Regulatory Alerts2025-01-02
Added · Updated
Central Bank of Jordan Actuary Certificate and Supervisory Forms 2024
The Central Bank of Jordan issues standardized forms requiring licensed actuaries to certify contract liabilities for general insurance business. These documents mandate declarations regarding data validation, actuarial assumptions, and compliance with IFRS and local regulations. The forms require detailed tabular summaries of liabilities under the Premium Allocation Approach and General Measurement Model, alongside a report on changes in methodologies. This regulatory framework applies to appointed actuaries and insurance companies submitting annual valuations.
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