Solvency II SFCR & QRT Analysis Non-Life insurers. October 2017
|
|
- Edgar Martin
- 6 years ago
- Views:
Transcription
1 Solvency II SFCR & QRT Analysis Non-Life insurers October 2017
2 SFCR High Level Messages o This year, insurance companies have for the first time (publicly) disclosed their Solvency and Financial Condition Reports (SFCRs) and Quantitative Reporting Templates (QRTs) o We have selected the top-10 non-life insurers in The Netherlands on solo entity level, based on the gross premium. The selected non-life insurers are: o Achmea Schadeverzekering N.V. o Nationale-Nederlanden Schadeverzekering Maatschappij N.V. o Delta Lloyd Schadeverzekering N.V. o ASR Schadeverzekering N.V. o Aegon Schadeverzekering N.V. o REAAL Schadeverzekeringen N.V. o Amlin Insurance S.E. o N.V. Schadeverzekering-Maatschappij Bovemij o Generali schadeverzekering maatschappij N.V. o Goudse Schadeverzekeringen N.V. o The average SII ratio for the selected non-life insurers is 150%. o A lot of attention was on the LACDT this year and so this presentation includes some dedicated slides: o There are only two non-life insurer that could substantiate the full LACDT (25% of SCR); o LACDT can help insurers to increase their SII ratio, however, it seems that only those who already have a high SII ratio are able to make full use of the LACDT. 2
3 SFCR Analysis SCR and Coverage Ratios 4 Technical Provisions 10 Own Funds 13 Investments 15 Premiums & Claims 18 3
4 SCR and Coverage Ratios
5 Solvency II ratio The average SII ratio for the selected non-life insurers is 150%. The top-3 non-life insurers are Bovemij (188%), ASR Schade (180%) and Goudse (179%). Internal target SII ratio is lower for non-life companies than for life insurers, probably because of less fluctuations in the SCR for non-life. Generali Schade has the lowest SII ratio and received a capital injection from the mother company in 2017 to increase their SII ratio. 5
6 SCR by Risk Module (SF & PIM) Health Underwriting risk is a significant part of most of the non-life insurers, this is due to the disability insurance contracts Please note that insurers with PIM may use a slightly different setup for the SCR reporting in the QRT s. More variation as compared to life, due to type of business: non-life has short duration and so lower market risk LACTP is rarely used in The Netherlands, this might be explained by fact that future management actions are not fomally recorded. * * * = PIM Please note that Op and LACDT = % of net SCR, LACTP = % of gross SCR, others are % of BSCR before diversification 6
7 LACDT All non-life insurers have made use of the LACDT, despite the additional (stricter) interpretation provided by the DNB (3 February 2017). Of the non-life insurers, only Achmea and Bovemij could substantiate the full LACDT (25% of SCR). 7
8 SII Ratio vs. LACDT Non-life insurers with a high SII ratio also tend to have a high LACDT 8
9 SII Ratio vs. Market Risk No obvious relation between SII ratio and Market risk SCR for non-life insurers 9
10 Technical Provisions
11 Risk Margin The market average of the ratio Risk Margin / TP is much higher for non-life insurers (6,2%) than for life insurers (3,3%). Please note that these ratios include the disability insurance. Achmea has a very low ratio (PIM) and REAAL has a much higher ratio. The difference between REAAL and the other insurers might be explained by the disability portfolio. 11
12 Impact of Reinsurance All non-life insurers have reinsurance. In the graph below, only the impact on the BE is shown as a ratio of net BE / gross BE. This means that the lower the bar, the higher the impact of reinsurance Smaller non-life insurers have more reinsurance than larger non-life insurers 12
13 Own Funds
14 Own Funds Tiering Most non-life insurers have a high quality of Own Funds. As compared to life insurers the capital requirement is lower and therefore the OF needed are lower. Therefore, it is easier to cover the SCR with good capital. Only DL and REAAL have used lower quality capital. 14
15 Investments
16 Investments & Mortgages Less variation in investments as compared to life insurers, in general significantly in bonds. Also, as compared to life insurers, more investments in collective investments undertakings, especially Amlin (62%) and Bovemij (47%). Aegon invests significantly in mortgages (43%). 16
17 Investments - Bonds On market average, the percentage invested in corporate bonds is comparable to life insurers. However, for some non-life insurers the part invested in corporate bonds is significant larger than for most of the life insurers. Bovemij did not report any investments in bonds in their QRT 17
18 Premiums & Claims
19 Premium written - Gross A lot of variation can be observed in product type; please note that there was no distinction between private and business Amlin has a significant part of the written premiums in general liability (22%). Significant part of written premiums are in income protection for NN (26%), ASR (26%) and Goudse (46%). 19
20 Incurred Claims / Earned Premiums - Gross The motor insurance has by far the highest ratio of incurred claims / earned premiums. Therefore, this is not likely to be profitable. On the contrary, for fire inurance products seem relatively profitable as compared to the other lines of business. There are large differences between the insurers, in particular the general liability insurance. 20
21 Miekee Lam, PhD Senior Consultant FRM Actuarial & Insurance Risk Tel: Mob: lam.miekee@kpmg.nl Helen Stijnen Director FRM Actuarial & Insurance Risk Tel: Mob: stijnen.helen@kpmg.nl KPMG on social media KPMG app The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation KPMG Advisory N.V., registered with the trade register in the Netherlands under number , is a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ( KPMG International ), a Swiss entity. All rights reserved. The KPMG name and logo are registered trademarks of KPMG International.
