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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 Minimum fund capital requirement

    • PIN A8.2.1

      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]

    • PIN A8.2.2

      The methods of calculation of the components referred to in PIN Rule A8.2.1 are set out in sections PIN A8.4, PIN A8.5, PIN A8.6, PIN A8.7, PIN A8.8, PIN A8.9, PIN A8.10 and PIN A8.11.


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

    • PIN A8.2.3

      The Minimum Fund Capital RequirementG in respect of a Long-Term Insurance FundG must always be equal to or higher than $5,000,000.


      Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
      [Amended] RM46/2007 (Made 5th July 2007). [VER6/07-07]