A significant number, 45%, of insurance firms fall short in meeting all industry benchmarks.
The Infinma Institute for Financial Market Analysis has been analysing Business Unit (BU) conditions using a specific method for over a decade. This method, which has been in place since 2011, focuses solely on the condition of work and does not include the consideration of technical design options related to pensions.
In their recent study, the Infinma Institute examined 458 current tariffs. The criteria used by the Institute are specific to the condition of work and do not result in a rating. Instead, they serve as standards that each tariff is measured against.
These standards are comprehensive, covering various aspects of work conditions. They include the possibility of contribution deferment, retroactive payments and benefits from the 1st month after BU determination without waiting or transition periods, the option for a separate follow-up care pension, and temporary benefits for work disability after six months of uninterrupted sick leave.
One notable finding from the study is that out of the 458 tariffs examined, 206 (approximately 45%) met all market standards. The standards also include an increase option without cause and the waiver of abstract reference.
However, it's important to note that the search results do not contain any information about the specific market standards considered by the Infinma Institute when analysing BU conditions, nor about the percentage of current tariffs that meet these standards in their recent study. For more precise details on their market standards and tariff compliance metrics, it would be beneficial to refer to the official Infinma Institute publications or their website.
Technical design options, such as the height of a contribution-free pension, are not considered in the analysis by the Infinma Institute. This approach ensures that the analysis remains focused on the condition of work, providing a clear and objective assessment of each tariff.
In conclusion, the Infinma Institute's analysis of Business Unit conditions provides a valuable service in ensuring that work conditions meet specific, work-related standards. While the exact market standards and the percentage of tariffs that meet these standards may not be publicly available, the Institute's approach to analysis remains consistent and focused on the condition of work.
The Infinma Institute, in its recent study, did not consider other finance-related aspects such as technical design options, like the height of a contribution-free pension, in their analysis of Business Unit conditions. Instead, their analysis focused solely on the condition of work, examining aspects like contribution deferment, retroactive payments, and benefits from the 1st month after BU determination.
In their approach to analysing Business Unit conditions, the Infinma Institute does not provide a rating but uses standards that include an increase option without cause and the waiver of abstract reference, among other work-related conditions.
