Investment-grade asset ratings govern IIO investment eligibility, subject to any alternative specification under the applicable investment framework. Investment admissibility for an IIO is confined to assets carrying an Investment Grade rating under the Insurance Capital Standards-Rating Categories ... Summary
International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021
Investment-grade asset ratings govern IIO investment eligibility, subject to any alternative specification under the applicable investment framework.
Investment admissibility for an IIO is confined to assets carrying an Investment Grade rating under the Insurance Capital Standards-Rating Categories framework. Ratings must be assigned by international rating agencies recognised by the International Association of Insurance Supervisors. The requirement applies to the investment framework and specified investment-related registration provisions, unless otherwise specified by the Authority.
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