Investment by International Financial Service Centre Insurance OfficeInternational Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022
Investment by International Financial Service Centre Insurance OfficeInternational Financial Services Centres Authority (Investment by International Financial Service Centre Insurance Office) Regulations, 2022
Investible funds classification determines the assets available for investment by international financial service centre insurance offices. Investible funds for an IIO transacting life insurance business include shareholders' funds representing solvency margin and specified policyholders' ... Summary
Investible funds classification determines the assets available for investment by international financial service centre insurance offices.
Investible funds for an IIO transacting life insurance business include shareholders' funds representing solvency margin and specified policyholders' funds, reserves and unit-linked insurance assets. Most identified life insurance funds are valued at carrying value, while policyholders' unit reserves for unit-linked insurance business are valued at market value. For general, health and re-insurance business, investible funds include parent entity account funds, shareholders' solvency-margin funds and policyholders' funds at carrying value in the balance sheet.
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