21/05/2024
Q: 𝙋𝙖𝙖𝙣𝙤 𝙠𝙪𝙣𝙜 𝙢𝙖-𝙗𝙖𝙣𝙠𝙧𝙪𝙥𝙩 𝙨𝙞 𝙋𝙧𝙪? Stable ba yan si Pru Life UK? 🤨
One of the measures of our regulating body, Insurance Commission, is the RBC ratio.
What does it mean?
𝗥𝗶𝘀𝗸-𝗕𝗮𝘀𝗲𝗱 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 (𝗥𝗕𝗖) is a method of measuring the minimum amount of capital appropriate for a reporting entity to support its overall business operations in consideration of its size and risk profile.
In the Philippines, the Insurance Commission has required all Insurance Companies to have 125% RBC, and we, PRU Life UK is at 1123%.
𝗜𝗻 𝘀𝗵𝗼𝗿𝘁, 𝘄𝗶𝘁𝗵 𝗥𝗕𝗖 𝗥𝗮𝘁𝗶𝗼 𝗼𝗳 1123%, 𝗸𝗮𝘆𝗮𝗻𝗴 𝗸𝗮𝘆𝗮 𝗶𝗯𝗮𝗹𝗶𝗸 𝗻𝗶 𝗣𝗿𝘂 𝗮𝗻𝗴 𝗺𝗼𝗻𝗲𝘆 𝗻𝗶 𝗰𝗹𝗶𝗲𝗻𝘁 11𝘅.
𝗧𝗵𝗶𝘀 𝗽𝗿𝗼𝘃𝗲𝘀 𝘁𝗵𝗮𝘁 𝗮𝗹𝗹 𝘆𝗼𝘂𝗿 𝗵𝗮𝗿𝗱-𝗲𝗮𝗿𝗻𝗲𝗱 𝗺𝗼𝗻𝗲𝘆 𝗶𝗻𝘃𝗲𝘀𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝗣𝗿𝘂 𝗟𝗶𝗳𝗲 𝗨𝗞 𝗶𝘀 𝘄𝗲𝗹𝗹 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝗲𝗱.
Interested to check your insurance and investment options with us? Message me.
This is Nora Maturan Oben , Assistant Unit Manager and Licensed Financial Advisor in Pru Life UK.📩
