Document Sample

Додаток 13 до Політики розкриття інформації страховиками-членами УФУ A1 Coversheet for reporting General note; Note: It is currently envisaged that this information would only be provided quarterly CEIOPS has not yet considered which of those solo forms will also apply for Group rep Static data Name of institution Type of company (life / non-life / composite) Reference number Data reported as at Contact details Is it a member of a group? Reporting currency Internal model approval date Unit of reporting eg thousands Capital requirements 1 Minimum capital requirement (MCR) (value) 2 Own funds eligible to meet the MCR (value) 3 Own funds in excess of the MCR (value) 4 Solvency capital requirement (SCR) (value) How SCR is calculated 5 Standard Formula (yes/no) 6 Partial model (yes/no) 7 Full internal model (yes/no) 8 Own funds eligible to meet the SCR (value) 9 Own funds in excess of the SCR (value) Profit and Loss data Gross Life Non-life Total 10 Premiums written in financial year to date - Direct business formula 11 Premiums written in financial year to date - Reinsurance accepted formula 12 Premiums written in financial year to date - Reinsurance ceded formula 13 Premiums written in financial year to date - Net formula formula formula Non-life premiums - top 5 lines of business Latest quarter Year to date Previous year Line of business Amount Line of business Amount Amount 14 15 16 17 18 Life premiums - top 5 lines of business Latest quarter Year to date Previous year Line of business Amount Line of business Amount Amount 19 20 21 22 23 Life Non-life Total 24 Claims paid in financial year to date - Net formula Life Non-life Total Attributable to Relating to claims new business management 25 Expenses in the financial year to date formula Regulatory Balance Sheet (all Solvency II values) Life Non-life Total 26 Investments - total formula Life Non-life Total 27 Technical provisions - best estimate - Direct business formula 28 Technical provisions - best estimate - Reinsurance accepted formula 29 Technical provisions - best estimate - Reinsurance ceded formula 30 Technical provisions - best estimate - Net formula formula formula 31 Technical provisions - risk margin formula 32 Technical provisions - best estimate plus risk margin formula formula formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 2 7/26/2011 B1 B1 Own funds Note Ancillary own funds should only be reported if they have supervisory approval at the reporting date. A B C D Tier 1 Tier 2 Tier 3 Basic own funds 1 Paid-up and called-up share capital (net of own shares) sum sum sum 2 Paid-up share capital 3 Called up share capital 4 Less: Own shares held 5 Paid-up and called-up initial fund 6 Reserves sum sum sum 7 Retained earnings (excluding current year) 8 Share premium account 9 Other reserves 10 Current year profit/loss (net of any announced dividends) 11 Budgeted supplementary calls 12 Subordinated mutual member accounts 13 Undated preference shares 14 Dated preference shares 15 Undated hybrid capital instruments / subordinated liabilities 16 Dated hybrid capital instruments / subordinated liabilities 17 Surplus funds (as defined in article 90(2) of the Directive) 18 Total basic own funds sum sum sum 19 Of which: Provided by other group entities Ancillary own funds 20 Unpaid share capital 21 Unpaid initial funds 22 Unpaid, undated preference shares 23 Unpaid, dated preference shares 24 Unpaid, undated hybrid capital instruments / subordinated liabilities 25 Unpaid, dated hybrid capital instruments / subordinated liabilities 26 Letters of credit 27 Guarantees 28 Unbudgeted supplementary calls 29 Other legal commitments 30 Total ancillary own funds sum sum 31 Of which: Provided by other group entities 32 Own funds eligible to meet the MCR sum 33 Own funds in excess of the MCR sum 34 Own funds eligible to meet the SCR sum 35 Own funds in excess of the SCR sum 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 3 7/26/2011 B2A B2A Solvency Capital Requirement - for firms on Standard Formula or Partial Internal Models Note Also for firms on internal models following approval of the Internal Model, subject to Article 110(7) Firms on partial internal models will only have to fill in those modules for which they use the standard formula Overall SCR A Basic SCR 1 Market risk after Future Profit Sharing (a) 2 Counterparty default risk after Future Profit Sharing (a) 3 Life underwriting risk after Future Profit Sharing (a) 4 Health underwriting risk after Future Profit Sharing (a) 5 Non-life underwriting risk after Future Profit Sharing (a) 6 Aggregation (diversification effect) 7 Remaining part of the SCR calculated using partial internal model Final SCR calculation 8 Basic SCR formula 9 Operational risk SCR (a) 10 Adjustment for Future Discretionary benefits 11 Adjustment for deferred taxation 12 Diversified SCR, excluding capital add-on 13 Capital add-ons already set 14 SCR (as disclosed) formula (b) (a) As reported in specific sheets (b) As reported on Cover Sheet 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 4 7/26/2011 B2B B2B Solvency Capital Requirement - for firms on Full Internal Models (Following approval of the full Internal Model, firms may also have to complete B2A, if requested by the supervisory authority) Overall SCR Notes Final SCR calculation 1 Diversified SCR, excluding capital add-on 2 Capital add-ons already imposed 3 SCR (as disclosed) formula (a) 4 Date of formal approval of internal model (a) As reported on Cover Sheet 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 5 7/26/2011 B3A B3A Solvency Capital Requirement Further information on Basic SCR Note Only completed by firms on full internal models if required under Art 110(7). Firms on partial internal models will only fill in Columns A-C for risk module results modelled using the standard formula. A B C D Market risk - Basic information Net after profit Gross capital Mitigating How sharing capital charge effect calculated (a) charge 1 Interest rate up risk 2 Interest rate down risk 3 Interest rate risk 4 Equity risk 5 Duration based equity risk (art. 305 b) 6 Property risk 7 Spread risk 8 Risk concentration 9 Currency risk up 10 Currency risk down 11 