Risk Appetite
Board-approved risk tolerance limits and current utilisation
Appetite vs Current Exposure
Current
Tolerance Limit
Risk Appetite Statement
Underwriting Risk
Within
Max 40% concentration in any single LOB
Current: 38%Limit: 40%
Reinsurance Credit Risk
Within
Only A-rated and above reinsurers
Catastrophe Exposure
Within
Cat PML not to exceed 200% of equity
Current: 145%Limit: 200%
Operational Risk
Within
Max 3 significant incidents per quarter
Current: 1%Limit: 3%
Solvency Margin
Within
Must maintain >150% solvency margin
Current: 168%Limit: 150%
Foreign Currency
Breached
Max 15% of assets in foreign currency
Current: 19%Limit: 15%
