Products, Events and Ser vices Catalogue
Definitive insurance information for intelligent business decisions™
2017
w w w. m s a r e s e a r c h . c o m
WHO WE ARE AND WHAT WE DO
MSA Research Inc. is a Canadian-owned, independent and impartial analytical research
firm that is focused on the Canadian insurance industry.
MSA is the dominant provider of financial information relating to Canadian insurers.
Our reports and software are used by 90% of Canadian P&C insurers and many life
insurers, reinsurers, reinsurance brokers, commercial brokers, all broker associations, all
major audit/actuarial firms, equity research and investment banking shops, regulators,
governments, TPA’s, academics and many others.
MSA also offers extensive custom analysis and research facilities. With our in-depth industry knowledge, MSA’s advisory
services provide you with unparalleled insights into the Canadian insurance industry.
While we’ve tried our best to make this catalogue as descriptive and easy to read as possible, we recognize that you may still
have questions. We are always here to answer them. You can reach us anytime by calling 416 368-0777 or by emailing
[email protected].
MSA’s mission is to provide Canada’s insurance professionals with comprehensive financial information, unparalleled
analytical tools and rigorous research on a consistant basis.
Catastrophe Indices and Quantification (CatIQ) Inc. is a sister company to MSA. For more information please see page 19.
THE MSA RESEARCHER P&C AND LIFE/HEALTH PLATFORMS - THE INDUSTRY
GOLD STANDARD
The MSA Researcher Platforms are, by far, the market’s leading analytical engine, financial database, business-intelligence and
benchmarking tool for anyone interested in the Canadian P&C and/or Life/Health industries.
Definitive insurance information for intelligent business decisions.™
2
©2017 MSA Research Inc.
TOP REASONS WHY MSA RESEARCHER IS THE GOLD STANDARD
Unmatched Breadth
•MSA Researcher contains detailed financial information on over 98% of the Canadian P&C and
Life/Health Industry.
Unparalleled Depth
•The standard Researcher package comes with ten-years of detailed regulatory data, updates are released
every quarter.
•H istorical versions are also available with data going back to 1990 for P&C and 1996 for L/H.
Unrivaled Functionality
•Deep analytical dashboard features, collaboration tools, statement data and powerful querying and
benchmark creating features.
•Take data to Excel or PDF in seconds.
•Smart features like MSA’s Double Counting Prevention System (DCPS), loss ratio heat maps, 3mos, rolling 12
month analysis and many other tools streamline your analytical work and get you to the right answer quicker.
•Starting in 2017, MSA also offers a powerful Market Share Analysis Module for Researcher. You can get an idea
by looking at the following pages; or better yet, contact us for a demo.
Uncompromising Support and Training
•I t’s always about the customer and it’s always free!
MSA RESEARCHER PLATFORMS CONTINUE TO BE UPGRADED!
Last year, we unveiled a significant overhaul and feature upgrade to MSA’s long-standing MSA Researcher P&C and Life/Health
Platforms. Well, we haven’t stopped! In 2017, we are introducing a whole new batch of improvements that will make your life
easier and your work more productive. A summary of these enhancements can be found on the following pages.
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
3
MSA’S NEW MARKET-SHARE ANALYSIS MODULE FOR THE P&C AND
LIFE/HEALTH MSA RESEACHER PLATFORMS*
This extremely powerful new view provides you with unprecedented insights into market share information. Measure market
share for any line (or combination of lines) in any province (or any combination of provinces) for any set of companies,
composites or benchmarks, against any base (industry or otherwise) over five years. Do in minutes what would otherwise take
you hours, then easily export the results to Excel.
* MSA’s Market-Share Analysis Module is included with corporate packages and is also available as an add-on to individual licenses for an extra fee. Contact us for more information.
LINE-OF-BU SINESS SELEC TOR
Definitive insurance information for intelligent business decisions.™
4
©2017 MSA Research Inc.
REGION SELEC TOR
MARKE T-SHARE ANALYSIS GRID
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
5
NEW MSA RESEARCHER P&C AND LIFE/HEALTH FEATURES
MSA is pleased to announce the following new features that will be released in 2017:
Corporate group subtotals in queries
• Now you can easily see corporate group subtotals when you run queries. The subtotals employ MSA’s
proprietary DCPS technology to remove double counting
Smart 3-month, YTD or rolling 12-month data in statement view for composites
• Last year we introduced 3-month, YTD and rolling 12-month views for income pages for individual
companies. This year we’re extending that
functionality to composites (composites
are aggregations of individual
companies) so now you can analyze
whole swaths of the industry one
quarter at a time!
Definitive insurance information for intelligent business decisions.™
6
©2017 MSA Research Inc.
NEW MSA RESEARCHER P&C AND LIFE/HEALTH FEATURES
Nested Composites
• Now you can create composites of composites. MSA’s DCPS system will now ‘see-through’ the composites to
eliminate nested double counting.
Improved Field Group and Company Group Creation Interfaces
• Including powerful search and field name filtering to speed field group creation.
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
7
SUMMARY OF FEATURES
• Interface:
• Enhanced usability across all function areas allow you to navigate as never before. Quickly filter any list to narrow your searches.
