• PINS A3.2.1 PINS A3.2.1 Asset risk component

    (1) An insurer's asset risk component is the sum of the amounts obtained by multiplying the value of each asset of the insurer, graded according to the counterparty grade of the asset, by the percentage applicable to that asset, under:
    (a) for assets that are not reinsurance assets — table A3.2.1A;
    (b) for assets that are reinsurance assets where the reinsurer is subject to prudential supervision by a subrule (2) regulator — table A3.2.1B; or
    (c) for assets that are reinsurance assets where the reinsurer is not subject to prudential supervision by a subrule (2) regulator — table A3.2.1C.
    (2) A regulator is a subrule (2) regulator if it is located:
    (a) in Qatar;
    (b) in 1 of the member states of the European Union;
    (c) in Australia, Canada, Hong Kong, Iceland, Japan, Norway, Singapore, Switzerland, the United States of America; or
    (d) in any other jurisdiction that is a signatory to the Multilateral Memorandum of Understanding on Cooperation and Information Exchange initiated by the International Association of Insurance Supervisors.
    Note 1 For the list of the member states of the European Union, see http://europa.eu/about-eu/countries/index_en.htm.

    Note 2 For the list of signatories to the Multilateral Memorandum of Understanding on Cooperation and Information Exchange, see http://www.iaisweb.org/MMoU-signatories-605.
    Amended by QFCRA RM/2013-1 and Editorial changes (as from 1st January 2015).

    • PINS Table A3.2.1A Percentage applicable to assets that are not reinsurance assets

      Item Asset %
      1 cash, bank deposits and other cash equivalents

      grade 1 sovereign bonds
      0.50
      2 bonds that mature, or are redeemable, in less than 1 year issued by a counterparty with a rating of grade 1 or 2 (excluding subordinated debt and government debt obligations dealt with anywhere else in this table)

      cash management trusts with a counterparty rating of grade 1 or 2
      1.00
      3 unpaid premiums due 6 months or less previously from a counterparty with a rating of grade 1, 2 or 3

      bonds that mature, or are redeemable, in 1 year or more issued by a counterparty with a rating of grade 1 or 2 (excluding subordinated debt and government debt obligations dealt with anywhere else in this table)
      2.00
      4 unpaid premiums due 6 months or less previously from an unrated counterparty or a counterparty with a rating of grade 4 or 5

      bonds issued by a counterparty with a rating of grade 3 (excluding subordinated debt)

      cash management trusts with a counterparty rating of grade 3

      secured loans
      4.00
      5 unpaid premiums due more than 6 months previously from a counterparty with a rating of grade 1, 2 or 3

      bonds issued by a counterparty with a rating of grade 4 (excluding subordinated debt)

      cash management trusts with a counterparty rating of grade 4
      6.00
      6 unpaid premiums due more than 6 months previously from an unrated counterparty or a counterparty with a rating of grade 4 or 5

      bonds issued by a counterparty with a rating of grade 5 (excluding subordinated debt)

      cash management trusts with a counterparty rating of grade 5

      listed subordinated debt
      8.00
      7 unlisted subordinated debt

      preference shares
      10.00
      8 listed equity investment

      listed trusts
      16.00
      9 direct holdings of real estate

      unlisted equity investment

      unlisted trusts
      20.00
      10 loans to:
      (a) directors of the insurer;
      (b) directors of related parties; or
      (c) dependent relatives of such directors
      unsecured loans to employees (except loans of less than QR3,600)

      assets subject to a fixed or floating charge
      100.00
      11 other non-reinsurance assets not mentioned in this table 20.00

      Note Equity investment is defined in the glossary.

      Amended by QFCRA RM/2015-1 (as from 1st July 2015).

    • PINS Table A3.2.1B Percentage applicable to reinsurance assets — reinsurer supervised by subrule (2) regulator

      Item Asset %
      1 reinsurance assets due from reinsurers with a counterparty rating of grade 1 1.00
      2 reinsurance assets due from reinsurers with a counterparty rating of grade 2 2.00
      3 reinsurance assets due from reinsurers with a counterparty rating of grade 3 4.00
      4 reinsurance assets due from reinsurers with a counterparty rating of grade 4 6.00
      5 reinsurance assets due from reinsurers with a counterparty rating of grade 5 8.00


      Inserted by QFCRA RM/2013-1 (as from 1st January 2015).

    • PINS Table A3.2.1C Percentage applicable to reinsurance assets — reinsurer not by supervised by subrule (2) regulator

      Item Asset %
      1 reinsurance assets due from reinsurers with a counterparty rating of grade 1 1.20
      2 reinsurance assets due from reinsurers with a counterparty rating of grade 2 2.40
      3 reinsurance assets due from reinsurers with a counterparty rating of grade 3 4.80
      4 reinsurance assets due from reinsurers with a counterparty rating of grade 4 7.20
      5 reinsurance assets due from reinsurers with a counterparty rating of grade 5 9.60

      Inserted by QFCRA RM/2013-1 (as from 1st January 2015).