+Article 27 1.

Article 27 1.

Where an IORP itself provides cover against biometric risks or guarantees either an investment performance or a given level of benefits, Member States shall require that IORP to provide for an effective actuarial function to:

(a) 

coordinate and oversee the calculation of technical provisions;

(b) 

assess the appropriateness of the methodologies and underlying models used in the calculation of technical provisions and the assumptions made for this purpose;

(c) 

assess the sufficiency and quality of the data used in the calculation of technical provisions;

(d) 

compare the assumptions underlying the calculation of the technical provisions with the experience;

(e) 

inform the administrative, management or supervisory body of the IORP of the reliability and adequacy of the calculation of technical provisions;

(f) 

express an opinion on the overall underwriting policy in the event of the IORP having such a policy;

(g) 

express an opinion on the adequacy of insurance arrangements in the event of the IORP having such arrangements; and

(h) 

contribute to the effective implementation of the risk management system.

1. Vue d’ensemble

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1.1 Références

1.2 Exigences identifiées

1.3 Normes associées

2. Exigences identifiées

Exigences

3. Normes associées

Normes