PINS Table A3.7.2 Percentage factor — premium risk component

Item PINS Category Direct insurance % Reinsurance: proportional % Reinsurance: non-proportional %
1 PINS category 1 16 18 21
2 PINS category 2 13 15 18
3 PINS category 3 16 18 21
4 PINS category 4 21 23 26
(2) In this rule:

net premium liability means premium liability less any expected reinsurance and non-reinsurance recoveries in respect of that premium liability as at the solvency reference date.

Note Premium liability is defined in r 8.6.7 and solvency reference date is defined in the glossary.
Inserted by QFCRA RM/2013-1 (as from 1st January 2015).