Regulatory Alerts2015-05-27 | cba-blob-8730CBA Prudential Supervision Manual for Insurance Companies
The CBA issues these supervisory guidelines to establish comprehensive asset management, external auditor appointment, and actuarial certification standards for insurance companies. Insurers must implement robust investment policies, maintain clear Board and senior management oversight, and continuously monitor market, credit, liquidity, and operational risks to ensure adequate technical provisions and solvency. Life insurance companies are further required to produce detailed actuarial reports that substantiate financial positions, evaluate technical provision adequacy, and address potential solvency threats through transparent methodologies and external auditor coordination.
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