Regulatory Alerts2024-12-31
Added · Updated
Appendix 4 - Actuarial Expert Certification Decision and Regulatory Forms for 2024
The Central Bank of Jordan issues Appendix 4 to define the specific responsibilities of insurance companies, external auditors, and actuarial experts regarding the accuracy of data in regulatory forms. The document mandates joint verification by all three parties for most general and life insurance reserving segments, financial statements, and IFRS 17 notes. It assigns exclusive responsibility to the insurance company for specific items such as expense allocation by nature, investment returns, and investment-linked documents. External auditors and actuarial experts are exempt from certifying certain financial statements like the Statement of Financial Position and receivables from reinsurers under IFRS 9.
Topics
Share