1.

Insurance and reinsurance undertakings shall provide for an effective actuarial function to: 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.

← Article 48 · All articles · art_48__para_1__text_1 →

Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.