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{"sheet":"Hidden","index":0,"n_rows":132,"n_cols":8,"rows_kept":132,"cut":false,"hidden":true,"merged":[]}
["Do not make any data changes on this sheet (Internal Reserved Use)"]
[]
["Workbook",null,"Countries","CountryIndex","Settings","Currency","Units","Valuation method"]
["ErrorTolerance",0.05,null,1,{"$f":"IF(CountryIndex=1,\"\",INDEX(Countries,CountryIndex,1))","v":""}]
[null,null,"Albania",55,{"$f":"IF(currencyIndex=1,\"\",INDEX(Hidden!$F$4:$F$132,CountryIndex,1))","v":0},"ALL","Units","Book value"]
[null,null,"Antigua and Barbuda",5,{"$f":"IF(unitindex=1,\"\",INDEX(Hidden!$G$4:$G$9,unitindex,1))","v":"Millions"},"XCD","Hundreds","Mark-to-market"]
[null,null,"Argentina",1,{"$f":"IF(ValueIndex=1,\"\",INDEX(H4:H6,ValueIndex,1))","v":""},"ARS","Thousands"]
[null,null,"Armenia",null,null,"AMD","Millions"]
[null,null,"Australia",null,null,"AUD","Billions"]
[null,null,"Austria",null,null,"EUR"]
[null,null,"Bangladesh",null,null,"BDT"]
[null,null,"Barbados",null,null,"BBD"]
[null,null,"Belgium",null,null,"EUR"]
[null,null,"Belize",null,null,"BZD"]
[null,null,"Bhutan",null,null,"BTN"]
[null,null,"Bolivia",null,null,"BOB"]
[null,null,"Botswana",null,null,"BWP"]
[null,null,"Brazil",null,null,"BRL"]
[null,null,"Brunei",null,null,"BND"]
[null,null,"Bulgaria",null,null,"BGN"]
[null,null,"Cambodia",null,null,"KHR"]
[null,null,"Canada",null,null,"CAD"]
[null,null,"Cayman Islands",null,null,"KYD"]
[null,null,"Chile",null,null,"CLP"]
[null,null,"China",null,null,"CNY"]
[null,null,"Chinese Taipei",null,null,"TWD"]
[null,null,"Colombia",null,null,"COP"]
[null,null,"Costa Rica",null,null,"CRC"]
[null,null,"Croatia",null,null,"HRK"]
[null,null,"Cuba",null,null,"CUP"]
[null,null,"Cyprus",null,null,"EUR"]
[null,null,"Czech Republic",null,null,"CZK"]
[null,null,"Denmark",null,null,"DKK"]
[null,null,"Dominica",null,null,"XCD"]
[null,null,"Dominican Republic",null,null,"DOP"]
[null,null,"Ecuador",null,null,"USD"]
[null,null,"Egypt",null,null,"EGP"]
[null,null,"El Salvador",null,null,"SVC"]
[null,null,"Estonia",null,null,"EUR"]
[null,null,"Falkland Islands",null,null,"FKP"]
[null,null,"Fiji",null,null,"FJD"]
[null,null,"Finland",null,null,"EUR"]
[null,null,"France",null,null,"EUR"]
[null,null,"Germany",null,null,"EUR"]
[null,null,"Ghana",null,null,"GHS"]
[null,null,"Greece",null,null,"EUR"]
[null,null,"Grenada",null,null,"XCD"]
[null,null,"Guatemala",null,null,"GTQ"]
[null,null,"Guyana",null,null,"GYD"]
[null,null,"Haiti",null,null,"HTG"]
[null,null,"Honduras",null,null,"HNL"]
[null,null,"Hong Kong",null,null,"HKD"]
[null,null,"Hungary",null,null,"HUF"]
[null,null,"Iceland",null,null,"ISK"]
[null,null,"India",null,null,"INR"]
[null,null,"Indonesia",null,null,"IDR"]
[null,null,"Ireland",null,null,"EUR"]
[null,null,"Isle of Man",null,null,"GBP"]
[null,null,"Israel",null,null,"ILS"]
[null,null,"Italy",null,null,"EUR"]
[null,null,"Jamaica",null,null,"JMD"]
[null,null,"Japan",null,null,"JPY"]
[null,null,"Jordan",null,null,"JOD"]
[null,null,"Kazakhstan",null,null,"KZT"]
[null,null,"Kenya",null,null,"KES"]
[null,null,"Korea",null,null,"KRW"]
[null,null,"Kosovo",null,null,"EUR"]
[null,null,"Lao's People Democratic Republic",null,null,"LAK"]
[null,null,"Latvia",null,null,"LVL"]
[null,null,"Lesotho",null,null,"LSL"]
[null,null,"Liechtenstein",null,null,"CHF"]
[null,null,"Lithuania",null,null,"LTL"]
[null,null,"Luxembourg",null,null,"EUR"]
[null,null,"Macau",null,null,"MOP"]
[null,null,"Macedonia",null,null,"MKD"]
[null,null,"Malawi",null,null,"MWK"]
[null,null,"Malaysia",null,null,"MYR"]
[null,null,"Maldives",null,null,"MVR"]
[null,null,"Malta",null,null,"EUR"]
[null,null,"Mauritius",null,null,"MUR"]
[null,null,"Mexico",null,null,"MXN"]
[null,null,"Mongolia",null,null,"MNT"]
[null,null,"Myanmar",null,null,"MMK"]
[null,null,"Namibia",null,null,"NAD"]
[null,null,"Nepal",null,null,"NPR"]
[null,null,"Netherlands",null,null,"EUR"]
[null,null,"New Zealand",null,null,"NZD"]
[null,null,"Nicaragua",null,null,"NIO"]
[null,null,"Nigeria",null,null,"NGN"]
[null,null,"Norway",null,null,"NOK"]
[null,null,"Oman",null,null,"OMR"]
[null,null,"Pakistan",null,null,"PKR"]
[null,null,"Palestine",null,null,"ILS"]
[null,null,"Panama",null,null,"PAB"]
[null,null,"Paraguay",null,null,"PYG"]
[null,null,"Peru",null,null,"PEN"]
[null,null,"Philippines",null,null,"PHP"]
[null,null,"Poland",null,null,"PLN"]
[null,null,"Portugal",null,null,"EUR"]
[null,null,"Puerto Rico",null,null,"USD"]
[null,null,"Romania",null,null,"RON"]
