Transcription of Risk-Based Capital Framework for Insurers …
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Issued on: 20 June 2013 Risk-Based Capital Framework for Insurers [ version ] PART A OVERVIEW .. 1 1. Objectives .. 1 2. Legal provisions .. 2 3. Applicability .. 2 4. Effective date .. 3 5. [Deleted].. 3 PART B Capital ADEQUACY .. 4 6. Capital Adequacy Ratio the formula .. 4 7. Total Capital available .. 5 8. Deductions from Capital .. 7 9. Total Capital required .. 7 PART C Capital REQUIRED TO MITIGATE MAJOR risks .. 8 10. Total Capital required .. 8 11. Capital charges for credit risk .. 8 12. Capital charges for market risk .. 9 13. Capital charges for general insurance liabilities.
BNM/RH/GL 003-24 Prudential Financial Policy Department Risk-Based Capital Framework for Insurers [Version 3.0] Page 2/132 (ii) The statutory valuation bases for insurers’ assets and liabilities and the
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