GIRO Conference 2004 Morris Review and Other Challenges

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Presentation transcript:

GIRO Conference 2004 Morris Review and Other Challenges Michael Pomery 15 October 2004

Morris Review : Key Issues Actuarial roles, reserved roles Public interest, accountability Market for actuarial services Self regulation, governance

Morris Review : Key Issues Governance of the profession Setting standards Peer review Practising certificates Discipline Conflicts of Interest

Morris Review : Next Steps Analysis of responses Interim assessment (Nov/Dec?) Consultation meetings Final Report (Spring 2005)

The Future is Uncertain General Insurance CMI – Longevity Illustrations and projections : FIB taskforce

The Future is Uncertain Pricing and reserving Single set of assumptions “Certis ex incertis” Explaining uncertainty – the challenge

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