Regulatory Alerts2020-11-23
Guernsey Financial Services Commission Guidance Note on Actuarial Valuations
The Guernsey Financial Services Commission issued this guidance to specify the minimum information required in actuarial valuation reports submitted by licensed life assurance companies. The document mandates compliance with Actuarial Practice Standard X1 and details specific reporting requirements for policy data, asset summaries, reassurance arrangements, and valuation methodologies. It further requires disclosure of valuation results, solvency capital comparisons, and assumptions to ensure accurate regulatory oversight.
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