CAPI 2.2.5 Outstanding claims risk component—firms conducting life insurance business

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%


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