Responsible actuaries
A key role for more clarity
The Responsible Actuaries working group is dedicated to supporting and interpreting complex legal requirements. It ensures a better understanding and clear orientation in this essential insurance function.
WHAT IS THE RESPONSIBLE ACTUARIES WORKING GROUP?
Function with responsibility
The Responsible Actuaries (RA) working group deals with the interpretation and clarification of the legal requirements placed on this central role within insurance companies. It supports the SAA in uniformly understanding and implementing the tasks and responsibilities of the VA, particularly with regard to legal regulations such as the AVO, VAG or FINMA circulars.
WHY DO WE NEED A WORKING GROUP OF RESPONSIBLE ACTUARIES?
Implementing rules in practice
Legal requirements can often be unclear or difficult to understand for practitioners. The working group helps to interpret these regulations and develop practical guidelines for the role of the RA. It ensures that the function is carried out in accordance with the requirements.
HOW DO I BECOME A RESPONSIBLE ACTUARY?
Qualifications and experience
Qualifications as an actuary, a good reputation and experience in the insurance industry are required to become a VA. FINMA assesses the proposed candidates by evaluating their CVs and conducting personal interviews if necessary. The role may only be exercised after approval.
Where can I find further information? FINMA provides comprehensive information on the legal basis and relevant circulars.
Where can I find further information? FINMA provides comprehensive information on the legal basis and relevant circulars.
Team Responsible actuaries
Klemens Binswanger
