Chapter35-Insolvency and closure

Question 1

Framework

Answer 1

1 Reason insurers rarely become insolvent
2 Changes in expenses of an insurer closed to new business
3 Issues to consider when an insurer is facing insolvency
4 Issues to consider when acquiring an insolvent insurer
5 Provision of benefits of an insolvent insurer
6 Types of benefit scheme closure and the effect on sponsor contributions and what the decision depends on
7 Provision of benefits of a discontinued scheme
8 Deficit on discontinuance
9 Surplus on discontinuance
10 Provision of benefits of a discontinued scheme
11 Issues to consider when deciding on method for provision of benefits on discontinued scheme