16:55 - 12.01.2024

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January 12, Fineko/abc.az. The Board of the Central Bank of Azerbaijan (CBA) has approved the "Content, form and procedure for submitting an actuarial opinion".

ABC.AZ reports that CBA chairman Taleh Kazimov signed a new decision.

According to the decision, the text of the actuarial report will reflect information about the responsible actuary, as well as general information, information about the insurer and about the execution and results of actuarial calculations.

Also, in insurance premiums and insurance payments, a comparison of the entire insurance portfolio of the insurer at the reporting date, insurance premiums on the main types of insurance and compensation payments for at least the last 3 years with similar periods of previous years will be carried out and analysis of the dynamics of growth or decline, as well as analysis of concentration of premiums, expected and incurred losses for the main types of insurance, and according to actuarial assumptions about cumulative life insurance and other insurance contracts concluded for a period of more than 3 years, in accordance with various segments.