10.

RISKSA Magazine - - Advertorial -

There is no ex­press re­stric­tion on out­sourc­ing. How­ever in­sur­ers must have a risk man­age­ment pol­icy and, depend­ing on the na­ture and scope of the ac­tiv­ity to be out­sourced, such out­sourc­ing may need to be dis­closed by way of a mod­i­fi­ca­tion to the risk man­age­ment pol­icy. In ad­di­tion, the in­surer must en­sure that at all times it meets the con­di­tions for en­ti­tle­ment to hold its li­cence.

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