Description:
Head of the group (or parent)
The head of the group or parent, whether regulated or non-regulated, is typically the legal entity that is at the top of the group structure and has a significant influence over the activities of the group as a whole. Often this would be a non-operating holding company but it could also be an insurance legal entity, among others.
Hedging
Actions taken to offset the impact of risks materialising.
Home jurisdiction
The jurisdiction in which an insurer is incorporated or its head office is located, as applicable.
Home supervisor
The supervisor from the home jurisdiction. (see: home jurisdiction)
Host jurisdiction
Any jurisdiction other than the home jurisdiction in which an insurer conducts insurance activities.
Host supervisor
Any supervisor from a jurisdiction other than the home jurisdiction. (see: host jurisdiction)
Hybrid approach
A supervisory approach to non-regulated entities which is a mix of different combinations of direct and indirect approaches for different aspects of supervision
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