The Actuary Flashcards
1
Q
Responsibilities of an actuary
A
Take personal responsibility for their own decisions
Act with integrity and detachment from their personal circumstances and avoid conflicts of interest.
Develop a direct, personal, and trusting relationship with the client.
Recognise that the views of others, including other actuaries, may differ from their own and that the other views may be valid.
Achieve, maintain and demonstrate competence in specialised skill and its application
Be mindful of conflict of interest
2
Q
What do actuarial bodies issue professional guidance on?
A
Pricing
Policy conditions
Reporting for published accounts
