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.
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Premium risk component for captive insurers conducting general insurance business or life insurance business (see rule 2.2.3)
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Percentage
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First QR18 million of net written premium
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20%
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|
PLUS
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|
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Net written premium in excess of QR18 million
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15%
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Outstanding claims risk component for captive insurers conducting general insurance business (see rule 2.2.4)
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Percentage
|
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Net claims reserve on property insurance
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5%
|
|
PLUS
|
|
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Net claims reserve on liability insurance
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15%
|
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Outstanding claims risk component for captive insurers conducting life insurance business( see rule 2.2.5)
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Percentage
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|
Policyholder liabilities calculated using actuarial methods for life insurance
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2.5%
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