Technical Specifications for RBC 2

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Ufsas 6 May 2019 Technical Specifications for RBC 2 YE2018 Parallel Run Technical Specifications FOR RBC 2 6 MAY 2019 MONETARY AUTHORITY OF SINGAPORE 2 Contents 1 APPLICABILITY OF RBC 2 ........................................ ........................................ ......... 4 2 PRESCRIBED capital REQUIREMENT ( PCR ) AND MINIMUM capital REQUIREMENT ( MCR ) ........................................ ........................................ .......... 6 3 VALUATION OF ASSETS AND LIABILITIES ........................................ ......................... 9 4 COMPONENTS OF REQUIRED capital .

2 PRESCRIBED CAPITAL REQUIREMENT (“PCR”) AND MINIMUM CAPITAL REQUIREMENT (“MCR”) 2.1 The Capital Adequacy Ratio (“AR”) and Fund Solvency Ratio (“FSR”) remain relevant under RBC 2, meaning that insurers will be asked to compute these two ratios. The CAR

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