Article 48 1.

coordinate the calculation of technical provisions;

ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation of technical provisions;

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

compare best estimates against experience;

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

oversee the calculation of technical provisions in the cases set out in Article 82;

express an opinion on the overall underwriting policy;

express an opinion on the adequacy of reinsurance arrangements; and

contribute to the effective implementation of the risk-management system referred to in Article 44, in particular with respect to the risk modelling underlying the calculation of the capital requirements set out in Chapter VI, Sections 4 and 5, and to the assessment referred to in Article 45.