sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
September 05, 2012 12:00:00 AM
  Follow @ Twitter

Fiji’s insurance industry reported another year of strong performance in 2011 despite the high economic losses recorded globally, according to Reserve Bank of Fiji’s 2011 Insurance Annual Report tabled Prime Minister and Minister for Finance, Commodore Voreqe Bainimarama on August 28.

In the report, Governor Barry Whiteside attributed the strong form by the local industry to stable investment income and the notable absence of severe catastrophes during this period.

Whiteside said domestic insurance industry recorded a growth of 6.4 per cent in gross premiums to $221.2 million, a higher growth compared to 0.9 per cent in 2010.

He said improvement was noted in the solvency surplus of both the life and general insurance sectors in 2011.

The introduction of micro-insurance was further enhanced as part of the national initiative to promote greater financial inclusion through the provision of affordable insurance plans to low income earners.

Whiteside said RBF was pleased to note the increased effort of industry players in seeking to improve regulatory compliance and contribute to ensuring a sound and safe insurance industry for Fiji.

He added RBF will continue to develop the policy environment conducive to the growth of the insurance industry, as well as enhancing its supervisory role.

The 2011 Insurance Annual Report also includes highlights of developments in the international insurance market.

Globally, 2011 saw the highest economic losses from natural catastrophes and manmade disasters on record and the second highest insured losses ever.

The total economic losses significantly increased from the US$226 billion experienced in 2010 to a massive US$370 billion in 2011, while insured losses were reported at US$116 billion.

By Ropate Valemei


Football Live

Flash flood warning for low-lying areas
FICAC increases witnesses’ vs Mau, Pratap

Post a Comment
Bookmark and Share


Posted Comments
No comments, but you can post the first comment!

Are you happy with the 2016 Budget?

Poll Results: Current | Previous

Are you happy with the 2016 Budget?

More Polls
Press Esc to close this window
BURGER KING enters Fiji marketWorld’s fastest growing quick service restaurant chain, BURGER KING has opened its first Fiji branch at the Nadi International Airport serving its world famous burgers at the new-look Departure Lounge.
Nakarawa wins PIPA awardsFiji and Glasgow Warriors lock Leone Nakarawa has won the Pacific Island Players Association (PIPA) 2015 Fijian Players' Player of the Year Award and the overall Pacific Island Players' Player of the Year Award.
Pope prays for peace in Syria, KoreaPope Francis prayed for a "political solution" in Syria and for "reconciliation" on the Korean peninsula in his first Easter Sunday message in front of a crowd in St Peter's Square.
Fiji receives ICT awardFiji’s efforts in harnessing its ICT sector has been recognised by the International Telecommunications Union and Prime Minister Voreqe Bainimarama yesterday received the ICTs in Sustainable Development Award in New York.
Sam Smith releases extended version of hit albumSam Smith released In The Lonely Hour: The Drowning Shadows Edition - the extended version of his chart topping debut album containing a second disc of new and exclusive tracks this month.
Be mindful of children’s whereabouts: AkbarMinister of Women, Children and Poverty Alleviation, Rosy Akbar is urging parents and guardians to be mindful of their children’s safety during the school holidays.