Fitch expects this pressure on capital to persist, as there will be a further requirement to build up the ZZR in 2014.įitch expects new business to grow moderately in 2014, supported by product innovations. The Zinszusatzreserve (ZZR), an additional reserving requirement in place since 2011, has reduced current statutory solvency ratios, although it helps to protect companies in a prolonged low interest rate environment. The persistent low interest rate environment has had a negative effect on the capital buffers of German life insurers, which have been on a declining trend since 2008. The outcome of these simulations supports Fitch’s view that rated German life insurance companies are reasonably well prepared to meet the sector’s current challenges. Here’s a Word 2011 document showing invisible characters.“There is considerable pressure on the ability of the insurance companies to earn a decent return on their investments, but Fitch expects rated German life companies to meet policyholders’ guarantees,” says Stephan Kalb, Senior Director in Fitch’s Insurance team.įitch has simulated run-off scenarios for life insurance portfolios and associated investment portfolios with different assumptions. Most of the requests I get on this topic concern turning invisibles off, because since the user often doesn’t know how he turned those invisible characters on, he also doesn’t know how to turn them off.
Those characters are just as “charactery” as anything else you type– they take up space, they’re copy and paste-able, you can give them a point size– but they’re invisible, and they don’t print.
Microsoft Word on the Mac has a nice feature that lets you show invisible (non-printing) characters such as returns, tabs, and spaces. Command-8 to show them, Command-8 again to hide them. There’s a keyboard shortcut for toggling invisible characters (like paragraph marks, and spaces, and tabs) in Microsoft Word on a Mac and as far as I know it’s worked in every version, since the very beginning.
0 kommentar(er)
