Company Information
Important financial information
Capital management of the company
The company has set a minimum capital adequacy ratio of 180% and has estimated the adequacy ratio of the fund as part of its business plan. There are reports to the Risk Management Committee to present to the Board of Directors on regular basis. In addition to the process of assessing and managing business risks, the company generally conducts risk appraisal and management procedures, considering both qualitative and quantitative. The objective is to provide management with a clear understanding of the risks, capital requirements for various types of business risk including finding the way to deal with that risk appropriately
Note
• According to the Notification of the OIC regarding Classification and type of capital funds,rules, procedures and conditions for calculating the capital fund of insurance companies. TheRegistrar may impose necessary measures to supervise the company with a capital adequacyratio lower than one hundred and forty percent.
• The capital fund is appraised by the appraised value according to the Notification of the OIC regarding Valuation of assets and liabilities of insurance companies.
• The above items are calculated using the appraisal price according to the Notification of the OIC regarding Valuation of assets and liabilities of insurance companies.
