EIOPA Interim Solvency II Requirements: Preparing the Actuarial Function

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.