Solvency II SFCR & QRT Analysis Life Insurers. October 2017
Solvency II SFCR & QRT Analysis Life Insurers October 2017 SFCR High Level Messages o This year, insurance companies have for the first time (publicly) disclosed their Solvency and Financial Condition
More informationBest practices in reporting and forecasting October 2017
Capital Generation disclosures Best practices in reporting and forecasting October 2017 Introduction Free Capital Generation (FCG) With the introduction of Solvency II (SII) in January 2016, the solvency
More informationBest practices in reporting on Free Capital Generation October 2018
Free Capital Generation in 2018 Best practices in reporting on Free Capital Generation October 2018 Introduction Free Capital Generation (FCG) Free Capital Generation (FCG) is becoming a prominent disclosure
More informationAnalysis of Belgian insurers Solvency and Financial Condition Reports
Analysis of Belgian insurers Solvency and Financial Condition Reports Year End 2016 January 2018 Kurt Lambrechts, MSc, IABE Moussa Ouedraogo, PhD Dominik Sznajder, PhD Tim Vandenabeele, MSc, IABE Simon
More informationJuly Solvency II benchmark A comparison of the Dutch Insurance Market FY2016
July 2017 Solvency II benchmark A comparison of the Dutch Insurance Market FY2016 SCR ( mrd) Solvency II market overview of 6 insurance groups Diverse position of major players 7 6 5 4 3 2 1 - Delta Lloyd
More informationNN Group N.V Solvency and Financial Condition Report
NN Group N.V. 2017 Solvency and Financial Condition Report Contents Solvency and Financial Condition Report Summary 01 A. Business and 02 B. 07 C. 15 D. 17 E. 27 Appendix Quantitative Reporting Templates
More informationThe Central Bank s Requirement for External Audit of Solvency II Regulatory Returns / Public Disclosures
2016 The Central Bank s Requirement for External Audit of Solvency II Regulatory Returns / Public Contents The Central Bank s Requirement for External Audit of Solvency II Regulatory Returns/Public...
More informationOverview of the Dutch insurance market in December 2017
Overview of the Dutch insurance market in 2016 December 2017 Reading guide Reading guide This insurance market analysis concerns the Dutch insurance market in 2016 and the comparison with previous years
More information2017 Solvency and Financial Condition Report. Nationale-Nederlanden Levensverzekering Maatschappij N.V.
2017 and Financial Condition Report Nationale-Nederlanden Levensverzekering Maatschappij N.V. Content II and Financial Condition Report Summary 4 A. Business and Performance 6 B. Governance 9 C. Risk
More informationAnalysis of non-life insurers' Solvency and Financial Condition Reports
Analysis of non-life insurers' Solvency and Financial Condition Reports European and Polish non-life insurers Year-end 2016 March 2018 Marcin Krzykowski Jarosław Lech Table of Contents INTRODUCTION...
More information2017 Solvency and Financial Condition Report. Delta Lloyd Schadeverzekering N.V.
2017 and Financial Condition Report Delta Lloyd Schadeverzekering N.V. Content II and Financial Condition Report Summary 4 A. Business and Performance 6 B. Governance 9 C. Risk Profile 14 D. Purposes
More informationQuantitative reporting templates. Solvency and Financial Condition Report (SFCR)
Quantitative reporting templates Solvency and Financial Condition Report (SFCR) 2016 Quantitative reporting templates Solvency and Financial Condition Report (SFCR) Inhoudsopgave S.02.01.02 Balance sheet
More information17/06/2012. Solvency II: Implementation Challenges & Opportunities. What is Solvency II about?
