The outstanding claims risk component for a class 1, class 2, class 3 or class 4 captive insurer that conducts life insurance business is 2.5% of the policyholder liabilities calculated using actuarial methods for life insurance.
Note The following tables summarise the percentages for the premium risk and outstanding claims risk component for captive insurers.
Premium risk component for captive insurers conducting general insurance business or life insurance business (see rule 2.2.3)
|
Percentage
|
First QR18 million of net written premium
|
20%
|
PLUS
|
|
Net written premium in excess of QR18 million
|
15%
|
Outstanding claims risk component for captive insurers conducting general insurance business (see rule 2.2.4)
|
Percentage
|
Net claims reserve on property insurance
|
5%
|
PLUS
|
|
Net claims reserve on liability insurance
|
15%
|
Outstanding claims risk component for captive insurers conducting life insurance business( see rule 2.2.5)
|
Percentage
|
Policyholder liabilities calculated using actuarial methods for life insurance
|
2.5%
|