Organize your objects (Company Groups, Field Groups and Calculated Fields) easily into categories. Batch move them, merge
them, copy, share or delete them and much more.
• Enhanced collaboration features between users - takes collaboration to a new level (site license only)
• Share: Easily bulk share/un-share objects such
as company groups, composites, field groups
and calculated fields with colleagues
within your organization. They will be
able to use them but not modify them
(read only basis), however they can
make their own copies
• Transfer: Yield control of selected
objects to colleagues and
they can work on them (the
objects will be shared back
with you on a read only
basis)
• Significant under-the-hood performance and stability enhancements
• Mobile-friendly features
• We are constantly working on new enhancements and features
Definitive insurance information for intelligent business decisions.™
8
©2017 MSA Research Inc.
P&C AND LIFE/HEALTH DASHBOARDS
Interactive multi-tab, multi-period and multi-dimensional dashboards covering all
analytical aspects.
On the next few pages, you’ll find screen shots from some (but certainly not all)
of the tabs. These will give you a taste.
Experience it fully by logging in.
P&C DASHBOARD
LIFE/HEALTH DASHBOARD
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
9
DASHBOARD - P&C
PR
OV
IN
Quickly analyze writings across
Canada or by province by LOB for up
to five companies, benchmarks or
composites
CI
AL
SP
LIT
LO
SS
RA
TI
O
HE
AT
MA
P
S
Choose up to five companies,
benchmarks or composites and quickly
analyze loss ratios by LOB by province
by using slider filters to dynamically
highlight and focus on higher
loss ratios for material lines of
business. Filter out immaterial
rows to swiftly find the hot
spots.
Definitive insurance information for intelligent business decisions.™
10
©2017 MSA Research Inc.
DASHBOARD - LIFE/HEALTH
KE
Analyze product sales by line
of business for the selected
period.
YC
OM
PA
RA
TI
VE
S
Graphically analyze up to five
companies or composites across ten
years across an array of metrics
such as DPW, Assets, Capital,
Benefits
MO
Graphically analyze a wide array of deductions
(Death, Maturity, Surrender, Lapse, Lapse Ratio,
Payment, Surrender etc. by product in a dollar or
number of policy basis for up to five companies
or composites.
View movement by product by province
for up to five companies or composites.
Analyze changes of in-force business
by provinces for the selected period
for the selected companies or
composites.
VE
ME
NT
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
11
ADDITIONAL FEATURES
Discrete Period Analysis
Ability to view 3mos, YTD or rolling
twelve month information for
selected statement pages.
Now available for both
individual companies
and user-generated
composites.
Enhanced documentation and tips for
every aspect of the platform.
Help information is currently only
available in English.
French explanations will be
added soon.
Definitive insurance information for intelligent business decisions.™
12
©2017 MSA Research Inc.
P&C ANALYSIS OF RESERVES
• Analyze LOB calendar-year, accident-year and margin/deficiency ratios for up to five companies,
benchmarks or composites
• Show summarized run-off data on a discounted or undiscounted basis for up to five companies,
benchmarks or composites
• View MSA’s proprietary accident-year runoff charts and data on a discounted or
undiscounted basis for up to five companies, benchmarks or composites.
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
13
QUERY INTERFACE
Query interface with quick filter
functionality and improved sorting
and sub-totalling.
HOW DO I GET MY HANDS ON THIS POWERFUL PLATFORM?
Your comments and feedback are always welcome. Don’t be shy, tell us what you think!
If you don’t yet subscribe and have questions or comments, contact us for a free demo by emailing
Tes Fekade at [email protected] or call (416) 368-0777 x23
Definitive insurance information for intelligent business decisions.™
14
©2017 MSA Research Inc.
TOOLS OF THE TRADE: MSA QUARTERLY P&C OUTLOOK REPORT
The report is read to by approximately 6,500 industry
professionals including most Canadian insurance/
reinsurance executives. It is available to association
members courtesy of our generous sponsors.
MS
OU A Q
TL
U
OO AR
K R TER
E P LY
OR
T
A quarterly analytical report covering the Canadian P&C Industry, with
each issue containing insightful, thought-provoking research pieces
covering various aspects of the industry. In addition to the articles,
each issue also contains updated summary financial results for
Canada’s insurers and updated DBRS Ratings.
HOW TO GET YOUR HANDS ON IT
Economical Insurance who graciously sponsors the report to all member
brokers of:
Not yet a subscriber? Email Tes Fekade
at [email protected] or
call (416) 368-0777 x23 to gain access
to this valuable report.
For recent issues, please visit
www.msaresearch.com/outlook
Lloyd’s who graciously sponsors the report to all TIC Brokers.
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
15
TOOLS OF THE TRADE: MSA REPORT (P&C) REPORT
P&
RT
Key Features:
• Five years of detailed financial information
• Three-page financial reports covering every aspect of each insurer
• Multi-Year averages and growth measures
• Extensive corporate profile and contact information
Primary Uses:
• Individual company & market analysis
• Financial strength & solvency trend analysis
C
The MSA Report provides a wealth of financial information on the overwhelming
majority of Canada’s P&C insurers. An essential tool for anyone following the industry.
