- Page 1 and 2:
Insurance facts and figures 2007
- Page 3 and 4:
Insurance facts and figures 2007
- Page 5 and 6:
4 Financial reporting 85 Developmen
- Page 7 and 8:
HIC HPPA IAA IASB IBD IBNER IBNR IC
- Page 9 and 10:
Introduction
- Page 11 and 12:
Industry information 1 Top 15 gener
- Page 13 and 14:
Industry information 1 Financial Po
- Page 15 and 16:
Industry information 1 Net Insuranc
- Page 17 and 18:
Industry information 1 Financial Po
- Page 19 and 20:
Industry information 1 Financial Po
- Page 21 and 22:
Industry information 1 Debt securit
- Page 23 and 24:
Industry information 1 General insu
- Page 25 and 26:
Industry information 1 Total privat
- Page 27 and 28:
Industry information 1 World catast
- Page 29 and 30:
Industry information 1 New annual p
- Page 31:
Industry information 1 Loss and exp
- Page 34 and 35:
2.1 Developments Developments over
- Page 36 and 37:
The requirements of these prudentia
- Page 38 and 39:
2.2 Framework Under the regulatory
- Page 40 and 41:
Although APRA is responsible for th
- Page 42 and 43:
2.3 Authorisation GENERAL INSURANCE
- Page 44 and 45:
authorisation, APRA can stipulate t
- Page 46 and 47:
AUTHORISED REPRESENTATIVES AND INSU
- Page 48 and 49:
Section 989B of the Corporations Ac
- Page 50 and 51:
• submits a Financial Information
- Page 52 and 53:
• A general insurer must develop,
- Page 54 and 55:
• The fitness and propriety of a
- Page 56 and 57:
LPS 232 - Business Continuity Manag
- Page 58 and 59:
Figure 2.2 summarises the calculati
- Page 60 and 61:
Insurance risk capital factors Tabl
- Page 62 and 63:
Table 2.6 - Counterparty grades Gra
- Page 64 and 65:
General insurers in run-off This ap
- Page 66 and 67:
The key requirements of the new sta
- Page 68 and 69:
The solvency requirement broadly co
- Page 70 and 71:
AS3.04 Capital Adequacy Standard is
- Page 72 and 73:
The resilience reserve is intended
- Page 74 and 75:
Funds held in a trust account can b
- Page 76 and 77:
If the reinsurance program has a co
- Page 78 and 79:
The Life Act also provides that cer
- Page 80 and 81:
3.1 Framework The insurance industr
- Page 82 and 83:
Table 3.1 - Policyholder protection
- Page 84 and 85:
• given a PDS before becoming bou
- Page 86 and 87:
With effect from 1 July 2003, only
- Page 88 and 89:
As AFSL holders, insurers are requi
- Page 90 and 91:
Since 2001, there has been a marked
- Page 92 and 93:
INSURANCE BROKERS Insurance Brokers
- Page 94 and 95:
4.1 Developments AASB 7 FINANCIAL I
- Page 96 and 97:
Australia had one of the leading-ed
- Page 98 and 99:
• it eliminates or significantly
- Page 100 and 101:
4.2 Framework Insurers’ financial
- Page 102 and 103:
Figure 4.1 - Overview of relevant f
- Page 104 and 105:
10 core principles that the Council
- Page 106 and 107:
4.3 Accounting standards GENERAL IN
- Page 108 and 109:
• Non-insurance contracts; and
- Page 110 and 111:
value unless the claims are to be s
- Page 112 and 113:
Outstanding claims should have rega
- Page 114 and 115:
Interaction with regulatory reporti
- Page 116 and 117:
Life investment contract A life inv
- Page 118 and 119:
The income statement includes all p
- Page 120 and 121:
Incremental costs that are directly
- Page 122 and 123:
• The process used to determine t
- Page 124 and 125:
Premium revenue Under the revised A
- Page 126 and 127:
AUTHORISED REPRESENTATIVES AND INSU
- Page 128 and 129:
APRA prudential standards stipulate
- Page 130 and 131:
4.5 Other returns GENERAL INSURANCE
- Page 132 and 133:
- A description of the probability
- Page 134 and 135:
In March 2006, the IAA released Pro
- Page 136 and 137:
• An annual FCR; • An appointed
- Page 138 and 139:
• National Claims and Policies Da
- Page 140 and 141:
• Levy on deregulated premium col
- Page 142 and 143:
• Quarterly unaudited PHIAC 4 med
- Page 144 and 145:
136 5.1 Developments Tax reform in
- Page 146 and 147:
• under the hedging election and
- Page 148 and 149:
Outstanding claims A deduction is a
- Page 150 and 151: Classes of income The income of a l
- Page 152 and 153: Investment income A life insurer is
- Page 154 and 155: HEALTH INSURANCE An organisation wh
- Page 156 and 157: 5.4 Levies and premium taxation GEN
- Page 158 and 159: Table 5.4 - Stamp duty rates - Gene
- Page 160 and 161: However, life insurers may be entit
- Page 162 and 163: • The expenses incurred by the in
- Page 164 and 165: General Insurance Supervisory Levy
- Page 166 and 167: 6.1 Commonwealth legislation The in
- Page 168 and 169: etail financial products is more st
- Page 170 and 171: and provides guarantees and assista
- Page 172 and 173: GENERAL INSURANCE BROKERS’ CODE O
- Page 174 and 175: 7.1 Government authorities Governme
- Page 176 and 177: PRIVATE HEALTH INSURANCE ADMINISTRA
- Page 178 and 179: 7.2 Industry associations ASSOCIATI
- Page 180 and 181: AUSTRALIAN HEALTH SERVICE ALLIANCE
- Page 182 and 183: FINANCIAL SERVICES ACCOUNTANTS ASSO
- Page 184 and 185: INSTITUTE OF PUBLIC INSURANCE ASSES
- Page 186 and 187: INSURANCE PREMIUM FINANCE ASSOCIATI
- Page 188 and 189: NATIONAL INSURANCE BROKERS ASSOCIAT
- Page 190 and 191: PRIVATE HEALTH INSURANCE OMBUDSMAN
- Page 192 and 193: Registered general insurers Chubb I
- Page 194 and 195: Registered general insurers Poseido
- Page 196 and 197: 7.5 Registered life insurers Americ
- Page 198 and 199: 7.6 Registered health insurers ACA
- Page 202: PERTH 250 St George’s Terrace Tel