... reinsurance management framework with regard to the components set out in section 4 above. Type of Reinsurance Arrangements 5.5 An authorized insurer should clearly understand the nature and scope of its underwritten risks and pay due regard to its risk tolerance level in order to look for suitable type of...

... Authority can rely on the information and documents that I have previously provided in considering this application. ☐ I have not provided the Insurance Authority with details of the relevant case/ matter. In order for the Insurance Authority to consider this application, I complete and enclose the relevant...

... returns in the local and worldwide capital markets, and brought about the issuance of a series of profit warnings by these companies. A survey carried out by the Capital Markets Division in order to assess the contribution of income from investments to the profits of the insurance companies during the...

... more of these insurers, would be able to offer a choice of products in the same business line for a client’s consideration. This indicates that there may not be a need to increase the cap in order for insurance agents to be able to offer a sufficient range of general insurance products. 15. An analysis...

... more of these insurers, would be able to offer a choice of products in the same business line for a client’s consideration. This indicates that there may not be a need to increase the cap in order for insurance agents to be able to offer a sufficient range of general insurance products. 15. An analysis...

... client account, the insurance broker, instead of applying for a cheque book under its client account for direct settlement with insurers, transferred the monies from the client account to its own operating account in order to settle the premium payments with insurers by cheques. Such practice is...