Working party on actuarial reporting
The object of this paper is to provide a reference document for an actuary writing non-life reports. The object is to provide a comprehensive checklist of points that need to be considered when writing a report. This checklist is designed to serve two purposes. Firstly, to act as a guide for the work the actuary must carry out in order to be able to draw reasonable conclusions as to the reserve adequacy or solvency of a company, or part of a company as the case may be. Secondly, an actuary writing a report would be expected in the full report to either specifically cover the various items concerned or else satisfy himself that they are not relevant to the case in hand. Where a particular item is deemed by the actuary not to be relevant but might be thought by a third party to be relevant, it would be incumbent upon the actuary to incorporate in his report a statement as to why he did not consider a particular point to be relevant.