According to the IMT (Life) renew contract meeting (existing contract was ended in June 2013), we had discussed about possibility to do a renewal contract with IMT-Life. Actuarial Team mentioned that so far we got lost on this project since IMT’s compensation structure currently asked as fixed cost, especially digital recording fee which was the fixed amount that GT had to pay to IMT-Life.
As the result of this, comparing with IMT-Life’s productions nowadays with fixed cost structure, GT have been getting lost with so far production that IMT-Life produces to GT.
Finally, Actuarial Team confirms that GT cannot do a renewal contract for this project.
Thus, we have agreed to move with the action as following;