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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...
    Found on http://www.encyclo.co.uk/local/20197

  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. When new business is written, the value of the company may reduce (when viewed on a regulatory basis) even if the business is likely to be profitable. This is known as New Business Strain. Zillmerisation is one method of adjus...
    Found on http://en.wikipedia.org/wiki/Zillmerisat

...

27 May 2012

This day in history: The Queen Mary made her maiden voyage, on the Southampton-Cherbourg-New York route, on 27 May 1936. The passenger accommodation emphasised the first two classes, cabin and tourist. The propulsion machinery of the ship produced a massive 160,000 SHP and gave it a speed of over 30 knots. Despite expectations that the ship would try to break speed records on its first voyage a thick fog destroyed any hope of this. The Queen Mary spent a short time in drydock during July whilst adjustments were made to the propellers and turbines. When the ship returned to service, in August, it made a record voyage from Bishop's Rock to Ambrose light and took the Blue Riband from the Normandie. read more

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