Regulatory Alerts2021-04-15 | 29712Proposed Format of the Appointed Actuary’s Report for Long-term Insurance Business
The Insurance Sector regulator has issued a proposed standardized format for the Appointed Actuary’s Report covering long-term insurance business. The updated framework requires actuaries to adopt a unified structure that standardizes the presentation of financial data, risk assessments, and key actuarial assumptions. Implementation of this reporting template will streamline regulatory compliance and enhance transparency for policyholders and market participants.
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