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Insurance (prudential standard) determination No. 3 of 2022
No longer in force
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Administered by
Department of the Treasury
This item is authorised by the following title:
Insurance Act 1973
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F2022L00882
30 June 2022
-
30 June 2023
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Authority
Application
Level 2 insurance groups
Interpretation
Insurance Concentration Risk Charge
Insurance Concentration Risk Charge formula
Reinsurance arrangements
Natural perils vertical requirement
Natural perils horizontal requirement
Other accumulations vertical requirement
Lenders mortgage insurer concentration risk charge
Use of alternative capital and risk mitigants
Catastrophe models
Review and reporting
Adjustments and exclusions
Determinations made under previous prudential standards
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Attachment A
PML and Prescribed Stress Scenario
Determining the lenders mortgage insurer concentration risk charge
Prescribed calculation of PML
LMIs in run-off
Available Reinsurance
Allowable Reinsurance
Net premiums liability deduction
Table A - PD, LGD and seasoning factors to be applied in determining the PML of LMIs
Attachment B
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Insurance Concentration Risk Charge formula
Reinsurance arrangements
Use of alternative capital and risk mitigants
Catastrophe models
Review and reporting