Regulatory Alerts2021-10-21
Guidance Note on Actuarial Requirements and Standards
The Guernsey Financial Services Commission issues this guidance to outline actuarial obligations for international and locally incorporated domestic insurance companies licensed in Guernsey. The document details statutory requirements under the Insurance Business (Bailiwick of Guernsey) Law 2002, including the mandatory appointment of actuaries, periodic financial investigations, and duties to report material risks or changes in personnel. It further mandates that actuarial reports comply with standards set by recognized bodies such as the International Actuarial Association or the Institute and Faculty of Actuaries.
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