Periodic Report for 2015
... This chapter is an inseparable part of the Periodic Report and the entire Periodic Report should be read as a single document. ...
... This chapter is an inseparable part of the Periodic Report and the entire Periodic Report should be read as a single document. ...
Premium Liabilities - Actuaries Institute
... determining the minimum capital requirement for Australian insurers and reinsurers. The minimum capital requirement is in part determined with reference to the assessed insurance liability (that is, the sum of outstanding claims liabilities and premium liabilities). More rigorous standards were also ...
... determining the minimum capital requirement for Australian insurers and reinsurers. The minimum capital requirement is in part determined with reference to the assessed insurance liability (that is, the sum of outstanding claims liabilities and premium liabilities). More rigorous standards were also ...
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... The insurer therefore issues a policy covering the whole risk which the insured wishes to cover and make arrangements with other insurers or reinsurers to reinsure part of the risk. It is important to note that the insured is not a party to the reinsurance contract, and obtain no rights and incurs n ...
... The insurer therefore issues a policy covering the whole risk which the insured wishes to cover and make arrangements with other insurers or reinsurers to reinsure part of the risk. It is important to note that the insured is not a party to the reinsurance contract, and obtain no rights and incurs n ...
Reinsurance
... subjecting domestic nonlife insurance companies to compulsory cessions to a national or regional reinsurance company? In those countries, why do you believe the cession commonly applies to treaty reinsurance only? ...
... subjecting domestic nonlife insurance companies to compulsory cessions to a national or regional reinsurance company? In those countries, why do you believe the cession commonly applies to treaty reinsurance only? ...
State Auto Financial CORP (Form: 10-K, Received: 03/01
... Non-admitted insurer or surplus lines carrier ...
... Non-admitted insurer or surplus lines carrier ...
Reforming insurer profit in the CTP Green Slip Scheme Broad
... greater competition including the prospect of new entrants. It will also minimise the current practice of some insurers who successfully write a disproportionate number of over-priced policies relative to under-priced policies. In effect they harvest cross subsidies intended for under-priced policie ...
... greater competition including the prospect of new entrants. It will also minimise the current practice of some insurers who successfully write a disproportionate number of over-priced policies relative to under-priced policies. In effect they harvest cross subsidies intended for under-priced policie ...
the national flood insurance program: challenges and solutions
... address a lack of coverage being offered in the private insurance market, reflecting limited tools to assess risk and the problem of adverse selection from consumers who usually knew far more about local properties’ exposure to flooding than did prospective insurers. Since its inception in 1968, the ...
... address a lack of coverage being offered in the private insurance market, reflecting limited tools to assess risk and the problem of adverse selection from consumers who usually knew far more about local properties’ exposure to flooding than did prospective insurers. Since its inception in 1968, the ...
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 ...
2016 Stress Tests of the Bulgarian Insurance Sectorpdf / 1.02 MB
... resulting in the dominance of compulsory lines such as motor vehicle insurance in place of life insurance and other discretionary lines. While a favourable economic climate and rising household incomes should support growth in both the life and non-life sectors, the expansion is likely to be at a mo ...
... resulting in the dominance of compulsory lines such as motor vehicle insurance in place of life insurance and other discretionary lines. While a favourable economic climate and rising household incomes should support growth in both the life and non-life sectors, the expansion is likely to be at a mo ...
Discussion Document 92 (v 8) Assessment of Group Solvency
... a single entity, and determine whether this requirement is sufficiently covered by capital elements at the group level. This category includes all methods of calculation that use group consolidated accounts. This method will include all regulated entities in the group and any intermediate holding co ...
... a single entity, and determine whether this requirement is sufficiently covered by capital elements at the group level. This category includes all methods of calculation that use group consolidated accounts. This method will include all regulated entities in the group and any intermediate holding co ...
AUSTRALIAN CAPITAL TERRITORY INSURANCE AUTHORITY
... Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ...
... Functions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 ...
Here - Connecticut Insurance Law Journal
... Persistently high profits on “insurance” for small value losses sold as an add-on to other products or services (such as extended warranties sold with consumer electronics, loss damage waivers sold with a car rental, and credit life insurance sold with a loan) pose a twofold challenge to the standar ...
... Persistently high profits on “insurance” for small value losses sold as an add-on to other products or services (such as extended warranties sold with consumer electronics, loss damage waivers sold with a car rental, and credit life insurance sold with a loan) pose a twofold challenge to the standar ...
Federalism and Insurance Regulation: Basic Source Materials
... are incorporated into a company by the name of the Bath Fire and Marine Infurance Company, for and during the term of twenty years from the date of this a& ; and by that name may fue and be fued, plead or be impleaded ; appear, profecute, and defend to final judgment and execution ; and have a commo ...
... are incorporated into a company by the name of the Bath Fire and Marine Infurance Company, for and during the term of twenty years from the date of this a& ; and by that name may fue and be fued, plead or be impleaded ; appear, profecute, and defend to final judgment and execution ; and have a commo ...
IFRS 17 Insurance Contracts
... IFRS 17 requires a company to reflect, in the measurement of all insurance contracts, an explicit risk adjustment and to disclose how the company determined this amount. IFRS 17 defines the risk adjustment for non-financial risk as the compensation a company requires for bearing the uncertainty abou ...
