Regulatory Alerts2017-08-25 | 23911Request for Information on Reserving made under Section 51(1) of the Insurance Act
The Insurance Sector regulator has issued a formal request for information requiring insurers to submit detailed reserving data and methodologies under Section 51(1) of the Insurance Act. Regulated entities must provide comprehensive calculations and supporting documentation to demonstrate compliance with current reserve standards. This inquiry directly strengthens market transparency, informs future regulatory adjustments, and ensures accurate financial reporting across the sector.
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