Regulatory Alerts2025-01-02
Added · Updated
Appendix 1 - Supervisory Forms in Accordance with IFRS 4 for 2024
The Central Bank mandates the use of specific supervisory reporting templates for insurance companies to ensure compliance with IFRS 4 for the 2024 reporting period. The document prescribes standardized formats for consolidated and unconsolidated financial statements, including the statement of financial position, income statement, and comprehensive income. It further requires detailed underwriting revenue, claims cost, and profit accounts segmented by life insurance and general insurance business lines. These forms must be completed with current and previous year data to facilitate regulatory oversight of insurers' financial positions and operational performance.
Topics
Share