Brazil-Perpustakaan.org
By:International Monetary Fund. Monetary and Capital Markets Department
Published on 2012-12-14 by International Monetary Fund
This report is a full assessment of Brazil’s compliance with the Insurance Core Principles (ICPs) of the International Association of Insurance Supervisors (IAIS) as adopted in October 2011.
In the last few years, the Brazilian insurance industry experienced an explosive growth doubling the premium between 2005 and 2010.
Investments by the insurance sector are conservative and short term, and primarily comprised of fixed income instruments.
Profitability levels of the insurance sector have been consistent and the solvency ratio of the insurance industry has been strong.
Other financial indicators of the insurance sector also suggest resilience.
This Book was ranked at 140 by Google Books for keyword financial,insurance.
Book ID of Brazil's Books is 72EZEAAAQBAJ, Book which was written by "International Monetary Fund. Monetary and Capital Markets Department" have ETAG "xv4B4jAaT10"
Book which was published by International Monetary Fund since 2012-12-14 have ISBNs, ISBN 13 Code is 1475591357 and ISBN 10 Code is 9781475591354
Reading Mode in Text Status is and Reading Mode in Image Status is 1
Book which have "75 Pages" is Printed at BOOK under Category Business & Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is Available and in ePub is not Available
Related Books
Medical Care Economic Risk-Perpustakaan.org
Author : National Research Council
Published by National Academies PressPublished since 2013-02-10
The United States has seen major advances in medical care during the past decades, but access to care at an affordable cost is not universal.
Many Americans lack health care insurance of any kind, and many others with insurance are nonetheless exposed to financial risk because of high premiums, deductibles, co-pays, limits on insurance payments, and uncovered services.
One might expect that the U.S.
poverty measure would capture these financial effects and trends in them over time.
Yet the current official poverty measure developed in the early 1960s does not take into account significant increases and variations in medical care costs, insurance coverage, out-of-pocket spending, and the financial burden imposed on families and individuals.
Although medical costs consume a growing share of family and national income and studies regularly document high rates of medical financial stress and debt, the current poverty measure does not capture the consequences for families' economic security or their income available for other basic needs.
In 1995, a panel of the National Research Council (NRC) recommended a new poverty measure, which compares families' disposable income to poverty thresholds based on current spending for food, clothing, shelter, utilities, and a little more.
The panel's recommendations stimulated extensive collaborative research involving several government agencies on experimental poverty measures that led to a new research Supplemental Poverty Measure (SPM), which the U.S.
Census Bureau first published in November 2011 and will update annually.
Analyses of the effects of including and excluding certain factors from the new SPM showed that, were it not for the cost that families incurred for premiums and other medical expenses not covered by health insurance, 10 million fewer people would have been poor according to the SPM.
The implementation of the patient Protection and Affordable Care Act (ACA) provides a strong impetus to think rigorously about ways to measure medical care economic burden and risk, which is the basis for Medical Care Economic Risk.
As new policies - whether part of the ACA or other policies - are implemented that seek to expand and improve health insurance coverage and to protect against the high costs of medical care relative to income, such measures will be important to assess the effects of policy changes in both the short and long term on the extent of financial burden and risk for the population, which are explained in this report.
The Fair Value of Insurance Business-Perpustakaan.org
Author : Irwin T. Vanderhoof
Published by SpringerPublished since 2000-09-30
Insurance companies, as well as banks and thrift institutions, have traditionally reported assets and liabilities on the basis of their amortized cost, or book value.
But following the turmoil in securities markets due to highly volatile interest rate fluctuations in the 1980s and the early 1990s, and problems caused by inadequate liquidity, in the mid-1990s the Financial Accounting Standards Board (FASB) issued a new ruling calling for financial intermediaries to report the fair, or market, value of most assets.
Called FAS 115, this new standard is the first step in the eventual change to valuing all the assets and liabilities belonging to financial intermediaries under the fair value accounting method.
Thus, these changes will pose tremendous future implications for three key business measures of a financial intermediary: Solvency: if the fair values of assets and liabilities are out-of-step, then healthy companies may report negative net worth and insolvent companies may appear to be in sound financial condition.
Reported Earnings: if the fair values of assets and liabilities are out of step, then reported earnings will not accurately represent the financial operations of the company.
Risk Management: FASB recently postponed the implementation of its new rules on accounting for the use of derivatives instruments.
However, if the final set of rules for figuring the fair value of derivatives is not carefully crafted, it may be possible that companies prudently hedging their risks are subject to penalties in their financial reports, while companies taking greater risks appear to have less volatile financial performance.
Compared to banks and other financial intermediaries, life insurance companies have the longest term and most complex liabilities, and hence the new FASB requirement poses the most severe challenges to the life insurance industry.
The lessons learned from the debate among life insurance academics and professionals about how respond to the fair value reporting rule will be instructive to their counterparts in other sectors of the insurance industry, as well as those involved with other financial institutions.
Of particular note are the two papers which comprise Part III.
The first provides examples of the fair valuing of annuity contracts, while the second offers examples of the fair valuing of term insurance products.
As the papers collected in The Fair Value of Insurance Business extend and update some of the issues treated in a previous Salomon Center conference volume, The Fair Value of Insurance Liabilities, this new volume may be viewed as a companion to the earlier book.
Competitive Problems Confronting U.S. Banks Active in International Markets-Perpustakaan.org
Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance
Published by Published since 1990
HUD and NeighborWorks Housing Counseling Oversight-Perpustakaan.org
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Insurance, Housing, and Community Opportunity
Published by Published since 2012