Currency risk 12 Diversification within module (a) Standard formula/Partial internal model/Simplification 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 6 7/26/2011 B3B B3B Solvency Capital Requirement Further information on Basic SCR Note Only completed by firms on full internal models if required under Art 110(7). Firms on partial internal models will only fill in column A for risk module results modelled using the standard formula. A B Net capital How charge calculated Counterparty default risk (b) (a) Type 1 exposures 1 Reinsurance 2 Derivatives 3 Intermediaries 4 Other credit exposures Type 2 exposures 5 Reinsurance 6 Derivatives 7 Intermediaries 8 Other credit exposures Large life reinsurance exposures (c) Counterparty Product Share of gross Premiums Deposits (d) (e) technical provisions ceded to the from ceded to the reinsurer reinsurers reinsurer at year end during year Large non-life reinsurance exposures (f) Counterparty Product Share of gross Premiums Deposits (d) (g) technical provisions ceded to the from ceded to the reinsurer reinsurers reinsurer at year end during year (a) Standard formula/partial internal model (c) Any counterparty with more than x% (to be defined) of gross life technical provisions at the year end (d) There would be a list of codes to identify all the main reinsurers (e) For life the analysis would identify at the level of protection / annuity / linked / other. (f) Any counterparty with more than x% (to be defined) of gross non-life technical provisions at the year end (g) For non-life, the analysis would identify proportional/non-proportional 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 7 7/26/2011 B3C B3C Solvency Capital Requirement Further information on Basic SCR Note Only completed by firms on full internal models if required under Art 110(7). Firms on partial internal models will only fill in columns A-C for risk module results modelled using the standard formula. Will need to define 'Products' A B C D Life underwriting risk - Basic information Net of profit Gross capital Mitigating How sharing capital charge effect calculated charge (a) 1 Mortality risk 2 Longevity risk 3 Disability risk 4 Lapse up risk 5 Lapse down risk 6 Lapse risk 7 Expense risk 8 Revision risk 9 Catastrophe risk 10 Diversification within module Products Life underwriting risk - Aditional information TOTAL P1 P2 P3 P4 …. Mortality risk 11 Capital at risk 12 Average age of exposed population 13 Duration Longevity risk 14 Technical provisions (best estimate) 15 Average age of exposed population 16 Duration Disability risk 17 Capital at risk 18 Average age of exposed population 19 Duration Lapse risk 20 Sum of positive diferences between the surrender value and the best estimate 21 Sum of negative diferences between the surrender value and the best estimate 22 Duration of liability portfolio for policies with positive surrender strain 23 Duration of liability portfolio for policies with negative surrender strain Expense 24 Technical provisions (best estimate) 25 Duration 26 Revision risk - Technical provisions CAT Life 27 Capital at risk for death 28 Capital at risk for disability (a) Standard formula/With specific parameters/Partial internal model 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 8 7/26/2011 B3D B3D Solvency Capital Requirement Further information on Basic SCR Note Only completed by firms on full internal models if required under Art 110(7). Firms on partial internal models will only fill in columns A-C for risk module results modelled using the standard formula. May need more information on Health liabilities A B C D Health underwriting risk - Basic information Net of profit Gross capital Mitigating How sharing capital charge effect calculated charge (a) 1 SLT Health underwriting risk 2 Non-SLT Health underwriting risk SLT Health underwriting risk - Basic information 3 Mortality risk 4 Longevity risk 5 Disability/morbidity risk 6 Medical insurance risk 7 Income insurance risk 8 Lapse risk 9 Lapse up risk 10 Lapse down risk 11 Lapse risk 12 Expense risk 13 Revision risk 14 Catastrophe risk 15 Diversification between risks Non-SLT Health underwriting risk - Basic information 16 Premium risk 17 Reserve risk 18 Catastrophe risk 19 Diversification between risks SLT Health underwriting risk - Additional information 20 Technical provisions 21 Best Estimate 22 Risk margin Non-SLT Health underwriting risk - Additional information 23 Technical provisions 24 Best Estimate 25 Risk margin (a) Standard formula/With specific parameters/Partial internal model 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 9 7/26/2011 B3E B3E Solvency Capital Requirement Further information on Basic SCR Note CAT risk will be derived following CEIOPS consultation Non-life underwriting risk - Basic information Motor vehicle Motor, Marine, Fire and Third-party Credit and Legal Assistanc Miscellaneous Non- Non- Non- Diversification liability other aviation other liability suretyship expenses e non-life proportional proportional porportional between Lines classes and damage insurance reinsurance - reinsurance - reinsurance - of Business transport property casualty marine, aviation and transport 1 Premium risk 2 Reserve risk 3 Catastrophe risk 4 Diversification between risks Non-life underwriting risk - Additional information 5 Premium risk derived parameter (specific calculated with loss ratio) 6 Premium risk weighted parameter 7 Premium risk entity specific parameter 8 Reserve risk entity specific parameter 9 Earned premiums, net of reinsurance 10 Claims provision, net of reinsurance 11 How calculated 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 10 7/26/2011 B3F B3F Solvency Capital Requirement - Operational risk SCR Note Firms on partial internal models will only fill in column A for risk module results modelled using the standard formula. A B Net capital charge How calculated (a) Operational risk SCR - Additional information 1 Life gross technical provisions 2 Life gross technical provisions unit-linked 3 SLT Health gross technical provisions 4 Non-SLT Health gross technical provisions 5 Non-life gross technical provisions 6 Result based on technical provisions calc 7 Life gross earned premiums 