Messrs. Chief Executive Officers/General Managers

Insurance Companies

After compliments,

Subject: Minimum Limit of Requirements of the Actuarial Report on Life Insurance and Savings

In contribution of the approach adopted by the CMA to develop the regulatory and legislative aspects for insurance companies to improve the standards of regulation of the insurance sector.

CMA considered the quality of actuarial reports on life insurance and savings filed annually with the CMA in terms of the statements indicated in the report, the methods used to estimate the value of technical provisions and the basis for reaching to such values. CMA specified the main requirements to be included in the actuarial report which would improve the quality of such reports.

Therefore, we are delighted to attach herewith the minimum requirements to be included in the actuarial report on life insurance and savings. All insurance companies must ensure compliancetherewith when filing final annual accounts.