Material Outsourcing definition
Material Outsourcing means such arrangements which, if disrupted, have the potential to significantly impact the business operations, reputation, profitability or customer service, and the materiality of outsourcing would be determined based on:
Material Outsourcing means an outsourcing arrangement which, if disrupted, has the potential to significantly impact an insurer’s business operations, reputation and profitability;
Material Outsourcing means the outsourcing of an activity of such importance that any weakness or failure in the provision of this activity could have a significant impact on the financial institution’s ability to meet its regulatory responsibilities and/or to continue in business;
More Definitions of Material Outsourcing
Material Outsourcing means outsourcing of such activities which are assessed by the insurers as “material”, based on the factors as may be specified by the Competent Authority.
Material Outsourcing means the outsourcing arrangements which are assessed as material based on the factors described in Section 6 of this Policy.
Material Outsourcing means an outsourcing arrangement which, if disrupted, has the potential to significantly impact an institution’s business operations, reputation or profitability.
Material Outsourcing means an outsourcing arrangement, which if disrupted or falls short of acceptable standards, would have the potential to significantly impact on an insurer’s financial position, business operation, reputation or its ability to meet
Material Outsourcing means an outsourcing arrangement, which if disrupted or falls short of acceptable standards, would have the potential to significantly impact on an authorized insurer’s financial position, business operation, reputation or its ability to meet obligations or provide adequate services to policy holders or
Material Outsourcing means those arrangements which, if disrupted, have the potential to significantly impact the business operations, reputation, profitability or customer service.
Material Outsourcing means the outsourcing arrangements which are assessed as material based on the factors described in Annexure I.