Society responds to Central Bank consultation on Reserving & Pricing Requirements
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.
Society responds to consultation on Impact Metrics for Risk Based Supervision
The Society of Actuaries in Ireland has responded to a “Consultation on Impact Metrics for the Risk Based Supervision of Financial Firms by the Central Bank and on Impact Based Levies”.