Technical standard to give “clear and reliable information”
The Financial Reporting Council’s (FRC) Board for Actuarial Standards (BAS) has published proposals for a technical actuarial standard (TAS) on insurance.
The issues covered by the paper include:
- the scope of actuarial work to which the standard should apply
- how best to present the variability inherent in actuarial work in a comprehensible and usable way
- how to promote the reliability and usefulness of actuarial methods in insurance
- whether a single TAS for insurance or separate TASs for general insurance and life insurance should be issued
Jim Sutcliffe, chairman of the BAS, said: “We have issued exposure drafts of our Generic Standards on data, modelling and reporting. The insurance consultation builds on the solid foundation being laid down by the Generic Standards and will help to ensure that governing bodies of insurers and others receive clear and reliable actuarial information to enable them to make informed decisions in relation to insurance.”
The consultation period ends on 20 November 2009.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
