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INSTRUCTIONS FOR APPOINTED ACTUARIES Requirements for the Valuation, Reporting and Certification of Policy Liabilities and Other Actuarial Liabilities for Insurers writing LongTerm Insurance BusinessFebruary 2024Page 1 of 43Table of Contents 1.DEFINITIONS .............................................................................................................................................. 52.GENERAL REQUIREMENTS ...............................................................
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Gather the necessary documentation, including actuarial reports and relevant data.
02
Review the regulatory requirements specific to appointed actuaries in your jurisdiction.
03
Outline the key sections that need to be filled out, such as the scope of work, methodology, and conclusions.
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Clearly define any assumptions made during the actuarial analysis.
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Who needs instructions for appointed actuaries?

01
Insurance companies that are required to appoint actuaries for compliance.
02
Regulatory bodies that oversee the actuarial profession.
03
Actuaries themselves, who need guidance on fulfilling their roles.
04
Stakeholders such as shareholders or board members requiring insight into actuarial assessments.
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Instructions for appointed actuaries refer to the formal guidelines and requirements that actuaries must follow in the preparation and submission of actuarial reports, ensuring compliance with regulatory standards.
Licensed actuaries who are appointed by insurance companies or other entities to conduct actuarial assessments and provide reports are required to file instructions for appointed actuaries.
Filling out instructions for appointed actuaries involves gathering relevant data, adhering to the prescribed format, providing necessary calculations and projections, and ensuring all required documentation is attached before submission.
The purpose of instructions for appointed actuaries is to standardize the reporting process, ensure accurate and transparent financial assessments, and facilitate regulatory oversight of actuarial practices.
Information that must be reported includes the actuary's qualifications, the methods used for valuation, assumptions made, risk assessment, overall results, and any other relevant actuarial data.
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