PINS Chapter 2 Risk management

Guidance for Chapter 2

1 For the obligations of an insurer’s governing body in relation to risk management, see CTRL, rule 1.2.3.
2 CTRL, rule 7.1.7 requires an authorised firm (including an insurer) to establish and regularly review its risk management strategy, which must be appropriate to the nature, scale and complexity of its business.
3 The purposes of Chapter 2 are:
(a) to identify risks that must be specifically addressed in an insurer's risk management policy; and
(b) to set out the requirements for an insurer to document its risk management policy through the establishment and maintenance of a risk management strategy.
4 For further guidance in relation to an insurer's risk management policy, see Schedule 1.
Editorial changes (as from 1 January 2015).
Amended by QFCRA RM/2021-1 (as from 1st July 2021)