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The Society of Actuaries Provides Comments to NAIC on Qualified Actuary Draft Definition

In 2017, the National Association of Insurance Commissioners (NAIC) began a Job Analysis Project to produce an evidence-based definition of a property-casualty (general insurance) “Qualified Actuary” for purposes of being an Appointed Actuary. Appointed Actuaries issue property-casualty insurance companies’ Statements of Actuarial Opinion. According to the NAIC, the revised definition will be useful when evaluating qualifications of actuaries and the educational programs of U.S. actuarial organizations.

The Society of Actuaries (SOA) has provided comments on the draft definition.