Re-insurance strategy and re-insurance programme
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....IO shall develop and document its Re-insurance Strategy and Re-insurance Programme (RSRP), which shall form an integral part of the IIO's overall underwriting strategy and risk management philosophy. (2) The policies and procedures for selecting and monitoring re-insurance arrangements as well as management responsibilities and controls including re-insurance management systems shall be include....
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....on levels vis-à-vis tolerance to risk with appropriate re-insurance arrangements; (iii) selection of the panel of re-insurers used, including consideration of diversification and credit worthiness of the re-insurers; (iv) management of all possible concentration of risks with respect to a particular industry, geographical region, product type, and/or single insured in the ....
TaxTMI