What is Solvency II about? Solvency II: Implementation Challenges & Opportunities The Solvency II Directive is a regulatory framework for the European insurance industry that adopts a more dynamic and
More informationAnalysis of Luxembourg insurers Solvency and Financial Condition Reports
Analysis of Luxembourg insurers Solvency and Financial Condition Reports Year-end 2016 January 2018 Kurt Lambrechts, MSc, IABE Moussa Ouedraogo, PhD Kamiel van Langen, MSc, AAG Simon Cureton, Drs, AAG,
More informationAnalysis by cash plans and PMI providers
Brief study of UK health insurers' first SFCRs Analysis by cash plans and PMI providers March 2018 Joanne Buckle, FIA Didier Serre, ASA Table of Contents PREMIUMS, CLAIMS AND EXPENSES... 1 REINSURANCE...
More informationSolvency and Financial Condition Report 2017
Solvency and Financial Condition Report 2017 Nederlandsche Algemeene Maatschappij van Levensverzekering Conservatrix N.V. Conservatrix SFCR 2017 1 Inhoudsopgave SUMMARY... 4 A. BUSINESS AND PERFORMANCE...
More informationDelta Lloyd Zorgverzekering N.V.
Delta Lloyd Zorgverzekering N.V. Solvency and Financial Condition Report 2017 disclosure templates (Amount x 1.000) Content of submission s.02.01 Balance Sheet s.05.01 Premiums, claims and expenses by
More information2017 Public Quantitative Reporting Templates Solvency II Aegon Levensverzekering N.V.
2017 Public Quantitative Reporting Templates Solvency II Aegon Levensverzekering N.V. This document contains the following quantitative reporting templates (QRTs) which relate to the position at 31 December
More information2017 Solvency and Financial Condition Report. Delta Lloyd Levensverzekering N.V.
2017 and Financial Condition Report Delta Lloyd Levensverzekering N.V. Content II and Financial Condition Report Summary 4 A. Business and Performance 6 B. Governance 9 C. Risk Profile 14 D. Purposes
More informationAVÉRO ACHMEA ZORGVERZEKERINGEN N.V. Openbaar te maken QRT's
AVÉRO ACHMEA ZORGVERZEKERINGEN N.V. Openbaar te maken QRT's 2016 S.02.01.02 - Balance sheet 1.000 Assets Solvency II value Intangible assets 0 Deferred tax assets 0 Pension benefit surplus 0 Property,
More informationRecent developments in Pillar 3
Kevin Griffith and Stewart Mitchell Recent developments in Pillar 3 10 May 2012 Solvency II reporting timelines Full implementation of Solvency II to commence from 2014 8Nov EIOPA issued draft and narrative
More informationAnalysis of life insurers first set of Solvency and Financial Condition Reports
Analysis of life insurers first set of Solvency and Financial Condition Reports January 2018 Stuart Reynolds, FIA Eoin O Byrne Neil Christy Table of Contents INTRODUCTION... 2 EUROPEAN MARKET COVERAGE...
More informationDutch Insurance Industry in Figures
Dutch Insurance Industry in Figures 2012 Verbond van Verzekeraars 2012 Postbus 93450, 2509 AL Den Haag Telephone number: 070-3338500 Email: info@verzekeraars.nl www.verzekeraars.nl Although the utmost
More informationSolvency II. public reporting. Getting over the line. December kpmg.com/uk. 0 Solvency II public reporting
Solvency II public reporting Getting over the line December 2017 kpmg.com/uk 0 Solvency II public reporting Executive summary Our impressions The new regulatory regime for insurance companies in Europe,
More informationEIOPA consultation on 2 nd set of ITS and GL
EIOPA consultation on 2 nd set of ITS and GL Input pillar 3 issues to be discussed at IRSG Meeting Frank Ellenbürger 10 February 2015 Agenda Solvency II reporting & disclosure requirements Pillar 3 overview
More informationDISCLOSURE QRT REPORT VIVAT 2017
DISCLOSURE QRT REPORT VIVAT 2017 S.02.01 - Balance Sheet S.02.01... 2 S.05.01 - Premiums, claims and expenses by line of business S.05.01... 3 S.05.02 - Premiums, claims and expenses by country S.05.02...