8 Life gross earned premiums unit-linked 9 SLT Health gross earned premiums 10 Non-SLT Health gross earned premiums 11 Non-life gross earned premiums 12 Result based on earned premiums 13 Operational risk SCR pre capping 14 Operational risk capping adjustment 15 Operational risk unit linked annual expenditure calc (a) Standard formula/Partial internal model 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 11 7/26/2011 B4A MCR Calculation MCR components Background information Non-Life MCR 1 Non-life MCR Result Net (of Net (of reinsurance) best reinsurance) estimate written premiums provisions 2 Motor vehicle liability 3 Motor, other classes 4 Marine, aviation and transport 5 Fire and other damage to property 6 Third-party liability 7 Credit and suretyship 8 Legal expenses 9 Assistance 10 Miscellaneous non-life insurance 11 NP reins property 12 NP reins casualty 13 NP reins MAT 14 Accident and health (segmentation pending) Non-life MCR* (non-life activities similar to life) 15 Non-life MCR* Result Amount 16 Technical provisions for SLT health insurance 17 Technical provisions for non-life liabilities valued according to life principles Life MCR 18 Result relating to with profits contracts Guaranteed Discretionary benefits future bonuses 19 Net technical provisions relating to with profits contracts 20 Result relating to risk drivers Death Saving Survivorship Morbidity 21 Net technical provisions relating to unit-linked 22 Net technical provisions relating to non-profit 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 12 7/26/2011 23 Result relating to administrative expenses Amount 24 Last year net administrative expenses 25 Result of capital at risk 5 years or more 3 to 5 years Under 3 years 26 Capital at risk net by outstanding term 27 Life MCR result calc Life MCR* (supplementary non-life insurance) 28 Life MCR* Result Net technical Premiums provisions 29 Motor vehicle liability 30 Motor, other classes 31 Marine, aviation and transport 32 Fire and other damage to property 33 Third-party liability 34 Credit and suretyship 35 Legal expenses 36 Assistance 37 Miscellaneous non-life insurance 38 NP reins property 39 NP reins casualty 40 NP reins MAT 41 Accident and health (segmentation pending) Final MCR calculation 42 Linear MCR calc 43 SCR without add-on Method used to calculate SCR reference value (a) 44 Capital add-on 45 MCR cap calc 46 MCR floor calc 47 Combined MCR calc 48 Absolute floor 49 Final MCR calc Notional Life and Non-life MCR calculation Life Non-life 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 13 7/26/2011 50 Linear MCR calc calc 51 Notional SCR without add-on calc calc 52 Capital add-on 53 Notional MCR cap calc calc 54 Notional MCR floor calc calc 55 Notional Combined MCR calc calc 56 Absolute floor 57 Notional MCR calc calc (a) Standard formula/Full internal model/Partial internal model 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 14 7/26/2011 B4Q B4Q MCR Calculation MCR components Non-Life MCR 1 Non-life MCR Result Non-life MCR* 2 Non-life MCR* Result 3 Notional non-life MCR calc Life MCR 4 Result relating to with profits contracts 5 Result relating to risk drivers 6 Result relating to administrative expenses 7 Result of capital at risk 8 Life MCR result calc Life MCR* 9 Life MCR* Result 10 Notional life MCR calc Final MCR calculation 11 Linear MCR calc 12 Notional SCR without add-on 13 Capital add-on 14 Notional MCR cap calc 15 Notional MCR floor calc 16 Notional Combined MCR calc 17 Absolute MCR 18 Notional MCR calc 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 15 7/26/2011 C1 C1 Balance sheet A B Solvency II Statutory Notes value (total accounts balance sheet) valuation Assets basis (e) 1 Cash and cash equivalents 2 Trade and other receivables 3 Mortgages and loans made 4 Investments other than property 5 Derivatives 6 Financial assets (other than cash or debtors) 7 Property and other tangible assets held for investment 8 Property (for own use), plant and equipment 9 Reinsurance recoverables 10 SPV recoverables 11 Insurance recoverables (incl. intermediaries) 12 Current tax assets 13 Deferred tax assets 14 Interest receivable but not yet due 15 Deferred acquisition costs (h) 16 Other regularisation accounts (h) 17 Net staff pension scheme surplus (h) 18 Intangible assets (h) 19 Any other accounting assets, not elsewhere shown (h) 20 Total assets sum sum Liabilities and own funds A B Solvency II Statutory value (total accounts balance sheet) valuation Liabilities basis (e) 21 Gross technical provisions – non-life 22 Gross technical provisions – life 23 Investment contracts (x) 24 Derivatives 25 Deposits from reinsurers (outside of EEA) 26 Deposits from reinsurers (EEA) 27 Assumed (re)insurance accounts payable 28 Amounts owed to credit institutions 29 Contingent loans (where provided) 30 Current tax liabilities 31 Deferred tax liabilities 32 Net staff pension scheme deficit 33 Other provisions 34 Trade and other payables 35 Other financial liabilities 36 Regularisation accounts (h) 37 Subordinated liabilities/hybrid capital 38 Subordinated debt and other capital 39 Any other accounting liabilities, not elsewhere shown (h) 40 Total liabilites sum sum Own funds 41 Surplus funds (as referred in article 90 of the Directive) 42 Subordinated liabilities/hybrid capital 43 Subordinated debt and other capital 44 Fund for future appropriations (h) 45 Issued capital and reserves 46 Total own funds (eligible and ineligible) sum sum 47 Total sum sum A B Solvency II Statutory value (total accounts balance sheet) valuation Memorandum items / off-balance sheet basis (e) 48 Contingent liabilities - not provided for 49 Contingent assets 50 Off balance sheet assets 51 Repos and reverse repos? 