Professionalism. Professional standards for Solvency II Chris Daykin. Article 48 (2) of Solvency II Directive.
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Professional standards for Solvency II
CP26 to CP37 – mostly on Technical Provisions
But, of particular relevance to professionalism:
CP33 - System of Governance
Since then, two more waves of consultation
Consultation Papers up to CP79
Chapter X: System of Governance
Article 42 of Directive
Insurance and reinsurance undertakings shall ensure that all persons who effectively run the undertaking or have other key functions at all times fulfil the following requirements:
(a) their professional qualifications, knowledge and experience are adequate to enable sound and prudent management (fit); and
(b) they are of good repute and integrity (proper).
Technical implementation standards might cover
ASSETSASSET LIABILITY MANAGEMENT
ACCOUNTING REPORTINGMULTISTANDARD RECONCILIATION
A new world for insurance actuaries : actuaries everywhere ?
Vision of Groupe Consultatif
Leading to practice-specific case studies
Sins of the past that may haunt usNon-Life Insurance