Regulatory Alerts2021-10-21
Guidance Note for Licensed Insurers on Resilience Testing
The Commission issued this November 2021 guidance to instruct licensed long-term and general insurers on conducting asset-liability matching resilience testing. It requires companies to apply realistic assumptions, such as significant equity or interest rate movements, to assess exposure to market changes and determine if mismatching reserves are needed. Insurers must integrate these testing bases into their internal guidelines and review them regularly to ensure ongoing solvency compliance.
Share