[null,null,"Russian Federation",null,null,"RUB"]
[null,null,"Rwanda",null,null,"FRW"]
[null,null,"Saint Kitts and Nevis",null,null,"XCD"]
[null,null,"Saint Lucia",null,null,"XCD"]
[null,null,"Saint Vincent and the Grenadines",null,null,"XCD"]
[null,null,"Saudi Arabia",null,null,"SAR"]
[null,null,"Senegal",null,null,"XOF"]
[null,null,"Serbia",null,null,"RSD"]
[null,null,"Singapore",null,null,"SGD"]
[null,null,"Slovak Republic",null,null,"EUR"]
[null,null,"Slovenia",null,null,"EUR"]
[null,null,"South Africa",null,null,"ZAR"]
[null,null,"Spain",null,null,"EUR"]
[null,null,"Sri Lanka",null,null,"LKR"]
[null,null,"Suriname",null,null,"SRD"]
[null,null,"Swaziland",null,null,"SZL"]
[null,null,"Sweden",null,null,"SEK"]
[null,null,"Switzerland",null,null,"CHF"]
[null,null,"Taiwan",null,null,"TWD"]
[null,null,"Tanzania",null,null,"TZS"]
[null,null,"Thailand",null,null,"THB"]
[null,null,"The Bahamas",null,null,"BSD"]
[null,null,"Trinidad and Tobago",null,null,"TTD"]
[null,null,"Turkey",null,null,"TRY"]
[null,null,"Ukraine",null,null,"UAH"]
[null,null,"United Kingdom",null,null,"GBP"]
[null,null,"United States",null,null,"USD"]
[null,null,"Uruguay",null,null,"UYU"]
[null,null,"Venezuela",null,null,"VEF"]
[null,null,"Vietnam",null,null,"VND"]
[null,null,"Zambia",null,null,"ZMK"]

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[]
[]
[null,null,null,"Insurer and long-term investment"]
[]
[null,null,null,"OECD data collection from large insurance companies"]
[]
["Contact details"]
[]
["Name of the insurance company"]
[]
["Country"]
[]
["Name of Regulatory Authority"]
[]
["Survey completed by"]
[]
["Name"]
[]
["Position in the institution"]
[]
["E-mail"]
[null,null,null,null,null,null,null,"(macros need to be accepted before using the print button)"]
["Telephone number"]
[]
[]
["Instructions to fill in the questionnaire"]
[]
["The information required in the questionnaire refers to the year-end of 2014 and 2015."]
[]
["Question 1 of the survey asks the respondent to identify the reporting level of the data provided: consolidated (parent), branch, or subsidiary. We encourage respondents to submit data of the reporting level at which the assets are managed (in many cases the subsidiary level). In cases where we receive multiple reponses from different branches or subsidiaries of the same company, each portfolio will be treated as a unique observation in the survey population. All data collected will be treated absolutely confidentially. Data published in the report will be presented by regional consolidation and on a name-blind basis (e.g. Insurance Company A)."]
[]
[]
[]
["If your entity administers several types of business (i.e. life and non-life business), please provide separate portfolio-level information for all the types of business, if available. Otherwise, consolidated data can be submitted.    \nPlease note that given OECD classification standards, accident and health insurance is considered as non-life insurance. \n\n"]
[]
["For the definition of classes of non-life insurance, see the worksheet ",null,null,null,"Classes of non-life insurance"]
[]
["In order to best fill in the electronic data questionnaire, error formats have been implemented in the questionnaire. You will find below the description of each error format."]
["Invalid Total on Rows",null,null,"Activated when a category is not exactly equal to the sum of the corresponding sub-categories."]
["Inconsistent Data",null,null,"Activated when a sub-category is bigger than the category it belongs to. "]
[]
["When filling in the questionnaire, please consider the following conventional signs:"]
[null,"Data that is not available, or for which the breakdown is not available should be filled in as ND; they should not be left blank. "]
[null,"Data that is not applicable should be filled in as NA "]
[null,"Data that is confidential should be filled in as C"]

{"sheet":"Q1-3","index":2,"n_rows":40,"n_cols":7,"rows_kept":40,"cut":false,"hidden":false,"merged":[[6,0,6,5],[18,0,20,0],[25,0,26,0],[31,0,32,5]]}
[]
["Country:",{"$f":"Country","v":""}]
["Currency:",{"$f":"Currency","v":0}]
[]
["See definitions"]
[null,null,null,null,null,null,"Answer"]
["1. What type of business does your insurance company manage? (Life / Non-life / Composite / Reinsurance)"]
[]
["For the definition of classes of non-life insurance, see the worksheet ",null,null,null,"Classes of non-life insurance"]
[]
["1.a. What is the reporting level of the data provided in this survey?"]
