Pakistan Society of Actuaries


The Central Bank of Bahrain (CBB) has made production of Financial Condition Reports mandatory for all insurance and takaful companies. In addition, the actuary of a takaful firm should certify wakala fees, participant’s fund underwriting loss, distribution of surplus and earmarking of assets. The new regulations which were first made mandatory for the 2014 enhances the role of actuaries in the financial evaluation of the company.