Regulatory Alerts2025-01-02
Added · Updated
Central Bank of Jordan Certificate of the Actuary in Life Insurance Business and Supervisory Forms for 2024
The Central Bank of Jordan mandates the use of specific supervisory forms for the annual Certificate of the Actuary in Life Insurance Business. Licensed actuaries must submit declarations verifying data accuracy, contract liabilities, and compliance with Actuarial Standards of Practice and IFRS. The forms require detailed reporting on measurement models, including the Premium Allocation Approach, General Measurement Model, and Variable Fee Approach, alongside comprehensive disclosures on assumptions, data quality, and investment-linked contracts.
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