PINS 3.6.1 What is an insurer's insurance risk requirement?

An insurer's insurance risk requirement is the sum of its:

(a) premium risk component;
(b) outstanding claims risk component;
(c) long-term insurance risk component; and
(d) insurance concentration risk component.

Note Schedule 3 sets out the method for calculating each component of the insurance risk requirement.

Amended by QFCRA RM/2015-1 (as from 1st July 2015)
Amended by QFCRA RM/2020-6 (as from 15th October 2020).