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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
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • PIN 2.2.1

    An Insurer's risk management systems must:

    (a) be appropriate to the size, business mix and complexity of the Insurer's operations;
    (b) address all material risks, financial and non-financial, to which the Insurer is likely to be exposed;
    (c) describe the relationships between the Insurer's risk tolerance limits, its capital requirements, economic capital and the processes and methods for monitoring risk; and
    (d) be supported by adequate risk management policies and procedures which explain the risks covered, the measurement approaches used, and the key assumptions made.
    Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
    [Amended] DFSA RM99/2012 (Made 24th July 2012) [VER12/07-12]