- >Annual financial reports should be submitted by insurance companies once every year by 31 May. They include a set of audited standard regulatory forms and the auditors annual audit report on the company’s financial statements.
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Semi-annual financial reports should be submitted by insurance companies once every year by 1 October. They include a set of standard reviewed regulatory forms and the auditors semi-annual review report on the company’s financial statements.
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Standard Quarterly regulatory forms are reports submitted within one month from the end of each quarter and they include some basic information reported on a quarterly basis.
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The standard actuarial report must be filled by companies licensed to operate under the 1st branch of the insurance law (life companies). The report is submitted once every year at the end of May.
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Published balance sheets, as per Article 101 of the Code of Commerce, all joint-stock companies including insurers must publish their balance sheets to the public within two months from the date of approval of accounts by the general assembly. Insurance companies publish their balance sheet using a standard template.
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Lawyers letters declaration as per ICC circular number 1/ICC, dated 15/3/2005 is a report required to be submitted by the companies’ lawyers on a yearly basis describing the pending legal proceedings and seizures between the companies and third parties.
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Declaration of Sum insured as stipulated in Ministerial Decision number 208 dated 01/08/2001, all supervised entities are required to submit on a quarterly basis, a declaration of all the underwritten policies having sum insured exceeding the Equity of the insurer.
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Quarterly Auto Reports received from insurance companies as required by ICC circular reference number 2312/ICC dated 10/9/2013. They include information on the compulsory motor third party liability bodily injury line of business.
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CPIS automatic email is required as per the ICC circular reference number 2741/ICC dated 10/10/2013 according to the standard template circulated by the Central Bank. It is a Quarterly Coordinated Portfolio Investment Survey which provides information on Equity Securities issued by non-residents on the assets side of insurers.
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CDIS is an Annual Coordinated Direct Investment Survey which provides information on a category of international investment that implies a long-term relationship between the investor and the direct investment enterprise, with a certain degree of influence by the investor over the management of the concerned institution. It includes three subcategories: equity capital, reinvested earnings, and other capital. It is mainly classified according to its destination: direct investment abroad and direct investment in Lebanon.