MCCSR

AcronymDefinition
MCCSRMinimum Continuing Capital and Surplus Requirements (insurance)
References in periodicals archive ?
Regarding [H.sub.2], a negative MCCSR context consumer has intention to boycott a company.
Besides the fact that the amplification of this concept and the confirmation that the low perception of MCCSR may influence the boycott, they are two marginal contributions to the general aim of this paper which can be presented here as they impact on the theory of consumer's boycott.
The second one is regarded to the experiment method which aims to generalize results; but at the same time, this limitation is suitable to the objective of this research as its targets was to verify the difference among groups of consumers who were influenced by MCCSR variable (manipulated group, negative MCCSR) and those who were part of a control group (positive MCCSR).
In this regard, when presenting empirical results using the CSR approach (it is not tangential and simply theoretical) this paper brings implications to the study of consumer boycott, not only in the empirical presentation of the research results (the consumer's perception of impact regarding the relation between MCCSR and boycott), but also in relation to reconfiguration of the types of boycott approached in the literature, when discussing and presenting the concept of social boycott.
Accordingly, the redemption of the debentures will have no impact on the MCCSR ratio of Sun Life Assurance Company of Canada or Sun Life Financial Inc, it said.
The MCCSR ratio measures the Minimum Continuing Capital and Surplus Requirements of a financial institution.
The LICAT guideline requires more capital for credit risks, potentially less capital for insurance risks depending on the line of business, and roughly the same amount of capital for operational risks as compared with the MCCSR framework.
In general, the LICAT guideline requires more capital for credit risks, potentially less capital for insurance risks depending on the line of business, and roughly the same amount of capital for operational risks as compared with the MCCSR framework.
--Either of the first two triggers is met and an improvement of key financial metrics, including consolidated MCCSR above 250%, financial leverage below 30%, and consolidated ROE above 10%.
--Stable balance sheet fundamentals evidenced by an MCCSR ratio at or above 220% and financial leverage below 20%.
--A sustained drop in the company's risk-adjusted capital position, including the MCCSR ratio falling below 200%;
--Deterioration in key financial metrics, including consolidated MCCSR falling below 180% and financial leverage exceeding 50% and ROE below 5% on a sustained basis.