Abbreviations

A&E
Asbestos and environmental pollution claims
ABC
Activity-based costing
ABI
Association of British Insurance Companies
AEX
Amsterdam Exchange index
AFS
Available for sale
AG
Actuarial Society (Actuarieel Genootschap)
ALCO
Asset & Liability Committee
AOV
Occupational disability insurance (Arbeidsongeschiktheidsverzekering)
AVIF
Acquired value of in-force business
CBS
Statistics Netherlands (Centraal Bureau voor de Statistiek)
CDO
Collateralised debt obligation
CFO
Chief Financial Officer
Coll-AAA curve
Collateralised AAA curve
COR
Combined operating ratio
DIL
Longevity risk product (Direct ingaande lijfrente)
DNB
Dutch Central Bank (De Nederlandsche Bank NV)
DPF
Discretionary participating features
ECB
European Central Bank
EONIA
Euro OverNight Index Average
EMTN
Euro Medium Term Note
EV
Embedded value
FBA
Friesland Bank Assurantiën Holding
FSMA
Financial Services and Market Authority of Belgium
FTE
Full-time equivalent
FVTPL
Fair value through profit or loss
GAAP
Generally accepted accounting principles
GBD
Group business development
GBM/V
Entire population male/female (Gehele Bevolking Mannen/Vrouwen)
IAS
International Accounting Standard
IASB
International Accounting Standards Board
IBNR
Incurred but not reported
IFRIC
International Financial Reporting Interpretations Committee
IGD
Insurance Group Directive
IFRS
International Financial Reporting Standards
INK model
Management model (Instituut Nederlandse Kwaliteit model)
ISAE
International Standard on Assurance Engagement
KAZO
Contact Committee for Disability, Sickness and Accident Insurance (Kontaktcommissie Arbeidsongeschiktheid- Ziekengeld- en Ongevallenverzekeringen)
LAT
Liability adequacy test
LCR
Liquidity coverage ratio
MFRK
Male/female interest capital (Male/Female Rente Kapitaal)
NBB
National Bank of Belgium (Nationale Bank van België)
NYSE Euronext
New York Stock Exchange Euronext
OCI
Other comprehensive income
OIS
OverNight Index Swap
ORIC
Operational Risk Consortium
OTC
Over-the-counter
PEMBA
Differentiation in contributions and market forces for occupational disability insurance Act (Wet premiedifferentiatie en marktwerking bij arbeidsongeschiktheidsverzekeringen)
PPSP
Phantom performance share plan
PSP
Performance share plan
RCM
Risk control matrix
Repo
Repurchase agreement
RfB
Rückstellung für Beitragsrückerstattungen (provision for premium refunds)
RICS
Royal Institution of Chartered Surveyors
RMBS
Residential mortgage-backed security
RMS
Risk Management Solutions (catastrophe model)
SAS
Statement on Auditing Standards
SEC
Securities and Exchange Commission
SIC
Standing Interpretations Committee
SOx
Sarbanes-Oxley Act
SPV
Special purpose vehicle
Stadim index
Study & Advice of real estate index in Belgium (Studie &

Advies in immo index)

STI
Short-term incentive
UFR
Ultimate forward rate
VIP-is
Variable Incentive Plan for identified staff
VIP-om
Variable Incentive Plan for other managers
VIU
Value in use
WAO
Occupational Disability Insurance Act (Wet op de arbeidsongeschiktheids-

verzekering)

Wft
Financial Supervision Act (Wet op het financieel toezicht)
WGA-ER
Return to work of partially disabled persons scheme-own risk (Regeling werkhervatting gedeeltelijk arbeidsgeschikten eigen risico)
WIA
Work and Income (Capacity for Work) Act (Wet werk en inkomen naar arbeidsvermogen)

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