General Insurance Committee

Purpose

  • Provide a forum for discussion of Society members’ concerns and ideas relating to general insurance.
  • Comment on issues relating to general insurance.
  • Foster good relations with regulators of general insurance companies.

 

Scope

  • Review and update professional standards and guidance notes for actuaries practising in general insurance in New Zealand.
  • Advise on adherence to relevant professional standards and guidance notes when requested.
  • To be responsible to Council for (a), the strategic direction of the profession’s activities in the general insurance area, and (b), supporting those activities.
  • To identify and promote opportunities for actuarial involvement in the general insurance area; to support and encourage the growth of actuarial involvement in general insurance.
  • To represent the views of the Society in general insurance on legislation and related matters such as statutory returns, accounting principles, risk, regulation and current issues as they arise.
  • To communicate and consult with members of the NZSA practicing in the general insurance area and the Council on matters relating to general insurance.
  • To identify, in conjunction with the Education Committee, the education needs of students and actuaries working in the general insurance area, including organising and/or actively promoting CPD opportunities in this area.
  • To encourage research in areas relating to actuarial involvement in general insurance.
  • Liaise with other committees to encourage and promote CPD opportunities.

Liaise with committees of overseas actuarial bodies as necessary.

NZ Actuaries