Regulatory Alerts2026-07-12
Added · Updated
Certificate of the Actuary in Life Insurance Business and Supervisory Forms 2024
The Central Bank of Jordan issues the 2024 Certificate of the Actuary in Life Insurance Business and associated supervisory forms to standardize actuarial reporting for licensed actuaries and insurance companies. The document mandates specific declarations regarding data validation, contract liability calculations under IFRS, and the accuracy of actuarial assumptions for both non-linked and investment-linked contracts. It requires detailed tabular summaries of liabilities measured under the Premium Allocation Approach, General Measurement Model, and Variable Fee Approach, alongside comprehensive reports on data quality, methodology, and expense allocation.
Topics
Share