Regulatory Alerts2026-01-01
Insurance (Actuaries) (Life Insurance Companies) Regulations 2001
The Commission issued these regulations to establish the professional standards and valuation methodologies for appointed actuaries at life insurance companies. The rules mandate rigorous procedures for determining policy benefit liabilities, selecting appropriate actuarial assumptions, and calculating margins for adverse deviations. Additionally, the regulations require actuaries to conduct annual solvency investigations and submit Dynamic Capital Adequacy Testing reports to ensure financial stability.
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