Regulatory Alerts2021-11-10
Added · Updated
INS-S-2-2 Asset Liability Valuation for Capital Adequacy
The Namibia Financial Institutions Supervisory Authority issued Standard INS-S-2-2 to mandate the determination, calculation, and valuation of assets and liabilities for all registered insurers and reinsurers. The standard establishes detailed valuation methodologies for technical liabilities, including best estimates and margins over best estimates, while specifying fair value asset measurements and explicitly excluding inadmissible assets such as reciprocal cross-holdings and intangibles. Registered entities must apply consistent, transparent actuarial methods compliant with NSAP 104 to accurately report capital adequacy requirements and enable regulatory intervention when valuation adjustments are warranted.
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