More informationQuantitative Reporting Templates (QRTs) Europæiske Rejseforsikring A/S
Quantitative Reporting Templates (QRTs) 2017 Europæiske Rejseforsikring A/S Template Code S.01.02 S.02.01 S.05.01 S.05.02 S.12.01 S.17.01 S.19.01 S.23.01 S.25.01 S.28.01 S.32.01 Template name Basic Information
More informationTHE SOLVENCY AND FINANCIAL CONDITION REPORT
THE SOLVENCY AND FINANCIAL CONDITION REPORT Article written for BIPAR Academy by Prof. Karel Van Hulle, Associate Professor KU Leuven, Honorary Professor Goethe University Frankfurt, Member of the Insurance
More informationScottish Equitable plc Solvency and Financial Condition Report 2017
Scottish Equitable plc Solvency and Financial Condition Report 2017 Table of contents Scope of the Report... 4 Basis of Preparation... 4 Summary... 5 Introduction... 5 A. Business and Performance... 5
More informationQuantitave reporting templates Appendix SFCR Schade. jij, je pensioen en
Quantitave reporting templates 2016 Appendix SFCR Schade jij, je pensioen en Inhoud Balance sheet.... 3 Non-Life.... 5 Life... 6 Home Country - non-life obligations.... 7 Total Top 5 and home country -
More informationStrong improvement in results
Willem van Duin Chairman of the Executive Board Michel Lamie Chief Financial Officer Strong improvement in results Achmea Annual Results 2017 Analyst presentation Contents General overview 1. Group results
More informationGood progress on capital and cash interim results 17 August 2016
1 Good progress on capital and cash 2016 interim results 17 August 2016 2 Hans van der Noordaa CEO Progress on near term management priorities 3 Capital Performance Customers Good progress on our capital
More informationDISCLOSURE QRT REPORT Proteq Levensverzekeringen 2017
DISCLOSURE QRT REPORT Proteq Levensverzekeringen 2017 S.02.01 - Balance Sheet S.02.01... 2 S.05.01 - Premiums, claims and expenses by line of business S.05.01... 3 S.05.02 - Premiums, claims and expenses
More informationMichel Lamie Chief Financial Officer Finance & Solvency II Capital Markets Day June 1, 2017 DELIVERING TOGETHER: BUILDING ON IMPROVED FUNDAMENTALS
Michel Lamie Chief Financial Officer Finance & Solvency II Capital Markets Day June 1, 2017 DELIVERING TOGETHER: BUILDING ON IMPROVED FUNDAMENTALS KEY MESSAGES Operational result 2016 at approximately
More informationTable of content Disclosure QRT's Proteq Levensverzekeringen NV
Table of content Disclosure QRT's Proteq Levensverzekeringen NV 1 Balance Sheet 2 Premiums, claims and expenses by line of business 3 Premiums, claims and expenses by country 4 Life and Health SLT Technical
More informationDirect Line Insurance Group plc, U K Insurance Limited and Churchill Insurance Company Limited
Direct Line Insurance Group plc, U K Insurance Limited and Churchill Insurance Company Limited Single Solvency and Financial Condition Report For the year ended 31 December 2017 Contents Page Page Introduction
More information2016 Public Quantitative Reporting Templates Solvency II Aegon Spaarkas N.V.
216 Public Quantitative Reporting Templates Solvency II N.V. This document contains the following quantitative reporting templates (QRTs) which relate to the position at 31 December 216: S.2.1.2 Balance
More informationsolvency and financial condition report - disclosure ASR Aanvullende Ziektekostenverzekeringen N.V. (Monetary amounts in thousands)
2016 solvency and financial condition report - disclosure ASR Aanvullende Ziektekostenverzekeringen N.V. (Monetary amounts in thousands) S.02.01.02 - Balance sheet 2 2016 Solvency II Value Assets Intangible
More information2016 Public Quantitative Reporting Templates Solvency II Aegon Levensverzekering N.V.