[]
["select from drop-down menu:","Consolidated"]
[]
["2. Business Written in the Reporting Country"]
["In millions of national currency"]
[]
["a) Direct insurers",null,2014,2015]
["Gross written premiums","Direct business"]
[null,"Reinsurance accepted"]
[null,"Total gross premiums"]
["Premiums ceded"]
["Net written premiums"]
[]
["b) Reinsurers",null,2014,2015]
["Gross written premiums","Reinsurance accepted"]
[null,"Total gross premiums"]
["Premiums ceded"]
["Net written premiums"]
[]
[]
["3. Please state the annual gross and net nominal investment rates of return of your insurance company's portfolio (own account) assets at the end of 2012, 2013 and 2014, and 2015"]
[]
["In %. Net returns are net of fees and expenses"]
[]
[null,null,"End 2013","End 2014","End 2015"]
["Gross Return (%)"]
["Net Return (%)"]
[]
["Please specify the calculation method for average gross and net nominal investment rates of return"]

{"sheet":"Q4","index":3,"n_rows":58,"n_cols":6,"rows_kept":58,"cut":false,"hidden":false,"merged":[[10,4,10,5],[30,0,30,3],[34,0,34,3],[18,0,18,3],[29,0,29,3],[20,0,20,3],[22,0,22,3],[21,0,21,3],[28,0,28,3],[23,0,23,3],[14,0,14,3],[19,0,19,3],[10,0,11,3],[12,0,12,3],[13,0,13,3],[15,0,15,3],[16,0,16,3],[58,0,60,8],[44,0,44,8],[46,0,47,8],[53,0,54,8],[36,0,36,3],[51,0,52,8],[37,0,37,3],[48,0,49,8],[39,0,39,3],[33,0,33,3],[32,0,32,3],[35,0,35,3],[17,0,17,3]]}
[]
["Country:",{"$f":"Country","v":""}]
["Currency:",{"$f":"Currency","v":0},null,null,{"$f":"Method","v":""}]
[]
[]
["4. Asset allocation at the calendar year end of 2014 and 2015 (general/own account portfolio assets)"]
[]
["Note: Investments in mutual funds (Collective Investment Schemes) should be broken out and reallocated to the asset classes as shown in the table below. (If this is not possible, please place in other investments)"]
["For definitions of asset classes, please refer to ",null,null,null,"Description of asset classes"]
[]
[null,null,null,null,"Assets\nIn millions of national currency"]
[null,null,null,null,"End-2014","End-2015"]
["INVESTMENTS (a)\n(a)=(1) + (2) + (3) + (4) + (5) + (6) + (7) + (8) + (9) + (10)"]
["Cash and deposits (1)"]
["Fixed income* (2)"]
["Breakdown by type"]
["Government issued securities"]
["Of which: Investment grade"]
["Corporate issued securities"]
["Of which: Investment grade"]
["Structured products (including securitisations)"]
["Of which: Asset-backed securities"]
["Of which: Mortgage-backed securities"]
["Other fixed income (specify in comments)"]
["Memo items"]
["Inflation indexed bonds"]
["Municipal bonds"]
["Structured products"]
["Loans (3)"]
["Listed equity (4)"]
["Land and buildings (5)"]
["REITs"]
["Unlisted real estate equity"]
["Private equity (6)"]
["Unlisted infrastructure equity (7)"]
["Hedge funds (8)"]
["Commodities (9)"]
["Other investments (10)"]
["OTHER ASSETS (c)"]
["TOTAL ASSETS (d)\n(d) = (a) + (b) + (c)"]
["*Fixed income allocation equals government issued securities + corporate issued securities + securitisations + other fixed income"]
[]
[]
["For the category \"Other investments\", please state which specific asset classes are included:"]
[]
[]
["Please specify those asset classes which depart from the mark-to-market valuation method, and indicate the method applied (e.g., book value, amortised cost).  "]
[]
[]
[]
[]
["Please specify which accounting method is used to fill in the table above (e.g. IFRS, local GAAP). Please confirm if the data in the table above are given at the parent level. If not, please specify the basis of your accounting (e.g. consolidated basis)."]
