The Central Bank of Ireland has published S.I. 392 of 2017, which amends the Life Assurance (Provision of Information) Regulations 2001. The Life Assurance (Provision of Information) Regulations (Amendment) Regulations 2017 amend Regulation 7 of the Life Assurance (Provision of Information) Regulations 2001 due to the coming into effect of the EU Regulation on key information documents for packaged retail and insurance-based investment products (the PRIIPs Regulation) on 1 January 2018.

The Actuarial Association of Europe (AAE) has published a new European Standard of Actuarial Practice (ESAP 3) on “Actuarial practice in relation to the ORSA process under Solvency II”.

This is a model standard, suitable for adoption or adaptation by Full Member Associations of the AAE and other actuarial standard-setting organisations.  It is the AAE’s intent that, by publishing model standards, it will encourage the creation and convergence of national actuarial standards.  

The Actuarial Association of Europe has today issued a Press Release on the European Commission’s proposal for an EU Regulation for a Pan-European Personal Pension (PEPP).

 

Click here to read the full Press Release.

The May 2017 edition of the SAI Newsletter is now available.  This edition features articles on:

• Biennial Dinner
• Member Support Service
• Diversity
• ERM Forum

Click here to read the latest Newsletter!

The Actuarial Association of Europe has issued its latest edition of 'The European Actuary' magazine.

Click here to read the latest edition.

The Society made a submission to the recent Health Insurance Authority consultation on Lifetime Community Rating, and has issued a press release which highlights the key finding in the submission.  

The Society is dedicated to serving the public by fostering the highest standards of professionalism and competence in actuarial practice.

In this context, the Society is inviting proposals from third parties to develop and deliver professionalism training for its members.  Detailed information on the background and the scope of the training can be found in the Society’s Request for Proposal  (RFP) (see attachment below).

The professionalism training will be delivered in two-year cycles; the first cycle will commence on 1st July 2017.

The Actuarial Association of Europe represents actuarial associations across Europe.  It currently has 36 member associations in 35 European countries, representing over 22,000 actuaries. 

AAE publications on topics relating to insurance, pensions and investment and financial risk can be accessed here.

Recent publications include:

The November edition of our SAI Newsletter is now available.  This edition features articles on:

• Exploring the Wider World
• UCD BAFS Degree
• Submission to the Pensions Authority on pensions reform
• Guidance on Head of Actuarial Function
• Professional Regulation Framework
• Risk Managment Perspectives Conference
• SAI Student Committee and Events

Click here to read the latest SAI Newsletter

The growth in ‘Average Private Health Insurance Premiums’ in Ireland has consistently outstripped economic growth over time and is expected to continue to be in excess of economic growth in the future.  This is one of the conclusions in an analysis published today (Nov 10, 2016 ) by the Society.

Read the full paper here.

The press release is available here.