Appointed actuary eligibility requires fellowship, practice certification, relevant experience, independence, and direct regulatory reporting by IIOs. Appointment of an Appointed Actuary requires fellowship, a valid practising certificate, relevant post-fellowship insurance experience, and freedom from ... Summary
Referred In :
International Financial Services Centres Authority (Appointed Actuary) Regulations, 2022
Appointed actuary eligibility requires fellowship, practice certification, relevant experience, independence, and direct regulatory reporting by IIOs.
Appointment of an Appointed Actuary requires fellowship, a valid practising certificate, relevant post-fellowship insurance experience, and freedom from professional or financial misconduct and conflicts of interest. The Board must authorise direct reporting of legal or regulatory non-compliance. An unincorporated IIO may appoint the Parent Entity's appointed actuary under the applicable home-country framework. The IIO must notify the Authority of the appointment and changes, provide adequate resources and support, and ensure reporting to the relevant top executive.
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