PINS Table A3.8.2 Percentage factor — outstanding claims risk component

Item PINS Category Direct insurance % Reinsurance: proportional % Reinsurance: non-proportional %
1 PINS category 1 11 12 14
2 PINS category 2 9 10 12
3 PINS category 3 11 12 14
4 PINS category 4 14 15 17
(2) In this rule:

net liability for outstanding claims means the liability in respect of future claims referred in rule 8.6.8, less any expected reinsurance and non-reinsurance recoveries in respect of that liability as at the solvency reference date.

Note Solvency reference date is defined in the glossary.
Amended by QFCRA RM/2015-1 (as from 1st July 2015).