Disclosure requirements :

The following disclosure requirements have been prescribed alongwith annual financial statements:

(a) Quantitative and qualitative information on the insurer’s financial and operating ratios, namely, incurred claim, commission and expenses ratios

(b) Actual solvency margin details vis-à-vis the required margin

(c) Policy lapse ratio for life insurers

(d) Financial performance including growth rate and current financial position of the insurer

(e) Description of the risk management architecture

(f) Details of number of claims intimated, disposed of and pending with details of duration

(g) All pecuniary relationships or transactions of the Non-Executive Directors vis-à-vis the insurer

(h) Details of the board composition

(i) Number of meetings of the Board and committees held during the year and the details of directors who attended

(j) Details of remuneration paid to Independent directors

Any other matters, which have material impact on the insurer’s financial position.