CIB 3.1.6 Asset Requirements

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

(1) A Captive Insurer must invest its assets in such a manner as to ensure the security, quality, liquidity and profitability of the portfolio as a whole and shall only invest in assets whose risks it can properly identify, measure, monitor, manage, control and report, and appropriately take into account in accordance with Chapter 6.
(2) A Captive Insurer must invest its assets held to cover the technical provisions in a manner appropriate to the nature and duration of the insurance and/or reinsurance liabilities.
(3) A Captive Insurer must not invest its assets in a manner that places excessive reliance on any particular asset issuer or group of issuers or geographical area or which results in an excessive accumulation of risk in the portfolio as a whole.