52 Guarantees provided by the undertaking 53 Undrawn committed borrowing facilities provided to the undertaking Issues still open Detail for memo items/off balance sheet items Check if all SII assets are there Decision on health split for TPs waiting on TP sub group consideration Notes (e) Should agree with the undertaking's statutory accounts, whether prepared under IFRS or local GAAP (h) Does not exist as a Solvency II value, but may appear in some companies' statutory accounts (x) For undertakings applying IFRS4 contract classification 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 16 7/26/2011 C2 C2 Profit & loss account A B C Gross Reinsurers' Net Technical account (life) share 1 Premiums formula 2 Investment income (non-linked assets) 3 Investment income (linked assets) 4 Increase (decrease) in value (non-linked allocated assets) 5 Increase (decrease) in value (linked allocated assets) 6 Unwinding of discount 7 Change of discount rates/risk-free rates 8 Other income 9 Transfers of business in 10 Claims incurred formula 11 Expenses (detailed in F9) formula 12 Interest payable 13 Tax attributable formula 14 Change in technical provisions formula 15 Transfers of portfolio out 16 Transfers to fund for future appropriations 17 Balance on technical account (life) Technical account (non-life) 18 Premiums receivable formula 19 Unwinding of discount formula 20 Change of discount rates/risk-free rates formula 21 Inwards transfers of portfolio formula 22 Investment income formula 23 Other income formula 24 Expenses attributable to new business formula 25 Claims paid formula 26 Expenses payable relating to claims management formula 27 Increase (decrease) in premium provision formula 28 Increase (decrease) in claims provision formula 29 Increase (decrease) in value of allocated assets formula 30 Outwards transfer of portfolio formula 31 Other outgoings formula 32 Balance on technical account (non-life) formula Non-technical account 33 Balance on technical account (life) 34 Tax credit (life) 35 Balance on technical account (non-life) 36 Tax credit (non-life) 37 Investment income 38 Increase (decrease) in value of assets 39 Other income 40 Investment expenses 41 Interest payable 42 Contra for unwinding of discount 43 Contra for change in discount rates 44 Other expenses 45 Profit before tax formula 46 Tax 47 Profit after tax formula 48 Dividends 49 Current year profit/loss formula 50 Statutory accounts - Current year profit/loss 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 17 7/26/2011 D1 D1 Investments Data - Portfolio list Note See annotations below Unit: Portfolio Fund ID Code CIC Name Currency Quantity Nominal Maturity Frequency Unit cost Internal Custodian Unit price Total Accrued Investment Valuation Group Income in number (a) value (c) date (c) of interest rating amount interest return method code the current payments (b) year (c) (a) The CIC is built up as a three digit number based on types of instrument (b) Groups of connected counterparties are identified by the template Group (attached) (c) Only required for unquoted corporate bonds etc The data would be used in conjunction with information such as this from Bloombergs Data Data Type of security Coupon and coupon frequency Stock exchange Maturity Stock related index Duration Market and industry sector Rating Issuer Price volatility Parent company Structured notes risk factors Country Investment funds focus and UCITS Currency Security price 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 18 7/26/2011 D2 D2 Investments data - Groups of connected counterparties Note Linked with template D1 Group code Group name 1 (always undertakings connected to the reporter) 2 etc 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 19 7/26/2011 D3 D3 Properties held for investment Note Detail and coverage still to be determined Unique Address of property Solvency II Purchased Expense in Fund number Yield from Acquisition identifier value of during year property property cost property (yes/no) 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 20 7/26/2011 D4 D4 Derivatives data (a) Note Further discussion of how hedges are dealt with Coverage of derivatives to agree with CP33 Unit: Portfolio Fund ID Code CIC Counterp Contract Risk Notional Net Profit Number Contract Unit price IRS paid IRS Swap Swap Swap paid Swap FRA FRA Market number arty ID name covered amount exposure and loss of dimension interest received delivered received interest received effective termination value (buyer / to date contracts rate interest currency currency frequency interest date date seller) rate frequency 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 21 7/26/2011 D5 D5 Values of Collective Investment Schemes on balance sheet Note Allocation based on stated asset distrubution of each CIS fund A B C Underlying Underlying Underlying Solvency II Solvency II Solvency II asset asset asset exposure - exposure - exposure - unlinked property index linked Assets linked 1 Cash and cash equivalents 2 Fixed interest rate sum sum sum 3 Listed 4 Non-listed 5 Variable interest rate sum sum sum 6 Listed 7 Non-listed 8 Equities sum sum sum 9 Listed 10 Non-listed 11 Property 12 Hedge funds 13 Others 14 Collective investment schemes sum sum sum 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 22 7/26/2011 E1 E1 Life Technical Provisions Contracts with profit Contracts where the Other contracts without Accepted reinsurance Total participation clauses policyholder bears the profit participation clauses investment risk New New New New New Total Total Total Total Total Business Business Business Business Business Best Estimate 1 Gross Business formula formula 2 Reinsurance Ceded formula formula 3 Net formula formula formula formula formula formula formula formula formula formula Risk Margin 4 Net formula formula Best estimate plus risk margin 5 Total formula formula formula formula formula formula formula formula formula formula Pure reinsurers record under accepted reinsurance Lines of business accord with 4 high level segments per CP-27/09 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 23 7/26/2011 E2 E2 Non-Life Technical Provisions Non- proportional Non- Non- reinsurance Motor Marine, Fire and Miscellaneous proportional proportional - marine, Workers Accident vehicle Motor, other aviation and other Third-party Credit and Legal non-life reinsurance reinsurance aviation and compensation and Health liability classes transport damage liability suretyship expenses Assistance insurance - property - casualty transport TOTAL Best Estimate 1 Direct business formula 2 Reinsurance Accepted formula 3 Reinsurance Ceded formula 4 Net formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula