The disbanded Actuarial Function Working Party explored the work which that needed to be undertaken by the actuarial function to fulfil the requirements of Article 48 of the Solvency II Directive
The Actuarial Function Working Party’s objectives were:
- to suggest the content and structure of the Actuarial Function report
- to discuss possible organisational structures for the Actuarial Function which may vary according to the scale, nature and complexity of the organisation
- to consider who should perform the role of the Actuarial Function Holder and any recommended qualifications
- to consider the non-regulatory, internal users/clients/'customers' of the Actuarial Function and their requirements and expectations
- to discuss issues of independence, conflicts of interest and the appropriate segregation of responsibilities in the context of the Actuarial Function
- to consider the extent and nature of liaison with and reliance upon non-actuaries which may be required to fulfil some of the requirements of the Solvency II Directive.
Outputs:
- 2015 Report: Application of the Solvency II actuarial function to general insurance firms
- CIGI 2015
- Application of the Actuarial Function to Non-Life Firms (GIRO 2014)
- Application of the Actuarial Function in General Insurance Companies (GIRO 2013)
- Role of the actuarial function under Solvency II (GIRO 2011)
Chair: | Richard Williams |
---|---|
Membership: | 14 |
Established: | 2013 |
Related documents
-
C01 - Application of the actuarial function to GI companies
3 October 2013 -
Guidance for Member-Led Research Working Parties
9 November 2017 -
Solvency II - General Insurance
6 June 2016
Contact Details
If you want more information about this research working party please contact the Communities Team.
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