216 Public Quantitative Reporting Templates Solvency II Aegon Levensverzekering N.V. This document contains the following quantitative reporting templates (QRTs) which relate to the position at 31 December
More informationThe internal and external reporting
The internal and external reporting Alberto Floreani School of Banking, Finance and Insurance Università Cattolica del Sacro Cuore, Milan alberto.floreani@unicatt.it 1 (C) Alberto Floreani - 26/11/2015
More informationANALYSIS OF THE SOLVENCY AND FINANCIAL CONDITION REPORTS OF EUROPEAN INSURANCE AND REINSURANCE ENTITIES AT 31 DECEMBER 2017 (SFCR 2017)
ANALYSIS OF THE SOLVENCY AND FINANCIAL CONDITION REPORTS OF EUROPEAN INSURANCE AND REINSURANCE ENTITIES AT 31 DECEMBER 2017 (SFCR 2017) All rights reserved - Mazars - October 2018 Any representation or
More informationAchmea Regular Supervisory Report. Achmea Summary Solvency and Financial Condition Report
Achmea Regular Supervisory Report Achmea Summary Solvency and Financial Condition Report Solvency and Financial Condition Report Achmea 2017 Summary Solvency and Financial Condition Report 2 Achmea Solvency
More informationDe Friesland Zorgverzekeraar N.V. Openbaar te maken QRT's
De Friesland Zorgverzekeraar N.V. Openbaar te maken QRT's 2016 S.02.01.02 - Balance sheet 1.000 Assets Solvency II value Intangible assets 0 Deferred tax assets 0 Pension benefit surplus 0 Property, plant
More informationDe Friesland Particuliere Ziektekostenverzekeringen N.V. Openbaar te maken QRT's
De Friesland Particuliere Ziektekostenverzekeringen N.V. Openbaar te maken QRT's 2016 S.02.01.02 - Balance sheet 1.000 Assets Solvency II value Intangible assets 0 Deferred tax assets 0 Pension benefit
More informationOHRA Ziektekostenverzekeringen N.V.
OHRA Ziektekostenverzekeringen N.V. Solvency and Financial Condition Report 2017 disclosure templates (Amount x 1.000) Content of submission s.02.01 Balance Sheet s.05.01 Premiums, claims and expenses
More informationkpmg KPMG response to Consultation Paper CP104 Consultation on External Audit of Solvency II Regulatory Returns / Pubic Disclosures
KPMG response to Consultation Paper CP104 Consultation on External Audit of Solvency II Regulatory Returns / Pubic Disclosures 29 July 2016 Contents 1. Introduction 3 2. Key observations.. 3 3. General
More informationProtected Cell Company (PCC)
Protected Cell Company (PCC) An Introduction January 2017 www.kpmg.com.mt PCC Structure Typical Structure Core Cell 1 Cell 2 Cell 3 Cell 4 Cells... PCC Structure - Regulation A PCC is a type of company
More informationQuantitative reporting templates Appendix Verslag over de solvabiliteit en de financiële toestand Loyalis Leven 2017
Quantitative reporting templates 2017 Appendix Verslag over de solvabiliteit en de financiële toestand Loyalis Leven 2017 2017 Inhoud Balance sheet....3 Premiums, claims and expenses by line of business....5
More informationAchmea Investor Presentation
Achmea Investor Presentation The leading Dutch insurance company with strong brands, multi-channel distribution strategy, well-diversified product range and conservative investment profile 11/12 October
More informationProposal for the Quality Assurance of the Solvency II capital requirements, own funds and balance sheet
Proposal for the Quality Assurance of the Solvency II capital requirements, own funds and balance sheet Date of Paper : 21 November 2016 Version Number : V2.0 Table of Contents 1 Overview... 3 2 Solvency
More informationSolvency Regulation in the UAE: A Benchmark and Impact Study
: A Benchmark and Impact Study RAGHAV OHRI, ASA CONSULTING ACTUARY 14 NOV 16 DUSIT THANI HOTEL DUBAI AGENDA Principles of new Regulations Risk Based Capital Approach Solvency Capital Requirements (SCR):
More informationSolvency Financial Condition Report VIVAT 2016