Risk Margin 5 Net formula Best estimate plus risk margin 6 Total formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula 7 Gross claims provisions formula 8 Net claims provisions formula 9 Gross premium provisions formula 10 Of which: Gross discounted value of future premiums 11 Net premium provisions 12 Of which: Net discounted value of future premiums formula LoB agree with CEIOPS-CP-27/09 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 24 7/26/2011 E3 E3 Life - changes in own funds 1 Changes in own funds over the financial year sum 2 Of which: Due to new business 3 Changed economic assumptions 4 Changed mortality assumptions 5 Changed persistency assumptions 6 Changed expenses assumptions 7 Other changes in assumptions 8 Returns on capital 9 Other 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 25 7/26/2011 E4 E4 Valuation basis - Non-life For technical For provisions premiums purposes (if different) Economic assumptions A 1 Gross interest rate (a) 2 Net interest rate (a) 3 Expense inflation 4 Service charge inflation 5 Claims inflation Notes a Discount rate for liabilities valued net of tax. Since insurers are required to use the whole term structure, interest rates should be presented for the whole structure or for relevant (harmonized) terms. 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 26 7/26/2011 E5 E5 Valuation assumptions - Life For For technical provisions purposes premiums (if different) Economic assumptions A B C 1 Gross interest rate (a) 2 Net interest rate 3 Gross unit growth rate (b) 4 Net unit growth rate (c) 5 Expense inflation 6 Service charge inflation 7 Claims inflation Mortality assumptions Endowment mortality rates for key ages Male Female 8 25 9 35 10 45 11 55 Term assurance mortality for key ages Male Female Aggregate 12 25 13 35 14 45 15 55 16 Smoker 17 Non-smoker Expectation of life for pension annuities in payment Male Female 18 65 19 75 Expectation of life for deferred pension annuities Male Female 20 45 21 55 Lapse assumptions (percentages) Average for the policy years 1 to 5 6 to 10 11 to 15 16 to 20 22 Savings endowment 23 Target cash endowment 24 Level term 25 Decreasing term 26 With-profits bond surrender 27 With-profits bond automatic withdrawals 28 Unit-linked bond surrender 29 Unit-linked bond automatic withdrawals 30 Regular premium individual pension surrender 31 Regular premium individual pension paid-up 32 Single premium individual pension surrender 33 Regular premium group pension surrender 34 Regular premium group pension paid-up 35 Single premium group pension surrender Expense assumptions (per annum) 36 Savings endowment 37 Target cash endowment 38 Term assurance 39 Pension annuity in payment 40 With-profits bond 41 Unit-linked bond 42 Regular premium individual pension 43 Single premium individual pension 44 Regular premium group pension 45 Single premium group pension a Discount rate for liabilities valued net of tax. Since insurers are required to use the whole term structure, interest rates should be presented for the whole structure or for relevant (harmonized) terms. b Units where no tax is deducted. c Units where tax is deducted from income and capital gains. 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 27 7/26/2011 F1 F1 Life revenue analysis A B C D Reinsurance Reinsurance Direct business Net Notes Accepted Ceded Premiums 1 Regular premiums formula 2 Single premiums formula 3 Total premiums formula formula formula formula Claims 4 Death or disability lump sums formula 5 Annuity or disability periodic payments formula 6 Lump sums on maturity formula 7 Lump sums on retirement formula 8 Individual surrender or partial surrender formula 9 Group surrender or partial surrender formula 10 Individual pre retirement transfer formula 11 Individual post retirement transfer formula 12 Conversion to annuity at retirement formula 13 Total claims formula formula formula formula Expenses 14 Acquisition commission formula 15 Acquisition management expenses formula 16 Renewal commission formula 17 Renewal management expenses formula 18 Investment expenses formula 19 Other management expenses formula 20 Total expenses formula formula formula formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 28 7/26/2011 F2 F2 Life premiums A C D E F H J K Regular Premium Business Single Premium Business Number of Number of Reinsurance Reinsurance Business Net contracts Business Net contracts Ceded Ceded Premiums New business 1 Contracts with profit participation clauses formula formula 2 Contracts where policyholders bear the investment risk formula formula 3 Other contracts without profit participations clauses formula formula 4 Accepted reinsurance formula formula 5 Total formula formula formula formula formula formula formula formula Existing business with changed characteristics of contracts 6 Contracts with profit participation clauses formula formula 7 Contracts where policyholders bear the investment risk formula formula 8 Other contracts without profit participations clauses formula formula 9 Accepted reinsurance formula formula 10 Total formula formula formula formula formula formula formula formula Existing business with unchanged characteristics 11 Contracts with profit participation clauses formula formula 12 Contracts where policyholders bear the investment risk formula formula 13 Other contracts without profit participations clauses formula formula 14 Accepted reinsurance formula formula 15 Total formula formula formula formula formula formula formula formula Total of premiums formula formula formula formula formula formula Lines of business aligned with CEIOPS-CP-27/09 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 29 7/26/2011 F3 F3 Non-life technical account per line of business Note Presented on a Solvency II basis Non- porportional Non- Non- reinsurance - Accident Motor Marine, Miscellaneous proportional proportional marine, Workers and vehilcle Motor, other aviation and Fire and other Third-party Credit and Legal non-life reinsurance - reinsurance - aviation and compensation Heatlh liability classes transport damage liability suretyship expenses Assistance insurance property casualty transport TOTAL 1 Premiums