## F.12 Covering Hybrid Insurance and Pension Products

## Source details

**Canonical URL:** [F.12 Covering Hybrid Insurance and Pension Products](https://www.imf.org/-/media/files/data/statistics/bpm6/fitt/fitt-f12-covering-hybrid-insurance-and-pension-products.pdf)

## Other formats

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### Instructions and Purpose
- The guidance note (GN) examines how to treat insurance products that combine nonlife insurance features with financial investment elements which make them similar to life-insurance.
- The GN also examines how to treat employer-independent pension schemes.
- Coordinated answers are recommended between the national agencies responsible for national accounts and balance of payments compilation (for example, National Statistics Office and Central Bank).
- If only one agency is providing a coordinated answer concerning national accounts and balance of payments, indicate that in Question 2.
- A printable version of the questionnaire is available for convenience.
- Contact emails: STABPM6Update@imf.org or sna@un.org.

### Respondent Information and Scope (Questions 1–3)
- Question 1: Provide respondent information
  - Country ________________________________________
  - Institution/Organization ________________________________________
  - Name ________________________________________
  - Position/Title ________________________________________
  - Email ________________________________________
- Question 2: Your response concerns which area of macroeconomic statistics*:
  -  National Accounts
  -  Balance of Payments
  -  Both National Accounts and Balance of Payments
- Question 3: Is there a need for clarification on the recording of hybrid insurance and pension products in the Balance of Payments and National Accounts?* 
  -  Yes
  -  No

### Conceptual Issues / Recommendations (Questions 4–7)
- Question 4: What proposed option in paragraph 13 do you favor for the classification of hybrid insurance products?
  -  Option 1
  -  Option 2
  -  Option 3
  -  Undecided (If chosen, move to Question 8.)
- Question 5: Please provide arguments in support of your response (framed textboxes expand automatically).
- Question 6: What proposed option in paragraph 20 do you favor for the classification of autonomous employer-independent pension schemes?
  -  Option 1
  -  Option 2
  -  Option 3
  -  Undecided (If chosen, move to Question 10.)
- Question 7: Please provide arguments in support of your response (framed textboxes expand automatically).

### Practical Implementation (Questions 8–14)
- Question 8: From a practical perspective, does your institution have access to the relevant source data to implement the recommendations for the treatment of hybrid insurance products?
  - Option 1   Yes   No
  - Option 2   Yes   No
  - Option 3   Yes   No
- Question 9: For Options 1, 2, and 3 in Q8, please select any challenges you would face in implementing any of them in practice.
  - Technical Capacity
  - Other challenge (please specify)
  - Option 1  __________________________
  - Option 2  __________________________
  - Option 3  __________________________
- Question 10: Would your institution be interested in participating in an experimental estimates exercise to implement? 
  - (This Question is Conditionally shown if: (9 [Technical Capacity] Count = 0 AND 8 = Yes) is selected.)
  - Option 1 
  - Option 2 
  - Option 3 
- Question 11: From a practical perspective, does your institution have access to the relevant source data to implement the recommendations for the treatment of employer-independent pension schemes?
  - Option 1   Yes   No
  - Option 2   Yes   No
  - Option 3   Yes   No
- Question 12: For Options 1, 2 and 3 in Q11, please select any challenges you would face in implementing any of them in practice.
  - Technical Capacity
  - Other challenge (please specify)
  - Option 1  ____________
  - Option 2  ____________
  - Option 3  ____________
- Question 13: Would your institution be interested in participating in an experimental estimates exercise to implement?
  - (This Question is Conditionally shown if: (12 [Technical Capacity] Count = 0 AND 11 = Yes) is selected.)
  - Option 1 
  - Option 2 
  - Option 3 
- Question 14: If your institution is interested in participating in an experimental estimates exercise, would you need to receive technical assistance?
  -  Yes
  -  No

*  means that a response is required.

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_Source: https://www.imf.org/-/media/files/data/statistics/bpm6/fitt/fitt-f12-covering-hybrid-insurance-and-pension-products.pdf_