... IFRS 17 requires a company to reflect, in the measurement of all insurance contracts, an explicit risk adjustment and to disclose how the company determined this amount. IFRS 17 defines the risk adjustment for non-financial risk as the compensation a company requires for bearing the uncertainty abou ...
sec business report 2003
... its main branches of activity: insurance, financing and service guarantees. In line with its strategic goals, the Corporation acted on its mission statement to provide effective support to Slovene exporters. The volume of insurance business covered close to EUR 2.4 billion worth of transactions, an ...
... its main branches of activity: insurance, financing and service guarantees. In line with its strategic goals, the Corporation acted on its mission statement to provide effective support to Slovene exporters. The volume of insurance business covered close to EUR 2.4 billion worth of transactions, an ...
Changes in Ownership Structure
... cash flow and the potential that these resources may be misdirected increase agency problems inherent in the diffusely owned firm. Mayers and Smith (1981) and Wells, Cox, and Gaver (1995) argued that the relative level of free cash flow, and hence the corresponding agency costs associated with free ...
... cash flow and the potential that these resources may be misdirected increase agency problems inherent in the diffusely owned firm. Mayers and Smith (1981) and Wells, Cox, and Gaver (1995) argued that the relative level of free cash flow, and hence the corresponding agency costs associated with free ...
Report Providing an Assessment of the Current State
... reduce risk by decreasing exposure in specific high risk geographic areas or by imposing moratoria on new business or, in some circumstances, by exiting a market completely. Insurers also manage risk through coverage exclusions, such as for losses resulting from earthquakes and floods, and special d ...
... reduce risk by decreasing exposure in specific high risk geographic areas or by imposing moratoria on new business or, in some circumstances, by exiting a market completely. Insurers also manage risk through coverage exclusions, such as for losses resulting from earthquakes and floods, and special d ...
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 ...
Determinants of Microinsurance Demand: Evidence from a Micro
... Table 4: Occupations in sample households................................................................... 54 Table 5: Asset endowment of sample households .......................................................... 57 Table 6: Remittances paid and received ......................................... ...
... Table 4: Occupations in sample households................................................................... 54 Table 5: Asset endowment of sample households .......................................................... 57 Table 6: Remittances paid and received ......................................... ...
a GAO NATURAL DISASTERS
... risk are also the most likely to buy catastrophe insurance.6 In the context of your concerns about finding ways to ensure that the federal government and the private sector each play an appropriate role in the provision of natural catastrophe insurance, we examined (1) the rationale for and resource ...
... risk are also the most likely to buy catastrophe insurance.6 In the context of your concerns about finding ways to ensure that the federal government and the private sector each play an appropriate role in the provision of natural catastrophe insurance, we examined (1) the rationale for and resource ...
Capital Adequacy in Insurance / Reinsurance
... principal imperfections that plausibly justify some degree of government regulation take the form of costly and imperfect information and spillovers. The primary rationale for insurance regulation is to improve efficiency by promoting safety and soundness and healthy competition in view of those pro ...
... principal imperfections that plausibly justify some degree of government regulation take the form of costly and imperfect information and spillovers. The primary rationale for insurance regulation is to improve efficiency by promoting safety and soundness and healthy competition in view of those pro ...
IOSR Journal of Business and Management (IOSR-JBM)
... purchasing and/or joining with other companies. In a merger, two organizations join forces to become a new business, usually with a new name. Because the companies involved are typically of similar size and stature, the term merger of equals is sometimes used. In an acquisition, on the other hand, o ...
... purchasing and/or joining with other companies. In a merger, two organizations join forces to become a new business, usually with a new name. Because the companies involved are typically of similar size and stature, the term merger of equals is sometimes used. In an acquisition, on the other hand, o ...
Regulatory Capital Requirements for Microinsurance in the
... provides both life insurance and personal accident benefits. Coverage typically terminates at age 65. Premiums are group-rated rather than age-related, and are not guaranteed. Although this is essentially term insurance coverage, a savings component is also involved. This arises from the requirement ...
... provides both life insurance and personal accident benefits. Coverage typically terminates at age 65. Premiums are group-rated rather than age-related, and are not guaranteed. Although this is essentially term insurance coverage, a savings component is also involved. This arises from the requirement ...
![US-CT-APP-FC, [93-1 USTC ¶50,160], Ocean](http://s1.studyres.com/store/data/011384307_1-e9501f1be60d98651ed76a40dbe43c6c-300x300.png)
US-CT-APP-FC, [93-1 USTC ¶50,160], Ocean
... Premiums paid to Mentor for insurance coverage were placed in Mentor’s accounts. Mentor maintained a premium loss account of approximately $2-$3 million in Bermuda during 1974 and 1975 to cover operating expenses and policyholders’ claims. Funds in excess of this amount were maintained in accounts o ...
... Premiums paid to Mentor for insurance coverage were placed in Mentor’s accounts. Mentor maintained a premium loss account of approximately $2-$3 million in Bermuda during 1974 and 1975 to cover operating expenses and policyholders’ claims. Funds in excess of this amount were maintained in accounts o ...
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.