The premium paid to SLIC has been protected through creation of Consolidated Claim Reserve Account (CCRA) in case of life insurance and Equalization Reserve
Fund (ERF) with the provision of claw back approach in case of health insurance to safeguard unutilized premium amount.
00 billion to dividend equalization reserve
from un-appropriated profits to maintain divide declarations.
is required for other natural catastrophes.
With shareholder funds' and the equalization reserve
at only $77 million, however, Dansk Kaution's capital base is very small relative to its $3,240 million gross exposure.
absorbed through the equalization reserve
, but is unlikely to fall
capital because of equalization reserve
break-even and 3%, before equalization reserve
The combined ratio will average 105%, with the equalization reserve
protecting the capital base in years affected by major losses, Standard & Poor's said.
08 times due to higher retained earnings and an increase in equalization reserve
WUEBA's consolidated risk-adjusted capitalisation is likely to improve prospectively through the partial retention of earnings, which benefit from the utilisation of a tax loss that has been carried forward and allocations to the equalization reserve
WuerttVers' risk-adjusted capitalisation is likely to continue to improve from higher (between EUR 30-40 million) allocation to the equalization reserve
, which compensates for the cash financed acquisition of Karlsruher Versicherung in 2007.
CCR is also expected to build and maintain an equalization reserve
above twice the annual "Cat Nat" premium (compared to 110% today), bolstering its already extremely strong capitalization.