Solvency Financial Condition Report VIVAT 2016 Contents 2 1. Introduction 4 1.1. 5 2016 at a glance 1.2. Summary 8 2. Business and Performance 9 2.1. Business 9 2.2. Performance from underwriting activities
More informationPRA Solvency II update James Orr. 29 April 2015
PRA Solvency II update James Orr 29 April 2015 Agenda 1. 2015 Update 2. What is standard formula? 3. Internal models 4. Matching adjustment 5. ORSA 6. System of governance 7. Regulatory reporting 1. 2015
More informationSolvency II Update. Craig McCulloch
Solvency II Update Craig McCulloch Agenda SII overview Latest Developments Legislative timetable Current regulatory progress Implementation measures QIS4 results & implications Australian Implications
More informationRAPPORT SUR LA SOLVABILITE ET LA SITUATION FINANCIERE
RAPPORT SUR LA SOLVABILITE ET LA SITUATION FINANCIERE Cardif Assurances Risques Divers Annexes Quantitative Reporting Templates - QRT 31 décembre 2016 Balance sheet S.02.01.21 Solvency II value C0010 Assets
More informationN.V. Hagelunie. Openbaar te maken QRT's
N.V. Hagelunie Openbaar te maken QRT's 216 S.2.1.2 - Balance sheet 1. Assets Solvency II value Intangible assets Deferred tax assets Pension benefit surplus Property, plant & equipment held for own use
More informationPillar 3 reporting for Life Companies
Pillar 3 reporting for Life Companies 12 May 2016 Aidan Murphy (Zurich) Maaz Mushir (Deloitte) Disclaimer The views expressed in this presentation are those of the presenter(s) and not necessarily of the
More informationQRT Appendix S.02.01.02 Balance sheet Solvency II Value Statutory accounts value Assets C0010 C0020 R0010 Goodwill - R0020 Deferred acquisition costs 208.073 R0030 Intangible assets - 1.349.412 R0040 Deferred
More informationRe: Possible Solvency and Financial Condition Report components subject to assurance
Ms Sandra Hack European Insurance and Occupational Pensions Authority (EIOPA) Westhafenplatz 1 D-60327 Frankfurt am Main 10 January 2012 Ref.: INS/PRJ/SKU/IDS Dear Ms Hack, Re: Possible Solvency and Financial
More information2017 Solvency II Public Quantitative Reporting Templates Blue Square Re N.V.
2017 Solvency II Public Quantitative Reporting Templates Blue Square Re N.V. Blue Square Re N.V. Aegonplein 50 2591 TV The Hague Template Template title code S.02.01 Balance sheet S.05.01 Premiums, claims
More informationa.s.r. acquires Generali Nederland 13 September 2017
a.s.r. acquires Generali Nederland 13 September 2017 1 Pursuing strategy for sustainable value creation Transaction highlights Bolt-on acquisition in line with a.s.r. s strategy and commitment to deploy
More informationFinancial & Solvency II update. 26 May 2016 Huub Arendse Leiden
Financial & Solvency II update 26 May 2016 Huub Arendse Leiden Key messages Net profit increased to 386 million with all insurance entities contributing to the positive result Positive developments in
More informationTara Insurance DAC. Solvency & Financial Condition Report (SFCR) 31 August, 2016
Tara Insurance DAC Solvency & Financial Condition Report (SFCR) 31 August, 2016 Contents 1. Introduction 3 2. Business & Performance 3 3. System of Governance 5 4. Risk Profile 16 5. Valuation for Solvency
More informationa.s.r. investor presentation September October 2015
a.s.r. investor presentation September October 2015 a.s.r. overview Diversified Netherlands based composite insurance group with leading positions in profitable market segments Well known brands in the
More informationQuantitave reporting templates Appendix SFCR Leven. jij, je pensioen en
Quantitave reporting templates 2016 Appendix SFCR Leven jij, je pensioen en Inhoud Balance sheet.... 3 Life... 5 Home Country - life.... 6 Life and Health SLT Technical Provisions.... 7 Impact of long
More informationFrom Solvency I to Solvency II: a new era for capital requirements in insurance?
