This presentation is from a recent webinar featuring A.M. Best analysts Yuhmei Chen and Elmo Chin. They discussed their perspective on the securitization of pools of collateralized loans used to finance the premiums of life insurance policies. To view the webinar, click here: http://bit.ly/297eEAx.
This presentation is from a recent A.M. Best market briefing. The topics of this panel discussion included global reinsurance trends, the impact of alternative capital, and the merger and acquisition phase. A.M. Best’s group vice president John Andre, vice president Bob DeRose, assistant vice presidents Steve Chirico and Greg Reisner, and senior financial analyst Susan Molineux participated in the discussion.
This presentation is from a recent A.M. Best market briefing. The topics of this panel discussion included global reinsurance trends, the impact of alternative capital, and the merger and acquisition phase. A.M. Best’s group vice president John Andre, vice president Bob DeRose, assistant vice presidents Steve Chirico and Greg Reisner, and senior financial analyst Susan Molineux participated in the discussion.
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 . Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission
“To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer’s aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Life insurance is used for many different purposes. During this webinar, we will discuss how Corporate America is currently using life insurance, such as Non-Qualified plans, keyman protection, and buy sell funding. As well as what to look for when purchasing life insurance, as not all products are created equally. We will provide life insurance education on Term, Whole Life, Universal Life, No Lapse Guarantee, Indexed Universal Life, and Variable Universal Life.
In this risk retention piece, we provide updates to how the final rule under Dodd-Frank applies to CLOs. We cover the permissible forms of risk retention and financing options for the risk retention obligation among other things.
Unfortunately all too often companies default on their payments to vendors or file for bankruptcy protection. Various factors may be the cause: Management deficiencies, financial restructuring, regulatory changes, product liability exposure, legal maneuvering, political upheaval, or even, as recent history has proven, regional natural disasters. No matter how wonderful we feel our customer is, a creditor may never know what future circumstances will diminish the customer’s ability to pay. Accounts Receivables (Credit) Insurance can be an indispensable credit risk management product reducing risk in an unpredictable marketplace. This Webinar will be of value to credit, financial or sales professionals who want to learn the basics of credit insurance and how using credit insurance may help their company. Specifically the speaker will cover: • Protecting Accounts Receivable from bad debt loss • How credit insurance is priced • How claims are settled • How credit insurance can be used to expand sales • Enhancing financing options • Compliance with Sarbanes-Oxley
The study examined credit risk and management in Nigeria Commercial Banks. From the findings it
is concluded that banks profitability is inversely influenced by the levels of loans and advances, non-performing
loans and deposits thereby exposing them to great risk of illiquidity and distress. Therefore, management need
to be cautious in setting up a credit policy that will not negatively affects profitability and also they need to
know how credit policy affects the operation of their banks to ensure judicious utilization of deposits and
maximization of profit. Improper credit risk management reduce the bank profitability, affects the quality of its
assets and increase loan losses and non-performing loan which may eventually lead to financial distress. CBN
for policy purposes should regularly assess the lending attitudes of commercial banks. One direct way is to
assess the degree of credit crunch by isolating the impact of supply side of loan from the demand side taking
into account the opinion of the firms about banks’ lending attitude.
Instilling the Right Credit Risk CultureLibby Bierman
As the Comptroller's Handbook states, "a bank’s first defense against excessive credit risk is the initial credit-granting process, sound underwriting standards, an efficient, balanced approval process, and a competent lending staff." The start of a new year is the perfect time to review and improve your credit risk culture.
Garrett Morris, director of consulting at Sageworks, discussed the key elements of a strong credit risk culture, including:
-Three Ps of credit analysis
-Five Cs of credit
-Five Cs of data collection
-12 questions to ask at your institution
Active Capital Reinsurance Ltd commenced operations in 2007, mainly providing credit-related reinsurance solutions to financial institutions in Latin America, and it has a general insurance and reinsurance license issued in Barbados.
A.M. Best's Chief Rating Officer Stefan Holzberger discussed ratings, opportunities and capitalization in the EMEA markets during A.M. Best's recent briefing in London.