written: Gross amount formula 2 of which : single premium formula 3 Premiums written: Reinsurers' share formula 4 of which : single premium formula 5 Premiums written: Net (1-2) formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula 6 Claims paid: Gross amount formula 7 Claims paid: Reinsurers' share formula 8 Claims paid: Net (4-5) formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula 9 Net operating expenses: Commissions formula 10 Net operating expenses: Other acquisition expenses formula 11 Net operating expenses: Administrative expenses formula 12 Net operating expenses: Reinsurance commissions formula 13 Net operating expenses: Profit participations formula 14 Net operating expenses: Payable net (7+8+9-10-11) formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula 15 Best estimate inc/decr financial yr: Undiscounted: Gross amount formula 16 Best estimate inc/decr financial yr: Discounted: Gross amount formula 17 Best estimate inc/decr financial yr: Undiscounted: Reinsurance share formula 18 Best estimate inc/decr financial yr: Discounted: Reinsurance share formula 19 Best estimate inc/decr financial yr: Undiscounted: net (13-15) formula 20 Best estimate inc/decr financial yr: Discounted: net (14-16) formula formula formula formula formula formula formula formula formula formula formula formula formula formula formula 21 Market Value Margin inc/decr financial yr LoBs based on CEIOPS-CP-27/09 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 30 7/26/2011 F4 F4 Distribution of profits for with profits funds One column per (sub)fund where applicable TOTAL Composition of surplus 1 Profit brought forward 2 Profit in year 3 Total available for distribution 4 Less profit carried forward 5 Distributable surplus Distribution of surplus 6 Cash payment on termination 7 Cash payment on continuing policies 8 Reversionary bonuses (increase sum assured / technical provisions) 9 Premium reductions 10 Total allocated to policyholders of the fund formula formula 11 Transfer to non-technical account (shareholders) 12 Transfer to other funds / parts of fund (b) 13 Total surplus distributed formula formula 14 Proportion for policyholders formula formula (a) The analysis is required for the total business and each subfund (b) Expected to be zero 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 31 7/26/2011 F5 F5 Non-life Insurance Premium Information Note Solvency II basis Line of Business Currency Latest Year 2012 Gross Premiums Earned (Incremental) Premiums Written In Calendar Year 1 2 3 4 5 6 7 8 9 10 Gross Prior formula 2003 formula 2004 formula 2005 formula 2006 formula 2007 formula 2008 formula 2009 formula 2010 formula 2011 formula 2012 formula Total formala Reinsurance Premiums Earned (Incremental) 1 2 3 4 5 6 7 8 9 10 Reinsurance Prior formula 2003 formula 2004 formula 2005 formula 2006 formula 2007 formula 2008 formula 2009 formula 2010 formula 2011 formula 2012 formula Total formula Net Premiums Earned (Incremental) 1 2 3 4 5 6 7 8 9 10 Net Prior formula 2003 formula 2004 formula 2005 formula 2006 formula 2007 formula 2008 formula 2009 formula 2010 formula 2011 formula 2012 formula Total formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 32 7/26/2011 F6 F6 Non-life Insurance Gross Expense Information Note Solvency II basis Line of Business Currency Latest Year 2012 REINSURANCE COMMISSIONS AND PROFIT PARTICIPATIONS Commissions Reinsurance Commissions Prior Prior 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 Total Other Acquisition Expenses Profit Participations from Reinsurance Prior Prior 2003 2003 2004 2004 2005 2005 2006 2006 2007 2007 2008 2008 2009 2009 2010 2010 2011 2011 2012 2012 Total Administration Expenses Prior 0 2012 0 Total 0 Proportionality principle may apply in 4 different areas - period to be used (annual/quarter); different granularity of Lines of business; some undertakings exempt; and currency detail if relevant 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 33 7/26/2011 G1 G1 Life liability analysis A B C D E F G H I J K L M N O P Amount of benefit (sum Discounted Provision for DB / RA / RC Product ID Product Number of Amount of Other liabilities Technical Cost of options PV Future Fund number Average age Duration assured or Surrender value value of units Discretionary (a) (b) description insured person premiums (unit linked) provisions and guarantees Premiums annual amount (unit linked) benefits of annuities) (a) Either DB = direct business, RA = reassurance accepted, or RC = reassurance ceded, as appropriate (b) In column B: "European" code related to the type of product - to be developed 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 34 7/26/2011 G2 G2 New life business analysis A B C D E F G H I Regular premium business Single premium business Product Number of Amount of Number of Amount of Technical DB / RA / RC New / incr Product ID description insured persons premiums insured persons premiums provisions (a) In column A, either: DB = direct business, RA = reassurance accepted, RC = reassurance ceded (b) In column B, either: new = new policies, incr = increments. 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 35 7/26/2011 G3 G3 Non-life Insurance Premium Information Note Only required for major lines of business Future cashflow assumptions from existing business Line of business 1 2 3 4 5+ 1 Future gross premiums 2 Future net premiums 3 Future premium expenses 4 Discounted Gross Future Premium Reserve 5 Discounted Net Future Premium Reserve 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 36 7/26/2011 G4 G4 Projection of future cash flows Non-life insurance Life insurance obligations obligations Cash out-flows Year (projection Future Future Cash out- of undiscounted Cash in-flows Cash in-flows Guaranteed Discretionary flows cash-flows) Benefits Benefits 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30< Value of future formula formula formula formula formula cash-flows (sum) Expected present value of future cash-flows 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 37 7/26/2011 H1 H1 Non-life IBNR Line of business: Gross IBNR (amount) Gross IBNR (number) A B C D E = A - (B+C+D) F G H I Gross IBNR Gross claims provision