... 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...

... egn201822203659 UNITED NATIONS (ANTI-TERRORISM MEASURES) ORDINANCE (Chapter 575) Updating of specification of names of persons designated as terrorists or terrorist associates by the Committees of the United Nations Security Council established pursuant to the Resolutions 1267 (1999), 1989 (2011) a...

... – 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...

... – 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...

... 1 Insurance Authority (“IA”) Circular providing interpretation notes (“Circular”) relating to the Guideline on Sale of Investment-Linked Assurance Scheme (“ILAS”) Products The Insurance Authority (“IA”) issues this Circular with the aim of providing further guidance to authorized insurers and licen...