Governance, Risk Management and Internal Control, Ownership Ratios
- Corporate Governance Regulation for Insurance Companies
- Introduction
- Objective
- Scope of Application
- Article (1): Definitions
- Article (2): Corporate Governance Framework
- Article (3): Oversight and Management Responsibilities
- Article (4): Corporate Culture, Business Objectives and Strategies
- Article (5): Structure and Governance of the Board
- Article (6): Duties of Individual Board Members
- Article (7): Duties Related to Risk Management and Internal Controls
- Article (8): Duties Related to Compensation
- Article (9): Financial Reporting and External Audit
- Article (10): Communications
- Article (11): Duties of Senior Management
- Article (12): Takaful Insurance
- Article (13) The General Assembly
- Article (14): Enforcement and Sanctions
- Article (15): Interpretation of Regulation
- Article (16): Publication and Application
- Corporate Governance Standards for Insurance Companies
- Introduction
- 1. Definitions
- 2. Corporate Governance Framework
- 3. Oversight and Management Responsibilities
- 4. Corporate Culture, Business Objectives and Strategy
- 5. Structure and Governance of the Board
- 6. Duties of Individual Board Members
- 7. Duties Related to Risk Management and Internal Controls
- 8. Duties Related to Compensation
- 9. Financial Reporting and External Audit
- 10. Communications
- 11. Duties of Senior Management
- Risk Management and Internal Controls Regulation for Insurance Companies
- Introduction
- Objective
- Scope of Application
- Article (1): Definitions
- Article (2): Systems of Risk Management and Internal Controls
- Article (3): Effective Risk Management System
- Article (4): Effective System of Internal Controls
- Article (5): Control Functions
- Article (6): Risk Management Function
- Article (7): Risk Measurement & Use of Models
- Article (8): Stress Testing of Material Risks
- Article (9): Compliance Function
- Article (10): Actuarial Function
- Article (11): Internal Audit Function
- Article (12): Outsourcing
- Article (13): Countering Fraud in Insurance
- Article (14): Duty To Report To The Central Bank
- Article (15): Takaful Insurance
- Article (16): Enforcement
- Article (17): Interpretation of the Regulation
- Article (18): Publication And Application
- Risk Management and Internal Controls Standards for Insurance Companies
- Introduction
- Article (1): Definitions
- 2. Systems of Risk Management and Internal Controls
- 3. Effective Risk Management System
- 4. Effective System of Internal Controls
- 5. Control Functions
- 6. Risk Management Function
- 7. Risk Measurement and the Use of Models
- 8. Stress Testing of Material Risks
- 9. Compliance Function
- 10. Actuarial Function
- 11. Internal Audit Function
- 12. Outsourcing
- 13. Countering Fraud in Insurance
- Decision No. (50) of 2019 Concerning Enhancing the Shari’a Controller’s Role in Takaful Insurance Companies Operating in the State
- Board of Directors’ Decision No. (15) of 2019 On the Instructions Concerning the Rules of Ownership Ratios in the Capital of Insurance Companies
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