(a) Historical data disclosed over the last 5 years | |||||||
Data published in thousands of $ | N − 1 | N − 2 | N − 3 | N − 4 | N − 5 | ||
Gross written premiums (Sales/Revenue) | 97,034,000 | 94,148,000 | 99,852,000 | 96,309,000 | 95,309,000 | ||
Net profit | 7,508,000 | 3,331,000 | 4,182,000 | −373,000 | 3,182,000 | ||
Net Income (Group share) | 7,294,000 | 3,164,000 | 3,857,000 | 2,140,000 | 2,040,000 | ||
Work force at the end of year | 110,477 | 114,625 | 99,843 | 104,065 | 95,728 | ||
(b) Risk covered for the last 5 years and losses remaining to be covered in charges and debts after amount transferred to the reinsurer | |||||||
1 | Forecast of losses based on the pre-OPE25 risk management practices calculation model or on a relative VaR or AMA, limited to unexpected losses (UL) = 15% of the average turnover of the last three years (“N” + “N + 1” + “N + 2”/3 × 15%)] | 14,551,700 | |||||
2 | Maximum amount that can be covered by insurance: “The recognition of the coverage of operational risk losses by insurance cannot exceed 20% before considering the economic capital accounts” (BCBS, October 2010): =20% of the line above | 2,910,340 | |||||
3 | Losses remaining to be covered by equity after insurance if OPE25 is not implemented | 11,641,360 | |||||