PO
2 017
20
17
MS
A
RE
2017
MSA Code
ABC Insurance Company
PCC999
Exhibit 4
ABC Insurance Company
Key Company Information
Actuarial Firm:
Appointed Actuary:
Audit Firm:
PWC
External Auditor:
Ms. D. Woodruff, Partner
Key Information
1999
2000
2001
2002
2003
37
32
27
Traded As:
Jul-03
Apr-04
Oct-03
Jan-04
Jul-02
Apr-03
Jan-02
22
Key Financial Indicators
C
(2)
(3)
4.0
43.5
38.0
37.9
47.7
41.7
(14.4)
52.6
43.6
35.6
13.5
35.5
C
(4)
75
168
171
192
191
162
(5)
(6)
142
339
359
396
302
305
C
Assets
Exhibit 3
Cash &
Inv.
Income
Due
CY % Tot
Liabilities
& Capital
2.04
(1.4)
Payables
(15)
1999
2000
2001
2002
2003
CY % Tot
Statement of
Income
CAGR
5,582
11,273
23,344
28,507
16,553
2.52
31.2
Direct
(30)
1999
2000
2001
2002
2003
CY % NPE
CAGR
87.6
86.1
65.6
61.1
61.9
63.2
(7)
(8)
(9)
28.3
57.0
63.8
78.2
52.7
56.0
1.5
6.1
8.0
11.9
7.4
8.0
37.1
18.8
21.2
21.7
28.9
25.0
(10)
(11)
103.1
30.9
0.0
0.0
0.0
24.0
(12)
4.5
9.3
8.8
5.3
5.5
6.5
(13)
(14)
157.9
251.6
220.0
180.3
158.4
185.0
79.7
92.1
102.0
102.8
101.2
96.9
Receivables
Investments
Other
Mort.
Pref &
Other
Subs and
Agents & PH and
Loans
Common Investmnts Brokers Instalment Insurers,
Affil
Shares
Prems FA & PRR
(15)
1.6
13.7
-13.4
21.1
22.9
10.3
(16)
7.4
27.8
-7.4
8.4
9.2
8.2
137.8
318.7
273.0
190.4
134.0
192.6
(17)
(18)
(19)
(4.8) 114.9
33.1 113.4
17.3 127.9
34.5 108.5
28.6
86.7
99.8
25.6
Recoverable Inv. in subs, DPAE &
from
affiliates &
Other
Reinsurers
own-use
Real Estate
Other
After
Tax
(6)
(7)
26.1
30.1
35.1
44.8
52.0
Total Assets
0.0
0.0
0.0
0.0
0.0
0.0
(3)
(4)
23.9
26.5
26.4
24.4
20.7
23.9
23.9
26.5
26.4
24.4
20.7
23.9
To Un-affiliated
Un-Reg.
Total
(6)
(7)
120
57
-34
80
50
(3)
(5)
56,110
5,935
0
0
0
0.00
0.00
(6)
0
0
0
0
0
17,722
19,487
34,922
56,094
57,588
(7)
(8)
927
421
1,165
2,449
2,484
6,342
9,502
6,046
7,032
16,470
0.38
27.9
2.50
26.9
(9)
(10)
(11)
292
4,586
8,602
591
131
2,570
6,601
4,697
3,555
2,155
(12)
98,802
145,980
169,432
145,244
151,987
Balance Sheet &
Income Statement
56.85
24.9
Unearned
Premiums
(16)
(4)
0
0
0
0
0
5-Yr
Liabilities
Unpaid Unearned
Claims
Comm.
(17)
55,480
87,857
127,582
183,944
202,486
200,263
238,880
273,605
228,088
283,356
30.78
38.2
43.08
9.1
Premiums Written
Assumed
Ceded
(31)
(32)
(18)
0.00
Other
(19)
1,395
2,960
5,165
8,138
6,666
1.01
47.9
15,313
20,862
18,554
29,470
29,854
4.54
18.2
Net
Net
Premiums
Earned
(33)
(34)
8.75
34.3
Total
(20)
0.33
(4.3)
(21)
(22)
(23)
(24)
278,033
361,832
448,250
478,147
538,915
0
0
0
220
0
43,007
43,007
43,007
43,007
43,007
0
0
12,958
12,958
12,958
2,489
5,537
6,163
4,730
0
81.93
18.0
0.00
6.54
0.0
1.97
0.00
Acq.
General Total U/W U/W
Net
Claims Expenses Expenses Expenses Income
& Other
and Adj.
Expenses
(35)
23.11
11.4
0.02
(18.2)
Sub Debt
Capital Elements
& Def
Reg.
Share
Cont.
Other Retained
Taxes
Capital Surplus/ Capital Earnings Reserves
Issued & H.O. Acct Elements
Paid
(36)
(37)
(38)
98,110
147,277
207,265
283,483
320,491
3,710
8,050
15,761
18,879
22,544
48,172
78,338
116,793
155,871
126,660
53,648
76,989
106,233
146,491
216,375
47,951
55,198
76,540
112,438
191,481
36,604
42,040
85,279
69,082
117,042
16,285
16,692
18,742
22,877
38,335
2,600
2,699
3,090
5,987
5,504
55,489
61,431
107,111
97,946
160,881
167.37
34.4
11.77
57.0
66.15
27.3
113.00
41.7
100.00
41.4
61.12
33.7
20.02
23.9
2.87
20.6
84.02
30.5
(39)
(7,538)
(6,233)
(30,571)
14,492
30,600
15.98
(25)
26,221
(2,739)
(58)
15,355
62,718
(26)
14,137
27,401
14,097
18,090
184
0.03
(66.2)
(13)
0
0
0
0
0
(2)
0.00
(14)
363,887
435,038
524,417
572,507
657,782
13,185
14,281
26,698
34,323
39,575
6.02
31.6
Total
Equity
Stat.
