• PINS Part 3.4 PINS Part 3.4 Risk-based capital requirement

    Amended by QFCRA RM/2013-1 and Editorial changes (as from 1st January 2015).

    • PINS 3.4.1 What is an insurer's risk-based capital requirement?

      (1) The risk-based capital requirement for an insurer that, under rule 3.8.1 (a), has been approved to use its own internal model to calculate its risk-based capital requirement is the amount calculated using that model.
      (2) The risk-based capital requirement for an insurer that, under rule 3.8.1 (b), has been approved to use its own internal model to replace 1 or more components of its investment, insurance and operational risk requirements is the amount calculated using those components as replaced and the other components of the insurer's investment, insurance and operational risk requirements.
      (3) The risk-based capital requirement for any other insurer is the sum of the insurer's:
      (a) investment risk requirement;
      (b) insurance risk requirement; and
      (c) operational risk requirement.
      Amended by QFCRA RM/2013-1 (as from 1st January 2015).