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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 9.3.4

    A run-off plan provided to the DFSA in accordance with this section must cover the period until all liabilities to policyholders relating to the Insurance Business in run-off are met and must include:

    (a) an explanation of how, or to what extent, all liabilities to policyholders will be met in full as they fall due;
    (b) an explanation of how, or to what extent, the Insurer will maintain its compliance with the requirements of PIN chapter 4 until such time as all liabilities to policyholders are met;
    (c) a description, appropriate to the scale and complexity of the Insurer's business, of the Insurer's business strategy;
    (d) financial projections showing, in a form appropriate to the scale and complexity of the Insurer's operations, the forecast financial position of the Insurer as at the end of each reporting period during the period to which the run-off plan relates; and
    (e) an assessment of the sensitivity of the financial position of the Insurer to stress arising from realistic scenarios relevant to the circumstances of the Insurer.

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