10.5.1b Financial Soundness Indicators – Life Insurance (Percentage)
10.5.1b Financial Soundness Indicators – Life Insurance (Percentage)
| Sept 2015 | Sept 2016 | |
| Capital to technical reserves | 81.5 | 84.6 |
| (Real estate + unquoted equities + debtors) to total assets | 2.9 | 3.3 |
| Receivables to gross premiums | 62.5 | 61.7 |
| Equities to total assets | 1.9 | 2.6 |
| Net technical reserves to net premium paid in last 3 years | 796.3 | 776.8 |
| Risk retention ratio (net premium to gross premium) | 98.0 | 98.6 |
| Gross premium to number of employees J$(000) | 5.4 | 6.6 |
| Assets per employee J$(000) | 140.7 | 152.7 |
| Expenses to net premium (expense ratio) | 50.0 | 42.8 |
| Investment Income to investment assets | 2.2 | 2.6 |
| Return on Equity | 3.0 | 8.2 |
| Liquid assets to total liabilities | 29.3 | 33.0 |
| Duration on assets -Domestic Bonds | 1.1 | 1.3 |
| Duration on assets- Global Bonds | 7.4 | 5.5 |
Source: Bank of Jamaica Financial Stability Report 2015
10.5.1b Financial Soundness Indicators – Life Insurance (Percentage) in the Sustainable Development Goals
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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 10.5.1b Financial Soundness Indicators – Life Insurance (Percentage) Targets
10.5
Improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulations
