assumption entities by acting as brokers or intermediaries on all classes of reinsurance. While our reinsurance activities are principally focused on property ...
... Aon Re Global, Inc., its subsidiaries, and its affiliates provide reinsurance services to insurance and reinsurance companies and other risk assumption entities by acting as brokers or intermediaries on all classes of reinsurance. While our reinsurance activities are principally focused on property ...
Skandia Annual Report
... Christer van der Kwast brought charges against LarsEric Petersson for such actions covered by the arbitration process. In May 2006, the Stockholm District Court found Lars-Eric Petersson guilty of gross breach of trust and issued a sentence of two years in prison. Lars-Eric Petersson has appealed th ...
... Christer van der Kwast brought charges against LarsEric Petersson for such actions covered by the arbitration process. In May 2006, the Stockholm District Court found Lars-Eric Petersson guilty of gross breach of trust and issued a sentence of two years in prison. Lars-Eric Petersson has appealed th ...
CHINA LIFE INSURANCE CO LTD (Form: 20-F
... Policyholder dividends resulting from participation in profits Amortization of deferred policy acquisition costs Underwriting and policy acquisition costs ...
... Policyholder dividends resulting from participation in profits Amortization of deferred policy acquisition costs Underwriting and policy acquisition costs ...
Periodic Report for 2015
... 3.7.2 Health Insurance....................................................................................................... 1-146 3.7.3 Non-life insurance .................................................................................................... 1-147 3.7.4 Insurance companies overseas . ...
... 3.7.2 Health Insurance....................................................................................................... 1-146 3.7.3 Non-life insurance .................................................................................................... 1-147 3.7.4 Insurance companies overseas . ...
Draft technical specifications
... Important note: This document is a working document of the Commission services for discussion. It does not purport to represent or pre-judge the formal proposals of the Commission ...
... Important note: This document is a working document of the Commission services for discussion. It does not purport to represent or pre-judge the formal proposals of the Commission ...
American International Group, Inc. 2016 Annual Report
... Of course, further work is required to complete AIG’s transformation. While Commercial is poised to deliver a significant improvement in our AYLR, we must continue to invest in talent and technology to realize sustainable gains in underwriting performance. Within our Consumer segment, our retirement ...
... Of course, further work is required to complete AIG’s transformation. While Commercial is poised to deliver a significant improvement in our AYLR, we must continue to invest in talent and technology to realize sustainable gains in underwriting performance. Within our Consumer segment, our retirement ...
re•in•sur•ance
... concepts. The numerical examples given are merely to illustrate the concepts discussed, and are not intended to suggest any particular price or condition for any of the reinsurance described. We have also included a comprehensive glossary of terms used to understand these concepts. For additional in ...
... concepts. The numerical examples given are merely to illustrate the concepts discussed, and are not intended to suggest any particular price or condition for any of the reinsurance described. We have also included a comprehensive glossary of terms used to understand these concepts. For additional in ...
Chubb Ltd (Form: 10-K, Received: 02/26/2016 20:30
... We offer commercial insurance products and service offerings such as risk management programs, loss control and engineering and complex claims management. We provide specialized insurance products ranging from Directors & Officers (D&O) and professional liability to various specialty-casualty and um ...
... We offer commercial insurance products and service offerings such as risk management programs, loss control and engineering and complex claims management. We provide specialized insurance products ranging from Directors & Officers (D&O) and professional liability to various specialty-casualty and um ...
(including those from current exposure drafts) March 2015 1980
... means of conveying an actuary’s professional conclusions and recommendations; recording and communicating the methods, procedures, and assumptions; and providing the parties addressed with the actuary’s opinion or findings. (ASOP No. 32) [3] The set of actuarial documents that the actuary determine ...
... means of conveying an actuary’s professional conclusions and recommendations; recording and communicating the methods, procedures, and assumptions; and providing the parties addressed with the actuary’s opinion or findings. (ASOP No. 32) [3] The set of actuarial documents that the actuary determine ...
Download attachment
... As mentioned earlier, reinsurance is a form of insurance, whereby an insurance company can transfer to another the reinsurer all or part of its liabilities in respect of claims arising under the contracts of insurance that it writes. This enables the insurance company reinsured or direct insurer to ...
... As mentioned earlier, reinsurance is a form of insurance, whereby an insurance company can transfer to another the reinsurer all or part of its liabilities in respect of claims arising under the contracts of insurance that it writes. This enables the insurance company reinsured or direct insurer to ...
Equity Risk Premiums (ERP)
... set aside each year to cover future obligations than assuming a premium of 4%. If the actual premium delivered by equity markets is only 2%, the fund’s assets will be insufficient to meet its liabilities, leading to fund shortfalls which have to be met by raising taxes (for governments) or reducing ...
... set aside each year to cover future obligations than assuming a premium of 4%. If the actual premium delivered by equity markets is only 2%, the fund’s assets will be insufficient to meet its liabilities, leading to fund shortfalls which have to be met by raising taxes (for governments) or reducing ...
Developing Annuities Markets The Experience of Chile
... temporary withdrawal unidades de fomento (a unit of account indexed to prices) United Kingdom United States value at risk ...
... temporary withdrawal unidades de fomento (a unit of account indexed to prices) United Kingdom United States value at risk ...
Sound Advice
... of, and receive real-time information regarding, their investments. However, the use of self-directed investment services is also on the rise, partly due to an investing environment where consumers have increasing uncertainty in their ability to meet investment goals (e.g. saving enough for retireme ...
... of, and receive real-time information regarding, their investments. However, the use of self-directed investment services is also on the rise, partly due to an investing environment where consumers have increasing uncertainty in their ability to meet investment goals (e.g. saving enough for retireme ...
American International Group, Inc.
... in corporate bonds, municipal bonds and government bonds in all of our portfolios, and, to a lesser extent, investments in high yield bonds, common stock, real estate, hedge funds and other alternative investments. The majority of assets backing our insurance liabilities consist of intermediate and ...
... in corporate bonds, municipal bonds and government bonds in all of our portfolios, and, to a lesser extent, investments in high yield bonds, common stock, real estate, hedge funds and other alternative investments. The majority of assets backing our insurance liabilities consist of intermediate and ...
Reforming insurer profit in the CTP Green Slip Scheme Broad
... Is it to be achieved by SIRA and insurers making some major changes in how they operate, or is it about controlling claims costs differently, or is it about having a mechanism to ‘claw back’ in some way superprofits if and when they emerge in future? The current scheme uncertainties associated with ...
... Is it to be achieved by SIRA and insurers making some major changes in how they operate, or is it about controlling claims costs differently, or is it about having a mechanism to ‘claw back’ in some way superprofits if and when they emerge in future? The current scheme uncertainties associated with ...
Annual Report 2004 ¦ Zurich Financial Services
... contribution from Farmers Management Services and an excellent investment performance. It was a challenging year, but we demonstrated our ability to absorb earnings shortfalls in ...
... contribution from Farmers Management Services and an excellent investment performance. It was a challenging year, but we demonstrated our ability to absorb earnings shortfalls in ...
The Impact of Enterprise Risk Management on the Marginal Cost of
... on corporate risk management comes primarily from survey or case studies. Focusing on empirical studies after 1994, we can classify them into two broad categories based upon the question they aim to answer. First, why does a firm manage risk? Second, and more important for the current study, what is ...
... on corporate risk management comes primarily from survey or case studies. Focusing on empirical studies after 1994, we can classify them into two broad categories based upon the question they aim to answer. First, why does a firm manage risk? Second, and more important for the current study, what is ...
FINANCIAL PLANNING RESEARCH JOURNAL
... for Australians, the increasing size of Australia’s managed funds pool, and persistent evidence of financial illiteracy, the importance of financial planning is clear. The financial planning profession lacked an academic platform for discourse on the issues of individual personal financial planning ...
... for Australians, the increasing size of Australia’s managed funds pool, and persistent evidence of financial illiteracy, the importance of financial planning is clear. The financial planning profession lacked an academic platform for discourse on the issues of individual personal financial planning ...
Speculation and Risk Sharing with New Financial Assets Alp Simsek
... speculative variance. First, new assets lead to new disagreements because they are associated with new uncertainties. Second, and perhaps more importantly, new assets also amplify speculation on existing disagreements. To illustrate the second channel, Theorem 1 shows that new assets increase the sp ...
... speculative variance. First, new assets lead to new disagreements because they are associated with new uncertainties. Second, and perhaps more importantly, new assets also amplify speculation on existing disagreements. To illustrate the second channel, Theorem 1 shows that new assets increase the sp ...
Understanding and Communicating Risk Appetite
... There may be other factors to consider as well. Some organizations may gauge how quickly their competitive environment is changing. A telecommunications company, for example, must anticipate how technology and user preferences will affect product development, making a relevant time frame important. ...
... There may be other factors to consider as well. Some organizations may gauge how quickly their competitive environment is changing. A telecommunications company, for example, must anticipate how technology and user preferences will affect product development, making a relevant time frame important. ...
International Diversification Versus Domestic Diversification: Mean
... portfolio choice without the need for asset-pricing benchmarks. It does not need any assumption on the distribution of the assets being examined, and it satisfies the general utility function and takes into consideration all the distributional moments in the comparison [15]. The SD approach has been ...
... portfolio choice without the need for asset-pricing benchmarks. It does not need any assumption on the distribution of the assets being examined, and it satisfies the general utility function and takes into consideration all the distributional moments in the comparison [15]. The SD approach has been ...
Actuary
An actuary is a business professional who deals with the measurement and management of risk and uncertainty (BeAnActuary 2011a). The name of the corresponding profession is actuarial science. These risks can affect both sides of the balance sheet, and require asset management, liability management, and valuation skills (BeAnActuary 2011b). Actuaries provide assessments of financial security systems, with a focus on their complexity, their mathematics, and their mechanisms (Trowbridge 1989, p. 7).While the concept of insurance dates to antiquity (Johnston 1903, §475–§476, Loan 1992, Lewin 2007, pp. 3–4), the mathematics and finance needed to scientifically measure and mitigate risks have their origins in the 17th century studies of probability and annuities (Heywood 1985). Actuaries of the 21st century require analytical skills, business knowledge, and an understanding of human behavior and information systems to design and manage programs that control risk (BeAnActuary 2011c). The actual steps needed to become an actuary are usually country-specific; however, almost all processes share a rigorous schooling or examination structure and take many years to complete (Feldblum 2001, p. 6, Institute and Faculty of Actuaries 2014).The profession has consistently ranked as one of the most desirable (Riley 2013). In various studies, being an actuary was ranked number one or two multiple times since 2010 (Thomas 2012, Weber 2013, CareerCast 2015).