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.

Links to the documents can be found below:

SAO Inflation Return 2022

2022 Lloyd’s Valuation of Liabilities Rules

Lloyd’s NED Forum 2022 - Recording

Lloyd's Ned Forum 2022

Reserving Forum October 2022

Reserving Forum October 2022 – Recording

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

Reserving Guidance – Allowing for Inflation

Lloyd’s LCR Roll-Forward Test of Uncertainty Template

Lloyd's Chief Actuary & Finance Director Forum - 8 July 2019

Large Loss Wording

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

Lloyds Solvency II Technical Provisions Guidance Nov 2019

Allocation Methodologies Guidance (May 2011)

Risk code mapping to Solvency II class of business (May 2015)

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:

ITGApplicationSupport2@lloyds.com