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ASP Exam I Readings

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B. Philippine Practice and Regulation for Non-Life Insurance Products 

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  • Insurance Commission, Insurance Memorandum Circular No. 4-2006, Compulsory Motor Vehicle Liability Insurance (CMVI) Coverage. July 26, 2006 [in Download 1]
  • Insurance Commission, Insurance Memorandum Circular No. 24-2006, Strict Implementation of the Minimum Rates for Earthquake and Fire and Shock and Typhoon and Flood. May 26, 2006. Link [also in Download 1]
  • Insurance Commission, Insurance Memorandum Circular No. 29-2006, Strict Implementation of the Minimum Rates for Earthquake and Fire and Shock and Typhoon and Flood. July 27, 2006. Link [also in Download 1]
  • Insurance Commission, Insurance Memorandum Circular No. 39-2006, Strict Implementation of the Minimum Rates for Earthquake and Fire and Shock and Typhoon and Flood. December 7, 2006. Link [also in Download 1]
  • Insurance Commission, Insurance Memorandum Circular No. 8-2007, Maximum Commission Rate for Policies with a Single Composite Rate. April 23, 2007. Link [also in Download 1]
  • Insurance Commission, Insurance Memorandum Circular No. 30-2010, Strict Implementation of the Minimum Rates for Natural Perils or Acts of Nature (AON) Endorsement on Motor Car Insurance Policies. October 26, 2010. Link [also in Download 1]
  • Insurance Commission, 2017 Nonlife Annual Statement Template [in Download 1]
  • Insurance Memorandum Circular 68-2016 Amended Risk-Based Capital (RBC2) Framework, Dec. 28, 2016. Link
  • Friedland, Jacqueline, et al, Estimating Unpaid Claims Using Basic Techniques, Casualty Actuarial Society, 2010 – Chapters 1-9
  • Insurance Commission,Circular Letter No. 18-2018, Valuation Standards for Non-Life Insurance Policy Reserves Link
  • ASP Practice Guide (PG2018-1) Non-Life Claims Liabilities, Actuarial Society of the Philippines Download 2
  • Society of Actuaries of Ireland, The Role of Actuaries in Non-life Insurance Business. February 2004
  • Hidalgo, Augusto P., Role of the Pricing/Reserving Actuary in a Non-Life Company from a Management Point-of-View. Nov. 12, 2015.  Download 3