PINS Part 3.6 PINS Part 3.6 Insurance risk requirement
Amended by QFCRA RM/2013-1 and Editorial changes (as from 1st January 2015).
PINS 3.6 Guidance [Deleted]
Deleted by QFCRA RM/2013-1 (as from 1st January 2015).
PINS 3.6.1 What is an insurer's insurance risk requirement?
An insurer's insurance risk requirement is the sum of its:(a) premium risk component;(b) outstanding claims risk component;(c) long-term insurance risk component; and(d) insurance concentration risk component.
Note Schedule 3 sets out the method for calculating each component of the insurance risk requirement.
Amended by QFCRA RM/2015-1 (as from 1st July 2015)
Amended by QFCRA RM/2020-6 (as from 15th October 2020).