News

Climate change is affecting how risks are underwritten, priced, managed and reported globally, whether for general insurance, life insurance, pensions, other financial institutions, and social security.  

This is one of the key messages in a paper ‘Climate Change Matters’ published by the Society of Actuaries in Ireland on Monday Oct 24th.

SAI Response to the Department of Finance on the Consultation on Development of a National Resolution Framework for (Re) Insurers (Sept 2021)

The Society of Actuaries in Ireland has responded to the Call for Expert Evidence for Climate Action Plan 2021 from the Department of the Environment, Climate and Communications.

The response is available to read here https://web.actuaries.ie/press/submissions. 

The November 2020 Newsletter is now available to read online. This edition includes articles on:

The Society has prepared a guide that aims to explain the professional requirements placed on its members (and other stakeholders), why it does this and how these professional requirements are structured.

It also aims to help any members who are developing those requirements, by making clear our objectives. The paper addresses: -

We are pleased to announce that the Society of Actuaries in Ireland has joined the CERA Global Association as an Acceding Party.

The Society’s ERM Committee has responded to the Institute & Faculty of Actuaries consultation on the regulation of Chief Risk Officer roles under Solvency II.

Full details of the consultation are available from http://www.actuaries.org.uk/research-and-resources/documents/consultati…-

The ERM Committee submission is available here.

On 10th October 2014, the European Commission adopted a Delegated Act containing implementing rules for Solvency II. This will enter into force once the European Parliament and Council have both approved it, following their scrutiny, for which a maximum period of 6 months can be taken.

The Actuarial Association of Europe issued the following press release today:

The Society of Actuaries in Ireland has today responded to the Central Bank of Ireland “Consultation on Requirements for Reserving and Pricing for Non-Life Insurers and Reinsurers” (Consultation Paper CP 73).   

The Society supports many aspects of the proposals, such as the improved governance of the reserving process for non-life direct insurance business.

The International Actuarial Association (IAA) has published a paper on Stress Testing and Scenario Analysis by the Insurance Regulation Committee.

EIOPA Press Release: