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)
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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%
|
