CIA.CSOP

Question 1

what should be included in the AAR (Appointed Actuary’s Report) (4)

Answer 1

OPINION: on whether PolLiabs as determined by AA are fairly represented in insurer’s F/S
ALSO: detailed commentary, data, calculations

Question 2

AA’s main responsibility regarding data in the AAR

Answer 2

that the data is RelSuff (reliable & sufficient) for valuation purposes

Question 3

what disclosures are required by NEW AA in next AAR

Answer 3

DATES: outgoing AA exit date, incoming AA start date, OSFI notification date
COMMUNICATION: between incoming AA and outgoing AA
QUALIFICATIONS: of new AA