Financial Sector (Collection of Data) determination No. 14 of 2005
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Instruction Guide
Introduction
This form collects information to calculate the Concentration Risk Capital Charge in accordance with GPS 110 Capital Adequacy and GGN 110.5 Concentration Risk Capital Charge.
GGN 110.5 Concentration Risk Capital Charge details the calculation using the Prescribed Method to determine the Minimum Capital Requirement (MCR). It sets out the issues that an insurer should consider in setting its Maximum Event Retention (MER) for catastrophe purposes. It is the responsibility of the insurer’s Board and management to ensure that the MER is set at a level which is consistent with the insurer’s risk profile and its reinsurance program.