Entire Section
PIN A9.3 PIN A9.3 DIFC underwriting risk component
PIN A9.3 Guidance
The
DIFC underwriting risk component requires anInsurer to demonstrate the availability of capital to address the risk that the cost of claims onContracts of Insurance entered into asInsurer through an establishment in theDIFC will vary from the cost implicit in the premiums being charged.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]PIN A9.3.1
An
Insurer must calculate itsDIFC underwriting risk component according to the method set out in PIN section A4.10, subject to the modifications set out in Rules PIN A9.2.2(a) and (b).
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]