Through Circular SS. SG. No. 162 dated December 20, 2023, the Superintendency of Insurance ("SIS") communicated that the external actuarial audit report established in Resolution SS. SG. No. 305/2022 will apply from the fiscal year’s audit concluding in June 2025.

The SIS urges insurers and registered external audit firms to take precautions and anticipate the verification work for the specified period in contracts to be signed in the year 2024.