Internal Capital Model definition

Internal Capital Model has the meaning set forth in Section 9.1(b).
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Examples of Internal Capital Model in a sentence

  • Not applicable – The Company does not have an Approved Internal Capital Model used to derive the ECR.

  • The Syndicate uses an Internal Capital Model for setting economic capital along with a number of other uses.

  • This Regulatory Procedure should be read in conjunction with the Statement of Guidance for Licensees seeking approval to use an Internal Capital Model to calculate the Prescribed Capital Requirement (“SoG”).

  • This Regulatory Procedure sets out the process that a licensee under the Insurance Law, 2010 (“Licensee”) should undertake when seeking approval from the Authority to use an Internal Capital Model (“ICM”) to calculate its Prescribed Capital Requirement (“PCR”).

  • Many candidates did not fully describe the factors affecting the Margin for Additional Risk in an Internal Capital Model.

  • Due to the nature, scale and limited complexity of the Company’s operations, the Company leverages the framework and risk based capital requirements of the current Bermuda Regulatory capital model for the purpose of determining Commercial Insurer’s Solvency Self-Assessment (CISSA) Capital, and has not established a separate Internal Capital Model.

  • Next, we provide some statistics so as to demonstrate the testing with the detection process in order to achieve a lower margin of “false positives” (excess of duplicate candidates).

  • The Solvency II Pillar I capital requirements at 31 December 2021 have been calculated using the Company’s Internal Capital Model.

  • The Solvency II Pillar I capital requirements at 31 December 2019 have been calculated using the Funds' Internal Capital Model.

  • Management Actions upon Solvency Deterioration Should the Internal Capital Model capital coverage or Group BSCR coverage for CHBL fall below 120% or the company minimum target capital ratio where this exists, there are several courses of action that would be considered, and one or more of these would generally be taken.

Related to Internal Capital Model

  • Financial Model means the financial model adopted by Senior Lenders, setting forth the capital and operating costs of the Project and revenues therefrom on the basis of which financial viability of the Project has been determined by the Senior Lenders, and includes a description of the assumptions and parameters used for making calculations and projections therein;

  • Internal Controls for districts means processes designed and implemented by districts to provide reasonable assurance regarding the achievement of objectives in the following categories:

  • Internal control means a set of systems to ensure that financial and other records are reliable and complete and which ensure adherence to the entity's management policies, the orderly and efficient conduct of the entity, and the proper recording and safeguarding of assets and resources;

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Internal Costs means the costs associated with each Council providing internal Council resources in relation to the City Deal which includes but is not limited to:

  • Internal combustion engine or ‘engine’ means an energy converter, other than a gas turbine, designed to transform chemical energy (input) into mechanical energy (output) with an internal combustion process; it includes, where they have been installed, the emission control system and the communication interface (hardware and messages) between the engine's electronic control unit(s) and any other powertrain or non-road mobile machinery control unit necessary to comply with Chapters II and III;

  • Internal audit means an independent appraisal activity established within a state agency as a control system to examine and evaluate the adequacy and effectiveness of other internal control systems within the agency.

  • external company means a foreign company that is carrying on business, or non-profit activities, as the case may be, within the Republic, subject to section 23(2);

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • Base Case Financial Model means a financial model prepared by the Borrower forecasting the revenues and expenditures of the Project for time periods through the Final Maturity Date and based upon assumptions and methodology provided by the Borrower and acceptable to the TIFIA Lender as of the Effective Date, which model shall be provided to the TIFIA Lender as a fully functional Microsoft Excel – based financial model or such other format requested by the TIFIA Lender.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • External Manager means either of the following: (1) A person who is seeking to be, or is, retained by a board or an investment vehicle to manage a portfolio of securities or other assets for compensation, or (2) A person who manages an investment fund and who offers or sells, or has offered or sold, an ownership interest in the investment fund to a board or an investment vehicle.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Investment Strategy is the processes and policies implemented by the Investment Manager for pursuing a particular investment objective managed by an Investment Team.

  • Independent Financial Advisor means an accounting, appraisal, investment banking firm or consultant to Persons engaged in Similar Businesses of nationally recognized standing that is, in the good faith judgment of the Issuer, qualified to perform the task for which it has been engaged.

  • Audit Committee Financial Expert means a person who has the following attributes:

  • Independent Financial Adviser means an independent financial institution of international repute appointed by the Company at its own expense.

  • Independent Financial Expert means a U.S. investment banking firm of national standing in the United States, (i) which does not, and whose directors, officers and employees or affiliates do not have a direct or indirect material financial interest for its proprietary account in the Company or any of its affiliates and (ii) which, in the judgment of the board of directors of the Company, is otherwise independent with respect to the Company and its affiliates and qualified to perform the task for which it is to be engaged.

  • Internal Purposes means distribution of packages to Licensee’s own systems and employees.