Regulatory Alerts2015-05-08
Decision on the Contents of the Opinion of a Certified Actuary
The Executive Board of the National Bank of Serbia issues this Decision to regulate the detailed contents of opinions issued by certified actuaries appointed by insurance and reinsurance companies. The regulation mandates quarterly actuarial reviews covering premium calculation methods, technical provisions, business policy acts, and financial statements to ensure compliance with actuarial principles and the continuous fulfillment of company liabilities. Certified actuaries are required to provide specific data, assessments, and recommendations regarding risk adequacy, reserve sufficiency, and the impact of business changes on the company's financial stability.
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