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It details business and underwriting and investment performance drivers, explains the system of governance requirements and internal control and audit functions, and presents key insurance, financial, market, default, liquidity, operational, strategic, and reputational risk considerations. 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14/03/2018 and submitted to thesupervisorin due time.  \nThis report is originally written in English.A translation of the summary in French and Dutch is made availableon the website.  \nSolvency and Financial Condition Report 2017  \nContent  \nSUMMARY………………………………………………………………………………………………………………………………………………………………………5  \nA BUSINESS AND PERFORMANC……………………………………………………………………………………………………………………………9  \nA.1 Busines. ……………………………………………………………………………………………………………………………………………………10  \nA.2 Underwriting performance ………………………………………………………………………………………………………………………13  \nA.3 Investment performance …………………………………………………………………………………………………………………………14  \nA.4 Performance of other activitie…………………………………………………………………………………………………………………15  \nA.5 Any other information………………………………………………………………………………………………………………………………15  \nB SYSTEM OF GOVERNANCE…………………………………………………………………………………………………………………………………………………16  \nB.1 General information on the system of governance………………………………………………………………………………17  \nB.2 Fit and Proper requirement ……………………………………………………………………………………………………………………20  \nB.3 Risk management system(including the own risk and solvency assessment) …………………………………20  \nB.4 Internal controlsystem……………………………………………………………………………………………………………………………………24  \nB.5 Internal Audit Function……………………………………………………………………………………………………………………………………24  \nB.6 Actuarial function……………………………………………………………………………………………………………………………………………25  \nB.7 Outsourcing…………………………………………………………………………………………………………………………………………………………25  \nB.8 Any other information………………………………………………………………………………………………………………………………………26  \nC RISK PROFILE………………………………………………………………………………………………………………………………………………………27  \nC.1 Insurance risk…………………………………………………………………………………………………………………………………………………………………………………………………………………………………28  \nC.2 Financial risk………………………………………………………………………………………………………………………………………………………29  \nC.3 Market risk…………………………………………………………………………………………………………………………………………………………29  \nC.4 Default risk…………………………………………………………………………………………………………………………………………………………31  \nC.5 Liquidity risk………………………………………………………………………………………………………………………………………………………32  \nC.6 Operational risk …………………………………………………………………………………………………………………………………………………3  \nC.7 Strategic and Business risk……………………………………………………………………………………………………………………3  \nC.8 Impact on reputation………………………………………………………………………………………………………………………………………3  \nC.9 Risk exposure……………………………………………………………………………………………………………………………………………3  \nD VALUATION FOR SOLVENCY PURPOSES………………………………………………………………………………………………………………………………………35  \nD.1 Asset …………………………………………………………………………………………………………………………………………………36  \nSolvency and Financial Condition Report 2017  \nD.2 Technical provision……………………………………………………………………………………………………………………………………38  \nD.3 Other liabilities…………………………………………………………………………………………………………………………………………43  \nD.4 Alternative methods for valuation…………………………………………………………………………………………………………4  \nD.5 Any other information………………………………………………………………………………………………………………………………45  \nE CAPITAL MANAGEMENT…………………………………………………………………………………………………………………………………46  \nE.1 Own funds……………………………………………………………………………………………………………………………………………………………47  \nE.2 Solvency capital requirement and minimum capital requiremen…………………………………………………………49  \nE.3 Use of the duration-based equity risk sub-module in the calculation of the Solvency Capital  \nRequirement………………………………………………………………………………………………………………………………………………………………51  \nE.4 Differences between the standard formula and any internal model used…………………………………………51  \nE.5 Non-compliance with Minimum Capital Requirement and non-compliance with Solvency Capital  \nRequirement………………………………………………………………………………………………………………………………………………………………53  \nE.6 Any other information…………………………………………………………………………………………………………………………………53  \nAnnexes………………………………………………………………………………………………………………………………………………………………………54  \nQRT Balance sheet(S.02.01.02)……………………………………………………………………………………………………………………………55  \nQRT Premiums, claims and expenses by line of business ","cbCaiaWAk5lSEl7y","https://ap.wps.com/l/cbCaiaWAk5lSEl7y","pdf",1328720,72,"English","# SUMMARY\n# A BUSINESS AND PERFORMANCE\n## A.1 Business\n## A.2 Underwriting performance\n## A.3 Investment performance\n## A.4 Performance of other activities\n## A.5 Any other information\n# B SYSTEM OF GOVERNANCE\n## B.1 General information on the system of governance\n## B.2 Fit and Proper requirement\n## B.3 Risk management system\n## B.4 Internal control system\n## B.5 Internal Audit Function\n## B.6 Actuarial function\n## B.7 Outsourcing\n## B.8 Any other information\n# C RISK PROFILE\n## C.1 Insurance risk\n## C.2 Financial risk\n## C.3 Market risk\n## C.4 Default risk\n## C.5 Liquidity risk\n## C.6 Operational risk\n## C.7 Strategic and Business risk\n## C.8 Impact on reputation\n## C.9 Risk exposure\n# D VALUATION FOR SOLVENCY PURPOSES\n## D.1 Assets\n## D.2 Technical provision\n## D.3 Other liabilities\n## D.4 Alternative methods for valuation\n## D.5 Any other information\n# E CAPITAL MANAGEMENT\n## E.1 Own funds\n## E.2 Solvency capital requirement and minimum capital requirement\n## E.3 Duration-based equity risk sub-module\n## E.4 Differences between standard formula and internal model\n## E.5 Non-compliance with minimum capital and solvency capital requirements\n## E.6 Any other information","[{\"question\":\"What is the purpose of the Solvency and Financial Condition Report 2017?\",\"answer\":\"It summarizes AG Insurance’s solvency and financial condition by covering governance, risk profile, valuation for solvency purposes, and capital management.\"},{\"question\":\"What business and performance aspects are included in the report?\",\"answer\":\"The report presents company background and discusses business, underwriting performance, investment performance, and performance of other activities.\"},{\"question\":\"Which capital management topics are addressed?\",\"answer\":\"It explains own funds, the solvency capital requirement and minimum capital requirement, how the duration-based equity risk sub-module is used, and differences between the standard formula and any internal model.\"}]","Solvency and Financial Condition Report 2017 | PDF",1789185393,25]