Actuarial Report

Question 1

How often should an actuarial report be produced?

Answer 1

At least annually if regular valuations are performed

Question 2

What should be documented regarding data in the report?

Answer 2

Any reliances and limitations

Question 3

What results should be included in the report in addition to the valuation result/

Answer 3

1. Sensitivity testing performed
2. Analysis of movement
3. Actual vs expected results

Question 4

What disclosures should be made in the report?

Answer 4

Any deviations from APN 401 or from legislation and the reasons for the deviations