Manual for Preparation of Returns for Insurance and Reinsurance Firms

Chapter 1. Introduction

1. The purpose of this Manual for Preparation of Returns for Insurance and Reinsurance Firms (hereinafter – Manual) is to outline templates for reporting on financial, prudential and financial conduct performance and provide guidance on their completion. The Manual is applicable to all Firms authorised by the Astana Financial Services Authority (hereinafter – AFSA) to conduct Insurance Business (hereinafter – Insurer). This Manual is updated at the situation may require.

2. The Manual complies with the AIFC General Rules (AIFC Rules No. FR0001 of 2017, hereinafter – GEN), AIFC Conduct of Business Rules (AIFC Rules No. FR0005 of 2017, hereinafter – COB), AIFC Insurance and Reinsurance Prudential Rules (AIFC Rules No. FR0030 of 2018, hereinafter - PINS) except where otherwise provided.

Chapter 3. Reporting rules

8. An Insurer must prepare and submit to the AFSA returns outlined in para.5, 6 and 7 made in thousand of USD with explanatory note disclosing key points of reports to be submitted, for following reports within submission periods outlined below:

8.1) annual returns within 4 months after reporting year ends;
8.2) biannual returns within 1 month after reporting period ends;
8.3) quarter returns within 1 month after reporting quarter ends;

9. If an AIFC Insurer breaches or expects to breach a prudential requirement set by the AFSA or Financial Services Regulator in its jurisdiction of incorporation, it must immediately notify the AFSA and must give the AFSA copies of any relevant documents (including all relevant documents submitted to that Financial Services Regulator).

10. Reports outlined in para 5,6 and 7 of this Manual must be submitted to the AFSA by way of official e-communication channels. The transmission should include scanned copies of signed reports and supporting documentation in Ms Excel.

Annex. 1.1. Balance Sheet of Insurer

BALANCE SHEET OF INSURER	INS100
Name:
Period Ending:
(All amounts rounded to nearest [USD]'000)


ASSETS	LINE NO.	INSURANCE Ltd or PLC
		Reporting period	Reporting period -1


		A	B
Cash and balances	1
Cash in hand	2
Call Deposits	3
Term deposits < 3 months	4
Term deposits > 3 months	5
Premium Receivable	6
From unrelated entities	7
From associates and related parties	8
Less: Allowance for doubtful accounts	9
Reinsurance Receivable	10
Unrelated reinsurers - share of paid claims and other receivables/recoverable	10A
Unrelated reinsurers - share of outstanding claims and IBNR	11
Unrelated reinsurers - share of unearned premiums	12
Related reinsurers - share of paid claims and other receivables / recoverables	12A
Related or associated reinsurers - share of outstanding claims and IBNR	13
Related or associated reinsurers - share of unearned premium reserve	14
Less: Allowance for doubtful accounts	15
Deferred sales receivables (murabaha, salam, istisna'a)	16
Other Receivables	17
From unrelated parties	18
From associates and related parties	19
From directors, officers and/or employees	20
Less: Allowance for doubtful accounts	21
Short term negotiable securities	22
Negotiable Certificates of Deposit	23
Short-term government securities	24
Sukuk	25
Other	26
Less: Credit impairments	27
Investment and trading securities	28
Listed equities	29
Unlisted equities	30
Commodities	31
Sukuk	32
Other government and government-guaranteed securities	33
Other securities, loans or islamic investments	34
Other debt securities	35
Less: Impairment	36
Derivative financial instruments	37
Deferred acquisition costs	38
Other loans or Islamic investments	39
Mudaraba and Musharaka financing	40
Pledged Assets	41
Funds Withheld	42
Investment property	43
Investment in subsidiaries, associates or joint arrangements	44
Investment in subsidiary companies	45
Investment in associate companies	46
Investment in joint arrangements	47
Non-current assets held for sale	48
Intangible assets	49
Goodwill	50
Software and capitalised development costs	51
Other	52
Property, plant and equipment	53
Current income tax receivables	55
Deferred tax assets	56
Investments for account of holders of funds	57
Post-employment assets	60
Other assets	61

TOTAL ASSETS	63


LIABILITIES	LINE NO.	INSURANCE Ltd or PLC
		Reporting period	Reporting period -1


		A	B
Technical reserves - general insurance	64
Gross outstanding claims	65
Claims incurred but not reported	66
Premium deficiency reserve	67
Other technical reserves	68
Technical reserves - long-term insurance	69
Unearned premium reserve	70
Reinsurance balances payable	71
To unrelated reinsurers	72
To related or associated reinsurers	73
Accounts payable	73A
Bank loans and mortgages	74
Derivative financial instruments	75
Term debt instruments	76
Qualifying as capital	77
Sukuk	78
Other	79
Dividends payable	80
Retirement benefit obligations	83
Current income tax liabilities	85
Deferred tax liabilities	86
Other intra-group liabilities	87
Investment contracts for holders of funds	90
Other liabilities	91
TOTAL LIABILITIES	93
Total equity attributable to equity holders	95
Share capital	96
Retained earnings	97
Accumulated foreign exchange reserves	98
Unrealized gains/losses on investments	99
Other reserves	100
Other distributable reserves	101
Other non-distributable reserves	102
Preferential shareholders	103
Non-controlling Interests	104
TOTAL SHAREHOLDER EQUITY	105
TOTAL EQUITY AND LIABILITIES	106


Analysis of Cash and Balances	LINE NO.	INSURANCE Ltd or PLC
		Reporting period	Reporting period -1


		A	B
Domestic Bank	107
of which: Inside AIFC	108
Foreign Bank	109


OFF-BALANCE SHEET ACTIVITIES
COMMITMENTS AND CONTINGENCIES	LINE NO.	INSURANCE Ltd or PLC
		Reporting period	Reporting period -1


		A	B
Lending of securities or posting of securities as collateral	111
Committed capital expenditure	112
Operating lease commitments	113
Other contingencies and commitments	114
TOTAL	115

Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.1. template on Balance Sheet of Insurers to the Manual is aimed at reporting on assets, liabilities, shareholders’ equity with disclosure of each line.