Writekraft Research and Publications LLP was initially formed, informally, in 2006 by a group of scholars to help fellow students. Gradually, with several dissertations, thesis and assignments receiving acclaim and a good grade, Writekraft was officially founded in 2011 . Since its establishment, Writekraft Research & Publications LLP is Guiding and Mentoring PhD Scholars.
Our Mission
“To provide breakthrough research works to our clients through Perseverant efforts towards creativity and innovation”.
Vision
Writekraft endeavours to be the leading global research and publications company that will fulfil all research needs of our clients. We will achieve this vision through:
Analyzing every customer’s aims, objectives and purpose of research
Using advanced and latest tools and technique of research and analysis
Coordinating and including their own ideas and knowledge
Providing the desired inferences and results of the research
In the past decade, we have successfully assisted students from various universities in India and globally. We at Writekraft Research & Publications LLP head office in Kanpur, India are most trusted and professional Research, Writing, Guidance and Publication Service Provider for PhD. Our services meet all your PhD Admissions, Thesis Preparation and Research Paper Publication needs with highest regards for the quality you prefer.
Life insurance is used for many different purposes. During this webinar, we will discuss how Corporate America is currently using life insurance, such as Non-Qualified plans, keyman protection, and buy sell funding. As well as what to look for when purchasing life insurance, as not all products are created equally. We will provide life insurance education on Term, Whole Life, Universal Life, No Lapse Guarantee, Indexed Universal Life, and Variable Universal Life.
In this risk retention piece, we provide updates to how the final rule under Dodd-Frank applies to CLOs. We cover the permissible forms of risk retention and financing options for the risk retention obligation among other things.
Unfortunately all too often companies default on their payments to vendors or file for bankruptcy protection. Various factors may be the cause: Management deficiencies, financial restructuring, regulatory changes, product liability exposure, legal maneuvering, political upheaval, or even, as recent history has proven, regional natural disasters. No matter how wonderful we feel our customer is, a creditor may never know what future circumstances will diminish the customer’s ability to pay. Accounts Receivables (Credit) Insurance can be an indispensable credit risk management product reducing risk in an unpredictable marketplace. This Webinar will be of value to credit, financial or sales professionals who want to learn the basics of credit insurance and how using credit insurance may help their company. Specifically the speaker will cover: • Protecting Accounts Receivable from bad debt loss • How credit insurance is priced • How claims are settled • How credit insurance can be used to expand sales • Enhancing financing options • Compliance with Sarbanes-Oxley
The study examined credit risk and management in Nigeria Commercial Banks. From the findings it
is concluded that banks profitability is inversely influenced by the levels of loans and advances, non-performing
loans and deposits thereby exposing them to great risk of illiquidity and distress. Therefore, management need
to be cautious in setting up a credit policy that will not negatively affects profitability and also they need to
know how credit policy affects the operation of their banks to ensure judicious utilization of deposits and
maximization of profit. Improper credit risk management reduce the bank profitability, affects the quality of its
assets and increase loan losses and non-performing loan which may eventually lead to financial distress. CBN
for policy purposes should regularly assess the lending attitudes of commercial banks. One direct way is to
assess the degree of credit crunch by isolating the impact of supply side of loan from the demand side taking
into account the opinion of the firms about banks’ lending attitude.
Instilling the Right Credit Risk CultureLibby Bierman
As the Comptroller's Handbook states, "a bank’s first defense against excessive credit risk is the initial credit-granting process, sound underwriting standards, an efficient, balanced approval process, and a competent lending staff." The start of a new year is the perfect time to review and improve your credit risk culture.
Garrett Morris, director of consulting at Sageworks, discussed the key elements of a strong credit risk culture, including:
-Three Ps of credit analysis
-Five Cs of credit
-Five Cs of data collection
-12 questions to ask at your institution
Active Capital Reinsurance Ltd commenced operations in 2007, mainly providing credit-related reinsurance solutions to financial institutions in Latin America, and it has a general insurance and reinsurance license issued in Barbados.
A.M. Best's Chief Rating Officer Stefan Holzberger discussed ratings, opportunities and capitalization in the EMEA markets during A.M. Best's recent briefing in London.
