... from rising geopolitical tensions. We responded by performing stress tests based on a further drop in interest rates and equity prices as well as widening of credit spreads. in parallel, conduct regulation has been stepped up so that eagerness to seal deals will not become an excuse for unethical...

... respectively whereas Property Damage business recorded a drop by 0.2% to $8,960 million. Figure 2.3 Growth of Gross Premiums for Major Lines of Business *Miscellaneous Business mainly includes Ships and Goods In Transit Businesses Figure 2.3 Growth of Gross Premiums for Major Lines of Business (Accessible...

... respectively whereas Property Damage business recorded a drop by 0.2% to $8,960 million. Figure 2.3 Growth of Gross Premiums for Major Lines of Business *Miscellaneous Business mainly includes Ships and Goods In Transit Businesses Figure 2.3 Growth of Gross Premiums for Major Lines of Business (Accessible...

... respectively whereas Property Damage business recorded a drop by 0.2% to $8,960 million. Figure 2.3 Growth of Gross Premiums for Major Lines of Business *Miscellaneous Business mainly includes Ships and Goods In Transit Businesses Figure 2.3 Growth of Gross Premiums for Major Lines of Business (Accessible...

... and reached $4,574 million whereas Property Damage and Pecuniary Loss businesses recorded a drop by 3.1% and 4.3% to $8,683 million and $2,741 million respectively. Figure 2.3 Growth of Gross Premiums for Major Lines of Business 29 *Miscellaneous Business mainly includes Ships and Goods In Transit...

... and reached $4,574 million whereas Property Damage and Pecuniary Loss businesses recorded a drop by 3.1% and 4.3% to $8,683 million and $2,741 million respectively. Figure 2.3 Growth of Gross Premiums for Major Lines of Business 29 *Miscellaneous Business mainly includes Ships and Goods In Transit...

... and reached $4,574 million whereas Property Damage and Pecuniary Loss businesses recorded a drop by 3.1% and 4.3% to $8,683 million and $2,741 million respectively. Figure 2.3 Growth of Gross Premiums for Major Lines of Business 29 *Miscellaneous Business mainly includes Ships and Goods In Transit...

... a floor and a ceiling.  2 respondents suggest that the gap between PCR and MCR should be sufficiently large.  Response from OCI: o We will examine the various approaches regarding the determination of MCR and the appropriate level of MCR as part of the QIS. 20 Question 5 Do you agree with adopting...

... – Outstanding Claims Provision expressed as a percentage of Net Premiums 3 Technical Reserve Ratio – Technical Reserves expressed as a percentage of Net Premiums 35 36 Underwriting Results The overall underwriting profit decreased from $2,627 million in 2011 to $2,043 million in 2012, representing a drop of...

... – Outstanding Claims Provision expressed as a percentage of Net Premiums 3 Technical Reserve Ratio – Technical Reserves expressed as a percentage of Net Premiums 35 36 Underwriting Results The overall underwriting profit decreased from $2,627 million in 2011 to $2,043 million in 2012, representing a drop of...