Actuarial Function
This working party was set-up at the recommendation of GI PEC and is new for 2013.
Key Objectives:-
- To suggest 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.
Membership:-
Chair: Richard Williams
Current Number of Members: 19
If you would like to join this working party, or for further information on any of our general insurance working parties then please email Dawn McIntosh, Communities Manager.