Regulatory Alerts2023-02-06
Added · Updated
Draft Asset-Liability Management Regulations
The Financial Services Commission of Jamaica issued draft regulations requiring insurers to establish and maintain effective Asset-Liability Management programs. These rules mandate that insurers develop comprehensive ALM policies, define risk tolerances, and implement strategies to manage liquidity, market, credit, and underwriting risks. Insurers must also ensure robust governance, accurate risk measurement, and regular reporting to the regulator to demonstrate program effectiveness and solvency.