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]