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3.4.1 Mr. Omar said that the circulation of the Saudi Arabian Monetary Agency in this regard comes extension of previous Circulars, it also requires a detailed presentation of the Governing Council with a brief report of five pages (Board Paper) with the necessity of providing a copy of the detailed report, two periodic reports to the Council on Using the secretariat sufficiently in advance of this meeting;
3.4.2 as Mr. Morshed noted that the report before the Council today is the final draft and not the final version that will be sent to the Saudi Arabian Monetary Agency, where work is going on to make adjustments to not Paljohrah, and it is expected to be completed by and access to the final version during one week , God willing, has asked members of the Board of Mr. Omar to send the final version to the secretary of the Council as soon as you are done, which in turn will send it to all members (note that it was sent to all Council members by mail on 26/09 / 2016);
3.4.3 the company provides medical coverage for small, medium and large groups, as well as medical insurance compulsory for individuals, has accounted for 70% of total premiums written in 2014, and since 83% of net premiums written, broken down into four groups They are: insurance compulsory individuals (IDH), and securing the mandatory collections of health insurance Council (standard), and securing major contracts which may not fall under the mandatory health insurance Council (Jumbo), and securing different standard specifications and can be termed as (Non-standard), has been pricing the first and second sets, also reviewed the historical data the third and fourth sets by actuary;
3.4.4 review of the exposure (exposure) and the percentage loss (loss ratio) for various periods after taking into account the estimated data for the reserves claims incurred but not reported (IBNR) as at June 2016;
3.4.5 explanation of the factors and variables that have been lean against the calculated estimates for medical insurance;
3.4.6 the presentation included a determining factor (IBNR) and by comparing the maximum claims (Ultimate claims) compensation paid to the claims of regular (normal paid claims ) for the periods ended in June for the years from 2014 until 2016, where he showed a rate (1.1878) for the year 2014, and (1.1751) for the year 2015, and (1.4372) for the year 2016;
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