The adjusted Solvency II value is the increase in Solvency II`s own funds resulting from transactions carried out during the period, which have been adjusted to eliminate the effects of contractual limits, to include profits in service undertakings (unless included in Solvency II) and all other transactions that are not included in the Solvency II assessment. The total value of all goods and services produced each year by a country on the national territory. Can be calculated as gross national product less foreign income. A key measure of national economic health. Official statistics of the United States use gross national product (GNP). An agreement where by which a company with a successful product or service agrees to allow other organizations to produce, distribute or sell that product or service, usually for a fee. Type of double and individual option – When entrepreneurs take out life insurance for each other, there are different ways to protect the interests of all stakeholders, for example.B. purchase and sale contracts, option/cross options or automatic provision. Your clients must get advice themselves, but you can use our standard service time with an employer contract, which is taken into account in the calculation of pension benefits. The obligation to work in accordance with legal or regulatory guidelines. In the financial services industry, the most important compliance rules come from the Prudential Regulation Authority and the Financial Conduct Authority (PRA and FCA) in the UK and the Securities and Exchange Commission in the US.

Most financial services companies have compliance teams who are tasked with ensuring that the company complies with all necessary rules and regulations. Specialized UK bank that provides investment services, business advisory services, trade and project finance, foreign exchange exchanges, etc. for clients around the world. He also acts as an issuer of shares and bonds and advises companies involved in mergers. Aviva has negotiated impressive service level agreements with its outsourced provider. Access to a virtual family doctor must be completed within 24 hours and mental health counselling must be provided within 48 hours. Given that some NHS trusts now recite 18 weeks or more for access to mental health. If red flags are detected during the annual health check, Aviva`s outsourced supplier will contact the customer proactively and urgently to discuss the results. A “marriage” of two or more companies with the pre-agreement of both companies, in which one acquires the shares of the other (as it did during the merger between CGU and Norwich Union, which founded Aviva) or the shares of both companies are transferred to a third party. 24 hours later, we saw Aviva`s new digital health service, which complements critical disease protection policies and group revenue. These extensive benefits can all be accessed through a single app.

This is a precursor to the implementation of a similar service for customers with personal protection for income and critical illnesses. We have done everything in our power to keep our website jargon-free, but we are aware that some expressions may require further explanation. This glossary is intended to help you understand some of the terms used in the insurance, investment and financial services industries.. . . .