Article 60
No: 441/186 |
1. | The Appointed Actuary of a Company shall submit an investment and asset liability management report to the Company’s Senior Management, Board of Directors and SAMA in a form and at dates to be prescribed by SAMA. | |
2. | This report shall assess the suitability of the Company’s investment policy and asset liability management strategy, having regard to the total exposure currently underwritten and expected to be underwritten in the following financial year, addressing the nature and timing of Insurance Contract Assets and Liabilities and the availability of appropriate assets, coordinating with the Investment Committee and investment manager for the purposes of its production. |