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Topic: Business
Number of pages / Number of words: 2 / 305
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FOR DEVELOPMENT OF

SOLVENCY MARGIN OF THAILAND

.

Tommy Pichet, B.Eng (Hons), FSA, FSAT, MScFE (Distinction)

The Society of Actuaries of Thailand

36/1 Rama 4 Road, Bangkok 10120, Thailand

Proceedings of the East Asia Actuarial Conference

October 9-12, 2007 at Tokyo, Japan

Abstract. Solvency margin of Thailand has been using maximum of 2 percent of statutory reserve or 50 million baht (whichever is higher) as a required capital in order to absorb unexpected large loss for the sake of solvency in Life insurance industry while modified net level premium has been adopted to establish statutory reserve...


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FOR DEVELOPMENT OF

SOLVENCY MARGIN OF THAILAND

.

Tommy Pichet, B.Eng (Hons), FSA, FSAT, MScFE (Distinction)

The Society of Actuaries of Thailand

36/1 Rama 4 Road, Bangkok 10120, Thailand

Proceedings of the East Asia Actuarial Conference

October 9-12, 2007 at Tokyo, Japan

Abstract. Solvency margin of Thailand has been using maximum of 2 percent of statutory reserve or 50 million baht (whichever is higher) as a required capital in order to absorb unexpected large loss for the sake of solvency in Life insurance industry while modified net level premium has been adopted to establish statutory reserve...


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