1 / 4

Key characteristics of The Chief Actuary

October 2008 Rich Fein RIF Consulting, LLC. Key characteristics of The Chief Actuary. Key Characteristics of Chief Actuary. Clear line of sight to CEO/Audit Committee/Board Acceptance of and support for Authority over Actuarial Matters Credibility among Executive Management

Gabriel
Download Presentation

Key characteristics of The Chief Actuary

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. October 2008 Rich Fein RIF Consulting, LLC Key characteristics of The Chief Actuary

  2. Key Characteristics of Chief Actuary • Clear line of sight to CEO/Audit Committee/Board • Acceptance of and support for Authority over Actuarial Matters • Credibility among Executive Management • Experienced, qualified and communicative team with open 2-way communication at all levels • Assures team’s high level of active knowledge of firms businesses and operations RIF Consulting, LLC

  3. Key Characteristics of Chief Actuary • Identifies and shares risks and uncertainties of estimates with Executive Management • Has clear understanding of assumptions and bases for conclusions drawn by support team • Formalizes communications with key stakeholders: Senior Executive Management, Claims, Underwriting, Pricing, Reinsurance, Finance • Clear , well-documented presentation to management of support for methods, estimates and changes in methods and estimates RIF Consulting, LLC

  4. Key Characteristics of Chief Actuary • Assures stable and responsive methodologies, updated and supplemented by objective tests and special studies • Anticipates future areas requiring additional analyses/data • Assures a sound, high quality, relevant database to support methods • Assures clear professional and managerial direction to all staff • Assures controls and consistency of application of methods and assumptions across all teams RIF Consulting, LLC

More Related