The SAO process is co-ordinated by Market Reserving & Capital under the supervision of the Lloyd’s Actuary.
Please see the links to the documents on the right side. The documents are:
1. 2009 Lloyd’s Valuation of Liabilities Rules. This includes sample wordings for opinions.
2. A sample spreadsheet showing the link between the technical provisions opined on and Lloyd’s Return form 223 (QMA223).
3. A document containing Frequently Asked Questions (FAQs) that provides additional clarification.
4. Market Reserving & Capital have additionally collated data that may assist the evaluation and benchmarking of US Trust Fund liabilities. The download section opposite includes an excel spreadsheet containing the data. The file consists of triangles of signed premiums, paid claims and incurred claims by OECD class separately for the surplus lines and credit for reinsurance trust funds. Triangles for each Lloyd's syndicate have been aggregated to give the market level information. The data has been taken from Schedule P, parts 2-6.
For queries on the Valuation of Liabilities Rules please contact either:
