12. For Category C insurers, the Asset Concentration Risk Charge must be applied to the assets in Australia only of the Category C insurer, consistent with reporting standards made under the Financial Sector (Collection of Data)Act 2001.
An investigation by California State Controller John Chiang reportedly found that some insurers knew about the death of a policyholder but did not let beneficiaries know that they could receive payouts on policies. READ MORE LONG TERM DISABILITY LEGAL NEWS How to Prove Eligibility for Long-Term...
The court even looked to Prudential’s own definitions oftotally disabled, to ultimately find the company liable for wrongdoing here and wrote, “We reject its argument that the eligibility standards in the Group Policy and the Individual Policy substantially differ. The definition of ‘total disabil...
Insurers will need to determine the target market for their products, having regard for whether the product would generally meet the likely objectives, financial situations and needs of persons in that market. They will also be required to select appropriate distribution channels for the identified ta...
APRA aligns general insurance prudential reporting with accounting standards The Australian Prudential Regulation Authority (APRA) has released a consultation package relating to proposed changes to prudential reporting for general insurers, which will align prudential reporting closely with statutory reporting....
Registered in England and Wales No: 07854923Consultation Paper | CP5/13 Strengthening capital standards: implementing CRD IV IC Iv,W Riley,E Da 被引量: 5发表: 2013年 APRA's Expert Judgment Ratings and Solvency Cover of Australian General Insurers The Australian Prudential Regulation Authority's ...
of the Bank’s PRA Transition Unit.(1) The Prudential Regulation Authority (PRA), as part of the Bank of England, will become the United Kingdom’s prudential regulator for banks, building societies and credit unions (collectively deposit-takers), insurers and major investment firms in 2013. ...
gov.au/cca AustralianPrudentialRegulationAuthority3 Preamble APRAisreviewingitscapitalstandards orgeneral insurersandli einsurers. Thistechnicalpaperisparto aserieso papers thatoutlineAPRA’sproposalstoupdatethecapital standards orbothgeneralinsurersandli einsurers. Thersto thisserieso paperswasadiscussion paper...
disclosure and accounting standards also lessen the scope for accrual and earnings management activities (Chen and Zhang2014). The age of founders and incumbent senior officials inevitably rises with time since IPO. As Johnson et al (2013, p. 238) reveal in their assessment of management demograph...
Registered in England and Wales No: 07854923Consultation Paper | CP5/13 Strengthening capital standards: implementing CRD IV IC Iv,W Riley,E Da 被引量: 5发表: 2013年 APRA's Expert Judgment Ratings and Solvency Cover of Australian General Insurers The Australian Prudential Regulation Authority's ...