provision (at Amount of the end of the (amount at Number of claims gross payments year) referred Gross IBNR Number of IBNR Number of the reported in 2012 Number of IBNR in 2012 for to claims provision claims (as RBNS claims beginning of Profit/Loss (IBNR) (with accident year < claims (as Accident Year claims reported reported in (amount at Accident Year estimated at the reported in each the year as 2012) (net of those estimated at the in 2012 with 2012 (with the end of the end of the calendar year estimated at settled without end of the year) accident year < accident year < year) previous year) (accident year) the end of payment in 2012) 2012 2012) but not the previous year) settled during the year 2003 formula 2003 2004 formula 2004 2005 formula 2005 2006 formula 2006 2007 formula 2007 2008 formula 2008 2009 formula 2009 2010 formula 2010 2011 formula 2011 2012 formula 2012 Total formula formula formula formula formula Total formula formula formula formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 38 7/26/2011 H2 H2 Gross Claims Outstanding (RBNS) Line of business: Currency A B C D = (C-B) E F G H = E - (F+G) I = A - (C+E) L M=L-I N=D+H-M Gross claims Gross claims provision provision Increase referred to referred to (decrease) of the Gross claims Gross claims Amount of Profit/Loss claims claims gross claims Amount of Amount of gross Gross claims provision (at provision gross (from claims outstanding at outstanding at provision referred gross payments Profit/Loss (from claim provision provision the beginning referred to payments in settled without the beginning of the beginning of to claims in 2012 for payment of (at the end of the Accident Year (amount at of the year) claims settled 2012 for payment and the year that the year that outstanding at the Total Profit/Loss claims settled claims) year) for claims the beginning referred to in 2012 claims re- claims re- aren't settled aren't settled beginning of the (partially or re-opened in of the year) claims settled without any opened in opened) (with or without (with or without year that aren't totally) in 2012 2012 in 2012 (a) payment 2012 payment) in 2012 payment) in settled (with or (amount at the 2012 (amount at without payment) beginning of the the end of the in 2012 year) year) 2003 formula formula formula formula formula 2004 formula formula formula formula formula 2005 formula formula formula formula formula 2006 formula formula formula formula formula 2007 formula formula formula formula formula 2008 formula formula formula formula formula 2009 formula formula formula formula formula 2010 formula formula formula formula formula 2011 formula formula formula formula formula Total formula formula formula formula formula formula formula formula formula formula formula formula (a) For claims partially settled in 2012 it has to be reported only the part of the claim provision that the undertaking deem to be not necessary for the payment of the remaining part of the claims 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 39 7/26/2011 H3 H3 Non-life Insurance Claims Information (including allocated claims management expenses) Note CEIOPS will consider later whether the number of periods may differ depending on tail of business Solvency II basis Line of Business Methodology used Currency Tail factor used Latest Year 2012 UNDISCOUNTED Notified Outstanding Claims UNDISCOUNTED Incurred But Not Reported (IBNR & IBNER) Best estimate relating to Gross Claims Paid (Incremental) Gross Claims Outstanding Gross IBNR (including claims arising from unexpired exposure) unexpired risks 1 2 3 4 5 6 7 8 9 10 In Current year 1 2 3 4 5 6 7 8 9 10 Year end 1 2 3 4 5 6 7 8 9 10 Year end Year end Prior formula Prior formula Prior formula 2003 formula 2003 formula 2003 formula 2004 formula 2004 formula 2004 formula 2005 formula 2005 formula 2005 formula 2006 formula 2006 formula 2006 formula 2007 formula 2007 formula 2007 formula 2008 formula 2008 formula 2008 formula 2009 formula 2009 formula 2009 formula 2010 formula 2010 formula 2010 formula 2011 formula 2011 formula 2011 formula 2012 formula 2012 formula 2012 formula Total formula Total formula Total formula Salvage and subrogation (included within Gross Claims Paid) Salvage and subrogation (included within Gross Claims Outstanding) Salvage and subrogation (included within Gross IBNR) 1 2 3 4 5 6 7 8 9 10 In Current year 1 2 3 4 5 6 7 8 9 10 Year end 1 2 3 4 5 6 7 8 9 10 Year end Prior formula Prior formula Prior formula -9 formula -9 formula -9 formula -8 formula -8 formula -8 formula -7 formula -7 formula -7 formula -6 formula -6 formula -6 formula -5 formula -5 formula -5 formula -4 formula -4 formula -4 formula -3 formula -3 formula -3 formula -2 formula -2 formula -2 formula -1 formula -1 formula -1 formula 0 formula 0 formula 0 formula Total formula Total formula Total formula Best estimate relating to Reinsurance Recoveries Paid (Incremental) Reinsurance Claims Outstanding Reinsurance IBNR (including claims arising from unexpired exposure) unexpired risks 1 2 3 4 5 6 7 8 9 10 In CY 1 2 3 4 5 6 7 8 9 10 Year end 1 2 3 4 5 6 7 8 9 10 Year end Year end Prior formula Prior formula Prior formula 2003 formula 2003 formula 2003 formula 2004 formula 2004 formula 2004 formula 2005 formula 2005 formula 2005 formula 2006 formula 2006 formula 2006 formula 2007 formula 2007 formula 2007 formula 2008 formula 2008 formula 2008 formula 2009 formula 2009 formula 2009 formula 2010 formula 2010 formula 2010 formula 2011 formula 2011 formula 2011 formula 2012 formula 2012 formula 2012 formula Total formula Total formula Total formula Best estimate relating to Net Claims Paid (Incremental) Net Claims Outstanding Net Reinsurance IBNR (including claims arising from unexpired exposure) unexpired risks 1 2 3 4 5 6 7 8 9 10 In CY 1 2 3 4 5 6 7 8 9 10 Year end 1 2 3 4 5 6 7 8 9 10 Year end Year end Prior formula formula Prior formula formula Prior formula formula formula 2003 formula formula formula formula formula formula formula formula formula formula formula 2003 formula formula formula formula formula formula formula formula formula formula formula 2003 formula formula formula formula formula formula formula formula formula formula formula 2004 