Transcription of Solvency and Financial Condition Report 31 …
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Solvency and Financial Condition Report 31 …
Solvency and Financial Condition Report 31 December 2016 . Page 1 of 59. Contents Page Number Summary 4. Introduction 7. A. Business and Performance 8. 1 Business 2 Underwriting performance 3 Investment performance 4 Performance of other activities 5 Any other information B. System of Governance 15. 1 General information on the system of governance 2 Fit and proper requirements 3 Risk management system including the own risk and Solvency assessment 4 Internal control system 5 Internal audit function 6 Actuarial function 7 Outsourcing 8 Any other information C. Risk profile 27. 1 Underwriting risk 2 Market risk 3 Credit risk 4 Liquidity risk 5 Operational risk 6 Other material risks 7 Any other information D. Valuation for Solvency Purposes 31.
Page 7 of 59 INTRODUCTION 2.1. This is a Report provided to the PRA as part of the 31 December 2016 regulatory submission. 2.2. It covers the relevant regulated entity ‘Police Mutual Assurance Society Limited’ (‘PMAS’).
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