Regulation 5 - An IIO shall prepare and submit to the Authority the following statements...
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023 Chapter II REPORTING REQUIREMENTS
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Life insurance solvency reporting requires IIOs to file prescribed asset, liability and solvency statements with actuarial certification. Life insurance IIOs must prepare and submit, at specified intervals, prescribed statements of admissible assets, liabilities and solvency margin. They ... Summary
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business)...
Life insurance solvency reporting requires IIOs to file prescribed asset, liability and solvency statements with actuarial certification.
Life insurance IIOs must prepare and submit, at specified intervals, prescribed statements of admissible assets, liabilities and solvency margin. They must also submit an annual actuarial report prepared by the Appointed Actuary, together with valuation of assets and liabilities and a certified computation of solvency margin. Additional reports may be directed by the Authority. The reporting obligations apply even where capital is maintained under home-country regulations.
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