Pembahasan Ujian PAI: A40 – No. 28 – Juni 2014

Because a significant portion of an insurer’s revenues consists of policy premiums, insurance companies must be aware of the external and internal factors that directly affect the nature, amount, and timing of premiums income. External factors include those general economic, industry, and environmental condition that affect all companies, such as regulatory requirements, accounting standards, interest rates, taxes, existing and potential markets, and competitor actions. Internal factors include those that affect the policy premiums of a particular life and health insurance company, such as product features and benefits, sales distribution system (including agent commission), investment policy, and management vision and competence.

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.