First AG55 reports are due April this year.
Most firms can comply. Few can do it without weeks of manual work.
AG55 requires attribution analysis — tracing exactly how reserves change due to mortality assumptions, interest rates, lapses, expenses, and asset performance.
Then documenting it. Then defending the methodology to regulators.
Doing this manually for one treaty is possible. Doing it systematically across an entire portfolio whilst maintaining audit trails and version control requires infrastructure most firms don’t have.
The firms ready for AG55 built this capability over time.
They mapped where data actually lives. They eliminated the reconciliation steps between actuarial and investment systems. They automated validation loops that used to take days.
Three questions reveal whether you’re ready:
- Can you decompose reserve changes across all assumption categories without manual spreadsheets?
- How many touchpoints exist between raw data and the final attribution report?
- Who owns the end-to-end process — actuarial, risk, IT, or CFO?
Read our full analysis in our AI Readiness in Bermuda Life Reinsurance report.