Surplus/
Adj.
Equity
(27)
(28)
100.00
16.0
Total
Liabilities
and Equity
Comm Taxes
(3)
14.4
5.2
15.0
3.7
11.3
9.7
(4)
13.4
13.0
11.4
9.5
9.2
10.5
5-Yr
8.1
7.9
7.0
5.2
4.6
5.9
17.25
12.1
18.07
8.5
Other
Income
Net
Income
Before
Tax
Net
Income
100.00
16.0
Dividends
Declared
/Trans to
(from) H.O.
(40)
(41)
(42)
(43)
(44)
10,000
20,397
21,360
15,360
18,910
(6)
6,568
356
(1,951)
(11,024)
9.88
17.3
(5.76)
554.7
2,456
20,732
(8,855)
27,901
38,486
1,426
10,878
(9,997)
17,973
24,436
20.10
99.0
12.76
103.5
C
5,000
25,000
0
0
0
0.00
(9)
20.5
19.5
23.5
23.3
16.2
20.4
(10)
(11)
47
50
52
52
37
47
61
47
38
15
7
27
(12)
51.3
55.3
52.9
50.4
57.1
53.4
(13)
(14)
69
76
76
88
70 111
(4)
61
48
61
45
72
©2017 MSA Research Inc.
1.6
13.7
(13.4)
21.1
22.9
10.3
(15)
2
2
(7)
11
13
5
70
90
91
26
55
60
(6)
5.4
4.9
4.0
5.3
2.9
4.1
(17)
Mgmt.
Fees
IT
H.O. Overhead
Occ.
Prof. Fees,
Reg &
Bureaus
Other
Total
(8)
(9)
(10)
(11)
(12)
(13)
(14)
11.7
7.6
5.5
5.6
3.9
5.8
(2.2)
(0.4)
(0.3)
(1.1)
(0.9)
(0.9)
Tot U/W
Salaries
Exp.
(7)
115.7
111.3
139.9
87.1
84.0
99.8
12.5
9.3
6.1
5.6
6.2
7.0
0.0
0.0
0.0
0.0
0.0
0.0
0.8
0.3
0.3
0.1
0.3
0.3
1.9
1.4
0.9
0.9
0.6
0.9
0.3
(0.7)
(0.5)
1.5
0.8
0.5
Surplus
L/R
Auto
(16)
(17)
16.0
10.1
7.3
8.4
8.0
9.0
23.2 (15.0)
7.6
(1.5)
16.6
6.2
9.4
(6.2)
11.8
6.7
7.7
9.6
Net
L/R
NPW
Net
L/R
NPW
Net
L/R
NPW
Net
L/R
NPW
Net
L/R
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
(15)
(16)
(17)
0
0
0
0
0
0.0
121
124
61
75
66
21/100
71
C
Com. Prop
700
0
0
999
0
0/100
650
C
Liability
Surety
Boiler
Other
Major Lines
9,222
81
17,784
162
11,217
231
19,275
44
61
39,993
18.5 19/100
44.3
C
101
19,142
73
26,354
27
32,431
74
52
56,969
83,946
50
38.8 31/100
C
44.7
C 53
324
242
255
1,397
2,355
1.1
64.2
C
12,966
113
20,690
85
41,765
78
32,072
78
25,607
91
11.8 21/100
C
18.5
85
(18)
(17)
202
85
29
0/100
45
10,674
8,933
9,779
12,943
18,317
8.5
14.5
Total
59
69
135
71
57
PEI
NS
(1)
(2)
(3)
3.5
3.7
4.2
5.2
5.9
76
76
111
61
61
Liab
(22)
80
106
75
10
38
49
QC
ON
MB
SK
AB
BC
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(19)
(20)
5.4
23.8
13.8
26.8
9.9
15.9
12.0
10.6
8.1
7.3
7.2
8.2
(11)
(13)
(14)
53,648
76,989
106,233
146,491
216,375
100.0
61.1
41.7
7.4
8.1
8.4
8.6
8.8
1,338
745
9,040
15,958
438
(503)
6,287
12,461
197
6,422
204
1,858
299
17,133
29,989
626
(855)
6,310
10,218
316
10,454
3,051
CY % Tot
1.41
62.0
30.7
326
2,297
42,903
1,917
860
10,602
17,063
492
2,958
2,286
21,308
64,107
2,820
1,466
16,385
18,537
639
4,269
3,317
31,741
98,197
5,952
2,429
26,493
24,071
0.30
28.2
30.7
1.97
76.3
33.6
1.53
30.5
45.3
14.67
65.5
36.9
45.38
89.7
57.5
2.75
54.3
92.0
1.12
16.3
12.24
61.1
43.3
17,664
Exhibit 9
11.12
(27.4)
17.9
1,040
9,118
759
13,624
753
15,463
0.35
165.3
39.8
7.15
36.9
24.6
03
02
Oth
Boiler
Surety
Liab
Com P
Pers P
Auto
0%
Total
(12)
YT/NT/NU Out of CN
219
1,523
Other Total
(18)
12.8
4.3
(1.1)
(3.6)
3.2
2.2
100 100/100
41.7
72
9/100
75
Geographic Dist.