Milan, 26 November 2015 From Solvency I to Solvency II: a new era for capital requirements in insurance? prof. Nino Savelli Full professor of Risk Theory Faculty of Banking, Financial and Insurance Sciences
More informationNN Group Netherlands. David Knibbe, CEO Netherlands Insurance. Capital Markets Day 19 November 2015
NN Group Netherlands David Knibbe, CEO Netherlands Insurance Capital Markets Day 19 November 2015 1 2 NN Group is well placed in its home market to drive value Netherlands Life is well positioned to grow
More informationUndertaking-specific parameters (USPs)
General Insurance Convention 2011 - Liverpool Richard Bulmer Undertaking-specific parameters (USPs) Workshop B9 Wednesday 12 October 2011 Undertaking-specific parameters Background to USPs Discussion of
More informationStrong improvement in results
Willem van Duin Chairman of the Executive Board Michel Lamie Chief Financial Officer Strong improvement in results Achmea Annual Results 2017 Media presentation Contents General overview 1. Group results
More informationEU publications Online survey for assessment of insurance based investment products Page 2
Insurance Regulatory Update October 2016 European regulatory developments of interest to insurers, reinsurers, asset managers and other market participants Summary EU publications Online survey for assessment
More informations Solvency Capital Requirement for undertakings on Standard Formula
s.25.01 Requirement for undertakings on Standard Formula This section relates to opening and annual submission of information for individual entities, ring fenced funds, matching adjustment portfolios
More informationEuro Insurances DAC (LPINS) Solvency and Financial Condition Report ( SFCR ) 2017
Euro Insurances DAC (LPINS) Solvency and Financial Condition Report ( SFCR ) 2017 For the year-end 31 December 2017 1 Contents Executive Summary 6 a) Summary Section A: Business and Performance 6 b) Summary
More informationAnalysis of insurers Solvency and Financial Condition Reports
Analysis of insurers Solvency and Financial Condition Reports European health insurers February 2019 Joanne Buckle, FIA Tanya Hayward, FIA Kevin Manning, FSAI Judith Houtepen, Drs., MBA, AAG Ankush Aggarwal,
More informationIFRS 17: For P&C Insurers
IFRS 17: For P&C Insurers 26th Annual Insurance Conference Tuesday, November 28, 2017 kpmg.ca/insuranceconference2017 Objectives for today Benchmarking with your peers Current issues with the standard
More informationPRA Solvency II regulatory reporting update IFoA
PRA Solvency II regulatory reporting update IFoA Giles Fairhead and David Jeacock 15 October 2015 2 Agenda Two sections to today s agenda 1) Update on PRA Solvency II regulatory reporting Pillar 3 progress
More informationOWM CZ groep Aanvullende verzekering Zorgverzekeraar U.A.
OWM CZ groep Aanvullende verzekering Zorgverzekeraar U.A. Solvency and Financial Condition Report 2017 disclosure templates (Amount x 1.000) Content of submission s.02.01 Balance Sheet s.05.01 Premiums,
More informationFinancial Assurance Company Limited
Financial Assurance Company Limited Solvency and Financial Condition Report Disclosures 31 December 2016 (Monetary amounts in GBP thousands) General information Undertaking name Financial Assurance Company
More informationChesnara plc - Capital Markets Day 28 November 2017
Chesnara plc - Capital Markets Day 28 November 2017 Agenda 1. INTRODUCTIONS 2. SHAREHOLDER PROPOSITION 3. MANAGEMENT FOCUS 4. OUR UK DIVISION 5. OUR SWEDISH DIVISION 6. OUR DUTCH DIVISION 7. ACQUISITION
More informationIntegration Generali NL ahead of plan
Integration Generali NL ahead of plan Karin Bergstein, COO Chris Figee, CFO 28 June 2018 Key messages Operational integration ahead of plan Financial targets on track Delivering on original investment
More informationCirencester Friendly Society Limited Solvency and Financial Condition Report Disclosures 31 December 2016 (Monetary amounts in GBP thousands) General information Undertaking name Cirencester Friendly Society
More informationEIOPA's Supervisory Statement. Solvency II: Solvency and Financial Condition Report
EIOPA-BoS/17-310 18 December 2017 EIOPA's Supervisory Statement Solvency II: Solvency and Financial Condition Report EIOPA Westhafen Tower, Westhafenplatz 1-60327 Frankfurt Germany - Tel. + 49 69-951119-20;
More informationSparebank 1 Skadeforsikring AS
Sparebank 1 Skadeforsikring AS Solvency and Financial Condition Report Disclosures 31 December 2017 (Monetary amounts in NOK thousands) General information Undertaking name Sparebank 1 Skadeforsikring
More informationSolvency II, messages and findings from QIS 5. Carlos Montalvo Rebuelta Executive Director Brussels, 7 March 2011
Solvency II, messages and findings from QIS 5 Carlos Montalvo Rebuelta Executive Director Brussels, 7 March 2011 Index Preparedness of Insureres and Supervisors Impact of the proposed regime Feasibility
More informationSolvency II update. Shirley Beglinger Shires Partnership Ltd Global Association of Risk Professionals. December 2014
Solvency II update Shirley Beglinger Shires Partnership Ltd Global Association of Risk Professionals December 2014 The views expressed in the following material are the author s and do not necessarily
More informationSolvency II Frequently Asked Questions
Solvency II Frequently Asked Questions Results of Year-End 2016 Quality Assurance exercise www.gfsc.gi This document provides answers to those issues which commonly arose during the PwC Solvency II Balance
More informationSUMMARY... 3 A BUSINESS AND PERFORMANCE... 8 B SYSTEM OF GOVERNANCE C RISK PROFILE D VALUATION FOR SOLVENCY PURPOSES...
