Sources of surplus Flashcards
1
Q
Acronym
A
COC NEURON
2
Q
C(1)
A
Changes in economic assumptions
3
Q
O(1)
A
Other variances e.g capital injection, tax changes
4
Q
C(2)
A
Changes in non-economic (insurance) assumptions
5
Q
N(1)
A
New business
6
Q
E
A
Economic variances actual vs expected
7
Q
R
A
Return on opening surplus
8
Q
O(2)
A
Opening adjustments
9
Q
N(2)
A
Non-economic (insurance) variances
