Guidelines
Guidelines on the Preparation of Actuarial Investigation Report (ID 01/20)
To provide guidance on the information that should be disclosed when an actuary prepares a report referred to in section 37(1)(b) of the Act (an “actuarial investigation report”).
This Guideline is issued following the cancellation of the previous MAS Notice 319 and Guidelines ID 1/04, and comprises guidance on the information that should be disclosed when an actuary prepares a report referred to in section 37(1)(b) of the Act (an “actuarial investigation report”). The relevant parts of the previous MAS Notice 319 and Guidelines ID 1/04 have been moved into this new Guideline, which has also incorporated features relating to RBC 2 framework.
This Guideline applies to any licensed insurer required under section 37 of the Act to have an investigation made by an actuary into the financial condition of each class of the business that it carries on.
This Guideline applies to any licensed insurer required under section 37 of the Act to have an investigation made by an actuary into the financial condition of each class of the business that it carries on.
Related to this Item
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NoticesLast Revised Date: 19 December 2022
Notice 133 Valuation and Capital Framework for Insurers
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
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CircularsPublished Date: 19 December 2022
ID 18/22 - Amendments to MAS Notice 133
Informs licensed insurers on changes to Notice 133.
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NoticesLast Revised Date: 15 March 2021
Notice 130 on Insurance Returns (Accounts and Statements) for Captive Insurers
Requirements for captive insurers on the returns to be lodged with MAS.
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CircularsPublished Date: 24 December 2020
ID 40/20 Guidelines on the Preparation of the Actuarial Investigation Report and Updates to Notice 133
Informs licensed insurers on new guidelines on the preparation of the actuarial investigation report and changes to Notice 133
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Subsidiary LegislationLast Revised Date: 31 March 2020
Insurance (Valuation and Capital) Regulations 2004
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
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NoticesLast Revised Date: 05 March 2020
Notice 319 Valuation of Policy Liabilities of Life Business [Cancelled with effect from 31 Mar 2020]
Requirements and guidelines on the valuation and reporting of policy liabilities.
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GuidelinesLast Revised Date: 03 January 2008
Valuation of Policy Liabilities of General Business [ID 1/04]
Guidelines for valuation of general insurance policy liabilities, and for preparing an actuarial investigation report for general insurance business.