EMPLOYERS · FOR EMPLOYERS
Why you need an actuary
For insurance and reinsurance companies, pension funds, banks and large businesses, working with a qualified actuary is a tool for stability, compliance with regulatory requirements and protection against underestimated risks.
WHAT PROBLEMS AN ACTUARY SOLVES
PRICING
Sound pricing
Calculation of rates and terms of insurance products on data and models — reduces loss ratios.
RESERVES
Adequacy of reserves and capital
Valuation of liabilities and capital for long-term solvency.
ERM
Risk management
Identification, measurement and control of financial risks at the organisation level.
IFRS17
Financial and regulatory reporting
Actuarial calculations for reporting, including under IFRS 17, and engagement with the regulator.
PENSIONS
Pension obligations
Valuation of the long-term obligations of pension programmes and social benefits.
DATA
Analytics and modelling
Statistics, data science and AI in applied financial and insurance problems.
WHAT WORKING WITH A QUALIFIED ACTUARY DELIVERS
Trust of the regulator and the market
Opinions prepared in accordance with standards of practice.
Reduced risk of errors
An independent, methodologically sound assessment.
Compliance with requirements
Correct reporting and fulfilment of solvency requirements.
Professional responsibility
The actuary's conduct is governed by the Code of Professional Conduct.
BOUNDARIES OF THE CHAMBER'S ROLE
The QCA is not an employer and does not participate in the labour market. The Chamber does not allocate professionals or tie them to organisations — it provides qualification, standards and ethics. The hiring decision rests with the employer and the specialist.