The Balance Sheet Report must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC for reporting quarter and quarter prior to reporting quarter.

Line 63. Total Assets – is total of the line 1. Cash and balances, line 6. Premium receivables, line 10. Reinsurance receivables, line 17. Other receivables, line 22. Short term negotiable securities, line 28. Investment and trading securities, line 37. Derivative financial instruments, line 38. Deferred acquisition costs, line 39. Other loans or Islamic investments, line 41. Pledged assets, line 42. Funds withheld, line 43. Investment property, line 44. Investment in subsidiaries, associates or joint arrangements, line 48. Non-current assets held for sale, line 49. Intangible assets, line 53. Property, plant and equipment, line 55. Current income tax receivables, line 56. Deferred tax assets, line 57. Investments for account of holders of funds, line 60. Post-employment assets and line 61. Other assets.

Line 1 Cash and balances – is the total of line 2. Cash in hand, line 3. Call Deposits, line 4. Term deposits with yield-to-maturity less than 3 months and line 5. Term deposits with yield-to-maturity over 3 months;

Line 6. Premium receivables – is the total of line 7. From unrelated entities, line 8. From associates and related parties and subtract line 9. Less: Allowance for doubtful accounts.

Line 10. Reinsurance receivables – is the total of line 10A. Unrelated reinsurers - share of paid claims and other receivables/recoverable, line 11. Unrelated reinsurers - share of outstanding claims and IBNR, line 12. Unrelated reinsurers - share of unearned premiums, line 12A. Related reinsurers - share of paid claims and other receivables / recoverables, line 13. Related or associated reinsurers - share of outstanding claims and IBNR, line 14. Related or associated reinsurers - share of unearned premium reserve and subtract line 15. Less: Allowance for doubtful accounts.

Line 17. Other receivables – is the total of line 18. From unrelated parties, line 19. From associates and related parties, line 20. From directors, officers and/or employees and subtract line 21. Less: Allowance for doubtful accounts.

Line 22. Short term negotiable securities – is the total of line 23. Negotiable Certificates of Deposit, line 24. Short-term government securities, line 25. Sukuks, line 26. Other Short term negotiable securities and subtract the line 27. Less: Credit impairments.

Line 28. Investment and trading securities – is the total of line 29. Listed equities, line 30. Unlisted equities, line 31. Commodities, line 32. Sukuks, Line 33. Other government and government-guaranteed securities, line 35. Other debt securities and subtract the line 36. Less: Impairment.

Line 44. Investment in subsidiaries, associates or joint arrangements – is the total of line 45. Investment in subsidiary companies, line 46. Investment in associate companies and line 47. Investment in joint arrangements.

Line 49. Intangible assets – is the total of the line 50. Goodwill, line 51. Software and capitalised development costs and line 52. Other Intangible assets.

Line 106. Total Equity and Liabilities – is the total of line 93. Total Liabilities and line 105. Total Shareholder Equity.

Line 93. Total Liabilities – is the total of line 64. Technical reserves - general insurance, line 69. Technical reserves - long-term insurance, line 70. Unearned premium reserve, line 71. Reinsurance balances payable, line 73A. Accounts payable, line 74. Bank loans and mortgages, line 75. Derivative financial instruments, line 76. Term debt instruments, line 80. Dividends payable, line 83. Retirement benefit obligations, line 85. Current income tax liabilities, line 86. Deferred tax liabilities, line 87. Other intra-group liabilities, line 90. Investment contracts for holders of funds and line 91. Other liabilities

Line 64. Technical reserves - general insurance – is the total of line 65. Gross outstanding claims, line 66. Claims incurred but not reported, line 67. Premium deficiency reserve and 68. Other technical reserves.

Line 71. Reinsurance balances payable – is the total of line 72. Reinsurance balances payable to unrelated reinsurers and line 73. Reinsurance balances payable to related or associated reinsurers.

Line 76. Term debt instruments - is the total of line 77. Qualifying as capital, line 78. Sukuk and line 79. Other term debt instruments

Line 105. Total shareholder equity – is the total of line 95. Total equity attributable to equity holders, line 103. Preferential shareholders and line 104. Non-controlling Interests.

Line 95. Total equity attributable to equity holders – is the total of line 96. Share capital, line 97. Retained earnings, line 98. Accumulated foreign exchange reserves, line 99. Unrealized gains/losses on investments and line 100. Other reserves (includes line 101. Other distributable reserves and line 102. Other non-distributable reserves).

The total of line 107. Cash and Balances placed in Domestic Bank (incl. line 108. Cash and Balances placed in Banks inside AIFC) and line 109. Cash and Balances placed in Foreign Bank of Analysis of Cash and Balances is equal to the line 1. Cash and balances of Assets.

