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Insurance (prudential standard) determination No. 3 of 2014 - Prudential Standard GPS 110 - Capital Adequacy
Insurance Risk ChargeInsurance Risk Charge
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Insurance Risk Charge
- The Insurance Risk Charge relates to the risk that the value of net insurance liabilities determined in accordance with Prudential Standard GPS 320 Actuarial and Related Matters (GPS 320) is insufficient to cover associated net claim payments and associated claim expenses as they fall due. The method for determining the Insurance Risk Charge is set out in Prudential Standard GPS 115 Capital Adequacy: Insurance Risk Charge.