Regulatory Alerts1992-12-03
Added · Updated
Profitability of Life Insurance Product Categories
The document clarifies the application of Article 21bis of the Supervision Act regarding the profitability analysis of life insurance product categories. It mandates that companies allocate operating costs across 13 product columns and justifies their allocation methods, while introducing new statistical reporting requirements for non-technical income and unrealized capital gains or losses. The text establishes specific calculation methodologies for investment returns and costs, prohibits using reinsurance to systematically compensate for structural deficits, and requires reconciliation between statistical statements and annual accounts via specific annexes.
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