Line 115. Total off-balance sheet activities – is the total of the line 111. Lending of securities or posting of securities as collateral, line 112. Committed capital expenditure, line 113. Operating lease commitments and line 114. Other contingencies and commitments.

Annex. 1.2. Balance Sheet of Branch of Insurer incorporated outside of AIFC

BALANCE SHEET OF BRANCH OF INSURER INCORPORATED OUTSIDE OF AIFC	INS100
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)


ASSETS	LINE NO.	INSURANCE -Branch (Company level)
		Reporting period	Reporting period -1


		C	D
Cash and balances	1
Premium Receivable	6
Reinsurance Receivable	10
Other Receivables	17
Short term negotiable securities	22
Investment and trading securities	28
Deferred acquisition costs	38
Other loans or Islamic investments	39
Pledged Assets	41
Funds Withheld	42
Investment property	43
Investment in subsidiaries, associates or joint arrangements	44
Intangible assets	49
Property, plant and equipment	53
Current and deferred tax asset	54
Investments for account of holders of funds	57
Other assets	61

TOTAL ASSETS	63


LIABILITIES	LINE NO.	INSURANCE -Branch (Company level)
		Reporting period	Reporting period -1


		C	D
Technical reserves - general insurance	64
Technical reserves - long-term insurance	69
Unearned premium reserve	70
Reinsurance balances payable	71
Accounts payable	73A
Term debt instruments	76
Current and deferred tax liabilities	84
Investment contracts for holders of funds	90
Other liabilities	91
Head Office Accounts	92
TOTAL LIABILITIES	93

Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.2. template on Balance Sheet of Branch of Insurer incorporated outside of AIFC to the Manual is aimed at reporting on assets and liabilities with disclosure of each line.

The Balance Sheet of Branch of Insurer incorporated outside of AIFC must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC for reporting quarter and quarter prior to reporting quarter.

Line 63. Total Assets – is the total of the line 1. Cash and balances, line 6. Premium Receivable, line 10. Reinsurance Receivable, line 17. Other Receivables, line 22. Short term negotiable securities, line 28. Investment and trading securities, line 38. Deferred acquisition costs, line 39. Other loans or Islamic investments, line 41. Pledged Assets, line 42. Funds Withheld, line 43. Investment property, line 44. Investment in subsidiaries, associates or joint arrangements, line 49. Intangible assets, line 53. Property, plant and equipment, line 54. Current and deferred tax asset, line 57. Investments for account of holders of funds and line 61. Other Assets.

Line 93. Total Liabilities – is the total of line 64. Technical reserves - general insurance, line 69. Technical reserves - long-term insurance, line 70. Unearned premium reserve, line 71. Reinsurance balances payable, line 73A. Accounts payable, line 76. Term debt instruments, line 84. Current and deferred tax liabilities, line 90. Investment contracts for holders of funds, line 91. Other Liabilities and line 92. Head Office Accounts.

Line 92. Head Office Accounts – is the total of liabilities of Branch of Insurer incorporated outside of AIFC which has characteristics of Equity Share Capital (e.g. working capital) and adjuster due to the financial results of a branch.

Annex. 1.3. Income Statement of Insurer

INCOME STATEMENT OF INSURER	INS200
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)


DESCRIPTION	Line no.	INSURANCE Ltd or PLC
		Reporting period since the beginning of the year	Reporting period -1 since the beginning of the year
		Total
		A	B
Gross premiums written	1
Less: Reinsurance premiums ceded	2
Net premiums written	3
Change in Net unearned premiums	4
Net premiums earned	5
Fee income	6
Commission income	7
Other operating income	9
Total Insurance Income	10

Loss and loss adjustment expenses	14
Gross claims paid	15
Less: reinsurance share of gross claims paid	16
Outstanding claims adjustment - gross	17
Less: Outstanding claims adjustment – reinsurance share	18
Policyholder benefits and claims (long-term insurance)	19
Commission, brokerage expenses, and acquisition costs	20
Staff costs	22
Computer processing	23
Communication and travel	24
Occupation and accommodation	25
Marketing	26
Professional fees	27
Office equipment and consumables	28
Auditors' remuneration	29
Other operating expenses	31
Total Insurance Expenses	36

Underwriting profit/(loss)	37

Investment income
Interest income	38
Dividend income - from subsidiary and associate companies	40
Dividend income - other	41
Fair value gains and losses through profit and loss	42
Profit / (loss) on sale of available-for-sale assets	43
Other realized gain/(loss) on sale of investments	44
Rental Income	46
Other investment income	47
Less: investment expenses	48

Net Investment Income	51
Operating profit from ordinary activities	56

Intangibles (impairment/realisation)	59
Impairment of investments	60
Impairment of other capital items	61
Share of profit / (loss) of associates and joint ventures	62

Profit (loss) before taxation	64
Tax on profit / (recoverable)	65
Profit / (loss) for the period	66

*Attributable to:*
Equity holders of the company	69
Preference shareholders and minority shareholders	70

Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.3. template on Income Statement of Insurers to the Manual is aimed at reporting on profits and losses.

The Income Statement of Insurers must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC for reporting quarter since the beginning of the year and quarter prior to reporting quarter since the beginning of the year.

Line 66. Profit / (loss) for the period – is line 65. Tax on profit / (recoverable) subtracted out of line 64. Profit (loss) before taxation.