NB
437
13%
27%
40%
% NPW
03
02
Out
West
ON
QC
East
0%
17%
33%
50%
Analysis of Direct Auto Writings (DPW in millions)
NB
QC
NFLD
PEI
NS
ON
MB
SK
AB
DPW DLR DPW DLR DPW DLR DPW DLR DPW DLR DPW DLR DPW DLR DPW DLR DPW DLR
0.2
-1
(0.0) 228
0.2 137
0.3
67
0.8
61
1.38 1/100
1
72
53,648
76,989
106,233
146,491
216,375
Territorial Distribution of NPW - All Lines
NFLD
(2)
49
57
64
74
60
63
% NPW
NPW
(1)
46
79
32
-53
77
42
NPW by Major Line
Net
L/R
920
(21)
(20)
48
41
43
16
27
32
Net Commission Expense % NPE
(excl. contingent commissions)
Prop
(15)
NPW
Pers. Prop
1,749
133
114
101
101
103
108
Excess
Facultative
L/R EP %Tot L/R
(19)
129
999
999
302
0
999
Net
L/R
CAGR
65
33
17
19
18
26
EP %Tot
(18)
0
1
0
(0)
0
0
3.5
1.9
1.4
1.5
3.4
2.4
1,046
CY % Tot
5-Yr
EP %Tot
100
133
-195
-32
12
60
NPW
CY NLR
(18)
(17)
15
15
5
7
18
12
Prems Ceded by Treaty Type
(16)
Net
L/R
1,320
2,986
10,786
23,835
46,157
21.3
143.2
(16)
0.0
Share
L/R
Loss/Exp/Comm
Other
(5)
(3)
0.0
0.0
0.0
0.1
0.1
0.16
0
(4)
(5)
0.2
0.1
0.4
1.7
111 2.1
0/100 3.80
151
5
112
7
767
102
Out
BC
YT/NT/NU
DPW DLR DPW DLR DPW DLR
Prov. Auto Dist.
(6)
(7)
0.1
0.1
0.3
0.6
35 1.1
2/100 1.91
51
2
-52
255
101
57
(8)
(9)
0.6
1.6
3.6
4.9
6.4
69
2/100 11.66
17
92
16
362
202
68
(10)
(11)
1.9
2.8
7.6
15.8
37 30.7
7/100 55.80
47
59
26
(12)
36
54
49
41
97
64
51
78
65/100
70
(13)
0.2
0.2
0.4
0.9
1.1
2.04
3
(14)
-6
24
74
36
110
4/100
72
(15)
(16)
0.1
0.1
0.2
0.2
0.3
0.47
1
0.4
0.6
2.3
7.0
11 11.3
0/100 20.59
19
22
-6
(17)
(18)
138
10
55
31
86
37
59
58
18/100
62
Definitive insurance information for intelligent business decisions.™
16
2.8
26.1
(11.9)
32.8
36.1
18.6
1999
2000
2001
2002
2003
1999
2000
2001
2002
2003
(15)
General & Acquisition Expense Categories % of NPW (ex. Comm.)
Gen.
Exp.
Exhibit 8
363,887
435,038
524,417
572,507
657,782
Net Inv.
Income
9.53
24.4
CY % Tot
(29)
85,854 71,717
73,206 45,805
76,167 62,070
94,140 76,270
118,867 113,451
90.0
98.7
105.7
61.9
63.2
76.4
(14)
NPW
Auto
1999
2000
2001
2002
2003
76.3
76.2
111.4
61.4
61.1
72.4
(13)
Loss, Expense & Commission Ratio Analysis
Adj
Exp
(1)
Exhibit 7
(2)
153,720
212,378
261,634
301,979
373,941
129.4
133.8
134.3
87.6
86.1
103.8
(12)
Ceded to
Loss Ratios
Unreg %
Quota
of Ceded
of
Net Gross
EP %Tot
(%WP)
Ceded
Total
L/R
(8)
0.4
1.4
1.3
1.6
0.4
1.0
20.1
18.1
22.3
21.7
15.8
19.4
84
Ratios % of NPE
Pure Inc.
Losses
62.0
71.0
96.4
57.8
49.8
62.7
(11)
Reinsurance
Reg.
(5)
Exhibit 6
1999
2000
2001
2002
2003
115.7
111.3
139.9
87.1
84.0
99.8
Calendar Accident
After Tax
Pre-Tax
Year
Year
('03 Est.)
Analysis of Reinsurance Ceded
(2)
48,172
78,338
116,793
155,871
126,660
525,834
5-Yr
(10)
Reinsurance Ceded % GPW
To Affiliated Insurers
un-Reg.
Total L/R
Reg.
(1)
1999
2000
2001
2002
2003
Accident
Year
(9)
(7,538)
(6,233)
(30,571)
14,492
30,600
750
22.9
36.1
Calendar
Year
(8)
Divers.
