These guidelines apply to all direct insurers licensed to carry on general business (except captive insurers and marine mutual insurers) and any actuary approved by MAS to conduct an investigation into an insurer’s liabilities in respect of general insurance policies.

They set out guidance on:

• The valuation of general insurance policy liabilities.
• How an actuary should prepare the actuarial investigation report into an insurer’s liabilities in respect of general insurance policies.