Line 65. Tax on profit / (recoverable) – is the taxes on profits recorded in compliance with the International Financial Reporting standards and requirements of the AIFC on taxation.
Line 64. Profit (loss) before taxation – is the total of line 56. Operating profit from ordinary activities, line 59. Intangibles ((impairment)/realisation), line 60. (Impairment) of investments, line 61. Impairment of other capital items and line 62. Share of profit / (loss) of associates and joint ventures.

Line 56. Operating profit from ordinary activities – is the total of line 37. Underwriting profit/(loss) and line 51. Net Investment Income.

Line 37. Underwriting profit/(loss) – is the line 36. Total Insurance Expenses subtracted from line 10. Total Insurance Income.

Line 10. Total Insurance Income – is the total of line 5. Net premiums earned, line 6. Fee income, line 7. Commission income and line 9. Other operating income.

Line 5. Net premiums earned – is the line 4. Change in unearned premiums subtracted from line 3. Net premium written.

Line 4. Change in Net unearned premiums – Net unearned premiums on the beginning of reporting period subtracted from Net unearned premiums for the end of reporting period

Line 3. Net premiums written – is the line 1. Gross premiums written with subtracted line 2. Less: Reinsurance premiums ceded.

Line 36. Total Insurance Expenses – is the total of line 14. Loss and loss adjustment expenses, line 19. Policyholder benefits and claims (long-term insurance), line 20. Commission, brokerage expenses, and acquisition costs, line 22. Staff costs, line 23. Computer processing, line 24. Communication and travel, line 25. Occupation and accommodation, line 26. Marketing, line 27. Professional fees, line 28. Office equipment and consumables, line 29. Auditors' remuneration and line 31. Other operating expenses.

Line 51. Net Investment Income – is the total of line 38. Interest income, line 40. Dividend income - from subsidiary and associate companies, line 41. Dividend income – other, line 42. Fair value gains and losses through profit and loss, line 43. Profit / (loss) on sale of available-for-sale assets, line 44. Other realized gain/(loss) on sale of investments, line 46. Rental Income, line 47. Other investment income with subtracted line 48. Less: investment expenses.

Annex. 1.4. Income Statement of Branch of Insurer incorporated outside of AIFC

INCOME STATEMENT OF BRANCH OF INSURER INCORPORATED OUTSIED OF AIFC			INS200
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)


DESCRIPTION	Line no.	INSURANCE-Branch (Company level)		INSURANCE-Branch level
		Reporting period since the beginning of the year	Reporting period -1 since the beginning of the year	Reporting period since the beginning of the year	Reporting period -1 since the beginning of the year



		C	D	E	F
Gross premiums written	1
Less: Reinsurance premiums ceded	2
Net premiums written	3
Change in unearned premiums	4
Net premiums earned	5
Fee income	6
Commission income	7
Other operating income	9
Total Insurance Income	10

Loss and loss adjustment expenses	14
Gross claims paid	15
Less: reinsurance share of gross claims paid	16
Outstanding claims adjustment - gross	17
Less: Outstanding claims adjustment – reinsurance share	18
Policyholder benefits and claims (long-term insurance)	19
Commission, brokerage expenses, and acquisition costs	20
General and administration expenses	21
Staff costs	22
Computer processing	23
Communication and travel	24
Occupation and accommodation	25
Marketing	26
Professional fees	27
Office equipment and consumables	28
Auditors' remuneration	29
Allocation of expenses from head office	30
Other operating expenses	31
Total Insurance Expenses	36

Underwriting profit/(loss)	37

Investment income
Interest income	38
Other investment income	47
Less: investment expenses	48

Net Investment Income	51

Operating profit from ordinary activities	56

Other income / (expenses)	57
Reimbursement of expenses from head office	58
Profit (loss) before taxation	64
Tax on profit / (recoverable)	65
Profit / (loss) for the period	66


Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.4. template on Income Statement of Branch of Insurers incorporated outside of AIFC to the Manual is aimed at reporting on profits and losses.

The Income Statement of Branch of Insurers incorporated outside of AIFC must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC for reporting quarter since the beginning of the year and quarter prior to reporting quarter since the beginning of the year for the branch level and company level.

Line 66. Profit / (loss) for the period – is line 65. Tax on profit / (recoverable) subtracted of line 64. Profit (loss) before taxation

Line 65. Tax on profit / (recoverable) - is the taxes on profits recorded in compliance with the International Financial Reporting standards and requirements of the AIFC on taxation.

The line 64. Profit (loss) before taxation – is the total of line 56. Operating profit from ordinary activities and 57. Other income / (expenses).

Line 56. Operating profit from ordinary activities – is the total of line 37. Underwriting profit/(loss) and line 51. Net Investment Income.

Line 37. Underwriting profit/(loss) – is line 36. Total Insurance Expenses subtracted of line 10. Total Insurance Income

Line 10. Total Insurance Income – is the total of line 5. Net premiums earned, line 6. Fee income, line 7. Commission income and line 9. Other operating income.

Line 5. Net premiums earned – is the total of line 3. Net premiums written and line 4. Change in unearned premiums

Line 3. Net premiums written – is line 2. Less: Reinsurance premiums ceded subtracted of line 1. Gross premiums written

Line 51. Net Investment Income – is line 48. Less: investment expenses subtracted of the total of line 38. Investment Interest income and line 47. Other investment income.

