Draft Guidance Notes: Actuarial reporting in general insurance

Document description

The Institute have issued guidance notes and official exposure drafts on a number of topics. None of these specifically relate to general insurance, although those on professional conduct and practice and legal liability are not irrelevant. There is a perceived need to fill that gap. However, the absence of a statutory or traditional role imbues a certain lack of clarity in the ground to be covered by any such guidance notes. The attached draft, which has no status other than as a discussion document for the Bournemouth seminar, could be regarded as the first of a series of guidance notes related to general insurance. The present aim is to prepare a second draft of the discussion document following the discussion at Bournemouth and any other contributions. It could then be presented to the General Insurance Committee of the Institute for further consideration not only on its content but for the need for such guidance notes