| 词汇 | example_english_solvency |
| 释义 | Examples of solvencyThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. To assess solvency, assets are compared with the random present value of liabilities. A typical characteristic of these average-salary schemes is that indexation of all accrued liabilities is made dependent on the solvency position of the pension fund. It rounds off with considerations of issues surrounding government guarantees of insurance company solvency, and the taxation of income from annuities. The assessment of the solvency margin required according either to a reserve-based or an obligations-based condition is performed through simulation. Reserves are the solvency margin expressed as a share of total assets. The solvency margin should be within the target area or at least above the minimum requirements. Several numerical examples illustrate solvency requirements produced by the two different approaches. Nowadays, equity investments are allowed, but the amount of equity is tied to the coverage and solvency margin regulations. The switch from a de facto unconditional indexation towards a solvency-contingent indexation may be seen as a welfare loss for optimising individuals. In table 2 the solvency margin required at time 0 is quoted according to conditions (3.15) and (3.21). Most pension funds have found a solution by switching to an average-wage plan with solvency-contingent indexation and contributions. Most pension funds switched to an average-wage plan with solvency-contingent indexation. When the solvency variable is added to the proportional equity investment - model, the coefficient of determination improves. Solvency requirements can be formulated also with reference to cash results. Note that costs are not crucial for solvency supervision and are not central in reporting. So, in the example the magnitude of the difference between such reserves is actually similar to the magnitude of the required solvency margin. As noted in section 3, obligation-based solvency requirements allow for a fair valueoriented approach to solvency. Of course, equation (3.13) leads to a weaker concept of solvency than (3.11). In section 2 risks inherent in life insurance products and pension schemes and the relevant solvency requirements are discussed. Solvency is investigated referring to immediate annuities, and hence the so-called decumulation phase is addressed. In most final-wage pension plans, indexation of pension benefits was, at least on paper, dependent on the solvency position of the pension fund. The actuarial approach leads to a selfconstructed representation of the solvency position of the pension fund without any link to financial markets. The main parameters of pension fund used in this study are asset allocation figures, liability structure information, and solvency margin limits. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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