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... Guideline on Enterprise Risk Management GL21 GUIDELINE ON ENTERPRISE RISK MANAGEMENT Insurance Authority Table of Contents Page 1. Introduction 1 2. Application 3 3. Overview of Enterprise Risk Management (ERM) Framework and General Requirements 4 4. Governance 7 5. Risk Appetite Statement 12 6....

... GN 7 GL7 GUIDELINE ON THE RESERVE PROVISION FOR CLASS G OF LONG TERM BUSINESS Insurance Authority Contents Page 1. Introduction ……………………………………………… 1 2. Application of this Guideline ………………………….… 1 3. Regulatory Framework ………………………………….. 2 4. Guiding Principles ………………………………………. 2 5. Provisions...

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... Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries Insurance Authority October 2019 2 1. Introduction 1.1 This Explanatory Note (“Note”) which includes a set of frequently-asked questions (“FAQs”) is issued by the Insurance Authority...

... Explanatory Note on Licensing Requirements for Banking Sector under Regulatory Regime for Insurance Intermediaries Insurance Authority October 2019 2 1. Introduction 1.1 This Explanatory Note (“Note”) which includes a set of frequently-asked questions (“FAQs”) is issued by the Insurance Authority...

... Chief Executives of authorized insurers carrying on general insurance business 30 September 2020 /… - 2 - That is, on average, the industry for the top 25 Direct Motor Vehicle Insurers is making an underwriting margin of -14.6%. The best performer has an underwriting margin of 34.0% while the...

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