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The valuation of insurance liabilities is carried out in accordance with the Insurance Act (Cap. 142) Insurance (Valuation and Capital) Regulations 2004. Risks are grouped and analysed in accordance with lines of business described under Form G1 of the Insurance Act (Cap. 142) Insurance (Accounts and Statements) Regulations 2004 where there is sufficient data or credible volume to make projections. Information on the actuarial methods and assumptions employed in the determination of insurance liabilities as well as the process for determining risk margin, sensitivity analysis on the impact of  change in key variables on claim liabilities and claims development statistics can be found in Note 15 of the Financial Statements here.