Annex. 1.5. Analysis of Derivative Activities

ANALYSIS OF DERIVATIVE ACTIVITIES

INS111

Name:

Period Ending:

(All amounts rounded to nearest [USD]’000)

DERIVATIVES

Line no.

Interest Rate Contracts

Equity Contracts

Other Derivative Contracts

Foreign Exchange Contracts (incl. Gold)

Commodity Contracts (excl. Gold)

Turn-over

Notional Principal Amount

Fair Value (Asset)

Fair Value (Liab.)

Turn-over

Notional Principal Amount

Fair Value (Asset)

Fair Value (Liab.)

Turn-over

Notional Principal Amount

Fair Value (Asset)

Fair Value (Liab.)

Turn-over

Notional Principal Amount

Fair Value (Asset)

Fair Value (Liab.)

Turn-over

Notional Principal Amount

Fair Value (Asset)

Fair Value (Liab.)

Totals

Exchange-traded derivatives

Over-The-Counter Derivatives

Forwards

Swaps

Bought options

- Puts

- Calls

Written options

- Puts

- Calls

Credit derivatives - bought protection

Credit derivatives - sold protection

Other

of which: OTC derivatives with

- Parent entity

- Controlled entities

- Associates / joint arrangements

- Other related parties

Name/ Position

Signature

Date

Name/ Position

Signature

Date

Instructions on Annex 1.5. template on Analysis of Derivative Activities of Insurers to the Manual is aimed at reporting on derivative activities.

The Analysis of Derivative Activities of Insurers must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC for the Actual balances at period-end.

The Analysis of Derivative Activities must be reported on contracts on Interest Rate, Equity, Other Derivative not mentioned in a line, Foreign Exchange (including Gold) and Commodity (excluding Gold) with an information on Turnover, Notional Principal Amount, Fair Value (Assets) and Fair Value (Liabilities).

Line 1. Totals – is the total of line 2. Exchange-traded derivatives and line 3. Over-The-Counter Derivatives.

Line 3. Over-The-Counter Derivatives – is the total of line 4. Forwards, line 5. Swaps, line 6. Bought options, line 9. Written options, line 12. Credit derivatives- bought protection, line 13. Credit derivatives - sold protection and line 14. Other Over-the-counter derivatives.

Line 6. Bought options – is the total of line 7. Bought Put Options and line 8. Bought Call Options

Line 9. Written options – is the total of line 10. Written Put Options and line 11. Bought Call Options.

Line 14. Other Over-The-Counter Derivatives – is Over-The-Counter Derivatives other than derivatives mentioned in the line 1-13 of the template on Analysis of Derivative Activities with clarification in line 15.

Annex. 1.6. Analysis of Investment Concentrations in Foreign Currency

ANALYSIS OF INVESTMENT CONCENTRATIONS IN FOREIGN CURRENCY

INS113

Name:

Period Ending:

(All amounts rounded to nearest [USD]’000)

NET OPEN POSITION IN FOREIGN CURRENCY

Items denominated in foreign currencies

Line no.

USD

KZT

USD-pegged

EUR

GBP

CHF

JPY

INR

RUB

RMB

Add Currency

Total

Foreign Currency Assets¹

Cash and balances

Short term negotiable securities

Premiums receivable

Reinsurance receivable

Debt securities

Commodities

Equity investments

Other assets

Foreign Currency Liabilities

Technical provisions / Policyholder liabilities

Reinsurance payable

Bank loans and mortgages

Term debt instruments

Other liabilities

Total equity attributable to equity holders

Preference shareholders

Total Equity and Liabilities

Net position on foreign currency instruments

Principal of financial derivative contracts in a bought position

Of which: options in a bought position

Principal of financial derivative contracts in a sold position

Of which: options in a sold position

Net open position on foreign exchange for on-balance sheet items (excluding own equity)

Net receipts not yet accrued but fully hedged

Net payments not yet accrued but fully hedged

Guarantees (and similar instruments) that are certain to be called and likely to irrevocable

Other exposures

Total net open position in foreign exchange (excluding own equity)

Total net open position in foreign exchange

¹ Include pledged assets in applicable categories

Name/ Position

Signature

Date

Name/ Position

Signature

Date

Instructions on Annex 1.6. template on Analysis of Investment Concentrations in Foreign Currency to the Manual is aimed at reporting on investment net open position.

The Analysis of Investment Concentration in Foreign Currency must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC for the Actual balances at period-end segregated in different types of foreign currencies.

Line 30. Total net open position in foreign exchange – is line 16. Total equity attributable to equity holders and line 17. Preference shareholders subtracted of line 29. Total net open position in foreign exchange (excluding own equity)

Line 29. Total net open position in foreign exchange (excluding own equity) – is the total of line 24. Net open position on foreign exchange for on-balance sheet items (excluding own equity), line 25. Net receipts not yet accrued but fully hedged, line 26. Net payments not yet accrued but fully hedged, line 27. Guarantees (and similar instruments) that are certain to be called and likely to irrevocable and line 28. Other exposures.

