As a self-regulatory organization, our institute has prepared a practical manual for the preparation of review reports that external verification agencies are required to produce, in accordance with Article 6-8, Paragraph 4 of the Insurance Business Supervision Regulations.

However, please note that this manual is not a legal requirement or standard; therefore, it is not mandatory for external verification agencies to comply with it. Additionally, it may not align with future changes to relevant laws or standards.

We hope that external verification agencies and insurance companies will use this manual as a useful reference while performing verification tasks in accordance with applicable laws. We will also manage the manual through ongoing revisions and updates to ensure its continued relevance.

Lastly, we would like to thank the members who participated in the preparation of this manual despite their busy schedules.

A. History of Manual Issuance and Revision
- Initial Issuance: December 5, 2023

B. Applicable Legislation
- Insurance Business Supervision Regulations (Effective August 30, 2023), Insurance Business Supervision Implementation Rules (Effective September 15, 2023), etc.
- Note: Any amendments to applicable legislation will be reflected in future revisions of this manual.

C. Task Force
- Leader: Mincheol Kim (Actuarial Corporation Committee, Institute of Actuaries of Korea)
- Members: Kwango Kwak (The Map Actuarial Consulting), Seongsu Kim (Woori Actuaries Consulting), Jeonghoon Park (Summit Actuaries & Consultants inc.), Seunghyun Byeon (Summit Actuaries & Consultants inc.), Seungwoo Ham (Seoul Actuary Services), Jinyoung Heo (SIG)
- Secretary: Dohee Jeong, Team Leader (Self-Regulation Team, Institute of Actuaries of Korea)