Regulatory Alerts2004-12-13
Added · Updated
FMA Circular on Professional Qualifications for Responsible Actuaries and Deputies
The Financial Market Authority (FMA) issued this circular to define the professional qualification requirements for responsible actuaries and their deputies under the Insurance Supervision Act. The document mandates that appointees hold a diploma in mathematics or technical mathematics and possess specific specialized knowledge in insurance mathematics, financial mathematics, and law and business. Additionally, candidates must demonstrate at least three years of relevant practical experience and submit detailed proof of their academic and professional credentials to the FMA upon appointment.
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