Wednesday, November 5, 2008

Risk-Based Capital framework - Implementation?

This morning the newspaper reported that the risk-based capital (RBC) framework will be implemented come 1st Jan next year. However just two days ago the Central Bank raised a circular to all insurers requesting for comment in respect of its intended implementation; whether the industry intends to proceed given the current bad economic position the world markets are going through. I supposed the Bank may have secured enough reply for the go ahead......

For some information or write up in respect of Malaysian Risk-based Capital from the perspectives of the non-life underwriters, please visit:

1 comment:

Malaysian Insurance Workforce said...

Seven non-life insurers may be in trouble either with their CAR at slightly above 130% or lower. In months ahead, there will be more stringent stress test to be carried out on their financial health. In years ahead there will be changes to the existing risk charges, ie. the % may increase.