European Insurers: Pressures on Capital Efficiency and Expansion into Emergin...A.M. Best Company
Take a look at Carlos Wong-Fupuy's presentation from our recent London briefing. Wong-Fupuy is the Senior Director of Analytics for A.M. Best Asia-Pacific. In this presentation he discusses capital efficiency, plans for expansion into emerging markets and much more.
Debt Trends in the Capital Structure of European InsurersA.M. Best Company
Catherine Thomas, A.M. Best's Senior Director of Analytics, gave a presentation focusing on Europe's debt trends and capital structure. The presentation originally debuted during A.M. Best's recent London briefing.
Boulanger Kick-Starts Its Big City Stores with Exciting New Concept: Virtual ...Capgemini
Boulanger wanted to offer an enhanced digital experience to its customers inside the stores. AIE (Applied Innovation Exchange) helped Boulanger to create Digital Walls in its store to offer a virtual merchandise experience to customers.
Overview of A.M. Best's Stochastic Based BCAR for U.S. P/C InsurersA.M. Best Company
This presentation focuses on A.M. Best's revised BCAR model. Aside from highlighting the initial changes to the BCAR model, the slides focus on treatment of risks in BCAR, analyst views and how all of this applies to the rating process. Created by Thomas Mount.
Dubai Customs Becomes the First Smart Government Department in Dubai with its...Capgemini
Dubai Customs transitions to digital platforms to help customers access its services on digital platforms. Capgemini helped Dubai Customs to create a Cargo Inspection Framework on a Siebel platform that is helping Dubai Customs to manage the flow of goods smoothly.
A.M. Best - Europe's Senior Financial Analyst, Anthony Silverman, discussed how Solvency II will affect financial ratings for the European insurance market at the European Solvency II Summit in Brussels.
Criteria Review Seminar 2015 Stochastic-Based BCAR (Best’s Capital Adequacy ...A.M. Best Company
Take a look at Mathilde Jakobsen, associate director of analytics, recent presentation from our London briefing. Jakobsen focuses on recent updates to A.M. Best's BCAR model.
Insurance, Gen Y and Internet of Things: World Insurance Report 2016 InfographicCapgemini
The evolution of the Internet of Things, combined with changing behaviors and preferences from Gen Y customers, is pushing the insurance industry toward massive disruption. This year’s Report explores how these trends are driving an urgent need for insurers to transform or risk falling behind new competitors.
The rise of innovation empires InfographicCapgemini
From July 2015 to February 2016, 56 innovation centers opened in 20 countries with 11 more opening soon. View the infographic to see the global shift breakdown.
Jawwy: How a Saudi Digital Venture is Rewriting the Telecom RulebookCapgemini
As Saudi millennials are so digital-savvy, they expect a completely new kind of experience that is very different from what today’s telecom operators can provide. They expect an experience that is real time, on-demand, online, DIY and social. This is very much on par with the experience offered by the likes of Google, Apple, Facebook and Amazon – seamless, intuitive and very simple.
The answer to this was Jawwy, an independent digital venture from Saudi Telecom Company (STC). The entire customer care model at Jawwy is digitized from end-to-end, featuring self-help, online, social and peer-to-peer support via crowdsourcing. Jawwy are building a new digital mobile operator model with the organizational DNA and agility of an internet player by going Greenfield. Our interview with Subhra Das, Chief Executive Officer, explores how Jawwy has completely re-imagined the mobile experience for its consumers and transformed to the power of digital.
The Innovation Game: Why & How Businesses are Investing in Innovation CentersCapgemini
With tech startups rapidly eating into traditional sectors, large organizations face an increased pressure to innovate. The challenge is that traditional innovation approaches are broken. A recent study revealed that only 5% of R&D staff feel highly motivated to innovate. In certain sectors, more than 85% of new products fail and an overwhelming 90% of companies consider they are too slow in launching new products and services.
The weaknesses of traditional innovation approaches have led some organizations to explore different avenues and seek new inspiration. These organizations have launched innovation centers in major technology hubs with the explicit mandate to accelerate digital innovations. These innovation centers, comprising teams of people and often physical sites, are established in a global tech hub. The goal is to leverage the ecosystem of startups, venture capitalists, accelerators, vendors, and academic institutions that these hubs provide.