formula formula formula formula formula formula formula formula formula formula 2004 formula formula formula formula formula formula formula formula formula formula 2004 formula formula formula formula formula formula formula formula formula formula formula 2005 formula formula formula formula formula formula formula formula formula 2005 formula formula formula formula formula formula formula formula formula 2005 formula formula formula formula formula formula formula formula formula formula 2006 formula formula formula formula formula formula formula formula 2006 formula formula formula formula formula formula formula formula 2006 formula formula formula formula formula formula formula formula formula 2007 formula formula formula formula formula formula formula 2007 formula formula formula formula formula formula formula 2007 formula formula formula formula formula formula formula formula 2008 formula formula formula formula formula formula 2008 formula formula formula formula formula formula 2008 formula formula formula formula formula formula formula 2009 formula formula formula formula formula 2009 formula formula formula formula formula 2009 formula formula formula formula formula formula 2010 formula formula formula formula 2010 formula formula formula formula 2010 formula formula formula formula formula 2011 formula formula formula 2011 formula formula formula 2011 formula formula formula formula 2012 formula formula 2012 formula formula 2012 formula formula formula Total formula Total formula Total formula formula Salvage and subrogation - completed only where significant Proportionality principle may apply in 5 different areas - period to be used (annual/quarter); number of periods to report; different granularity of Lines of business; some undertakings exempt; and currency detail if relevant 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 40 7/26/2011 H4 H4 Information on annuities and life-like liabilities stemming from Non-Life Insurance Claims Note Dependent on segmentation re health A B C D E F G H Line of Number of Annual amount Amount of Technical Type of liability Average age Duration business beneficiaries of annuities claims provisions In column A: Relevant types set by the home state (e.g. annuities, life assistance, split by: type of pension, incapacity levels and/or legal state of pension, etc...) 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 41 7/26/2011 H5 H5 Non-life Insurance Exposure & Claim Numbers Note Solvency II basis Line of Business Currency Latest Year 2012 Number of claims settled (Incremental) Total Claims Total Claims Settled Outstanding 1 2 3 4 5 6 7 8 9 10 to date to date 2003 formula 2004 formula 2005 formula 2006 formula 2007 formula 2008 formula 2009 formula 2010 formula 2011 formula 2012 formula Total formula formula Exposure Data 1 Appropriate Exposure will vary by class of business 2003 Motor: Vehicle Years 2004 Property: Sum Insured 2005 Liability: 2006 2007 2008 2009 2010 2011 2012 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 42 7/26/2011 J1 J1 Risk profile Note Graduation of data ranges (columns B and C) to be determined A B C D E F G Line of Total gross written business Start sum insured End sum insured Number of risks Total exposure Average exposure premium Total formula formula formula formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 43 7/26/2011 J2 J2 Loss profile Note Graduation of data ranges (columns B and C) to be determined A B C D E F G H J K L M N Line of Start losses End losses Number of Total losses Number of Total losses Number of Total losses Number of Total losses Number of Total losses business incurred incurred losses T incurred T losses T-1 incurred T-1 losses T-2 incurred T-2 losses T-3 incurred T-3 losses T-4 incurred T-4 Total formula formula formula formula formula formula formula formula formula formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 44 7/26/2011 J3 J3 Facultative risks non-life (10 biggest) A B C D E F G H Facultative Probable reinsurance Line of business Insured Description risk Sum insured maximum loss Share insurer Sum reinsured premium Facultative risks life (10 biggest) A B C D E F Facultative Share insurer in Reinsured risk reinsurance Line of business insured Risk capital risk capital capital premium 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 45 7/26/2011 J4 J4 Share reinsurers Technical provisions Current account Earned outgoing reinsurance premium Type of re- Legal name insurer Deposits reinsurer (a) Domicile Rating Rating agency Ceded premiums Ceded losses Receivables Debts received Property Casualty Health Total formula formula formula formula formula formula formula formula (a) Either insurance company, internal reinsurer, external reinsurer or reinsurance captive 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 46 7/26/2011 J5 J5 Outgoing Reinsurance Program in the coming accounting year A B C D E F G H J K L Earned Type of reinsurance Validity period (start Retention or Maximum cover Maximum cover reinsurance Line of business treaty Name of reinsurer(s) date & expiry date) priority Limit per risk or event per treaty Specification Share placed premium Quota Share Surplus Working XL Catastrophe XL Stop-Loss Financial Reinsurance Total formula 541560c5-6aef-44aa-82a5-6802c775f942.xls Page 47 7/26/2011

DOCUMENT INFO

Shared By:

Categories:

Tags:

Stats:

views: | 80 |

posted: | 7/25/2011 |

language: | Ukrainian |

pages: | 47 |

OTHER DOCS BY liuqingyan

How are you planning on using Docstoc?
BUSINESS
PERSONAL

By registering with docstoc.com you agree to our
privacy policy and
terms of service, and to receive content and offer notifications.

Docstoc is the premier online destination to start and grow small businesses. It hosts the best quality and widest selection of professional documents (over 20 million) and resources including expert videos, articles and productivity tools to make every small business better.

Search or Browse for any specific document or resource you need for your business. Or explore our curated resources for Starting a Business, Growing a Business or for Professional Development.

Feel free to Contact Us with any questions you might have.