Annex. 1.7. Analysis of Investment Concentrations Risk

ANALYSIS OF INVESTMENT CONCENTRATIONS RISK	INS114
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)


Investment Concentration Risk - 5 largest exposures to unrelated parties	Line no.	On-balance sheet exposure	Off-balance sheet exposure	Total (Col A + B)
Counterparty	Line no.	A	B	C
	1				1
	2				2
	3				3
	4				4
	5				5
Total	6


Add Country
Investment concentration risk - Geographical distribution	Line no.	On-balance sheet exposure	Off-balance sheet exposure	Total (Col A + B)	Total impairment
	Line no.	A	B	C	D
Total	7
Country 1	8
Country N	…

Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.7. template on Analysis of Investment Concentrations Risk to the Manual is aimed at reporting on investments concentrations risk.

The Analysis of Investment Concentrations Risk must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC.

Line 6. Total Investment Concentration Risk - 5 largest exposures to unrelated parties – is total of Investment Concentration Risk – 5 largest exposures to unrelated parties recorded in On-Balance (column A) in line 1-5 and Off-Balance (column B) Sheet Exposures in lines 1-5. resulted in column C Total.

Line 1 – 5. – counterparties with the top 5 largest exposures to unrelated parties On-Balance (column A) and Off-Balance (Column B) Sheet Exposures and resulted column A and column B in total in column C Total.

Annex. 1.8. Supplementary Information

SUPPLEMENTARY INFORMATION	INS210
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)

	Line no.	Current quarter
	Line no.	A
The current cash balance held in Kazakhstan bank accounts for use by the branch	1
Value of any other liquid assets held and for use by the branch	2

The company's current capital requirement in their home jurisdiction (if more than one test is used to determine the minimum capital requirement list the highest amount)	3
The amount by which the company exceeds the home jurisdiction's capital requirement, net of any deductions required by the home jurisdiction	4

Amount of any Dividends, and other distributions, declared or paid during the period	5

Staffing
Number of staff resident in Kazakhstan	6
Number of agents in Kazakhstan	7
Number of staff that do significant work for AIFC entity that are not resident in Kazakhstan	8

Complaints - to be completed if the firm does business with commercial or retail customers		Current quarter	Current year to date
		A	B
Number of complaints from commercial or retail customers received over the reporting period	9
Number of complaints from retail customers referred to the [XXX]	9A

Number of complaints by category:		A	B
Advising, selling and arranging	10
General admin or customer service, including delays	11
Price, terms, coverage or disputed sums or charges	12
Arrears-related	13
Denial of claim	14
Complaints about third-party providers (for example, third party administrators)	15
Unauthorised transaction	16
Other	17

Number of complaints by line of business:		A	B
Accident	18
Sickness	19
Land vehicles	20
Railway rolling stock	21
Aircraft	22
Ships	23
Goods in transit	24
Fire and natural forces	25
Damage to property	26
Motor vehicle liability	27
Aircraft liability	28
Liability of ships	29
General liability	30
Credit	31
Suretyship	32
Miscellaneous financial loss	33
Legal expenses	34
Assistance	35
Space	36
Space liabilities	37

Life and annuity	35
Marriage and birth	36
Linked long-term	37
Permanent health	38


Name/ Position	Signature	Date

Name/ Position	Signature	Date

Instructions on Annex 1.8. template on Supplementary Information to the Manual is aimed at reporting on Insurers’ business.

Supplementary Information Report contains short overview on Capital Requirements and Liquid Assets, Staffing and Analysis of Complaints received.

Short overview of Analysis of Complaints received includes analysis by related categories of complaints and line of business of Insurers.

Annex. 1.9. Calculation of Eligible Capital

CALCULATION OF ELIGIBLE CAPITAL	INS300
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)


DESCRIPTION	Line no.	A	B	C	D
Tier One Capital
Permanent Share Capital	1
Share Premium Account	2
Capital redemption reserves	3
Accumulated unrealised profits net of accumulated unrealised losses	4
Any other item(s) or reserve(s) approved by the AFSA	5

Total Tier One Capital	6

Tier Two Capital

Item(s) or reserve(s) approved by the AFSA	7

Total Tier Two Capital	8

Total Tier One Capital plus Tier Two Capital	9

Deductions from Tier One and Tier Two Capital:
Investments in own shares	10
Investments in subsidiaries and associates	11
Connected lending of a capital nature	12
Any interim losses incurred in the financial year	13
Intangible assets	14
Tangible fixed assets	15
Deferred acquisition costs	16
Deferred tax assets that rely on future profitability	17
Deficiencies of net assets in subsidiaries	18
Any investment by a subsidiary in the firm's own shares	19
Investments in other insurers or financial institutions	20
Any other deductible amount(s) as directed by the AFSA	21

Total deductions from Tier One and Tier Two Capital	22

Total Eligible Capital	23

Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.9. template on Calculation of Eligible Capital to the Manual is aimed at reporting on calculation of capital requirements and eligible capital.

The Analysis of Investment Concentrations Risk must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC.

Line 23. Total Eligible Capital – is line 9. Total Tier One Capital plus Tier Two Capital subtracted of line 22. Total deductions from Tier One and Tier Two Capital and resulted in column D.

Line 9. Total Tier One Capital plus Tier Two Capital – is the total of line 6. Total Tier One Capital resulted in column B. and line 8. Total Tier Two Capital resulted in column C.

Line 6. Total Tier One Capital – is the total of line 1. Permanent Share Capital, line 2. Share Premium Account, line 3. Capital redemption reserves, line 4. Accumulated unrealised profits net of accumulated unrealised losses.

