re•in•sur•ance
... affiliates, American Modern Insurance Group and Hartford Steam Boiler Group, we deal with the issues that affect society and work to devise cuttingedge solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to clients’ ne ...
... affiliates, American Modern Insurance Group and Hartford Steam Boiler Group, we deal with the issues that affect society and work to devise cuttingedge solutions that render tomorrow’s world insurable. Our recipe for success: we anticipate risks early on and deliver solutions tailored to clients’ ne ...
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... formally the operation appears to be a risk transfer. Takaful and retakaful providers are liable for all the claims submitted under the contract and in case of deficit, they must call their shareholders for a qard al hassan, and/or adjust the pricing for the new or renewed contracts. 19 ...
... formally the operation appears to be a risk transfer. Takaful and retakaful providers are liable for all the claims submitted under the contract and in case of deficit, they must call their shareholders for a qard al hassan, and/or adjust the pricing for the new or renewed contracts. 19 ...
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 ...
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 ...
Adverse Selection in Reinsurance Markets
... variables for our profitability equations. On the right-hand side, we include our contract sustainability variables SUSTAIN and RHERF. Although our primary interest is in the effect that contract sustainability has upon profitability, we must also control for other determinants of the profitability ...
... variables for our profitability equations. On the right-hand side, we include our contract sustainability variables SUSTAIN and RHERF. Although our primary interest is in the effect that contract sustainability has upon profitability, we must also control for other determinants of the profitability ...
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 ...
Reinsurance
... The IAIS Standard on Supervision of Reinsurers (2003) Principle One. Regulation and supervision of reinsurers’ technical provisions (loss reserving), investments and liquidity, capital requirements and policies and procedures to ensure effective corporate governance should reflect the characteristic ...
... The IAIS Standard on Supervision of Reinsurers (2003) Principle One. Regulation and supervision of reinsurers’ technical provisions (loss reserving), investments and liquidity, capital requirements and policies and procedures to ensure effective corporate governance should reflect the characteristic ...
Discussion Document 92 (v 8) Assessment of Group Solvency
... group calculations. Article 227 details the equivalence assessment process for third country regimes for the purposes of the deduction and aggregation method. Article 228 accounts for the treatment of related credit institutions, investment firms and financial institutions when calculating group sol ...
... group calculations. Article 227 details the equivalence assessment process for third country regimes for the purposes of the deduction and aggregation method. Article 228 accounts for the treatment of related credit institutions, investment firms and financial institutions when calculating group sol ...
sec business report 2003
... 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 increase of more than 39% on the year before, which accounted for over 17% of Slovenia's total exports. In several ...
... 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 increase of more than 39% on the year before, which accounted for over 17% of Slovenia's total exports. In several ...
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 ...
IFRS 17 Insurance Contracts
... the cash flows used to measure insurance contracts would be those (and only those) within the contract boundary—ie the point at which an insurer either 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 in ...
... the cash flows used to measure insurance contracts would be those (and only those) within the contract boundary—ie the point at which an insurer either 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 in ...
Report Providing an Assessment of the Current State
... Section 100247 of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) calls on the Federal Insurance Office (FIO) to conduct a study and submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Represe ...
... Section 100247 of the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters Act) calls on the Federal Insurance Office (FIO) to conduct a study and submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Represe ...
Determinants of Microinsurance Demand: Evidence from a Micro
... List of Tables Table 1: Determinants of regular life insurance demand ............................................... 23 Table 2: Significant variables in microinsurance demand research ............................... 32 Table 3: Education, financial literacy, and product knowledge of respondents .. ...
... List of Tables Table 1: Determinants of regular life insurance demand ............................................... 23 Table 2: Significant variables in microinsurance demand research ............................... 32 Table 3: Education, financial literacy, and product knowledge of respondents .. ...
a GAO NATURAL DISASTERS
... 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 resources of the federal and state programs that have supplemented or ...
... 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 resources of the federal and state programs that have supplemented or ...
