Regulatory AlertsCPG 320 Actuarial and Related Matters
The Australian Prudential Regulation Authority issued this guide to support insurers and actuaries in complying with Prudential Standard CPS 320 regarding the appointment and role of the Appointed Actuary. The document details requirements for establishing an actuarial advice framework, including materiality policies, conflict of interest management, and procedures for temporary appointments. It further outlines specific obligations for preparing Financial Condition Reports and Actuarial Valuation Reports to ensure sound financial management and policyholder protection.
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