Solvency and Financial Condition Report (SFCR) Valuation date: 31st of December 2017 Table of Contents SUMMARY... 3 A BUSINESS AND PERFORMANCE... 8 BUSINESS... 8 UNDERWRITING PERFORMANCE... 10 INVESTMENT
More informationAmTrust International Limited
AmTrust International Limited Solvency and Financial Condition Report For the year ended 31 December 2016 Contents Summary... 3 Overview of the Business & Context of this report... 3 A. Business and Performance...
More informationadidas International Re DAC Solvency & Financial Condition Report (SFCR) December 31, 2016
adidas International Re DAC Solvency & Financial Condition Report (SFCR) December 31, 2016 1 Contents Introduction A. BUSINESS & PERFORMANCE A.1 Business 3 A.2 Underwriting Performance 4 A.3 Investment
More informationCity of Toronto Revenue Options Study
City of Toronto Revenue Options Study Re: EX16.3 June 28, 2016 1 Introduction 2 City of Toronto Revenue Options Study Background Hemson Consulting Ltd. had prepared a report for the City in March 2007
More informationLancashire Insurance Company (UK) Ltd
Lancashire Insurance Company (UK) Ltd Solvency and Financial Condition Report Disclosures 31 December 2017 (Monetary amounts in USD thousands) General information Undertaking name Lancashire Insurance
More informationAn Introduction to Solvency II
An Introduction to Solvency II Peter Withey KPMG Agenda 1. Background to Solvency II 2. Pillar 1: Quantitative Pillar Basic building blocks Assets Technical Reserves Solvency Capital Requirement Internal
More informationCZ groep. Solvency and Financial Condition Report 2017 disclosure templates. (Amount x 1.000)
CZ groep Solvency and Financial Condition Report 2017 disclosure templates (Amount x 1.000) Content of submission s.02.01 Balance Sheet s.05.01 Premiums, claims and expenses by line of business s.05.02
More informationPwC Assurance Main contacts
PwC Croatia PwC Croatia is a professional services firm providing audit and assurance, valuation, transaction, performance improvement, tax, legal and bookkeeping services. We have more than 160 professionals
More informationAioi Nissay Dowa Insurance Company of Europe Limited
Aioi Nissay Dowa Insurance Company of Europe Limited Solvency and Financial Condition Report Disclosures 31 December 2016 (Monetary amounts in GBP thousands) General information Undertaking name Aioi Nissay
More informationSolvency and Financial Condition Report (SFCR)
A Introduction Solvency and Financial Condition Report (SFCR) DEVK Rückversicherungs- und Beteiligungs-AG is an active unlisted stock corporation. The registered office of the company is Cologne. The company
More informationCFO NETWORK 22 ND OCTOBER 2015
CFO NETWORK 22 ND OCTOBER 2015! Moore Stephens Solvency II engine Demonstration of calculation and reporting tool for Pillars 1-3 PRECISE. PROVEN. PERFORMANCE. Agenda Introduction to Moore Stephens SII
More informationLancashire Holdings Limited
Lancashire Holdings Limited Solvency and Financial Condition Report Disclosures 31 December 2017 (Monetary amounts in USD thousands) General information Participating undertaking name Lancashire Holdings
More informationFeedback on Annual Reporting
Feedback on Annual Reporting Supervisory Statement - July 2018 www.gfsc.gi 20 July 2018 Introduction The GFSC received the majority of the market s annual submissions in May 2018. While we were largely
More informationSolvency and Financial Condition Report Trafalgar Insurance plc
Solvency and Financial Condition Report 2016 Trafalgar Insurance plc 1 Summary This is the solvency and financial condition report ( SFCR ) for Trafalgar Insurance plc ( Trafalgar ). Publication of an
More informationEU publications ECON extends scrutiny period of amending Delegated Act Page 3. Reporting ITS published in Official Journal Page 3
Insurance Regulatory Update December 2015 European regulatory developments of interest to insurers, reinsurers, asset managers and other market participants Summary EU publications ECON extends scrutiny
More information