[]
[]
[]
[]
[]
["Please add below any comments related to data limitations:"]

{"sheet":"Q5","index":4,"n_rows":40,"n_cols":15,"rows_kept":40,"cut":false,"hidden":false,"merged":[[27,5,28,5],[33,0,33,3],[27,0,28,3],[32,0,32,3],[37,0,37,3],[29,0,29,3],[30,0,30,3],[31,0,31,3],[36,0,36,3],[16,0,16,3],[17,0,17,3],[18,0,18,3],[19,0,19,3],[34,0,34,3],[20,0,20,3],[21,0,21,3],[22,0,22,3],[23,0,23,3],[3,4,3,8],[26,7,26,14],[41,0,42,14],[11,0,12,3],[11,4,12,4],[11,5,12,5],[11,7,11,14],[13,0,13,3],[14,0,14,3],[15,0,15,3],[38,0,38,3],[39,0,39,3],[27,4,28,4],[10,7,10,14],[27,7,27,14],[35,0,35,3]]}
[]
["Country:",{"$f":"Country","v":""}]
["Currency:",{"$f":"Currency","v":0},null,null,{"$f":"Method","v":""}]
[]
["Description of asset classes"]
[]
["5. Asset allocation by destination of investments and asset class at the calendar year end of 2014 and 2015"]
["In millions of national currency"]
[]
[]
[null,null,null,null,null,null,null,"Year End-2014"]
[null,null,null,null,"Domestic^","Foreign^"]
[null,null,null,null,null,null,"Total","North America (US, Canada)","Latin America and Caribbean","European Union","Other European countries and Russia","Middle East","Africa","Japan, Korea, Australia, New Zealand","Other Asian countries"]
["Cash and deposits"]
["Fixed income"]
["Loans"]
["Listed equity"]
["Land and buildings"]
["Private equity"]
["Unlisted infrastructure equity"]
["Hedge funds"]
["Commodities"]
["Other investments"]
["Total"]
[]
[]
[null,null,null,null,null,null,null,"End-2015"]
[null,null,null,null,"Domestic^","Foreign^"]
[null,null,null,null,null,null,"Total","North America (US, Canada)","Latin America and Caribbean","European Union","Other European countries and Russia","Middle East","Africa","Japan, Korea, Australia, New Zealand","Other Asian countries"]
["Cash and deposits"]
["Fixed income"]
["Loans"]
["Listed equity"]
["Land and buildings"]
["Private equity"]
["Unlisted infrastructure equity"]
["Hedge funds"]
["Commodities"]
["Other investments"]
["Total"]

{"sheet":"Q6","index":5,"n_rows":34,"n_cols":5,"rows_kept":34,"cut":false,"hidden":false,"merged":[[33,0,33,6],[34,0,37,6],[28,0,31,6],[27,0,27,6],[4,0,4,6],[13,0,13,2],[21,0,21,2],[17,0,17,2],[18,0,18,2],[7,0,7,4],[22,0,22,2],[23,0,23,2],[9,0,9,2],[24,0,24,2],[20,0,20,2],[16,0,16,2],[19,0,19,2],[10,0,10,2],[11,0,11,2],[12,0,12,2],[14,0,14,2],[15,0,15,2]]}
[]
["Country:",{"$f":"Country","v":""}]
["Currency:",{"$f":"Currency","v":0}]
[]
["6. Please describe the insurance company's target asset allocation (e.g. 40% equities, 50% bonds, 10% land and buildings) for the year end 2016 and for the longer term"]
["As a % of total assets"]
[]
["Longer term refers to the plan's long-term strategic asset allocation. The target allocation at year end 2016 would be different if a near-term asset allocation target was in effect."]
[]
["Asset class",null,null,"Year end 2016","Longer term"]
["Cash and deposits (1)"]
["Fixed-income (2)"]
["Of which: Government issued securities"]
["Corporate issued securities"]
["Structured products (including securitisations)"]
["Loans"]
["Listed equity (3)"]
["Alternative investment (4)"]
["Of which: Land and buildings"]
["                  Private equity"]
["                  Unlisted infrastructure equity"]
["Hedge funds"]
["Commodities"]
["Other investment (5)"]
["Total \n(1)+(2)+(3)+(4)+(5) should be 100%",null,null,{"$f":"SUM(D11,D12,D17,D18,D24)","v":0},{"$f":"SUM(E11,E12,E17,E18,E24)","v":0}]
[]
[]
["What are the main changes in your asset allocation since 2014 or the last three years (if applicable), and what are the reasons? What is the timeframe for implementation of the longer term target asset allocation and what are the main drivers?"]
[]
[]
[]
[]
[]
["What are the main drivers and constraints for your alternative investment decision (e.g.  size of returns, diversification, illiquidity premium, regulation, etc.)? Are there internal limits on investment such as foreign, currency, or asset class minimums/maximums?"]

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[]
["Country:",{"$f":"Country","v":""}]
["Currency:",{"$f":"Currency","v":0}]
[]
[]
["The following question 7 is about your investment in infrastructure, using a broad definition of infrastructure based on physical characteristics (e.g. transport, utilities & energy, communications, social infrastructure) including all financial instruments. Further breakdown by financial instrument used is requested for question 8."]
[]
["7. Infrastructure Allocation Description (in Dec 2014, Dec 2015)",null,null,null,null,"Answer"]
[null,null,null,null,null,"End-2014","End-2015"]
["7.a Do you or did you have infrastructure exposure? (Yes/No - please specify for each year)                                                                                     (If NO then go to question 8.b)\n"]
[]
["- Do you or did you have a separate allocation to infrastructure? (Yes/No - please specify for each year)"]
["- Has your TARGET allocation increased, decreased or remained the same compared to the previous year? (Increased/Decreased/the same/ N.A.)"]
["- Has your ACTUAL allocation increased, decreased or remained the same compared to the previous year? (Increased/Decreased/the same/ N.A.)"]
["- Do you invest in greenfield projects? (Yes/No/Considering to invest) "]
["7.b If you do NOT have infrastructure exposure"]
[null,null,null,null,null,"Answer"]
["- Are you planning to adopt an infrastructure allocation in the next 1-2 years (Yes/No)"]
["- If you are not planning to adopt an infrastructure allocation in the future, please give further details on the main reasons for not investing"]
[]
[]
["8. Infrastructure exposure - detailed breakdown. Please complete the tables below with your actual (at the end of 2014 and 2015) and target allocation (as a % of total portfolio assets) to infrastructure according to different instruments. Please add any comments in the dedicated places."]
