Prudential reporting requirements for Insurers

An Insurer must prepare and submit to AFSA the annual, biannual and quarterly prudential returns.

AFSA may, by notice given to an AIFC Insurer, require the AIFC Insurer to prepare additional prudential returns.

Deadlines for provision of returns

An Insurer must give an annual prudential return to AFSA within 4 months after the day the relevant financial year of the Insurer ends.

An Insurer must give a biannual prudential return to AFSA within 1 month after the day the relevant standard biannual period ends.

An Insurer must give a quarterly prudential return to AFSA within 1 month after the day the relevant standard quarter ends.

(a) standard biannual period means the 6-month period ending on 30 June or 31 December; and

(b) standard quarter means the 3-month period ending on 31 March, 30 June, 30 September or 31 December.

External audit opinion to accompany.

When an Insurer submits its annual prudential returns to AFSA, it must also provide an external audit opinion to accompany those prudential returns.

Prudential returns by Insurers

Item	Title of return	Form number	Frequency for AIFC-Incorporated Insurers.	Frequency for Insurers which are not AIFC-Incorporated
1	Statement of financial position / balance sheet	INS100	Annually and quarterly	Annually and quarterly
2	Statement of comprehensive income / income statement	INS200	Annually and quarterly	Annually and quarterly
3	Analysis of Derivative activities	INS111	Annually and quarterly	n/a
4	Analysis of investment concentrations in foreign currency	INS113	Annually and quarterly	n/a
5	Analysis of investment concentrations risk	INS114	Annually and quarterly	n/a
6	Supplementary information	INS210	Annually and quarterly	Annually and quarterly
7	Calculation of Eligible Capital	INS300	Annually and quarterly	n/a
8	Calculation of prescribed capital requirement (PCR)	INS310	Annually and quarterly	n/a
9	Calculation of asset risk component	INS320	Annually and quarterly	n/a
10	Calculation of off-balance sheet asset risk component	INS330	Annually and quarterly	n/a
11	Calculation of off-balance sheet liability risk component	INS340	Annually and quarterly	n/a
12	Calculation of premium risk component	INS350	Annually and quarterly	n/a
13	Calculation of technical provisions risk component	INS360	Annually and quarterly	n/a
14	(For Long-Term Insurers only) Calculation of long-term insurance risk component	INS370	Annually and quarterly	n/a
15	Calculation of insurance concentration risk component	INS380	Annually and quarterly	n/a
16	Statement of reinsurance	INS400	Annually	Annually and quarterly
17	Statement of premium information	INS500	Annually and quarterly	Annually and quarterly
18	Statement of technical provisions and claims	INS600	Annually and quarterly	Annually and quarterly
19	(For Long-Term Insurers only) Statement of changes in long-term business	INS610	Annually	n/a
20	Statement of intra-group transactions	INS700	Annually and quarterly	n/a
21	Statement of largest clients	INS800	Annually and quarterly	Annually and quarterly

For more information, please follow the Prudential Rules for Investment Firms

Manual for preparation of returns

Prudential reporting forms available on Digital Resident portal.