Regulatory Alerts2017-04-10
Regulation of the Financial Market Authority on the Report by the Responsible Actuary for Insurance Undertakings
The Austrian Financial Market Authority issued this regulation to standardize the submission and content of actuary reports for insurance undertakings under the 2016 Insurance Supervision Act. It mandates electronic PDF submission and prescribes a detailed structure covering technical results, profit sharing, reinsurance, and specific provisions for state-sponsored retirement schemes. The regulation defines precise disclosure requirements for premium scales, embedded options, and audit opinions to ensure consistent supervisory oversight.
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