Regulatory Alerts2017-04-10
Added · Updated
Own Funds Requirements Regulation for Small Mutual Associations
The Austrian Financial Market Authority issued this regulation to mandate the calculation of own funds requirements for small mutual associations under the 2016 Insurance Supervision Act. Entities must determine their capital needs by calculating two specific indices based on retained earned premiums and retained sum insured, then applying the higher of the two results. The calculation methodology involves tiered factors applied to retained amounts, with specific thresholds and multipliers defined for animal insurance and other sectors.
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