Major global technology hubs are the preferred destinations for setting up innovation centers. 60% of companies that have set up these centers have a presence in the Silicon Valley but many more hubs are emerging – the top 10 cities in our analysis represent only 33% of total innovation centers. The US and Europe have the largest share with 29% of total innovation centers closely respectively, followed by Asia at 25%. Penetration varies significantly between sectors; manufacturing is a clear leader at 58%, but despite facing increasing pressures from digital disruptions, Financial Services lags at only 28%.
It is extremely challenging to make a success of innovation centers. Success factors include clarity on the role of the innovation center, governance for innovation implementation, and a strong connection with the rest of the business.
A Portfolio Strategy To Execute Digital TransformationCapgemini
Senior Executives in pretty much all industries have now elevated digital transformation to the top of their strategic agenda. And they’re right to do so. The risk of falling behind the curve is so great that senior leaders are not debating whether digital technologies will affect their competitive position, but rather how to conduct an effective digital transformation and how fast it can be done.
However, an organization’s determination to get on the front foot with a bold digital strategy often falters when it comes up against the multi-dimensional complexity of the questions it faces and the risks it must manage. Should we prioritize short-term improvements at the expense of potentially larger strategic shifts? How fast will our industry be disrupted: months, years, or even decades? What level of risk are we willing to take on innovative new business models? Can we deliver our digital strategy in house or do we need to partner?
United States Wealth Report 2015 infographicCapgemini
United States Wealth Report 2015 infographic highlights the key findings of the report sections - Market Sizing, HNWI Behaviors and the Spotlight on Automated Advice
The presentation introduces a paper concerned with the following 3 questions:
1. What are the main topics in the current Knowledge Economics research?
2. What gaps in current research exist and what are promising research avenues for the future?
3. What are the most crucial components in the process of creating knowledge outputs?
The purpose of this paper is to extend the earlier work by Capgemini and the State University of New York at New Paltz on the contributions to the mini-track on Knowledge Economics at the Hawaii International Conference on System Sciences (HICSS). In the present work, they analyze 16 contributions from 2012 to 2016 and based on the analysis, they propose the Six Pillars of Knowledge Economics framework. The proposed framework articulates that six elements are essential to generate knowledge outputs: Innovation Capability, Leadership, Human Capital, Information Technology Resources, Financial Resources, and Innovation Climate.
A personal loan has a fixed repayment tenure during which you have to pay monthly repayments named EMIs or Equated Monthly Instalments. A personal loan EMI calculator is a specialised tool with which you can calculate the amount of loan EMIs you have to pay every month.
Visit: https://www.clix.capital/personal-loan-calculator/
This is the brief document about Birla Sun Life Group..which include almost all its insurance plans, and policies. This documents also help those students and people how are seeking to get to know about BSLI. I provide all the detailed history about birla group in this documents..:)
Guide to Total Loan Cost Calculator. Here we provide you the calculator that is used to calculate the total loan amount until the end of the period.
Visit: https://www.clix.capital/personal-loan-calculator/
An ideal home loan looks like the one that has the lowest cost and charges. The market has a wide range of options and you need to choose the best one out of all. There are existing banks and non-banking financial institutions that can offer you a home loan at various rates and charges. A home loan is a long-term loan with various rates, charges, and fees. If you need a fast home loan, you will get the best experience with Clix Capital. A home loan from Clix Capital is digitally enabled and you can borrow from the comfort of your home.
https://www.clix.capital/home-loan/
Microinsurance Concepts by Andrea KeenanMary Marzano
Andrea Kennan, Senior Managing Director at A.M. Best, and Vice-Chair of the Microinsurance network presents “Microinsurance Concepts” at the Inclusive Insurance and Microinsurance Conference in Ljubljana, Slovenia. She discussed targeting specific demographic groups within certain geographic regions, and how its viability hinges on mitigating expenses without compromising client benefits.
See more at https://www.linkedin.com/showcase/11049960/
UPDATE ON ICICI PRUDENTIAL CREDIT RISK FUNDiciciprumf
We have been continuously recommending ICICI Prudential Credit Risk Fund due to elevated yields and due
to higher risk reward benefit. In these challenging times, we would like to re-emphasize that we will continue
to stick to our Credit selection process which has ensured that historically we have never encountered any
delay or defaults in any of our schemes. Also, we would like to harp that we continue to remain cognizant of
managing the liquidity, concentration, credit and duration in our accrual portfolios to provide investor with
better risk adjusted returns.