Line 22. Total deductions from Tier One and Tier Two Capital – is the total of line 10. Investments in own shares, line 11. Investments in subsidiaries and associates, line 12. Connected lending of a capital nature, line 13. Any interim losses incurred in the financial year, line 14. Intangible assets, line 15. Tangible fixed assets, line 16. Deferred acquisition costs, line 17. Deferred tax assets that rely on future profitability, line 18. Deficiencies of net assets in subsidiaries, line 19. Any investment by a subsidiary in the firm's own shares, line 20. Investments in other insurers or financial institutions.

Annex. 1.10. Calculation of Prescribed Capital Requirements (PCR)

CALCULATION OF PRESCRIBED CAPITAL REQUIREMENT (PCR)	INS310
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)


Type of Insurance Firm	1

Capital Floor
Paid up share capital
Amount Paid up share capital is > Capital Floor

Capital Floor x 75%
Shareholders’ funds
Amount Shareholders’ funds is > Capital Floor x 75%

MINIMUM CAPITAL REQUIREMENT	2

Amount Eligible Capital is > Minimum Capital Requirement


PRESCRIBED CAPITAL REQUIREMENT		A	B	C	D
Investment Risk Requirement

Asset Risk Component	3		(Form INS 320)
Off-balance Sheet Asset Risk Component	4		(Form INS 330)
Off-balance Sheet Liability Risk Component	5		(Form INS 340)

Total Investment Risk Requirement	6

Insurance Risk Requirement

Premium Risk Component	7		(Form INS 350)
Technical Provisions Risk Component	8		(Form INS 360)
Long-Term Insurance Risk Component	9		(Form INS 370)
Insurance Concentration Risk Component	10		(Form INS 380)

Total Insurance Risk Requirement	11

Operational Risk Requirement
greater of:
GWP in the last 12 months	12		2,00%
Gross technical provisions	13		2,00%
but maximum ORR is capped at:	14

Total Operational Risk Requirement	15

TOTAL RISK BASED CAPITAL REQUIREMENT	16

Capital Requirement Using an Approved Internal Model (if applicable)	17

MINIMUM CAPITAL REQUIREMENT x 150%	18

ELIGIBLE CAPITAL (from form INS300)	19

PRESCRIBED CAPITAL REQUIREMENT

Amount Eligible Capital is > Prescribed Capital Requirement	20

Name/ Position	Signature	Date


Name/ Position	Signature	Date

Instructions on Annex 1.10. template on Calculation of Prescribed Capital Requirement (PCR) to the Manual is aimed at reporting on capital requirements.

The Calculation of Prescribed Capital Requirement must be recorded and reported in compliance with the International Financial Reporting Standards and requirements of the AIFC.

Line 2. Minimum Capital Requirement – depends on the type of insurance or reinsurance firms by the requirements of PINS.

Line 3. Asset Risk Component – is linked with the column C. Capital Charge of line 41. Total Asset Risk Component at the template on Calculation of Asset Risk Component (annex 1.11.).

Line 4. Off-balance Sheet Asset Risk Component – is linked with the column D. Asset equivalent value multiplied by asset risk component of line 21. Total Off-Balance Sheet Asset Risk Component at the template on Calculation of Off-Balance Sheet Asset Risk Component (Annex 1.12.).

Line 5. Off-balance Sheet Liability Risk Component – is linked with the column H. Total Risk of line Total Off-Balance Sheet Liability Risk Component at the template on Calculation of Off-Balance Sheet Liability Risk Component (Annex 1.13.).

Line 6. Total Investment Risk Requirement – is the total of line 3. Asset Risk Component, line 4. Off-balance Sheet Asset Risk Component and line 5. Off-balance Sheet Liability Risk Component.

Line 7. Premium Risk Component – is linked with the column D. of line 50. Total Premium Risk Component at the template on Calculation of Premium Risk Component (Annex 1.14.)

Line 8. Technical Provisions Risk Component – is linked with the column D. of the line 49. Total Technical Provisions Risk Component at the template on Calculation of Technical Provisions Risk Component (Annex 1.15.).

Line 9. Long-Term Insurance Risk Component – is linked with the column F. Capital at Risk of the line 7. Total Long Term Insurance Risk Component at the template on Calculation of Long Term Insurance Risk Component (Annex 1.16.).

Line 10. Insurance Concentration Risk Component – is linked with the column C. of the line 6. Total Insurance Concentration Risk Component at the template on Calculation of Insurance Concentration Risk Component (Annex 1.17.).

Line 11. Total Insurance Risk Requirement – is the total of the line 7. Premium Risk Component, line 8. Technical Provisions Risk Component, line 9. Long-Term Insurance Risk Component and line 10. Insurance Concentration Risk Component.

Line 12. GWP in the last 12 months – the amount of an AIFC- Incorporated Insurer’s Operational Risk Requirements is 2% of whichever is the higher of the AIFC-Incorporated Insurer’s gross written premiums in the 12 months ending on the Solvency Reference Date. Column B. 2% times column A. resulted in column C. ((a) (1) 2.4. Operational Risk Requirement of the PINS).

