Bidda Sovereign Intelligence · 10,090 Verified Nodes · 39 Sovereign Pillars

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

Insurance and reinsurance undertakings must establish and maintain an effective actuarial function responsible for coordinating technical provision…

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;

+ 4 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.

Access

⚠ Important: Human Verification Required

Bidda compliance nodes are reference intelligence, not legal advice. Every node must be reviewed by a qualified compliance professional or legal counsel before implementation in any enterprise workflow, regulated system, or compliance programme. See bidda.com/disclaimer for full terms.