Score
Layout of individual company exhibits
contained in the MSA Report and the
MSA Benchmark Report.
CAGR
14,217
15,867
11,221
21,240
13,451
(16.5)
(36.1)
35.5
22.9
32.9
12.1
1=Low
Balance Sheet & Income Statement
Fixed
Income
Assets
(5)
Diversification
Score (1-10)
(1)
1999
2000
2001
2002
2003
Inv.
Yield
inc. Inv
income)
(1)
(4)
Total
Premiums
Ceded
Supplementary Ratios
Reins
Liab/
Cash 2-Yr
Net ROE 1 yr
Liquid Loss
Dev % Recov. to Flow COR
Assets Res. to
Equity Equity from Op
('03 dev
to NPW
Equity
Regulatory/Solvency
Equity
5-Yr
Inv.
Risk
Ratio
g
OUT of OSFI Range
Diversification
Score (1-100)
Earl y Warnin g Indicators
U/W Leverage Change Rec from Surplus Equity/
Liab
Net
Gross in Equity Agents & Relief
Subs % Ratio
Change Change
MAT in NPW in GPW
29.6
10.7
10.2
12.4
213.8
(3)
Exhibit 5
Exhibit 2
1999
2000
2001
2002
2003
Accident
Year
(2)
5-Yr
Mr. D. Smith, President and C.E.O.;
MCT
Calendar Accident
Pre-Tax
Year
Year
Calendar
Year
91.3
84.0
9,795
30,600
For additional profile information, please see the 'Profile' section at the end of this book. For more financial data on this company, please refer to the MSA Researcher software package.
Liquidity Ratios
[Pre-Tax impact
of discounting Cash Quick Current
] / NPE
(inv assets (inv assets
(11) - (4)
@ MV)
@ MV)
ROE
Combined Ratio
U/W
Income
Profitability/Liquidity
(1)
Oct-02
Stock
Org Type:
OSFI
Panel II
Undiscounted, as reported '99-'02
Loss Ratio
ROE
Combined Ratio
U/W
Income
47
42
Apr-02
Tel:
Fax:
Ownership:
Other
License:
Federal
Broker
Primary Regulator:
Distribution:
Ultimate Parent:
Profitability and Liquidity Measures
Discounted, as reported '03
Loss Ratio
Panel I
Jan-03
Exhibit 1
(19)
0.2
0.4
0.7
0.7
1.0
1.85
3
(20)
(21)
0.2
0.1
0.0
0.0
35 0.2
1/100 0.35
62
0
224
45
37
80
(22)
(23)
0.1
(0.1)
0.0
0.0
90 0.0
0/100 0.00
56
0
36
Total
DLR
DPW
(24)
(25)
(26)
999
4.3
6.0
15.7
32.3
55.0
100
113.3
106
50
78
57
66
8
999
67
-999
216
999
-999
-1/100
999
100/100
66
TOOLS OF THE TRADE: MSA BENCHMARK REPORT
20
A
HM
NC C
BE P&
A
T
MS OR
17 REP
The MSA Benchmark Report is a powerful benchmarking tool, providing
comparative statistical information and analysis on forty-three industry composites.
2017
Key Benefits:
• Five years of easy to access financial information on every industry sector
•
Insurers included in each composite are explicitly listed
• Detailed exhibit explanations
Primary Uses:
•
Policymaking & reference
• Benchmarking & peer group analysis
• Market & performance analysis
2017
RK
ABC Insurance Company
Exhibit 10
Analysis of Investments
Book
Value
Market
Value
Book
Value
Market
Value
(2)
(3)
(4)
(5)
(6)
138,353
0
0
195,996
199,918
0
0
265,351
0
0
(9)
(10)
(11)
(12)
(13)
56,110
73,943
0
0
197,954
212,296
14,342
0
5,935
14,143
0
0
201,931
214,061
12,130
0
0
0
0
0
0
257,883
265,351
7,468
0
0
0
0
0
0
0
0
299,850
314,235
14,385
0
0
0
0
0
0
0
0
373,941
386,163
12,222
100.0
0.0
100.0
100.0
0.0
0.0
0.0
0.0
(2)
0.0
0.0
0.0
(14)
(3)
(4)
Provisions
(5)
368
308
299
213
140
226
All
Total
Other
(6)
(7)
(8)
110
76
15
17
26
30
137
142
180
133
96
131
236
209
178
122
94
141
Total
IBNR
%
C&S
(17)
(18)
27
0
0
0
0
Exhibit 12
0
25
12,645
0
28
10,318
0
17
26,645
0
35
20,016
0
18
Auto
Liab
Auto
PA
(13)
(14)
Auto
Oth.
Boiler
All
Other
Inv. Inc.
on UPC
(10)
(11)
(12)
(16)
(17)
(18)
(19)
43,972
69,241
38.8
5,672
-256
94
283
1,140
-2,134
491
28,549
86,689
24.8
2,043
-1,939
-165
1,162
8,981
1,876
765
38,672
97,871
28.3
-4,693
-725
102
157
3,502
-927
-2,002
58,406
79,117
42.5
3,737
-3,849
3
2,644
4,495
153
-777
112,556
67,140
62.6
41.4
3,594
10,353
-685
-7,454
-2,152
-2,118
243
4,489
3,409
21,527
742
-290
-1,095
-2,618
IBNR/
UPC
Prop
Liab
(15)
Total
%
NPE
%
C&S
1 yr.
