Regulatory Alerts2018-11-29
Thematic review of the appointed actuary role
The New Zealand insurance regulator published findings in June 2020 regarding the appointed actuary role within the insurance sector. The review identified that while actuaries maintain good practices, there is a critical need for clarity on regulatory expectations and safeguards to protect the role's impartiality from senior management influence. These findings led to the publication of a policy note outlining specific expectations for insurers and appointed actuaries to strengthen risk management and policyholder security.
Share