[]
["Infrastructure -  Unlisted Equity",null,"Actual (End-2014)",null,"Actual (2015)",null,"Target"," Within your portfolio, it is placed as: Infrastructure / Real Estate / Private Equity / Equity / Fixed Income / other etc. ? ","Trailing returns (net), ending December 2015"]
[null,null,"Millions of national currency","% of total portfolio assets","Millions of national currency","% of total portfolio assets","% of total portfolio assets",null,"1 year","3 years","5 years","Since inception"]
["Unlisted infrastructure funds"]
["Direct (and Co- Investment) unlisted infrastructure companies"]
["Other Specify"]
["Total",null,{"$f":"'Q4'!E35","v":0},null,{"$f":"'Q4'!F35","v":0}]
[null,null,"to reconcile with Question 4 Cell E35",null,"to reconcile with Question 4 Cell F35"]
["Comments"]
[]
[]
[]
[]
["Infrastructure - Listed Equity",null,"Actual (End-2014)",null,"Actual (2015)",null,"Target"," Within your portfolio, it is placed as: Infrastructure / Real Estate / Private Equity / Equity / Fixed Income / other etc. ? "]
[null,null,"Millions of national currency","% of total portfolio assets","Millions of national currency","% of total portfolio assets","% of total portfolio assets"]
["Listed infrastructure funds"]
["Listed infrastructure corporates"]
["Other Specify"]
["Total"]
[]
["Comments"]
[]
[]
[]
[]
["Infrastructure - Debt",null,"Actual (End-2014)",null,"Actual (2015)",null,"Target"," Within your portfolio, it is placed as: Infrastructure / Real Estate / Private Equity / Equity / Fixed Income / other etc. ? "]
[null,null,"Millions of national currency","% of total portfolio assets","Millions of national currency","% of total portfolio assets","% of total portfolio assets"]
["Infrastructure Loans"]
["Infrastructure Bonds"]
["Other Specify"]
["Total"]
[]
[]
["9. Infrastructure Sector Investment - Detailed breakdown by sector of only unlisted infrastructure equity investments. Please complete the tables below with your actual (at the end of 2014 and 2015) and target allocation (as a % of total portfolio assets) to unlisted infrastructure equity according to sectors, also providing returns where available. Note the two sections which separately ask for infrastructure economic sector, and investment phase. Please add any comments in the dedicated place."]
[]
["Unlisted Infrastructure equity investment",null,"Actual (End-2014)",null,"Actual (End-2015)",null,"Target","Trailing returns (net), ending December 2015"]
[null,null,"Millions of national currency","% of total portfolio assets","Millions of national currency","% of total portfolio assets","% of total portfolio assets","1 year","3 years","5 years","Since inception"]
["By Sector:"]
["Transport"]
["Energy"]
["  Of which: renewable energy"]
["Of which: Solar"]
["Of which: Onshore wind"]
["Of which: Offhsore wind"]
["Of which: Other (please specify in comments section)"]
["Telecommunication"]
["Social Infrastructure"]
["Other (Specify below)"]
["Total",null,{"$f":"'Q4'!E35","v":0},null,{"$f":"'Q4'!F35","v":0}]
[null,null,"to reconcile with Question 4 Cell E35",null,"to reconcile with Question 4 Cell F35"]
["By Phase:"]
["Greenfield"]
["Brownfield"]
["Uncategorised"]
["Total",null,{"$f":"'Q4'!E35","v":0},null,{"$f":"'Q4'!F35","v":0}]
[null,null,"to reconcile with Question 4 Cell E35",null,"to reconcile with Question 4 Cell F35"]
[]
["To what extent have current and emerging regulatory constraints impacted your ability to efficiently deploy capital to infrastructure investments? What role do infrastructure assets play in your investment portfolio? What attributes do these investments bring to your investment portfolio?"]

{"sheet":"Q10","index":7,"n_rows":36,"n_cols":5,"rows_kept":36,"cut":false,"hidden":false,"merged":[[37,0,39,5],[15,0,15,2],[16,0,16,2],[17,0,17,2],[35,0,35,4],[11,0,11,2],[12,0,12,2],[13,0,13,2],[14,0,14,2],[7,0,7,5]]}
[]
["Country:",{"$f":"Country","v":""}]
["Currency:",{"$f":"Currency","v":0}]
[]
[]
["10. \"Green\" investments",null,"Description of asset classes"]
[]
["Please indicate the amount invested in \"green\" investment products at the end of 2014 and 2015"]
["In millions of national currency"]
[]
[null,null,null,"End-2014","End-2015"]
["\"Green\" equity"]
["\"Green\" bonds"]
["Alternative \"green\" asset classes"]
["Other \"green\" investments (please specify below):"]
["                                                                                                   "]
["                                                                                                   "]
["                                                                                                   "]
[]
["Note: Examples of \"green\" investment products:"]
["    1. \"Green\" equity such as: "]
["             - Green equity could include products that invest actively or passively against green equity indices such as S&P Global Eco Index (or from any index provider), strategies that employ ESG screening "]
["               techniques (negative and positive screens), engagement strategies, ESG equity overlays, and more specific strategies that focus on, for example, renewable energy, water, and low-carbon investing."]
[]
["    2. \"Green\" bonds such as: "]
["            -  Green bond exposure could include labelled green bonds or climate-aligned unlabelled green bonds, with a diverse set of issuers such as government, supranational,"]
["               agency, corporates, project bonds, ABS, etc."]
["             - Some specfic examples include European investment bank – Climate awareness bonds, US Treasury – clean renewable energy bonds, SEB & Credit Suisse – World Bank/IFC green bonds, etc.  "]
[]
["    3. Alternatives: "]
["             - Can be real estate investment that is environmentally acceptable, such as those improving energy efficiency, recycling, reducing greenhouse gases, "]
["               carbon footprinting, etc."]
["             - Strategies that invest, for instance, in environmental technology infrastructure (e.g., wind farms, solar panels, etc), clean technology private equity/venture capital, etc."]
[]
[]
["What is your definition of green investment? Do you have a target allocation or a specific policy?"]

