2020-12-22 | 29669

Request for Information – Reserving Under Section 51.1 of IA

The Insurance Sector regulator has issued a request for information regarding reserving practices under Section 51.1 of the Insurance Act. Insurers must submit comprehensive data and commentary on their reserving methodologies, key assumptions, and capital adequacy to facilitate regulatory assessment. This process will establish standardized reporting expectations and strengthen the consistency of reserving frameworks across licensed entities.

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