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Dubai Financial Services Authority (DFSA): Contents

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Up to Aug 15 2012Aug 16 2012 onwards

PIN 2.2.4 Guidance



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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.

1. The effect of PIN Rule 2.2.4 is to avoid duplication arising from complex GroupG structures. If an InsurerG is a member of a GroupG whose Holding CompanyG is another InsurerG , the first InsurerG need not apply PIN Rule 2.2.3 in respect of that GroupG , because the InsurerG that is the Holding CompanyG is already required to apply that RuleG . Where an InsurerG is a member of two or more GroupsG that are also sub-groups of a single GroupG , the InsurerG may consider that single group as a whole for the purposes of this section. An InsurerG that is a Holding CompanyG is however still required to apply PIN Rule 2.2.3 in respect of any GroupG of which the InsurerG is the Holding CompanyG .
2. An InsurerG should describe how its risk tolerance limits described in PIN Rule 2.2.1(c) link with its corporate objectives, business strategy and current circumstances. An InsurerG is expected to embed its risk tolerance limits into its day-to-day operations and its risk management policies and procedures.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] DFSA RM99/2012 (Made 24th July 2012) [VER12/07-12]