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Release Calls

 

Release Calls

An actuarial assessment is undertaken to establish the level of release calls for each policy year, as the various risks to which the club is exposed and the long-tail nature of claims development could lead to a wide variety of profit and loss outcomes. The club has considered each of a large number of possible results to assess the probability of the free reserves falling to a level at which a supplementary call might be made. The size of such a supplementary call, weighted by the probability of requiring a call of that size, represents the liability foregone by a member that leaves the club.

A benchmark release call rate is calculated as this amount plus a risk transfer premium, adjusted to take into account any commercial or market considerations.

Policy year

20 May 2020 20 May 2019 20 May 2018 20 May 2017 20 May 2016 20 May 2015
2020/21 6          
2019/20

0

6

 

     
2018/19

0

0

6

 

   
2017/18  

0

0

6

   
2016/17     0 0 7  
2015/16       0 3 7
2014/15         2 3


In line with recent years, the club is sufficiently confident in its balance sheet strength to maintain relatively low levels of release calls, as compared to other IG clubs, of 0% for 2018/19, 0% for 2019/20 and 6% for 2020/21.

The London class release calls are set at 0% for each of the three open policy years.