Appointed Actuary - General Insurance

- More actuarial opinions can be required in more jurisdictions for loss reserves, unearned premium reserves and other estimated liabilities

- Provide risk management and governance in life with new solvency regulations

- Expand the role of risk assessment during mergers and acquisitions and other transactions

- Expand existing roles or develop new roles where the actuary works with auditors and performs the role of 'reviewing actuary'

Must have cleared 15 papers

Experience in General Insurance Required

Establishing estimates for unpaid claim liabilities, unearned premium and other estimated liabilities (technical reserves) and certifications

- Insurance product premium pricing

- Surrender value calculations

- Management of pooled savings products, such as with profits

- Reinsurance program design and management

- Underwriting policy definitions

- Life groups underwriting

- Solvency calculations and reports

- Internal modeling, including stochastic asset-liability modeling

- Strategic asset management and capital management

- Value management (embedded value)

- Corporate strategy and planning and control management, including mergers and acquisitions