A home loan is always the best way to make sure you handle your needs when buying a home in the right way. To make sure you cover up the expenses of turning your dream of owning a dream into a reality, you must use some amazing tips and get the right home loan for your home.
https://www.clix.capital/home-loan/
Why Is Now The Right Time To Buy A Home?Ajay Singh
A home loan is always the best way to make sure you handle your needs when buying a home in the right way. To make sure you cover up the expenses of turning your dream of owning a dream into a reality, you must use some amazing tips and get the right home loan for your home.
https://www.clix.capital/home-loan/
Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.
Granting of loans on life insurance policies, with some companies examples like LIC policies, Birla Sun Life insurance policy.
Also it includes pros and cons of taking loans against life insurance policies and on what type of policies people can take loans.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
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There is no set date for when Pi coins will enter the market.
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Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
3. Webinar Overview
• What is a life-related traditional premium finance loan
(TPFL)?
• Details of a life-related TPFL
• Securitization of life-related TPFLs
• Main considerations in rating a life-related TPFLs
securitization
• Q&A
3Securitization of Life-Related Traditional Premium Finance Loans
4. What Is A Life-Related
Traditional Premium
Finance Loan (TPFL)?
4Securitization of Life-Related Traditional Premium Finance Loans
5. A life-related TPFL is a cost-effective means to fund the
premiums of life insurance policies.
• Utilized by high-net-worth individuals for estate
planning
• Utilized by companies for business purposes
5Securitization of Life-Related Traditional Premium Finance Loans
What is a Life-Related TPFL?
6. What is a Life-Related TPFL?
General Loan Features
• Loan characteristics
– Covers, at a minimum, annual premium
– Includes lender’s commitment – Subject to lender’s
discretion
– Interest payment – Periodic interest payment
– Principal repayment – Bullet amount due at redemption
– Loan tenor – Various lengths
6Securitization of Life-Related Traditional Premium Finance Loans
7. What is a Life-Related TPFL?
General Loan Features (Cont’d)
• Use of loan proceeds
– Pay policy premium
– Refinance an existing loan
– Pay loan related fees and expenses
– Pay loan interest
7Securitization of Life-Related Traditional Premium Finance Loans
8. What is a Life-Related TPFL?
TPFL vs. Non-Recourse Premium Finance Loan (NRPFL)
8Securitization of Life-Related Traditional Premium Finance Loans
TPFL:
• Traditional loan
• Fully collateralized
• Build up cash value
• LE not required
• Subject to surrender
NRPFL:
• Non-Recourse loan
• Life policy trading
value in LS market
• Minimum cash value
• Requires LE
• Subject to foreclosure
10. Details of A Life-Related TPFL
Collateral Requirement
• Assignment of insurance policy*
– Death benefit
– Cash surrender value (CSV)
• Additional assets
– Cash
– Other liquid assets
*Assignee has the right to surrender the policy but not to take over the ownership
10Securitization of Life-Related Traditional Premium Finance Loans
11. Details of A Life-Related TPFL
Key Parties and Functions
• Originator/Lender
– Establishes premium finance loan program
– Works with insurance agents/brokers
– Works with insurance company
– Establishes underwriting procedures and guidelines for loan
origination process
11Securitization of Life-Related Traditional Premium Finance Loans
12. Details of A Life-Related TPFL
Key Parties and Functions (Cont’d)
• Borrower
– Usually an irrevocable life insurance trust for an individual, or
a master trust for a corporate entity; both cases a “Trust”
– The Trust is the owner of the life insurance policy
– All collateral is transferred to the Trust – Insulated from the
estate of the entity establishing the Trust
12Securitization of Life-Related Traditional Premium Finance Loans
13. Details of A Life-Related TPFL
Key Parties and Functions (Cont’d)
• Life insurance company
– Issues life policy
– Acknowledges and accepts the premium finance loan program
– Acknowledges the assignment of the policy to the lender
– Provides minimum CSV for a specific time period
13Securitization of Life-Related Traditional Premium Finance Loans
14. Details of A Life-Related TPFL
Key Parties and Functions (Cont’d)
• Other Credit Providers
– Utilized to provide additional required collateral other than
cash, e.g. letter of credit
– Normally highly rated financial institutions
14Securitization of Life-Related Traditional Premium Finance Loans
15. Details of A Life-Related TPFL
Repayment of Loan
• At insured’s death – Death benefit
• At loan’s maturity
– Direct payoff from borrower
– Borrower refinance
– Policy surrender (CSV + additional collateral)
• Borrower initiated refinancing
15Securitization of Life-Related Traditional Premium Finance Loans
17. Securitization of Life-Related TPFLs
Securitization of Life-Related Traditional Premium Finance Loans 17
Investors
Special-Purpose
Vehicle (SPV)
(Issuer)
Premium Finance
Originator
Other
Collateral
Note Proceeds
Payment
Sale of Loans/Participation Interest
Servicers
(Trustee,
Verification
Agent, etc.)
