Requested from IC by D. Shania at 10:39 PM on
Oct 08, 2022.
Purpose: Strategic Financial Planning
Date of Coverage: 10/08/2022 - 10/08/2022
Tracking no: #IC-548830300858
Shania 10:39 PM, Oct 08, 2022
Hi, Good day! I would like to request the list of Financial ratios that you used in an insurance company specifically in a non-life insurance. Like for instance, as in a Loss ratio, with the cut off and standards of 5%-10% as a good indicator. It is for scholastic purposes as we are analyzing some financial statements for a certain company for a strategic financial planning. We hope for your soonest response. Thank you so much.
Ignacio 10:12 AM, Oct 10, 2022
October 10, 2022
Dear Ms. De Villa,
Thank you for your request dated Oct 08, 2022 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, regarding Financial Ratios used in an Insurance Company and its Cut off and Standards.
We received your request on Oct 08, 2022 and will respond on or before Oct 28, 2022 10:39:01 PM, in accordance with the Executive Order's implementing rules and regulations.
Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://2018midyear08242018-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTU0ODgzMDMwMDg1OAw, for request with ticket number #IC-548830300858.
Thank you.
Respectfully,
Edmar Ignacio
FOI Officer
Simon 09:10 AM, Oct 17, 2022
October 17, 2022
Dear Ms. De Villa,
Greetings!
Thank you for your request dated Oct 08, 2022 10:39:01 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Financial Ratios used in an Insurance Company and its Cut off and Standards.
Response to Request
In relation to your request, please be informed that, while our aim is to provide information whenever possible, in this instance this Office does not have the information you have requested. Nevertheless, our Non-life Division has extended assistance for your academic question regarding insurance.
In this regard, please find attached reference for your schoolwork.
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by email at rr.mojica@insurance.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
The quality of services you deserve matter to us. To help the Insurance Commission monitor the progress in improving its services, we appreciate accomplishing the Customer Satisfaction Surveys (CSS) through the following link: https://bit.ly/ICCustomerSatisfactionSurvey
Thank you.
Respectfully,
Chantal Mae Simon
FOI Decision Maker
Simon 09:13 AM, Oct 17, 2022
October 17, 2022
Dear Ms. De Villa,
Greetings!
Thank you for your request dated Oct 08, 2022 10:39:01 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Financial Ratios used in an Insurance Company and its Cut off and Standards.
Response to Request
Please find attached file for your reference.
Thank you.
Respectfully,
Chantal Mae Simon
FOI Decision Maker
Attachments:
publication-uir-zb-iris-ratios-manual.pdf
Is this request offensive?
Requests for personal information and vexatious requests are not considered valid requests for Official Information.
If you believe this request is not suitable, you can report it for attention by the site administrators.
