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PIN A9.4 PIN A9.4 DIFC reserving risk component
PIN A9.4 Guidance
The
DIFC reserving risk component requires anInsurer to demonstrate the availability of capital to address the risk that the cost of claims in respect of contracts entered into asInsurer through an establishment in theDIFC will vary from the amounts recorded as liabilities in theInsurer's balance sheet.
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]PIN A9.4.1
An
Insurer must calculate itsDIFC Long-Term Insurance risk component according to the method set out in PIN section A4.12, subject to the modifications set out in Rules PIN 9.2.2(a) and (b).
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]