Regulatory Alerts2025-02-18
Added · Updated
Guideline for Appointed Actuaries: Valuation of Actuarial Reserves and Other Policy Liabilities for Life Insurers 2024
The Financial Services Commission of Jamaica issued this guideline to establish mandatory requirements for the valuation of actuarial reserves and other policy liabilities by life insurers. It mandates that Appointed Actuaries submit a comprehensive Appointed Actuary’s Report within ninety days of the financial year-end, detailing methodologies, assumptions, and data quality assessments. The document further outlines specific filing formats, review processes, and the regulator's authority to reject inappropriate assumptions or require re-filings.
Topics
Share