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10.5.1a Financial Soundness Indicators – General Insurance (Percentage)

10.5.1a Financial Soundness Indicators – General Insurance (Percentage)

  Sept 2016
Net premium to Capital  28.0
Capital to Assets  29.7
(Real estate + unquoted equities + debtors) to total assets  7.0
Receivables to gross premiums  46.3
Equities to total assets  2.5
Net technical reserves to net claims paid in last 3 years  346.0
Risk retention ratio (net premium to gross premium)  70.3
Gross premium to number of employees J$(000)  7.3
Assets per employee J$(000)  61.4
Net Claims to net premium (loss ratio)  56.2
Total expenses to net premium (expense ratio)  97.1
Combined ratio (loss + expense ratio)  153.4
Investment Income to net premium  22.7
Return on Equity  9.8
Liquid assets to total liabilities  83.4

Source: Bank of Jamaica Financial Stability Report 2015

 
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10.5.1a Financial Soundness Indicators – General Insurance (Percentage) in the Sustainable Development Goals

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10. Reduce inequality within and among countries
10. Reduce inequality within and among countries

10. Reduce inequality within and among countries

The international community has made significant strides towards lifting people out of poverty. The most vulnerable nations – the least developed countries, the landlocked developing countries and the small island developing states – continue to make inroads into poverty reduction. However, inequality still persists and large disparities remain in access to health and education services and other assets.

Additionally, while income inequality between countries may have been reduced, inequality within countries has risen. There is growing consensus that economic growth is not sufficient to reduce poverty if it is not inclusive and if it does not involve the three dimensions of sustainable development – economic, social and environmental.

To reduce inequality, policies should be universal in principle paying attention to the needs of disadvantaged and marginalized populations.

Related 10.5.1a Financial Soundness Indicators – General Insurance (Percentage) Targets

10.5

Improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulations