ia_gov_sa · circular · duplicate · 2 chunks
ب……امتراحن ازین
موربه التقامري لتوديا
الرحكدرشيس
الاداريه الخاصه للرقابه علي التامين
تعميم
سلامه الله
/sعاده الرييس التنفيذي/
/شركه
السلام عليكم ورحمه الله وبركاته ...
.Actuarial Pricing & Reserving
اشير الي تعليمات المؤسسه المبلغه عبر البريد الالكتروني بتاريخ ٢٠٠٥/٢٠ م شان
..Actuarial Pricing & Reserving
مرفق لكم التعليمات المشار اليها اعلاه، للاحاطه. علما بانه يسري العمل بها اعتبارا من
تاريخ ابلاغها لكم عبر البريد الالكتروني.
وQTقبلوا سعادتم تحياتي ...
عبدالله بن احمد التوبجري
مدير عام الرقابه علي التامين
نطاق التوزيع:
- شركات التامين واعاده التامين
ص.ب 2992.莒ياض 11179 هاتف، 2992 11 6293701، 4اكس، 2992 11 6293701، 4اكس، 2992 11 6293701، 4اكس، 2992
تعليم
Subject: Actuarial Pricing and
الرقم: ت.ع.م/199/٢٠٢٠١٠/٢٧
Reserving
التاريخ: ٢٠٢٠/١٠/٢٧
Dear CEO
Dear Compliance Officer
With reference to the schedule for Actuarial Submissions for Year 2020 issued by SAMA on 26 \( ^{th} \) March 2020, the annual pricing reports for Motor and Medical insurance are due for submission during the month of June.
During these unprecedented circumstances due to COVID19, SAMA continues to consult with the insurance sector in order to find the best outcome both for the sector and the insured public. Therefore, in consideration of the inputs received regarding the above two pricing reports, it has been decided to suspend the above submission requirements until further notice.
Instead, management shall ensure that:
a. The Appointed Actuary and the underwriting team work closely to devise a pricing methodology tailored to the current circumstances
b. All policyholders are treated fairly under the above pricing methodology
c. The above pricing methodology is reviewed frequently by the Appointed Actuary and the underwriting team so that it reflects the latest information available
Within three working days of these instructions, the CEO must send a confirmation to SAMA stating that:
- Items a) to c) above have been discussed and agreed with the Appointed Actuary and the Chief Underwriting Officer (or equivalent).
- The CEO takes full responsibility for adherence to these instructions on an ongoing basis.
The above confirmation shall be sent to IC.Pol@sama.gov.sa and IC.Tec@sama.gov.sa.
SAMA will continue to monitor the situation and will issue further instructions as necessary.
Kind Regards
General Department of Insurance Control
Saudi Arabian Monetary Authority
العربيه والرقابيه