Versions

 

PIN A4.11.1

Subject to the other provisions of this section, an Insurer must calculate its reserving risk component as the sum of the amounts obtained by multiplying the Insurer's base claims reserve under Contracts of Insurance and reinsurance effected by it, for each Class of Business, by the percentage factors set out in the following table.

Class of Business Percentage factor
  Direct insurance Proportional reinsurance Non-proportional and facultative reinsurance
(a) Classes 1 and 2 28 28 28
(b) Class 3 12 12 12
(c) Class 4 16 16 16
(d) Class 5 22 22 22
(e) Class 6 10 10 10
(f) Classes 7(a) and 7(b) 31.25 31.25 31.25
(g) Class8 28 28 28
Derived from DFSA RM06/2004 (Made 16th September 2004). [VER1/09-04]
[Amended] RM46/2007 (Made 5th July 2007) [VER6/07-07]