{"sheet":"Q11","index":8,"n_rows":29,"n_cols":5,"rows_kept":29,"cut":false,"hidden":false,"merged":[[11,0,11,2],[19,0,19,5],[21,0,25,5],[28,0,44,4],[13,0,13,2],[14,0,14,2],[15,0,15,2],[16,0,16,2],[17,0,17,2]]}
[]
["Country:",{"$f":"Country","v":""},null,null,{"$f":"Type","v":""}]
["Currency:",{"$f":"Currency","v":0}]
[]
[]
["11. \"Social\" Investments",null,"Description of asset classes"]
[]
["Please indicate the amount invested in \"social\" investment products or strategies, social/development impact venture capital, and impact investments at the end of 2014 and 2015"]
["In millions of national currency"]
[]
[null,null,null,"End-2014","End-2015"]
["Social/development impact venture capital/SME finance"]
["Social impact bonds/Development impact bonds"]
["Other social investments (please specify below):"]
[]
["                                                                                                   "]
["                                                                                                   "]
["                                                                                                   "]
[]
["What is your definition of social impact investments? Do you have a specific target allocation, policy, mandate, or statute that requires allocations to certain social investments?"]
[]
[]
[]
[]
[]
[]
[]
[]
["Note: Examples of \"social\" investments:\n1. Social/development impact venture capital and SME Finance: examples include social venture capital investments, and specific mandates that target local investment in start-up firms or SMEs with a desired positive impact on employment and local market development, and positive social outcomes                                                                                                                                                                                                                                                                           2. Social and Development Impact Bonds: Instruments specifically designed to pay investors when a certain social or development outcome, designated at inception in the contract, is achieved\n\n   "]

{"sheet":"Classes of non-life insurance","index":9,"n_rows":92,"n_cols":3,"rows_kept":92,"cut":false,"hidden":false,"merged":[[13,2,13,8],[28,2,28,8],[31,2,31,8],[34,2,34,8],[43,2,43,8]]}
[]
[]
[null,"DEFINITIONS OF CLASSES OF NON LIFE INSURANCE"]
[null,"(Definitions are based on OECD common classification of the classes of insurance)"]
[]
[null,"Classes","Definitions"]
[]
[null,"1. MOTOR VEHICLE","LAND VEHICLES (other than railway rolling stock)"]
[null,null,"All damage to or loss of:"]
[null,null,"- Land motor vehicles,"]
[null,null,"- Land vehicles other than motor vehicles."]
[]
[null,null,"MOTOR VEHICLE LIABILITY"]
[null,null,"All liability arising out of the use of motor vehicles operating on land (including carriers' liability)."]
[]
[null,"2. TRANSPORT","RAILWAY ROLLING STOCK AND OTHER TRANSPORT"]
[null,null,"All damage to or loss of railway rolling stock."]
[]
[null,null,"AIRCRAFT"]
[null,null,"All damage to or loss of aircraft."]
[]
[null,null,"SHIPS (sea, lake, and river and canal vessels)"]
[null,null,"All damage to or loss of:"]
[null,null,"- River and canal vessels,"]
[null,null,"- Lake vessels,"]
[null,null,"- Sea vessels."]
[]
[null,null,"LIABILITY FOR SHIPS (sea, lake, and river and canal vessels)"]
[null,null,"All liability arising out of the use of ships, vessels or boats on the sea, lakes, rivers or canals (including carrier's liability)."]
[]
[null,"3. FREIGHT","GOODS IN TRANSIT (including merchandise, baggage and all other goods)"]
[null,null,"All damage to or loss of goods in transit or baggage, irrespective of the form of transport."]
[]
[null,"4. FIRE AND OTHER PROPERTY DAMAGE","FIRE AND NATURAL FORCES"]
[null,null,"All damage or loss of property (other than property included in classes 3, 5, 6 and 7) due to: "]
[null,null,"- Fire"]
[null,null,"- Explosion"]
[null,null,"- Storm"]
[null,null,"- Natural forces other than storm"]
[null,null,"- Nuclear energy"]
[null,null,"- Land subsidence"]
[]
[null,null,"OTHER DAMAGE TO PROPERTY"]
[null,null,"All damage to or loss of property (other than property included in classes 3, 5, 6 and 7) due to hail or frost, and any event such as theft, other than those mentioned under 8."]
[]
[null,"5. PECUNIARY LOSS","CREDIT"]
[null,null,"- Insolvency (general)"]
[null,null,"- Export credit"]
[null,null,"- Instalment credit"]
[null,null,"- Mortgages"]
[null,null,"- Agricultural credit"]
[]
[null,null,"SURETYSHIP"]
[null,null,"- Suretyship (direct)"]
[null,null,"- Suretyship (indirect)"]
[]
[null,null,"MISCELLANEOUS FINANCIAL LOSS"]
[null,null,"- Employment risks"]
[null,null,"- Insufficiency of income (general)"]
[null,null,"- Bad weather"]
[null,null,"- Loss of benefits"]
[null,null,"- Continuing general expenses"]
[null,null,"- Unforeseen trading expenses"]
[null,null,"- Loss of market value"]
[null,null,"- Loss of rent or revenue"]
[null,null,"- Indirect trading losses other than those mentioned above"]
[null,null,"- Other financial loss (non-trading)"]
[null,null,"- Other forms of financial loss"]
[]
[null,"6. GENERAL LIABILITY","GENERAL LIABILITY"]
[null,null,"All liability other than motor vehicle, aircraft liability and liability for ships"]
[null,null," as defined above."]
[]
[null,"7. ACCIDENT AND SICKNESS","ACCIDENT (including industrial injury and occupational diseases)"]
[null,null,"- Fixed pecuniary benefits"]
[null,null,"- Benefits in the nature of indemnity"]
[null,null,"- Combinations of the two"]
[null,null,"- Injury to passengers"]
[]
[null,null,"SICKNESS"]
[null,null,"- Fixed pecuniary benefits"]
[null,null,"- Benefits in the nature of indemnity"]
[null,null,"- Combinations of the two"]
[]
[null,"8. OTHER NON-LIFE INSURANCE","LEGAL EXPENSES"]
[null,null,"Legal expenses and costs of litigation."]
