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The AICPA will continue to identify and develop new assurance services.
Six task forces are at work on the new assurance services the special committee highlighted in its report: electronic commerce, ElderCare-Plus, health care effectiveness, systems reliability, risk assessment and performance measurement.
Also, the AICPA assurance services development group headed by K.
For example, ASEC task forces helped in determining course content for training programs for the new assurance services: There are introductory courses (each worth two continuing professional education credits) for risk assessment, business performance measurement and ElderCare-Plus.
The affirmation of the ratings of AXA Insurance (Canada), AXA Pacific Insurance Company and Anglo Canada General Insurance Company are based upon their excellent levels of capitalization; favorable underwriting leverage; improvement in underwriting and operating performance over the last three years; strong broker relations; corporate reinsurance protection; the explicit financial support of AXA Assurances Inc.
The rating assignment for InnovAssur, Assurances generales inc.
The revision in the rating to NR-3 (Rating Procedure Inapplicable) from B++ (Very Good) of Citadel General Assurance Company is based upon the integration of this company into AXA Assurances Inc.
CNP Assurances is France's leading personal insurer, with over 14 million insured and some 12 million policies.
CGNU will publicly demonstrate the strategic importance of Abeille assurances when introducing the "AVIVA" brand," said Ms.
Drut pointed out that as a result of the currently disciplined underwriting policy and focus on life sales at Abeille assurances, premium income is likely to grow only marginally in 2002, and will be mainly driven by additional rate increases.
This should enable Abeille assurances to achieve and maintain the group's 102% target combined ratio before the end of 2003.
Resolution of these CreditWatch actions will follow a successful bid either by Generali or Allianz and an assessment of the financial strength of Allianz Via Assurances and AGF under the new corporate structure, Standard & Poor's said.
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