1 / 10

Current Scenario in Sri Lanka

Current Scenario in Sri Lanka. Sujeeva Udayasiri Fernando Janashakthi Insurance PLC On be half of Actuarial Association of Sri Lanka 10-12-2012. Regulatory –Life Insurance Assets-Liability matching…(ALM) Period up to 2010 2010-2012 2013+. Regulatory Journey….(Long term business..).

perry
Download Presentation

Current Scenario in Sri Lanka

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Current Scenario in Sri Lanka Sujeeva Udayasiri Fernando Janashakthi Insurance PLC On be half of Actuarial Association of Sri Lanka 10-12-2012

  2. Regulatory –Life Insurance • Assets-Liability matching…(ALM) • Period up to 2010 • 2010-2012 • 2013+

  3. Regulatory Journey….(Long term business..) • From where did we come … • Where do we stand now… • ?? Where we are heading… ALM point of view….

  4. From where did we come … • ….2010-ALM • Assets-(Static…) • Amortized cost.. • …. • Liability-(conservative assumptions) • Net Premium Valuation (Interest, Mortality) • Solvency – A> 1.05*L

  5. ….2011-Q1-ALM • Assets-(Dynamic..) • IFRS reporting… • Market value… • Liability-(conservative assumptions) • Net Premium Valuation (Interest, Mortality) • Solvency – Silent..??....Interest rate risk…

  6. Realized..-Interest rate risk…2011-2012 • 2011….interest rate –reach to 9% • 2012-Feb…Interest rate-reach to 13% • Shocks….to ALM • Why?... Scarcity of suitable market assets-consistent with the long term liabilities…

  7. Where do we stand on… • 2012-June • NPV to GPV • Gross Premium Valuation for 2012.. • GPV regulations provided • deviate from the RBC… GPV methods…(IBSL)

  8. Meeting conclusions IBSL (07-12-2012) • Assets – MTM • Liabilities – NPV basis • Solvency – Existing norms • 2012-Q3 • RBC road test • –cash flow projections ..(BEL,RM,…)

  9. ?? Where we are heading… • Dynamic Assets portfolio… • Static Liability portfolio… • RBC regime… To Land…. SOLVENCY II or Extended version of SOLVENCY II …..!!!! … Globalization…

  10. Thanks • K.A.Pandit- Consultants and Actuaries • Actuarial Association of Sri Lanka • Industry Colleagues • Janashakthi Family • Mr.Chandra Schaffter.. • …….

More Related