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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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PIN A8.2.1



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 PIN Rule A8.2.3, an InsurerG must calculate the Minimum Fund Capital RequirementG in respect of each Long-Term Insurance FundG maintained by it, according to the formula:

MFCR = DRC + IVRC + OARC + OLRC + CRC + SFAC + LIRC + AMRC

where:

Term Definition
MFCR Minimum Fund Capital RequirementG in respect of the fund;
DRC Default risk component in respect of that fund;
IVRC Investment volatility risk component in respect of the fund;
OARC Off-balance sheet asset risk component in respect of the fund;
OLRC Off-balance sheet liability risk component in respect of the fund;
CRC Concentration risk component in respect of the fund;
SFAC Size Factor Adjustment Component in respect of the fund;
LIRC Long-Term InsuranceG risk component in respect of the fund; and
AMRC Asset management risk component in respect of the fund.

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