What Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) - Article 48: Actuarial function requires
Insurance and reinsurance undertakings must establish and maintain an effective actuarial function responsible for coordinating technical provision calculations, ensuring methodology appropriateness, assessing data quality, and informing management on the reliability of these calculations.
Pillar: Insurance & Risk · Authority: European Parliament and Council of the European Union · Version: 1.0.0 · Last updated:
Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32009L0138
SHA-256 integrity: 44474a7afd05f0e230c5115fce8b951d5777978cd059b1af1c7d6c0153d45a63
Primary Citations — 6 traced to source
- Article 48(1): Insurance and reinsurance undertakings shall provide for an effective actuarial function...
- Article 48(1)(a): ...to coordinate the calculation of technical provisions;
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