GPS 116 definition

GPS 116 means APRA’s Prudential Standard GPS 116 (Capital Adequacy: Insurance Concentration Risk Charge).
Sample 1Sample 2Sample 3

Examples of GPS 116 in a sentence

  • Insurance Concentration Risk Charge means the risk charge determined under Prudential Standard GPS 116 Capital Adequacy: Insurance Concentration Risk Charge.

  • For RMBS, the Gryphon Investment Team developed a stress testing methodology based on APRA Prudential Standard GPS 116 which tests for “a catastrophic event” with a “0.5 percent probability of occurrence”.

  • GPS 110 and Prudential Standard GPS 116 Capital Adequacy: Insurance Concentration Risk Charge (GPS 116) set out specific issues that a regulated institution must consider in calculating its ICRC.

  • A lenders mortgage insurer must also refer to GPS 110 and GPS 116 in determining its ICRC.

  • It provides additional guidance to general insurers and Level 2 insurance groups in complying with the requirements of GPS 116, including some clarification around some areas of uncertainty.

  • Where the insurer is required to determine the other accumulations vertical requirement under GPS 116, the Appointed Actuary must determine the amount of losses within the other accumulations scenario that has already been allowed for in the insurer’s net premiums liabilities.

  • Concentration riskParagraph 32 of the Standard states:At a minimum, the Concentration Risk Capital Charge relates to the risk associated with an accumulation of exposures to a single catastrophic event at a single site… The method for determining the Concentration Risk Capital Charge is set out in Prudential Standard GPS 116 Concentration Risk Capital Charge.

  • Where the insurer is required to determine the natural perils horizontal requirement for the purposes of Prudential Standard GPS 116 Capital Adequacy: Insurance Concentration Risk Charge (GPS 116), the Appointed Actuary must determine the portion of net premiums liabilities which relates to catastrophic losses (PL offset) using the method prescribed in GPS 116.

  • There is no explicit guidance in GPS 116 on the topics of claims inflation, discounting, claims handling expenses or risk margins.

  • For the purposes of this paragraph, ‘the previous version of this Prudential Standard’ means Prudential Standard GPS 116 Capital Adequacy: Insurance Concentration Risk Charge (GPS 116) made on 30 November 2012.Attachment A‌ Lenders mortgage insurer concentration risk charge 1.

Related to GPS 116

  • NI 81-106 means National Instrument 81-106 Investment Fund Continuous Disclosure;

  • NPP means the New Payments Platform owned and operated by or for NPP Australia Limited.

  • NI 45-106 means National Instrument 45-106 – Prospectus Exemptions;

  • PTCE 95-60 As defined in Section 5.02(b). PUD: A planned unit development.

  • MARPOL 73/78 means the International Convention for the Prevention of Pollution from Ships, 1973, as amended by the Protocol of 1978 relating thereto and by any other amendment in force thereafter;

  • NI 81-102 means National Instrument 81-102 – Investment Funds.

  • Pistol means any firearm with a barrel less than sixteen inches in length, or is designed to be held and fired by the use of a single hand.

  • NI 51-102 means National Instrument 51-102 – Continuous Disclosure Obligations;

  • MI 62-104 means Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids;

  • Cream means cream obtained directly and exclusively from milk.

  • NI 81-107 means National Instrument 81-107 Independent Review Committee for Investment Funds;

  • NI 62-104 means National Instrument 62-104 Take-Over Bids and Issuer Bids adopted by the Canadian securities regulatory authorities, as now in effect or as the same may from time to time be amended, re-enacted or replaced;

  • NI 52-110 means National Instrument 52-110 – Audit Committees.

  • NP 11-202 means National Policy 11-202 – Process for Prospectus Reviews in Multiple Jurisdictions;

  • MI 11-102 means Multilateral Instrument 11-102 – Passport System;

  • HUC 14 or "hydrologic unit code 14" means an area within which water drains to a particular receiving surface water body, also known as a subwatershed, which is identified by a 14-digit hydrologic unit boundary designation, delineated within New Jersey by the United States Geological Survey.

  • NI 45-102 means National Instrument 45-102 – Resale of Securities.

  • IPPF means the indigenous peoples planning framework for the Investment Program, including any update thereto, agreed between the Borrower and ADB and incorporated by reference in the FFA;

  • EPG means electronic program guide maintained by a DPO on its Digital Distribution Platform which lists the television channels and programs, and scheduling and programming information therein and includes any enhanced electronic guide that allows Subscribers to navigate and select such available channels and programs.

  • Enamel means a coat of colored material, usually opaque, that is applied as a protective topcoat over a basecoat, primer, or a previously applied enamel coat. In some cases, another finishing material may be applied as a topcoat over the enamel.

  • Opaque means impenetrable to sight.

  • Polystyrene foam means blown polystyrene and expanded and

  • SOQ means Statement of Qualifications.

  • NI 52-109 means National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings;

  • MI 61-101 means Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions;

  • SUVA means Specific Ultraviolet Absorption at 254 nanometers (nm), an indicator of the humic content of a water. It is calculated by dividing a sample’s ultraviolet absorption at a wavelength of 254 nm (UV254) (in m-1) by its concentration of dissolved organic carbon (DOC) (in mg/L).