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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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General points of the essay
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