5EContent of Financial Outlook Report

5E Content of Financial Outlook Report

For the purposes of subsection 40A(1) of the Act, a Financial Outlook Report must set out the following: (a) an overview of the performance of the cyclone reinsurance scheme during the financial year; (b) observations on broader financial risks affecting the scheme’s financial outlook; (c) an assessment of the adequacy of: (i) the premiums the Corporation is receiving under cyclone reinsurance contracts; and (ii) the Corporation’s reserves that are available to meet claims under those contracts; (d) observations on capital management for the purposes of the scheme; (e) projections for financial outcomes for the scheme, based on estimates of future claims under cyclone reinsurance contracts; (f) any other matters that the Corporation considers material to the current and future financial situation of the scheme.