Line 13. Gross technical provisions - the amount of an AIFC- Incorporated Insurer’s Operational Risk Requirements is 2% of whichever is the higher of its technical provisions (without deduction for reinsurance) as at the Solvency Reference Date. Column B. 2% times column A. and resulted in column C. ((b) (1) 2.4. Operational Risk Requirement of the PINS)

Line 14. but maximum ORR is capped at: - if the amount calculated under subrule (1) 2.4. Operational Risk Requirements of the PINS is more than a ceiling, calculated as ((2) 2.4. Operational Risk Requirement of the PINS):

((Line 6. Total Investment Risk Requirement) + (line 11. Total Insurance Risk Requirement)) X (0,15/0,85)

Line 15. Total Operational Risk Requirements – is the maximum of line 12. GWP in the last 12 months and line 13. Gross technical provisions and maximum is caped at line 14. but maximum ORR is capped at.

Line 16. Total Risk Based Capital Requirement – is total of line 6. Total Investment Risk Requirement, line 11. Total Insurance Risk Requirement and line 15. Total Operational Risk Requirement.

Line 18. Minimum Capital Requirement x 150% - is maximum of line 2. Minimum Capital Requirement, line 16. Total Risk Based Capital Requirement and line 17. Capital Requirement Using an Approved Internal Model (if applicable).

Line 19. Eligible Capital (from form INS300) – is linked with column D. of line 23. Total Eligible Capital at reporting template on Calculation of Eligible Capital (Annex 1.9.).

Line 20. Amount Eligible Capital is > Minimum Capital Requirement – is line 18. Minimum Capital Requirement subtracted of line 19. Eligible Capital (from form INS300) .

Annex. 1.11. Calculation of asset Risk Component

CALCULATION OF ASSET RISK COMPONENT	INS320
Name:
Period Ending:
(All amounts rounded to nearest [USD]’000)

Non-Reinsurance Assets
Asset	Line no.	('000)	Risk Factor	Capital Charge
Asset	Line no.	A	B	C
Cash	1		0,50%
grade 1 sovereign debt	2		0,50%
bonds that mature, or are redeemable, in less than 1 year with a counterparty rating of grade 1 or 2 (excluding subordinated debt and government debt obligations dealt with anywhere else in this table)	3		1,00%
Cash management trusts with a counterparty rating of Grade 1 or 2	4		1,00%
Unpaid premiums due 6 months or less previously from a counterparty with a rating of grade 1, 2 or 3. Bonds that mature, or are redeemable, in 1 year or more with a counterparty rating of grade 1 or 2 (excluding subordinated debt and government debt obligations dealt with anywhere else in this table)	5		2,00%
Unpaid premiums due 6 months or less previously from an unrated counterparty or a counterparty with a rating of grade 4 or 5	6		4,00%
bonds with a counterparty rating of grade 3 (excluding subordinated debt)	7		4,00%
Cash management trusts with a counterparty rating of Grade 3	8		4,00%
secured loans	9		4,00%
bonds with a counterparty rating of grade 4 (excluding subordinated debt)	10		6,00%
Unpaid premiums due more than 6 months previously from a counterparty with a rating of grade 1, 2 or 3 Cash management trusts with a counterparty rating of Grade 4	11		6,00%
bonds with a counterparty rating of grade 5 (excluding subordinated debt)	12		8,00%
Unpaid premiums due more than 6 months previously from an unrated counterparty or a counterparty with a rating of grade 4 or 5	13		8,00%
Cash management trusts with a counterparty rating of Grade 5	14		8,00%
Listed subordinated debt	15		8,00%
Unlisted subordinated debt	16		10,00%
preference shares	17		10,00%
Listed equity instruments	18		16,00%
Listed trusts	19		16,00%
Direct holdings of real estate	20		20,00%
Unlisted equity instruments	21		20,00%
Unlisted trusts	22		20,00%
other non-reinsurance assets not mentioned in this table	23		20,00%
Loans to directors of the insurer or directors of related corporate bodies or dependent relatives of such directors	24		100,00%
unsecured loans to employees (except loans of less than 3600)	25		100,00%
assets subject to a fixed or floating charge	26		100,00%
Asset Risk Component of Non-reinsurance Assets	27


Reinsurance assets—reinsurer supervised by subrule (2) regulator
Asset	Line no.	('000)	Risk Factor	Capital Charge
Asset	Line no.	A	B	C
reinsurance assets due from reinsurers with a counterparty rating of grade 1	28		1,00%
reinsurance assets due from reinsurers with a counterparty rating of grade 2	29		2,00%
reinsurance assets due from reinsurers with a counterparty rating of grade 3	30		4,00%
reinsurance assets due from reinsurers with a counterparty rating of grade 4	31		6,00%
reinsurance assets due from reinsurers with a counterparty rating of grade 5	32		8,00%
Asset Risk Component of Reinsurance Assets - reinsurers supervised by subrule (2) regulator	33


Reinsurance assets—reinsurer not supervised by subrule (2) regulator
Asset	Line no.	('000)	Risk Factor	Capital Charge
Asset	Line no.	A	B	C
reinsurance assets due from reinsurers with a counterparty rating of grade 1	34		1,20%
reinsurance assets due from reinsurers with a counterparty rating of grade 2	35		2,40%
reinsurance assets due from reinsurers with a counterparty rating of grade 3	36		4,80%
reinsurance assets due from reinsurers with a counterparty rating of grade 4	37		7,20%
reinsurance assets due from reinsurers with a counterparty rating of grade 5	38		9,60%
Asset Risk Component of Reinsurance Asssets - reinsurers not supervised by subrule (2) regulator	39

Total Asset Risk Component of Reinsurance Assets	40

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