Borrowers
Life Insurers
Interest & Principal
Simplified Transaction Diagram
Life Insurance
Policies
Premiums
Interest Loans
18. Securitization of Life-Related TPFLs
Key Parties
• Premium Finance Originator/Lender
• Special Purpose Vehicle (SPV) - Issuer
– Acquires assets that collateralize the issued securities
– Issues securities
– Performs activities for servicing the transaction
• Investors
• Service Providers – Indenture trustee, calculation agent,
verification agent, etc.
18Securitization of Life-Related Traditional Premium Finance Loans
19. Securitization of Life-Related TPFLs
Transaction Summary
• Proceeds from the investors are used to purchase a pool of
premium finance loans or 100% undivided participation interest
in a pool of premium finance loans
• Collateral used to secure the loans are transferred to the SPV
and used to secure the issued notes
• Interest and principal payments to the noteholders are derived
primarily from (1) interest paid by the borrower and (2)
redemption of the loan
19Securitization of Life-Related Traditional Premium Finance Loans
20. Main Considerations In
Rating A Life-Related
TPFLs Securitization
20Securitization of Life-Related Traditional Premium Finance Loans
21. Main Considerations in Rating a Life-Related
TPFLs Securitization
Minimum Information Required
• Data for each premium finance loan showing:
– Loan information
– Insurance policy information
– Additional collateral information
21Securitization of Life-Related Traditional Premium Finance Loans
22. Main Considerations in Rating a Life-Related
TPFLs Securitization
22Securitization of Life-Related Traditional Premium Finance Loans
Minimum Information Required (Cont’d)
• Life policy collateral information
– Collateral assignment form
– Minimum CSV for each policy
– Assumptions used for calculation of CSV
– Effective period of the minimum CSV
– Notification requirement in the event of change in the cost of
insurance or expense charges
23. Main Considerations in Rating a Life-Related
TPFLs Securitization
23Securitization of Life-Related Traditional Premium Finance Loans
Minimum Information Required (Cont’d)
• Other collateral information
– Cash
– Other than cash
• Other securitization related documents
24. Main Considerations in Rating a Life-Related
TPFLs Securitization
24Securitization of Life-Related Traditional Premium Finance Loans
Key Rating Drivers – Quantitative Considerations
• Review cash flow sufficiency to service the notes and to pay
applicable operational expenses
• Review credit quality of the insurance carriers issuing the
underlying life policies
• Review credit quality of the credit providers providing
additional collateral
• Determine the weakest link which is used to benchmark the
maximum rating of the issued securities
25. Main Considerations in Rating a Life-Related
TPFLs Securitization
25Securitization of Life-Related Traditional Premium Finance Loans
Key Rating Drivers – Qualitative Considerations
• Insurers’ acknowledgement of the assignment of insurance
policies
• Collateral information provided by the insurance carriers and
credit providers
• Operational review
• Structural review
• Document review – Legal and Transaction related
26. Main Considerations in Rating a Life-Related
TPFLs Securitization
26Securitization of Life-Related Traditional Premium Finance Loans
Assign AM Best Rating
Rating assigned is Best’s Issue Rating (IR)
An opinion of the issuer’s ability to meet its ongoing financial
obligations to security holders when due
Rating Assignment
• Quantitative Considerations – Base Rating
• Qualitative Considerations – Final Rating
27. Main Considerations in Rating a Life-Related
TPFLs Securitization
27Securitization of Life-Related Traditional Premium Finance Loans
Rating Scheme
Base Rating:
Lowest Credit Rating of The
Collateral Providers
Qualitative Considerations:
Notching Applied to Base Rating for
Qualitative Concerns And Issues
Final Rating
28. Securitization of Life-Related Traditional Premium Finance Loans 28
Main Considerations in Rating a Life-Related
TPFLs Securitization
Rating
Categories
Rating
Symbols
Rating
Notches*
Category Definitions
Exceptional aaa - Assigned to issues where, in our opinion, there is an exceptional ability to meet the terms of the obligation.
