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. 2008 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.
For queries on the Valuation of Liabilities Rules please contact either:
