... 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...

... – 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...

... 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...

... assets to $500,000, we consider it appropriate to drop the proposal to increase the minimum indemnity limit to $5 million. The current minimum indemnity limit of $3 million will be maintained. Proposed cap on the deductible under PII policies Q3. Do you agree with the proposal to introduce a cap on the...

... assets to $500,000, we consider it appropriate to drop the proposal to increase the minimum indemnity limit to $5 million. The current minimum indemnity limit of $3 million will be maintained. Proposed cap on the deductible under PII policies Q3. Do you agree with the proposal to introduce a cap on the...