Important Points for IC 89 - Management Accounting Exam
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Underwriting Balance Ratio: Premium deficiency will be also taken into account.
Operating Profit ratio: Premium deficiency and expenses under profit and loss account would also be considered.
Conservation ratio: This will also include group fund business. However in order to avoid ambiguity on treatment of the group insurance premium and have a uniform policy on the same, a separate guidelines on the same will be issued.
NPA ratio : In case of life Insurance, the reference of data will be as per sec(d) of Appendix D of Appointed Actuarys Annual Report. In case of Non-life insurance, the same will be computed as per the norms specified by RBI from time to time.
Portfolio Management refers to investment management, which is a complex process of making decision about the investment mix and policy,matching investment to objectives, asset allocation for individuals and institutions and balancing risk against performance.
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