Liability Adequacy Test
According to the Fourth standard of IFRS (item 15-19), the insurance company is obligated to carry out an audit of adequacy of insurance obligations (Liability Adequacy Test). Our team of the actuaries conducts LAT in accordance with the requirements of IFRS 4 and Regulator.
The result of our work is an Acturial report, which includes descriptions of the methods and assumptions used in tests and results, analysis, forecasting, and recommendations written by certified actuary. «Luts Consulting» can provide explanations regarding conducted tests during the checks by Auditor or Regulator. Additionaly, we can make various presentations for any type of auditory regarding LAT.