Dev
(20)
(21)
(22)
(23)
5,290 11.0
6,407
7.4
3.7
12,723 23.0 27.8
11.2
-4,586
-6.0
-7.4
-4.0
6,406
5.7
8.4
4.7
10,463
5.5
9.2
7.6
Total
Internal
External
(2)
(3)
(4)
(5)
695
1,377
2,457
2,832
5,964
6,203
1,472
9,023
1,277
15,675
6,898
2,849
11,480
4,109
21,639
13,325
33,650
46,975
1.45
2.49
3.21
2.52
3.11
2.76
12.94
2.67
11.79
1.14
8.19
6.96
External Adj. Exp. Pd. % Claims Pd.
Net Internal Adj. Exp. Incurred as % of Claims Incurred
Adj. Expenses
External
(1)
Total
Salaries
(6)
(7)
14.39
5.16
15.00
3.65
11.30
9.71
Exhibit 13
Mgmt.
Fees
IT
Inspect & In.
Occ.
Prof
Fees
Other
Total
(8)
(9)
(10)
(11)
(12)
(13)
(14)
1.6
2.8
2.3
3.0
3.4
2.8
(0.4)
(0.2)
(0.5)
(0.6)
0.1
(0.3)
0.2
0.3
0.1
0.1
0.3
0.2
0.0
0.0
0.0
0.0
0.0
0.0
0.3
0.6
0.5
0.7
0.8
0.6
0.1
(0.7)
0.2
0.3
0.4
0.2
0.2
0.5
0.3
0.6
0.2
0.4
Adj+App
Legal
Other
Gross
Gross
Gross
Gross
Net
(15)
(16)
(17)
(18)
(19)
1.9
3.3
2.9
4.1
5.1
3.8
3.8
4.4
2.6
3.9
4.3
3.7
4.1
4.8
3.2
4.9
5.3
4.4
Total Paid
0.3
0.4
0.6
1.0
1.1
0.7
8.2
9.6
6.4
9.9
10.7
8.8
1999
(1)
(2)
Undiscounted
Run-off
Developed Through
2001
2000
(3)
2002
2003
(5)
(6)
(4)
1998
1999
(7)
(8)
Cumulative margin (def)
of developing unpaid claim provisions. $
amounts reflect the opening unpaid claim
provisions for the accident-years.
(9)
(10)
14.2%
11.2%
113,213
137,232
2002
2003
(11)
(12)
12.8%
12.0%
-4.0%
115,238
-0.1%
3.0%
1.0%
131,555
Developed Through
2000
2001
3.7%
141,306
13.9%
13.9%
2.4%
4.6%
136,543
137,232
179,696
2000 Accident-Year
Case
2001 Accident-Year
IBNR
Dev (right axis)
2002 Accident-Year
2003 Accident-Year
Accident-Year
NA
NA
NAExhibits
Incurred
Discounted (ex. Inv inc.)
79
80
67
60
98%
112
%
Beg. Unpd
Developed
20
31
95%
Margin
0
19
2002
50%
89%
106
82%
%
66%
58%
2003
2003
Incurred
127
121,098
69,599
90%
100
74%
%
55
40
43
48,505
42,981
5,524
% Dev
107
Beg. Unpd
82,737
87
IBNR
67
67,611
Case
47
15,126
27
2003
11.39%
Undiscounted
Incurred
$millions
112%
43,179
Beg. Unpd
37
106%
30
100%
23
29,188
2001
2002
89%
2003
62
112%
52
Margin
(1,285)
% Dev
-4.40%
100%
32
36,929
2001
2002
89%
2003
Margin
298
% Dev
0.81%
Incurred
Incurred
84
112%
71
80,935
Beg. Unpd
106%
58
Developed
36,631
95%
22
12
2000
54,465
Beg. Unpd
106%
42
Developed
30,473
95%
16
Incurred
13.8%
11.4%
0.5%
3.6%
3.0%
179,696
Paid
Accident-Year Exhibits
1999 Accident-Year
2000
10.1
11.3
9.5
10.8
13.1
11.0
Claim Runoff Exhibits
Discounted (excluding investment income)
1998
Exhibit 14
9
1999
HOW DO I GET MY HANDS ON THESE REPORTS?
Analysis of Adjustment Expenses
% NPE
Net Adj. Expenses Incurred
44
(19)
17,727
Adequacy of Claim Provisions - Margin (Deficiency)
Total
Case
(9)
Internal
& prior
& prior
& prior
& prior
& prior
& prior
Pref
Shares
(16)
(15)
15.1
7.8
4.9
8.1
7.1
UPC/Adequacy
Liab Boiler
191 999 999
143 999 999
50 278 208
92 (229)
20
16
108
38
101
53
46
Accident
Years
Non Inv Grade @ BV
Bonds
Analysis of Outstanding Loss Provisions
Auto Auto Auto
Liab PA Oth.
(1)
1998
1999
2000
2001
2002
2003
(8)
(7)
0
314,235
140
138
169
95
79
112
5-Yr
Unrec.
