Lloyd’s Reserving Guidance and Support Materials
The Lloyd's Valuation of Liabilities Rules specifies requirements, guidance and clarification for actuaries preparing Statements of Actuarial Opinion (SAOs).
Capital & Reserving
View all 'Capital & Reserving'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 below. The documents are:
2021 Lloyd’s Valuation of Liabilities Rules
Lloyd's/ Signing Actuaries: MDC refresher - Live Recording
Signing Actuaries Forum October 2021
Signing Actuaries Forum October 2021 – Live Recording
Reserving Tests of Uncertainty – 2023 Process
Lloyd’s Reserving Thematic Tests FAQs
Lloyd’s LCR Roll-Forward Test of Uncertainty Template
Lloyd's Chief Actuary & Finance Director Forum - 8 July 2019
Large Loss Wording
2020 Lloyd's Valuation of Liabilities Rules
SAO Template 2019 Year End
Sample QMA 223 and corresponding SAO Signoff
Additional FAQ for above SAO Syndicate Template Return
Reserving Minimum Standards
US Trust Fund Triangles (2019 Year End)
Lloyd's NED Forum 2020
Signing Actuaries Forum November 2020
Signing Actuaries Forum November 2020 - Live recording
PRA Slides from the Lloyd's Actuarial Seminar on 7 December 2017
Lloyd's Update GIRO September 2019
LMAG - Lloyd's Casualty Market Study (June 2020)
Advisory Note on Unallocated Loss Adjustment Expenses.
Advisory Note on Bad Debt.
Advisory Note on Lloyd’s US Opinions.
For queries on the Valuation of Liabilities Rules please contact us using the details provided in the document.
Technical Provisions Guidance
Technical Provisions Data and Gross Quarterly Data Return
Instructions, Specifications and FAQs relating to these returns can be found on the Core Market Returns (CMR) system. To gain access to the CMR system please contact your internal administrator who grants access to the different forms. If you are still having difficulties or are unsure who your administrator is you can contact Application Support at:
Actuarial Function Guidance
Contacts
Mirjam Spies
Head of Actuarial Oversight, Market Reserving and Capital
+44 (0)20 7327 6474 Mirjam.Spies@lloyds.com