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:

 

Chair: Richard Williams
Membership: 14
Established: 2013

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Contact Details

If you want more information about this research working party please contact the Communities Team.

professional.communities@actuaries.org.uk

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