[]
[null,null,"ASSISTANCE"]
[]
[null,null,"MISCELLANEOUS"]
[]
[null,"9. TREATY REINSURANCE"]

{"sheet":"Definitions","index":10,"n_rows":18,"n_cols":2,"rows_kept":18,"cut":false,"hidden":false,"merged":[]}
[]
["Definitions"]
[]
["Term","Definition"]
["Unit-linked product","Also called Unit Linked Insurance Plan (ULIP), a type of insurance vehicle in which the policyholder purchases units in investment funds at their net asset values and can choose from a range of different funds to suit his/her attitude to risk. Investment funds are invested in a mix of assets (such as stock, bonds or mutual funds, depending upon the list of qualified investments). Depending on the performance of the fund chosen, the policyholder may achieve gains or losses on his/her investments."]
["Gross premiums","Gross premiums are total premiums written, excluding any premium taxes or other charges, but before deduction of commissions or reinsurance outwards. "]
["Direct business","Includes all direct business."]
["Reinsurance accepted","Includes all reinsurance business accepted. Facultative reinsurance may be included under \"Direct business\" or \"Reinsurance Accepted\" according to practice in the reporting country."]
["Total gross premiums","This is the total of the two previous rows. The figure should be given even if it has not been possible to make the split between Direct and Reinsurance business."]
["Premiums ceded","Includes all premiums (reinsurance and retrocession) ceded."]
["Net written premiums","Normally \"Net Written Premiums\" should be equal to total \"Total gross Premiums\" less \"Premiums Ceded\". If there are special problems which prevent this relationship from holding given the definitions provided, then appropriate compensatory element should be included under \"Premiums Ceded\" so that it does not hold in the figures supplied."]
["Gross claims paid","Gross claims payments, covering all gross payments on claims made during the financial year, are to be used in the calculation of gross claims incurred."]
["Gross operating expenses","Gross operating expenses should normally mean the sum of acquisition costs, change in deferred acquisition costs and administrative expenses."]
["Shareholder equity","Shareholder equity represents the net worth of a company after deducting all liabilities."]
["Net income","Net income is the profit, or total earnings, recorded by a company."]
["Gross investment return (nominal)","Total return, including realized and unrealized gains and losses (based on market values) plus income, before discounting any investment management costs and using a time-weighted calculation methodology. The return should be given in nominal terms (before inflation) and in percent."]
["Net investment return (nominal)","Total return, including realized and unrealized gains and losses (based on market values) plus income, after discounting any investment management costs and using a time-weighted calculation methodology. The return should be given in nominal terms (before inflation) and in percent."]
["Derivatives","Financial derivatives are financial instruments that are linked to a specific financial instrument or indicator or commodity, and through which specific financial risks can be traded in financial markets in their own right; their value derives from the price of the underlying item (i.e. the reference price) and, unlike debt instruments, no principal amount is advanced to be repaid and no investment income accrues. "]

{"sheet":"Description of asset classes","index":11,"n_rows":57,"n_cols":5,"rows_kept":57,"cut":false,"hidden":false,"merged":[[26,0,26,3],[25,0,25,3],[24,0,24,3],[4,0,4,3],[6,0,6,3],[10,0,10,3],[12,0,12,3],[7,0,7,3],[8,0,8,3],[9,0,9,3],[13,0,13,3],[11,0,11,3],[14,0,14,3],[21,0,21,3],[23,0,23,3],[15,0,15,3],[22,0,22,3],[16,0,16,3],[17,0,17,3],[18,0,18,3],[19,0,19,3],[20,0,20,3],[45,0,45,3],[38,0,38,3],[40,0,40,3],[42,0,42,3],[43,0,43,3],[44,0,44,3],[41,0,41,3],[37,0,37,3],[27,0,27,3],[30,0,30,3],[32,0,32,3],[29,0,29,3],[28,0,28,3],[31,0,31,3]]}
[]
["Description of asset classes used in the questionnaire"]
["You will find below descriptions of asset classes included in this questionnaire."]
[]
["Asset class",null,null,null,"Definition"]
["INVESTMENTS",null,null,null,"All forms of investment with a value associated to an insurance company. This total should be the sum of the following asset classes: \"Cash and deposits\", \"Fixed income\", \"Loans\", \"Listed equity\", \"Land and buildings\", \"Private equity\", \"Unlisted infrastructure investment\", \"Hedge funds\", \"Commodities\" and \"Other investments\"."]
["Cash and deposits",null,null,null,"Cash are current account and other short-term savings in the financial system. Deposits are funds 'placed on deposit' with a financial institution and do not include certificates of deposit or other short-term securities. Includes cash underlying derivative positions but does not include notional value of long/short derivative positions"]
["Fixed income",null,null,null,"Bills and bonds issued or guaranteed by central and local governments and the National Debt offices as well as securities/bills issued by companies, including financial and non-financial enterprises, and securitisations."]
["Breakdown by type"]
["Government issued securities",null,null,null,"Bills and bonds issued or guaranteed by central and local governments and the National Debt Offices (Long term and short term), and structured products."]
["Of which: Investment grade",null,null,null,"Government securities which have a high bond rating such as BBB- or above."]
["Corporate issued securities",null,null,null,"Securities/bills issued by companies, financial and non-financial enterprises. Bonds issued by banks and other financial institutions."]
