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Look up: zillmerisation

  1. zillmerisation
    A method of calculating reserves in life insurance that allows for the acquisition costs incurred when a contract is written. Zillmerised reserves are lower than reserves that are not zillmerised. The method applies to regular premium business. It is effectively a variation of the net premium method, which increases the future premiums valued to take account of acquisition costs incurred.
    Found on http://www.prudential.co.uk/prudential-p

  2. zillmerisation
    the setting of some acquisition expenses of long-term business against mathematical reserves as opposed to their amortisation Category: Insurance
    Found on http://www.mijnwoordenboek.nl/definition

  3. Zillmerisation
    `Zillmerisation` relates to the valuation of a Life insurer by an actuary. Even if profitable business is written, the value of the company may worsen (when viewed from a regulatory basis) because of what is called New Business Strain. Zillmerisation is one method of adjusting the valuation calculations to ease this initial valuation strain.
    Found on http://en.wikipedia.org/wiki/Zillmerisat


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22 November 2009

This day in history:
On Friday, November 22, 1963, President John F. Kennedy was shot as he rode in a motorcade through the streets of Dallas, Texas. At his death, the 35th president was 46 years old and had served less than three years in office. Despite this intimate experience of events surrounding the death of John F. Kennedy, the nation failed to achieve closure. Oswald never confessed, and the facts of the case remain mysterious. The Warren Commission's conclusion Oswald acted alone failed to satisfy the public. In 1976, the House of Representatives' Select Committee on Assassinations reopened investigation of the murder. The Committee reported that Lee Harvey Oswald probably was part of a conspiracy that may have involved organized crime. read more

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