IOSR Journal of Business and Management (IOSR-JBM)
... Boubakri, Dionne, and Triki (2008) examine the long run performance of mergers and acquisitions transactions in the property-liability insurance industry. Specifically, they investigate whether such transactions create value for the bidders’ shareholders, and assess how corporate governance mechanis ...
... Boubakri, Dionne, and Triki (2008) examine the long run performance of mergers and acquisitions transactions in the property-liability insurance industry. Specifically, they investigate whether such transactions create value for the bidders’ shareholders, and assess how corporate governance mechanis ...
Changes in Ownership Structure
... million individual policies and roughly the same ratio of the industry’s $2 trillion in assets, according to A.M. Best. Demutualization, the process of converting from a mutual to a stock company, is examined in this paper. The importance of change in ownership form is clear, given the large amounts ...
... million individual policies and roughly the same ratio of the industry’s $2 trillion in assets, according to A.M. Best. Demutualization, the process of converting from a mutual to a stock company, is examined in this paper. The importance of change in ownership form is clear, given the large amounts ...
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 ...
Table of contents
... company has to comply with the minimum requirements of the JSE, whose terms of listing are strict and require total transparency as to the financial activities of the company concerned. Investing in listed companies is seen as having less risk than investing in private companies. The JSE, therefore, ...
... company has to comply with the minimum requirements of the JSE, whose terms of listing are strict and require total transparency as to the financial activities of the company concerned. Investing in listed companies is seen as having less risk than investing in private companies. The JSE, therefore, ...
UNISDR Case Study Report
... efforts to reduce catastrophe risks and to mitigate the insured impacts of NatCats after the event. It is important, however, to bear in mind that insurance is a profit-making business model based on risk-based premiums. Governments through public policy and regulatory regimes can promote or hinder ...
... efforts to reduce catastrophe risks and to mitigate the insured impacts of NatCats after the event. It is important, however, to bear in mind that insurance is a profit-making business model based on risk-based premiums. Governments through public policy and regulatory regimes can promote or hinder ...
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 ...
Global Insurance Market Opportunities - Thought Leadership
... The pace of change in the global economy today is truly staggering. Change is bringing new, emerging risk types, offering new opportunities for the insurance industry. At the same time, the industry has seen an influx of nontraditional capital as well as new enabling data, technology, and analytics c ...
... The pace of change in the global economy today is truly staggering. Change is bringing new, emerging risk types, offering new opportunities for the insurance industry. At the same time, the industry has seen an influx of nontraditional capital as well as new enabling data, technology, and analytics c ...
The Global Insurance Protection Gap
... and general awareness are more developed, account for the lion’s share of global premiums (approximately 83 per cent). In emerging markets, however, insurance solutions are much less prevalent. These markets’ share of 17 per cent of global insurance premiums falls considerably short of their share o ...
... and general awareness are more developed, account for the lion’s share of global premiums (approximately 83 per cent). In emerging markets, however, insurance solutions are much less prevalent. These markets’ share of 17 per cent of global insurance premiums falls considerably short of their share o ...
Draft FRS 104 - Accounting Standards Council
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
Capital Adequacy in Insurance / Reinsurance
... insurers to unload assets at temporarily depressed prices. But such shocks do not threaten the payment system, as might be true for commercial banks, and pure contagion is less problematic than with banking.9 Main Features of Insurance Solvency Regulation While the details vary significantly and fre ...
... insurers to unload assets at temporarily depressed prices. But such shocks do not threaten the payment system, as might be true for commercial banks, and pure contagion is less problematic than with banking.9 Main Features of Insurance Solvency Regulation While the details vary significantly and fre ...
IFRS 17 Insurance Contracts
... (a) using information that reflects only the insurer’s expectations when it entered into the insurance contracts, possibly decades previously, without subsequently updating those expectations; and/or (b) reflecting incomplete information about the current value of complex features embedded in insur ...
... (a) using information that reflects only the insurer’s expectations when it entered into the insurance contracts, possibly decades previously, without subsequently updating those expectations; and/or (b) reflecting incomplete information about the current value of complex features embedded in insur ...