Nieuws

The International Actuarial Association (IAA) is pleased to announce the creation of the ORSA Working Group under the leadership of Co-Chairs Henk van Broekhoven of The Netherlands and Lars Pralle of Germany. The Working Group’s membership comprises actuaries and other professionals with the relevant expertise and interest.

Own Risk Solvency Assessment (ORSA), is a tool used to assess the adequacy of the insurer’s risk management and solvency position. The Working Group aims to advance the actuarial view in this area and to promote the competencies of actuaries to perform the ORSA.

In carrying out its mandate, the Working Group will monitor developments with regard to the quantitative and qualitative elements of the ORSA in jurisdictions adopting ORSA under IAIS Insurance Core Principle 16 (for example in the United States and in Europe under Solvency II). The Working Group will also contribute to international discussions relative to the ORSA, support actuarial associations in discussions with their regulators, where appropriate, and encourage actuaries to be involved in ORSA.

One of the main objectives is to help prepare the actuarial profession to fulfill a major role in the implementation of ORSA by insurers, which may involve the enhancement of training and education programs for actuaries worldwide. In this respect, the Working Group will serve as a forum for exchanging views and developing positions to ensure that best practices emerge more quickly and are shared across the profession.

"Actuaries have a great deal to contribute to the development and advancement of this new regulatory thrust into Enterprise Risk Management. I am pleased that our initiative to create the ORSA Working Group will provide a focal point for international involvement in future developments, both for the actuarial profession and for the regulatory community." – Desmond Smith, President of the IAA

To learn more about the work of the IAA on this topic, or to become involved in its work, please contact the Co-Chairs of the ORSA Working Group, care of the IAA Secretariat.

The International Actuarial Association (IAA) is the worldwide association of professional actuarial associations, with a number of special interest sections for individual actuaries. The IAA exists to encourage the development of a global profession, acknowledged as technically competent and professionally reliable, which will ensure that the public interest is served.

International Actuarial Association | Association Actuarielle Internationale

150 Metcalfe Suite 800 Ottawa, ON Canada K2P 1P1

Tel: 1-613-236-0886 | Fax: 1-613-236-1386

secretariat@actuaries.org | www.actuaries.org

De rol van de actuaris onder Solvency II

Het IA|BE heeft een Position Paper opgesteld gewijd aan de plaats van de actuaris in de Solvency II context. Dit document werd voorbereid door de werkgroep Actuariële Functie en vervolgens gevalideerd door het ComProf en het Bestuur.

Het document werd ter beschikking gesteld aan de Directie van de FSMA en de NBB en zal ook verdeeld worden tussen de verschillende stakeholders alsook tussen onze leden.

De werkgroep Actuariële Functie werkt op dit ogenblik aan een document waar nog meer in detail wordt gegaan in de verschillende aspecten behandeld in deze Position Paper.

Vervolgens zullen de technische aspecten worden uitgediept in de Guidelines, net zoals de KVBA in het verleden reeds gedaan heeft voor de opdrachten toevertrouwd aan de aangewezen actuarissen.

See International

With Carole Bernard (University of Waterloo), Steven Vanduffel, Prof. of Risk Management at VUB, has won the ‘SCOR-EGRIE Young Economist Best Paper Award’. This is a prize for ‘the best paper presented by a young economist at the annual seminar of the European Group of Risk and Insurance Economists (EGRIE)’. A cash prize of 2,000 euro is linked to the prize.

The title of the paper is ‘Financial bounds for Insurance claims’.

More information is available on the ERGIE website - www.egrie.org.  

http://www.egrie.org/index.php?option=com_content&task=view&id=24&Itemid=35