86 Abstracts and Reviews
our society has been created which comprises, besides
the traditional mathematically oriented subjects,
insurance economics, insurance law, work experience
and an oral presentation.
Keywords: Education, Research and Development,Control.
073100 (E61)Nationaler Bericht - Schweiz. Zusammenspiel vonVersicheru ngsgesellscha ften, Un lv ersitaten,Schweizerischer Vereinigung der Versicherungsmathematiker (SVVM) und Aufsichtsbehdrden.Embrechts P., Gerber H.U., Gisler A., Kohler M.-T.,Liithy H., Streit P., Tobler H., Transactions ICABrussels. National Reports, 1995, pp. 165-180.
Swiss insurance regulators have never attempted to
dictate educational guidelines for actuaries . Yet in the
area of employee benefit pro grammer, the law stipulates
that certain control functions must be delegated to
legall y recognized pension fund experts. The Swiss
Association of Actuaries (SAA), a private institution, is
the organization that undertakes the requisite high-level
certification of such experts.Among other things, the Association provides an
interface between the theoretical training at Swiss
academic institutions and the practical demands of the
workplace . Representatives from insurance companies
and academic institutions thus traditionally make up the
majority of the SAA's committee. The report includesan outline of the educational offerings in actuarialscience at Swiss universities and colleges. ' It alsodescribes the training and ongoing education courses aswell as the actuarial seminars organized by the SAA.
New challenges such as stochastic interest rate models,derivative products, catastrophe modell ing, robust
credibility, and the Euro-actuary call for reexamination
of our research and training programs for actuaries. The
convergence of actuarial science and financ ial theory
will mark the future profile of the actuary. The SAA's
role is currently under review. In future , the Association
may quite possibly take on additional duties in
connection with the certification of actuaries, thus
providing stronger leadership.For private insurance institutions, whether active in the
life or non-life sector, there are no explicit legal regulations that define in which cases an actuary must assume
responsibility for actuarial matters. In view of anautonomous implementation of part of the EU 's thirdinsurance dire ctive, whose main focus is the elimination
of any form of preliminary rate approval and systematic
rate control by regulators, conditions in Switzerland
should move closer to those in Anglo-Saxon countries.
Namely, actuaries who work in insurance institutions
will be integrated into the control concept of the
supervisory authorities. Key qualification criteria are
also discussed in the report. Specifically, an actuary's
nationality should not playa role ; decisive is that non
Swiss candidates fulfil the same requirements regarding
character, specialized knowledge and professionalexperience as their Swiss colleagues.
Keywords: Education, Research and Development,Control.
073101 (E61)National Report United Kingdom. RecentDevelopments in United Kingdom.Garden R., Bateman T., Transactions lCA Brussels.National Reports, 1995, pp. 191-2/2.The aim of the Report is to set out the more significant
areas of change and growth in the UK Actuarial
Profession in the last few years.
The Report begins by considering the developments in
the area of Education for Actuaries both during trainingand post-qualification. It then continues with sections
considering each of the following areas of professional
activity in the UK :
Continuing Professional Development
Professional Affairs
Life AssurancePensionsGeneral Insurance
Wider FieldsInternational AffairsMortality and Sickness Statistics
Keywords: Education, Research and Development.Control.
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