Saturday, 31 January 2015

South Africa's Cabinet Approves White Paper on Health Insurance

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1. in December 2015 South Africa’s cabinet approved a policy white paper on a compulsory health-  insurance plan.
Tuesday, 20 January 2015

Managing General Insurance Management Expenses

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BACKGROUND Management Expense ratios for an insurance company refers to the percentage of premium used to pay the costs of acquiring, wri...

Insurance Financial Ratios

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BACKGROUND Below are some financial ratios relevant to the insurance management process and provides a rough idea of how management are run...
Thursday, 1 January 2015

Interest Rate Models for Insurers

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BACKGROUND This post briefly describes how interest rates affects life and general insurers and plausible models to predict future short te...
Monday, 22 December 2014

Cultivating a Healthy Insurance Market

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BACKGROUND How do we prevent undercutting in the insurance market and instead  promote a healthy and growing insurance industry. ...
Thursday, 18 December 2014

[Products] 3-in-1 Liablity Product Bundle for SME

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BACKGROUND A Melbourne underwriting agency has unveiled a product combining 3 key policies for SMEs. The Product covers Professional I...
Friday, 28 November 2014

Understanding & Managing Reinsurance Risks

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I was reading an article on managing reinsurance risks and found a few points that I would like to share.
Tuesday, 25 November 2014

[Framework] Solvency II - Part 4 - ORSA

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BACKGROUND A continuation from previous post, this post covers ORSA’s components, processes and how each stake holders contribute. ORSA r...
Friday, 31 October 2014

[Framework] Solvency II - Part 3 - ERM

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BACKGROUND  Solvency II requires insurers to prepare and implement assessments of the company’s own risks. Under Pillar 2’s Own Risk and S...
Wednesday, 1 October 2014

[Framework] Solvency II - Part 2 - SCR & MCR

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SCR & MCR This post is a continuation from my previous article on Solvency II  discussing capital requirement,  differences in Solven...
Saturday, 27 September 2014

[Framework] Solvency II - Part 1 - Introduction

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BACKGROUND  Solvency II is scheduled to come into effect on 1 January 2016  and will affect all insurers in the EU under the EU Directiv...
Tuesday, 2 September 2014

[Framework] SOX vs J-SOX

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This posts will discuss the key differences between Japan's J-SOX and US's SOX Framework. BACKGROUND Sarbanes Oxley Act of 2002 ...
Saturday, 30 August 2014

[Framework] J-SOX - Designing Internal Controls

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BACKGROUND J-SOX’s main objective  is to ensure the reliability of financial reporting therefore the internal controls prescribed are onl...
Friday, 1 August 2014

[Framework] Financial Instruments and Exchange Act (JAPAN)

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BACKGROUND The Financial Instruments and Exchange Act (金融商品取引法) promulgated on June 14th, 2006. It codifies securities law and regulates ...
Thursday, 31 July 2014

ObamaCare - Part 2 - End of Subsidies?

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A continuation from previous article titled  “ObamaCare Part 1” discussing Mr. Obama’s initiative to overhaul the U.S. Healthcare System. L...
Tuesday, 1 July 2014

Obamacare - Part 1- Implementation

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The Patient Protection and Afforable Care Act signed in 2010 dubbed the ObamaCare. The concept is to increase the size of insurance poo...
Saturday, 28 June 2014

Postal Code Profiling In a Motor Detariff Market

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A continuation from previous article titled “Motor Detariffed West Side Stories” highlighting how two areas in a city are charged differen...
Tuesday, 3 June 2014

Insurance Miss-Selling

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BUYING BLINDLY? Back in January 2014, The Guardian reported in the UK that “ six well-known agencies had sold personal accident policies...
Tuesday, 27 May 2014

Insurance Coverage For Your Dwelling/House

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This post will provide info on factors to consider when you purchase an insurance coverage for dwelling/house. Note: Most of the info are...
Tuesday, 6 May 2014

Data For Premium Discounts

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Would you allow insurance companies to track/monitor/gather data on your lifestyle in return for cheaper premiums? There are devices in...