Regulatory Alerts2021-08-18 | 29708Reinsurance Risk Governance Guideline for Insurers
The Insurance Sector regulatory authority has issued a Reinsurance Risk Governance Guideline for insurers. This directive requires licensed entities to implement comprehensive frameworks for identifying, measuring, and monitoring reinsurance exposures and counterparty credit risk. By standardizing capital adequacy assessments and risk management practices, the guideline strengthens financial stability and ensures insurers maintain sufficient reserves against potential reinsurance defaults.
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