Superior aa aa+ / aa- Assigned to issues where, in our opinion, there is a superior ability to meet the terms of the obligation.
Excellent a a+ / a- Assigned to issues where, in our opinion, there is an excellent ability to meet the terms of the obligation.
Good bbb bbb+ / bbb- Assigned to issues where, in our opinion, there is a good ability to meet the terms of the obligation; however, the issue is more
susceptible to changes in economic or other conditions.
Fair bb bb+ / bb- Assigned to issues where, in our opinion, fair credit characteristics exist, generally due to a moderate margin of principal and interest
payment protection or other issue-specific concerns that may be exacerbated by a vulnerability to economic changes or other conditions.
Marginal b b+ / b- Assigned to issues where, in our opinion, marginal credit characteristics exist, generally due to a modest margin of principal and interest
payment protection or other issue-specific concerns that may be exacerbated by an enhanced vulnerability to economic changes or
other conditions.
Weak ccc ccc+ / ccc- Assigned to issues where, in our opinion, weak credit characteristics exist, generally due to a minimal margin of principal and interest
payment protection or other issue-specific concerns that may be exacerbated by a limited ability to withstand adverse changes in
economic or other conditions.
Very Weak cc - Assigned to issues where, in our opinion, very weak credit characteristics exist, generally due to an extremely minimal margin of
principal and interest payment protection or other issue-specific concerns that may be exacerbated by a limited ability to withstand
adverse changes in economic or other conditions.
Poor c - Assigned to issues where, in our opinion, poor credit characteristics exist, generally due to an extremely minimal margin of principal and
interest payment protection or other issue-specific concerns that may be exacerbated by an extremely limited ability to withstand
adverse changes in economic or other conditions.
* Best’s Long-Term Issue Rating Categories from “aa” to “ccc” include Rating Notches to reflect a gradation within the category to indicate whether credit quality is near the top or bottom of a
particular Rating Category. Rating Notches are expressed with a “+” (plus) or “-” (minus).
Best’s Long-Term Issue Rating (IR) Scale
29. Securitization of Life-Related Traditional Premium Finance Loans 29
Main Considerations in Rating a Life-Related
TPFLs Securitization
Best’s Long-Term Issue Rating (IR) Scale
Long- Term IR Non-Rating Designations
Designation
Symbols
Designation Definitions
d Status assigned to issues in default on payment of principal, interest or other terms and conditions, or when a
bankruptcy petition or similar action has been filed and made public; or where the issuing entity has been
designated as impaired (e/f [ICR] or E/F [FSR] designations) or in default (d [ICR] designation).
s Status assigned to rated issues to suspend the outstanding IR when sudden and significant events have occurred
and rating implications cannot be evaluated due to a lack of timely or adequate information; or in cases where
continued maintenance of the previously published rating opinion is in violation of evolving regulatory
requirements.
nr Status assigned to issues that are not rated; may include previously rated issues or issues that have never been
rated by AMB.
30. Main Considerations in Rating a Life-Related
TPFLs Securitization
30Securitization of Life-Related Traditional Premium Finance Loans
Applicable AM Best rating methodology and criteria
related to this webinar can be found at
www.ambest.com
• The principal methodology used in assigning an issue rating is:
Best’s Credit Rating Methodology (BCRM) - Global Life and Non-
Life Insurance Edition
• The principal rating criteria used in this webinar to assign an
issue rating is: Rating Life-Related Premium Financing Loan
Securitizations