Gain
Market
(Loss)
Value
Book
Value
0
Net Unpaid Claims % NPE
1999
2000
2001
2002
2003
Market
Value
0
Exhibit 11
5-Yr
Book
Value
386,163
Prop
1999
2000
2001
2002
2003
Market
Value
373,941
100.0
CY % Tot
Book
Value
299,850
257,883
Est. TaxAdjusted Foreign Pay
Mark-to- Securities %
Invest. @
Market
MV
Impact on
ROE
Total
Investments
Book
Value
141,844
Panel III
Real Estate &
Other
Common
Market
Value
(1)
1999
2000
2001
2002
2003
Pref Shares
Mortgages
% Vested
Bonds & Term
Deposits > 1 Yr
100%
45
53,331
Developed
53,573
32
95%
19
2001
89%
2002
2003
Margin
(242)
% Dev
-0.45%
79
67
112
%
Beg. Unpd
106
%
100
%
Developed
43
31
95%
Margin
19
2002
89%
48,505
42,981
5,524
2003
% Dev
11.39%
For more information or to find out how you can gain access to this
valuable resource, please contact Tes Fekade at:
[email protected] or call (416) 368-0777 x23
38,361
Incurred
127
69,599
55
Paid
The MSA Report and MSA Benchmark Report are bundled with MSA’s
P&C Researcher Software Platform or can be purchased separately.
121,098
107
Beg. Unpd
82,737
87
IBNR
67
67,611
Case
47
15,126
27
2003
Paid
38,361
To find out more, please contact Tes Fekade to arrange a free on-site or web-based demonstration
(416) 368-0777 ext.23 or [email protected] or visit us online: www.msaresearch.com
17
TOOLS OF THE TRADE: MSA MARKET SHARE REPORT
Key Features:
• Companies ranked on a consolidated group basis
• Up/Down arrows quickly identify changes in rankings from prior year
Primary Uses:
• Easily identify your market positions and those of your competitors
• Quickly analyze potential markets
• Review top players and their performance in any market
segment
20
SH 17
AR MS
ER AM
EP AR
OR KE
TP T
&C
The MSA Market Share Report provides valuable market share and ranking
information for every line of business in every province over a five year period.
2017
HOW DO I GET MY HANDS ON THESE REPORTS?
The MSA Market Share Report is bundled with MSA’s P&C Researcher
Software Platform or can be purchased separately.
For more information or to find out how you can gain access to this valuable resource, please contact:
Tes Fekade at [email protected] or call (416) 368-0777 x23
Definitive insurance information for intelligent business decisions.™
18
©2017 MSA Research Inc.
2017
For more information
please contact:
Carolyn Rennie
Managing Director, CatIQ Inc.
(416) 368-0777 x28
[email protected]
www.catiq.com
Catastrophe Indices and Quantification Inc. (CatIQ) delivers detailed analytical, insured loss estimates and
meteorological information on Canadian natural and man-made catastrophes.
Key Features:
• Canada’s most comprehensive database of Catastrophes and Notable Events1 since 2008
• Aggregated insured loss estimates for Catastrophes by line of business which allow advanced benchmarking
for primary insurers using CatIQ’s Query View and report based Analysis Dashboard
• GIS mapping technology to identify catastrophe footprints, meteorological metrics, affected postal codes
and other data feeds
• CatWATCH Alerts identify, track and monitor evolving situations which may cause catastrophic damage
• Unrivaled industry support, along with meteorological insight, makes CatIQ Canada’s cat data
provider - designed by the industry for the industry
1 Notable Events (NEs) are designated events that cause insured losses estimated between $10 million and $25 million to the industry. NEs do not meet CatIQ’s CAT threshold of $25 M.
19
MSA AND CATIQ - CONFERENCES & EVENTS
MSA and CatIQ also organizes several significant insurance focused events throughout the year, including:
National Insurance Conference of Canada (NICC) - www.niccanada.com
October 1-3, 2017 - Quebec Hilton, Quebec City
The NICC is Canada’s pre-eminent annual property & casualty insurance conference.
2018
CatIQ’s Canadian Catastrophe Conference
CatIQ’s Canadian Catastrophe Conference (C4) - www.catiq.com/c4
Jan 31-Feb 2, 2018 - Hilton Lac-Leamy, Gatineau-Ottawa
C4 is a content-driven discussion working to foster collaboration before, during and after catastrophic events.
International Cyber Risk Management Conference (ICRMC) - www.icrmc.com
April 11-12, 2018 - Metro Toronto Convention Centre
The ICRMC brings together an unparalleled gathering of professionals, expertise and timely content that
represents the broad spectrum of the global cyber risk challenge.
Canadian Insurance Financial Forum (CIFF) - www.msaresearch.com/ciff
May 30, 2018 - Metro Toronto Convention Centre
The CIFF is an intensive one-day financial conference focused on the issues affecting actuarial,
accounting, finance, analysis and investment professionals in the Canadian P&C insurance industry.
133 Richmond St. W., Suite 605, Toronto, ON, Canada M5H 2L3 - T: (416) 368-0777 - E: [email protected]
www.msaresearch.com
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©2017 MSA Research Inc.