Regulatory Alerts2021-11-16 | 29730Format of the Appointed Actuary’s Report for Long-Term Insurance Business and the Standards of Accepted Actuarial Practice
The Insurance Sector mandates a standardized format for appointed actuaries’ reports covering long-term insurance business and establishes corresponding standards of accepted actuarial practice. The directive specifies structural and content requirements for report preparation, ensuring consistent disclosure of actuarial assumptions, methodologies, and financial impacts across regulated entities. Compliance with these updated reporting frameworks will enhance regulatory oversight, improve data comparability, and streamline the review process for long-term insurance portfolios.
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