Regulatory Alerts2017-08-25 | 29496Added · Updated
Parallel Run 2 Submissions for Long Term Insurance Business Valuation and Capital Adequacy
The Central Bank of Trinidad and Tobago requires insurance companies, appointed actuaries, and related statutory groups to submit Parallel Run 2 data by June 30, 2011. Life insurers must provide the Appointed Actuary's report under the Insurance (Caribbean Policy Premium Method) Regulations, while general insurers must submit B4 Schedules covering the previous three financial years. All insurance companies are obligated to file Capital Adequacy Forms under the draft Insurance (Capital Adequacy) Regulations and revised Forms D1 and D3. Submissions may be sent electronically via email with PGP encryption or as hard copies to the Chief Actuary's office.