GIM7040 - Equalisation reserves: classes other than credit business: limits on transfers in and out
For each business group where an equalisation reserve is to be maintained, there is a percentage limit on the amounts that can be transferred in and out, and on the maximum reserve which can be maintained. These are:
|
Business Group |
Transfer in |
Transfer out |
Maximum Reserve |
|
|
% net written premium |
% Claims ratio trigger |
% 5 year average net written premium |
|
Property |
3 |
72.5 |
20 |
|
Consequential loss |
3 |
72.5 |
20 |
|
Marine and aviation |
6 |
95 |
40 |
|
Nuclear |
75 |
25 |
600 |
|
Non-proportional treaty |
11 |
100 |
75 |
