Schedule of SII : Second Pillar - Advanced - Session 1
| On Wednesday 3 March: | |
| 16:00 - 18:00 | SII - Second Pillar - Advanced - Actuarial Function By CORNAERT Laurence, DE POOTER Jean-Claude |
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From 16:00 to 18:00
SII - Second Pillar - Advanced - Actuarial Function
By CORNAERT Laurence, DE POOTER Jean-ClaudeActuarial Function Holder (AFH) for Life and non-Life
Insurance companies are required, according to Article 48 in the Solvency II framework, to set up an Actuarial Function that can inform the management of the company about its activities and results. The Actuarial Function Report (AFR) contains the results and findings of the Actuarial Function from its activities during a calendar year.
The Actuarial Function Report contains:
- Organisation
- Data quality
- Model assuption changes
- Model validation
- Different reports on technical provisions, underwriting, profitability, reinsurance, contribution to Risk Management, profit sharing and experience rating.