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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Prudential — Insurance Business Module (PIN) [VER15/01-18]
Sourcebook Modules
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DFSA Codes of Practice
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Financial Markets Tribunal

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PIN 2.2.2

Whole Section PDF

The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.

To view past versions of this module in PDF format, please visit the Archive.

The risk management systems maintained by an InsurerG must include:

(a) a written risk management strategy approved by senior management, which in the opinion of senior management addresses all material risks to which the InsurerG is likely to be exposed;
(b) risk management policies and procedures that in the opinion of senior management are adequate to identify, assess, mitigate, control, monitor and report on the material risks to which the InsurerG is exposed; and
(c) clearly identified managerial responsibilities and controls, designed to ensure that the policies and procedures established for risk management are adhered to at all times.

Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]