["Of which: Investment grade",null,null,null,"Corporate securities which have a high bond rating such as BBB- or above"]
["Securitisations",null,null,null,"Pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs)."]
["Of which: Asset-backed securities",null,null,null,"Securities collateralized by loans, leases, unsecured receivables, or instalment contracts on personal property, automobiles, or credit cards. The cash flows generated by the underlying obligations are used to pay principal and interest to the asset-backed security holders."]
["Of which: Mortgage-backed securities",null,null,null,"Securities backed by mortgages, including pass-through securities, mortgage-backed bonds, mortgage pay-through securities, and collateralized mortgage obligations."]
["Other fixed income",null,null,null,"fixed income instruments that do not fit into the previous three categories (government, corporate and securitisations). "]
["Memo items"]
["Inflation-indexed bonds",null,null,null,"Bonds where the principal is indexed to inflation."]
["Municipal bonds",null,null,null,"Bonds issued by local governments. This line item should include general obligations, revenue bonds, taxable and non-taxable issues. Infrastructure related municipal bonds should also be included."]
["Structured products",null,null,null,"Structured products are investment instruments that combine at least one derivative with traditional assets such as equity and fixed-income securities. The value of the derivative may depend on one or several underlying assets. Furthermore, unlike a portfolio with the same constituents, the structured product is usually wrapped in a legally compliant, ready-to-invest format and in this sense it is a packaged portfolio. "]
["Loans",null,null,null,"Consumer credit, bank loans, mortgage loans, financial leases and other loans, including commercial bills, hire purchase and other instalment credits, and all other types of loans not bound to bearer bonds."]
["Listed equity",null,null,null,"All forms of shares in the capital of enterprises, quoted shares and other equities."]
["Land and buildings",null,null,null,"Real estate investment involving direct ownership by the insurance company of land and buildings. Real estate funds should be included under this category."]
["REITs",null,null,null,"Listed real estate companies"]
["Unlisted real estate",null,null,null,"Investment in unlisted real estate funds - real estate limited partnerships - which focus on active management of properties other than REITs. Includes direct real estate holdings."]
["Private equity",null,null,null,"Equity capital that is not quoted on a public exchange. It includes both direct investments into unlisted equity as well as investments via a private equity fund."]
["Unlisted infrastructure investment",null,null,null,"Broad definition based on physical characteristics (e.g. Transport, Utilities & Energy, Communications, Social Infrastructure, etc.). Unlisted infrastructure investment includes direct (and co-investment) equity investments in infrastructure projects and unlisted infrastructure equity funds."]
["Hedge funds",null,null,null,"Managed pool of capital which is allowed to employ much more aggressive investing strategies unavailable to Collective Investment Schemes, including selling short, leverage, program trading, swaps, arbitrage, and derivatives. Includes funded Absolute Return Strategies. "]
["Commodities",null,null,null,"Refers to actual physical exposures in commodities (i.e. bulk goods and raw materials, such as grains, metals, livestock, oil, cotton, coffee, sugar, and cocoa, that are used to produce consumer products) commodity funds or products that may invest in an index realted to commodities."]
["Other investments",null,null,null,"Financial assets not included in the above categories e.g.  trade credits and advances and other accounts receivables and payables."]
["OTHER ASSETS",null,null,null,"Assets not considered as investments nor reinsured technical provisions."]
["TOTAL ASSETS",null,null,null,"Balance sheet item representing what the insurance company owns. This includes financial and non-financial assets."]
[]
["Back to Q4"]
[]
["Breakdown by region"]
[]
["North America",null,null,null,"Foreign investments in Canada and the U.S."]
["Latin America and Caribbean",null,null,null,"Foreign investments in Latin American and Caribbean countries"]
["European Union",null,null,null,"Foreign investments in countries belonging to the European Union."]
["Other European countries and Russia",null,null,null,"Foreign investments in European countries outside the European Union, and Russia."]
["Middle East",null,null,null,"Foreign investments in Middle-East Countries"]
["Africa",null,null,null,"Foreign investments in African Countries"]
["Japan, Korea, Australia, New Zealand",null,null,null,"Foreign investments in Japan, Korea, Australia, New Zealand"]
["Other Asian countries",null,null,null,"Foreign investments in Asian countries, except Japan, Korea, Russia."]
[]
["Back to Q5"]
[]
["\"Green\" investments"]
[]
["\"Green\" investments",null,null,null,"\"Green\" investments refer broadly to low carbon and climate resilient investments made in companies, projects and financial instruments that operate primarily in the renewable energy, clean technology, environmental technology  as well as those investments that are climate change specific or ESG screened. It is difficult to clearly define green or ESG investments since the criteria used by instutional investors may vary. We provide a loose description but leave it up to survey respondents to determine criteria used, and provide an open ended question as part of question ten to expound further on what green or ESG investing means to the organization responding to the survey.\nIn terms of the OECD’s Green Growth Strategy, these would include energy efficiency projects, many types of renewable energy (excluding large scale hydroelectric power), carbon capture and storage, nuclear power, smart grids and electricity demand side-management technology, new transport technologies (electric vehicles), floodplain levees and coastal protection as well as sustainable agriculture and water infrastructure."]
["\"Green\" equity",null,null,null,"\"Green\" equity includes equities of “pure play” green companies, \"green\" indices, mutual funds, and ETFs, ESG screened equities."]
["\"Green\" bonds",null,null,null,"\"Green\" bonds include debt securities issued by governments, multi-national banks or corporations in order to raise capital for \"green\" projects."]
["Alternative \"green\" asset classes",null,null,null,"The most common vehicles for \"green\" investing are real estate funds and infrastructure funds, which are often organized as private equity vehicles."]
[]
["Back to Q10"]