investigation into AXA insurance company including internal analysis‚ external strategic analysis and strategy formulation. It is designed to analyse the whole organisation and make recommendations related to the problems. AXA is a French global investment‚ retirement and insurance group. The AXA Group involves five operating business segments: Life & Savings‚ Property & Casualty‚ International Insurance (including reinsurance)‚ Asset Management and Other Financial Services. This report is focused on AXA insurance
Premium Strategic management Insurance Financial services
Chapter-1 Industry Profile * History of Insurance * Types of Insurance * Life Insurance * Non Life Insurance | * Development of Life Insurance in India * Development of Life Insurance in Rural India * IRDA (Insurance Regulatory Development Authority) * Advantage of Life Insurance * Limitation of Life Insurance | The History of Insurance Although insurance may have been used by the Babylonians‚ the Greeks and the Romans‚ insurance in the modern
Premium Insurance Life insurance
Solution to Problem Set 1 1. You are considering various retirement plans. Your goal is to have a lump sum of $3‚000‚000 available (‘in the bank’) when you retire at age 67. The various plans‚ with their payment schedules‚ are listed below. In each case‚ calculate the payment(s) that must be made into the plan to ensure that you have the $3‚000‚000 available. For each plan‚ you may assume that your opportunity cost of funds is 6% per year; for each plan‚ you may assume that the phrase “at
Premium Compound interest Cash flow Internal rate of return
FIN 600 – Lecture 3 Discounted Cash Flow Valuation Chapter Outline Time Value of Money Valuation: The One-Period Case The Multiperiod Case Compounding Periods Simplifications What Is a Firm Worth? Time Value of Money A dollar received today is worth more than a dollar received in the future. Interest - is the return you receive for investing your money. The interest rate is the basis for a test that any proposed investment must pass. Example: Putting
Premium Time value of money Net present value Compound interest
Exclusions- items specifically removed from the tax base by law Deductions- subtracted from the tax base rather than fully excluded. Flat tax- one single rate applied to the entire tax base. Progressive tax- rates increase as tax base increases. (Federal income tax) Tax credit- authorized deduction in gross tax liability Real and personal property taxes- Real (real estate) Personal (difficult to enforce because property is easily concealed or moved‚ with the exception of vehicles which must
Premium Taxation in the United States Taxation Tax
basic types of retirement plans available: 1) defined benefit plans‚ and 2) defined contribution plans. Briefly describe the two types of plans; include at least three features of each. (Not defined in book‚ look elsewhere) a. Defined benefit plans: The plan identifies the specific benefit payable to retirement. The basic benefit is based in a formula with the number of years and salary. Retirement benefits are provided in the regular form of payments after the date of retirement. The periodic
Premium Pension
Tax Relief for Resident Individual Year 2010‚ 2011 & 2012 No. Individual Relief Types Amount (RM) 1 Self and Dependent 9‚000 2 Medical expenses for parents 5‚000 (Limited) 3 Basic supporting equipment 5‚000 (Limited) 4 Disabled Individual 6‚000 5 Education Fees (Individual) 5‚000 (Limited) 6 Medical expenses for serious diseases 5‚000 (Limited) 7 Complete medical examination 500 (Limited) 8 Purchase of books‚ journals‚ magazines and publications 1‚000 (Limited)
Premium Tax Tax refund Income tax
4. Explain in words why a dollar has different values dependent on point in time received‚ and how “present valuing” or “future valuing” cash-flows corrects for these differences. Also‚ look at the mathematics of the “annuity” versus the “annuity due”‚ and explain why the annuity is 1+r more valuable. Finally‚ create an amortization table using your calculator (like in the notes) and explain why the amount of interest paid is decreasing‚ and the principle paid is increasing. 5. Explain what
Premium Monetary policy Federal Reserve System Economics
Denmarks’ pension system according to other countries systems Denmarks’ pension system according to other countries systems Authors: Cristina Harangozo Goda Dirzauskaite Irina Munteanu Elena Demirova Jaroslav Kerul-Kmec Authors: Cristina Harangozo Goda Dirzauskaite Irina Munteanu Elena Demirova Jaroslav Kerul-Kmec 11/2/2012 11/2/2012 University College of Northern Denmark Financial Management Programme 1st semester 2012 1 fie0912 Methodology project Why is Danish
Premium Pension Retirement
PROBLEMS CHAPTER 2 1) If you deposit Rs.100 in the bank today and it earns interest at a rate of 8% compounded annually‚ how much will be in the account 50 years from today? 2) On your birthday‚ your uncle gave you the money in his savings account. His only deposit was Rs.100 made 50 years ago. The savings account paid 8% compounded annually. How much money is in the account today? 3) A loaf of bread costs Rs.0.79 today. If its price increases by 6% per year‚ how much will an
Premium Time value of money Money Time