Topic wise KAMs extracted from Annual Reports of Insurance Companies of other Jurisdictions where the model similar to the new Auditors Report has already been adopted is given as follows:

1. Deferred tax assets
2. IT systems and control environment
3. Insurance liabilities
4. Recoverability of deferred tax assets
5. IT controls
6. Change and IT
7. Insurance reserves valuation
8. Investments not held at fair value
9. Valuation of Incurred But Not Reported (IBNR) loss reserves
10. Revenue recognition
11. Valuation of investments with a judgmental valuation, being investment property and derivatives
12. Revenue recognition
13. Valuation of financial investments
14. Revenue recognition – calculation of profit commission income
15. Valuation of gross insurance claims reserves
16. Valuation of finite lived intangible assets relating to the Friends Life Group Limited acquisition
17. Valuation of hard to value investments
18. Valuation of life insurance contract liabilities
19. Valuation of non-life insurance contract liabilities
20. Goodwill and intangibles impairment
21. Deferred Acquisition Costs (‘DAC’)
22. Valuation of investments
23. Policyholder liabilities
24. Policyholder liabilities and long-term insurance policyholder liabilities