The Solvency of Life Assurance Companies

Abstract

1.1.1. In October 1980 the Council of the Faculty of Actuaries set up a Working Party with the following brief:— (1) To investigate the criteria by which the solvency of life assurance companies should be assessed and to determine the amount of the solvency margin which should be required in practice by supervisory authorities. The existing requirements of the E.E.C. Life Establishment Directive should be considered with a view to recommending any desirable alterations thereto to be made when those requirements are reviewed in due course by the E.E.C. Commission. In carrying out its work the Working Party should co-operate with Working Parties or Committees of other actuarial bodies. (2) To report the result of their investigations to Council.