PIN 2.3.1

An Insurer must develop, implement and maintain a risk management system to identify, assess, monitor, mitigate and control balance sheet risk, including but not limited to:

(a) reserving risk;
(b) investment risk (including risks associated with the use of derivatives);
(c) underwriting risk;
(d) claims management risk;
(e) product design and pricing risk; and
(f) liquidity management risk.