IMAGE EVALUATION TEST TARGET - Internet Archive · 2012. 6. 8. · v
Target 2012
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PHILIPPINE CROP INSURANCE CORPORATION PRODUCTION TARGETS FY 2012 COB. 2012 Rate Amount A. REGULAR LINES PALAY Market Size (No. of Farmers) 189,887 Coverage (Has.) 285,995 Amount of Cover 5,248,579,000.00 Estimated Insurance Premiums Farmers & LIs 6.00% 314,914,740.00 Government 300,000,140.35 Total Insurance Prems. 614,914,880.35 Estimated Losses-Direct Business 6.90% 362,151,951.00 Reinsurance Ceded Treaty 0.71% 37,264,910.90 CORN 1.30 Market Size (No. of Farmers) 19,464 Coverage (Has.) 20,505 Amount of Cover 357,140,000.00 Estimated Insurance Premiums Farmers & LIs 11.00% 39,285,400.00 Government 33,771,009.68 Total Insurance Prems. 73,056,409.68 Estimated Losses-Direct Business 5.09% 18,178,426.00 Reinsurance Ceded Treaty 0.00% - TOTAL REGULAR LINES Market Size (No. of Farmers) 209,351 Coverage (Has.) 306,500 Amount of Cover 5,605,719,000.00 Estimated Insurance Premiums Farmers & LIs 354,200,140.00 Government 333,771,150.03 Total Insurance Prems. 687,971,290.03 Estimated Losses-Direct Business 380,330,377.00 Reinsurance Premium Ceded 37,264,910.90 Returns & Cancellations 0.00% - Commission/Service Expense 2.00% 7,084,002.80 Premium Discount - (F/LI) Premium Discount - (GPS) -
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PHILIPPINE CROP INSURANCE CORPORATIONPRODUCTION TARGETSFY 2012
COB. 2012Rate Amount
A. REGULAR LINES
PALAY Market Size (No. of Farmers) 189,887 Coverage (Has.) 285,995 Amount of Cover 5,248,579,000.00 Estimated Insurance Premiums Farmers & LIs 6.00% 314,914,740.00 Government 300,000,140.35 Total Insurance Prems. 614,914,880.35 Estimated Losses-Direct Business 6.90% 362,151,951.00 Reinsurance Ceded Treaty 0.71% 37,264,910.90
CORN 1.30 Market Size (No. of Farmers) 19,464 Coverage (Has.) 20,505 Amount of Cover 357,140,000.00 Estimated Insurance Premiums Farmers & LIs 11.00% 39,285,400.00 Government 33,771,009.68 Total Insurance Prems. 73,056,409.68 Estimated Losses-Direct Business 5.09% 18,178,426.00 Reinsurance Ceded Treaty 0.00% -
TOTAL REGULAR LINES Market Size (No. of Farmers) 209,351 Coverage (Has.) 306,500 Amount of Cover 5,605,719,000.00 Estimated Insurance Premiums Farmers & LIs 354,200,140.00 Government 333,771,150.03 Total Insurance Prems. 687,971,290.03 Estimated Losses-Direct Business 380,330,377.00 Reinsurance Premium Ceded 37,264,910.90 Returns & Cancellations 0.00% - Commission/Service Expense 2.00% 7,084,002.80 Premium Discount - (F/LI) Premium Discount - (GPS) -
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COB. 2012Rate Amount
B. LIVESTOCK INSURANCE 1.10 Amount of Cover 682,031,000.00 Estimated Insurance Premiums 4.00% 27,281,240.00 Estimated Losses-Direct Business 1.00% 6,820,310.00 Reinsurance Premium Ceded -Facul 0.75% 5,115,232.50 Loss Recoveries 40.00% 2,728,124.00 Commission/Service Expense 7.00% 1,909,686.80
C. NON-CROP INSURANCE LINE Amount of Cover 1,226,356,000.00 Estimated Insurance Premiums 1.00% 12,263,560.00 Estimated Losses-Direct Business 0.02% 245,271.20 Reinsurance Premium Ceded-Facul 0.30% 3,679,068.00 Loss Recoveries 15.00% 36,790.68 Commission/Service Expense 10.00% 1,226,356.00
D. HIGH VALUE CROPS Amount of Cover 215,396,500.00 Estimated Insurance Premiums 3.00% 6,461,895.00 Estimated Losses-Direct Business 0.50% 1,076,982.50 Reinsurance Premium Ceded-Facul 1.50% 3,230,947.50 Loss Recoveries 50.00% 538,491.25 Commission/Service Expense 2.00% 129,237.90
F. FISHERIES Amount of Cover 244,507,000.00 Estimated Insurance Premiums 4.00% 9,780,280.00 Estimated Losses-Direct Business 1.00% 2,445,070.00 Reinsurance Premium Ceded-Facul 2.00% 4,890,140.00 Loss Recoveries 50.00% 1,222,535.00 Commission/Service Expense 2.00% 195,605.60
E. TERM INSURANCE Amount of Cover 2,016,496,000.00 Estimated Insurance Premiums 1.00% 20,164,960.00 Estimated Losses-Direct Business 0.10% 2,016,496.00 Commission/Service Expense 20.00% 4,032,992.00
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