EIOPA Interim Solvency II Requirements: Preparing the Actuarial Function

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By Jim Murphy, Kevin Manning | 24 June 2013
EIOPA’s Consultation Paper on guidelines to regulators for the implementation of the System of Governance requirements includes a requirement to establish an Actuarial Function with Solvency II responsibilities. The Actuarial Function will be responsible for coordinating the calculation of Technical Provisions on a Solvency II basis. This update describes the key issues for companies to address.