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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Prudential — Insurance Business Module (PIN) [VER15/01-18]
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(2 versions)
 
Up to Jul 4 2007Jul 5 2007 onwards

PIN A4.11.1



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.

Subject to the other provisions of this section, an InsurerG must calculate its reserving risk component as the sum of the amounts obtained by multiplying the Insurer'sG base claims reserve under Contracts of InsuranceG and reinsurance effected by it, for each Class of BusinessG , by the percentage factors set out in the following table.

Class of Business Percentage factor
  Direct insurance Proportional reinsurance Non-proportional and facultative reinsurance
(a) ClassesG 1 and 2 28 28 28
(b) ClassG 3 12 12 12
(c) ClassG 4 16 16 16
(d) ClassG 5 22 22 22
(e) ClassG 6 10 10 10
(f) ClassesG 7(a) and 7(b) 31.25 31.25 31.25
(g) ClassG 8 28 28 28
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] RM46/2007 (Made 5th July 2007) [VER6/07-07]