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A Primer on Non-Life Insurance Ratios

A Primer on Non-Life Insurance Ratios. Craig Thorburn Cthorburn@worldbank.org. About this module. The Core Curriculum Objective of the module Examine a non life insurer’s financial returns Interpret the results Make recommendations Designed for self study

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A Primer on Non-Life Insurance Ratios

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  1. A Primer on Non-Life Insurance Ratios Craig Thorburn Cthorburn@worldbank.org

  2. About this module • The Core Curriculum • Objective of the module • Examine a non life insurer’s financial returns • Interpret the results • Make recommendations • Designed for self study • Step by step through the material • Work on the example in the paper. • Email with questions • Seek a local mentor • Some questions have a local answer

  3. Structure of Core Curriculum

  4. The Supervisory Process Financial Returns from Companies (ICP12) Ratio Analysis and Assessment (ICP12) Reports on Market Analysis (ICP11) Supervisory Conclusions and next steps (ICP4) Other Qualitative Analysis and Assessment (ICP12)

  5. Why • To form an opinion on the strength and prospects of the insurer • Part of an early warning system • Part of risk based supervision • To check compliance with legal requirements

  6. Health Warnings • Averages can hide valuable information • Accounting information is a critical input so results are only as good as the quality of the information • Indicative rather than conclusive • RESULT: Many times the suitable response will be to seek more detailed information or do additional research.

  7. Outline of the paper • Business Trends • Reinsurance • Profit • Technical Provisions • Assets • Solvency and Capital • Other • Stress Testing or Scenario Testing

  8. A Primer on Non-Life Insurance RatiosBusiness Trends

  9. Premium Growth • Gross, net, written, earned, by class of business, business segment, in total

  10. Renewals • Depends on information collected

  11. Per Risk Premiums • Requires collection of some measure of risk

  12. A Primer on Non-Life Insurance RatiosFirst Break

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