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Insurance - PricewaterhouseCoopers

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Contents<br />

Foreword 6<br />

1 General <strong>Insurance</strong> 9<br />

Introduction - Scott Hadfield 10<br />

1.1 Statistics 12<br />

1.2 Key developments 24<br />

1.3 Regulators of general insurance 30<br />

1.4 Supervision and compliance 37<br />

1.5 Solvency and capital adequacy requirements 48<br />

1.6 Reinsurance 61<br />

1.7 General insurance financial reporting 66<br />

1.8 General insurance taxation 82<br />

2 Life <strong>Insurance</strong> 93<br />

Introduction - Tony Cook 94<br />

2.1 Statistics 96<br />

2.2 Key developments 98<br />

2.3 Regulators of life insurance 100<br />

2.4 Supervision and compliance 104<br />

2.5 Solvency and capital adequacy requirements 111<br />

2.6 Reinsurance 114<br />

2.7 Life insurance financial reporting 115<br />

2.8 Life insurance taxation 125<br />

3 Health <strong>Insurance</strong> 135<br />

Introduction - Wayne Russell 136<br />

3.1 Statistics 138<br />

3.2 Key developments 142<br />

3.3 Regulators of health insurance 144<br />

3.4 Supervision and compliance 146<br />

3.5 Solvency and capital adequacy requirements 147<br />

3.6 Reinsurance 151<br />

3.7 Health insurance financial reporting 152<br />

3.8 Health insurance taxation 158

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