Presenter: Amara Gondal General Insurance Balance Sheet October 28, 2010.

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Presentation transcript:

Presenter: Amara Gondal General Insurance Balance Sheet October 28, 2010

AssetsLiabilities P r e m i u m Premium Written (GPW) Premium due but unpaidProvision for unearned premium Premium Ceded Prepaid re-insurance premium ceded Amount due to other insurers/ re-insurers C l a i m s Claims Expense -Provision for outstanding claims (IBNR) Reinsurance and other recoveries revenue Reinsurance and other recoveries in respect of outstanding claims - C o m m i s s i o n Commission expense Deferred CommissionCommission payable to agents Commission from re- insurers Amount due to other insurers/ re- insurers Commission income unearned Underwriting Assets Vs. Liabilities u/w Provision

INVESTMENTS Bank Deposits Governments Securities Equities – Listed Mutual Funds Debt Securities – Listed CoI/ Debentures/ Unlisted TFCs/ Placements Equities – unlisted Investment properties Credit Risk Market Risk Liquidity Historical Performance Guidelines Systems & Controls Risky investments Diversification of portfolio Asset valuation Interest rate environment Total return Default experience Maturity Yield

Balance Sheet Analysis Level of capital in relation to underwriting business and reinsurance 1. Premium Solvency Ratio [Equity/NPW] 1a. Premium Solvency Ratio (Market Value Adjusted) [Adjusted Equity/NPW] Level of capital in relation to adequacy of loss reserve 2.Reserves Solvency Ratio [Net Provision for Outstanding Claims/Equity] 2a. Reserves Solvency Ratio (Market Value Adjusted) [Net Provision for Outstanding Claims/Adjusted Equity] 3. Net Underwriting Provisions / Equity 4. Financial Base / NPW LIQUIDITY 1. Liquid Assets / Net Underwriting Provisions 1a. Liquid Assets (Market Value Adjusted) / Net Underwriting Provisions 2. Liquid Assets / Total Assets Financial flexibility Capital adequacy Profitability Solvency

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