Actuarial
- Chairman and Members of Authority
- Profile of Top Management
- Appointment Notification of Members
- Regulations
- Minutes of Authority Meetings
Function of department or division
- IRDAI Accounts
- Actuarial
- Administration
- Agency Distribution
- Communication
- Board Secretariat
- Enforcement
- Finance and Accounts
- Health
- HR
- Information Technology
- Supervision
- Insurance Marketing Firm
- Intermediaries
- Investment
- Legal
- Life
- Non-Life
- Policyholders Protection and Grievance Redressal
- Re-insurance
- Insurance Inclusion and Development
- Surveyors
- Vigilance
- Mission Statement
- Duties and Responsibilities
- Composition of Authority
- Organogram
- Directory of employees
- Address for communication
- List of Holidays
- Careers
- Rosters
- Organisational Matters
- Vigilance
-
Function of department or division
- IRDAI Accounts
- Actuarial
- Administration
- Agency Distribution
- Communication
- Board Secretariat
- Enforcement
- Finance and Accounts
- Health
- HR
- Information Technology
- Supervision
- Insurance Marketing Firm
- Intermediaries
- Investment
- Legal
- Life
- Non-Life
- Policyholders Protection and Grievance Redressal
- Re-insurance
- Insurance Inclusion and Development
- Surveyors
- Vigilance
- Former Chairmen/Members
Functions and Responsibilities of Actuarial Department
The following are main functions and responsibilies of Actuarial Department:
- Formulation and amendment of regulations/legislations pertaining to Actuarial matters.
- To coordinate with Institute of Actuaries of India in bringing out Guidance Notes to be issued in concurrence with the Authority to enable suitable and necessary practices to evolve.
- Examining with reference to various actuarial related aspects such as Capital Adequacy & Validity of Assumptions for facilitating Registration of all Insurance Companies.
- Approval of Appointment of Appointed Actuary and related information.
- Product Filing & Approval Process involving design acceptability, assumptions and pricing validation, financial viability, reinsurance arrangement.
- Allotment of UIN for all life insurance product and uploading the product list in the web portal.
- Examining of the following reports submitted by the insurance companies:
- Analysis of Actuarial Report and Abstract of life insurance companies.
- Analysis of Appointed Actuary Annual Report of life insurance companies.
- Analysis of Economic Capital Reports of all insurance companies
- Analysis of Asset Liability Management (ALM) policy of all insurance companies.
- Analyse the IBNR report all non-life and standalone health insurance companies.
- Solvency Margin of all Insurers on Quarterly/Annual basis.