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

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Presentation on theme: "Presenter: Amara Gondal General Insurance Balance Sheet October 28, 2010."— Presentation transcript:

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

2 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

3 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

4 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

5 _ THANK YOU


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