In August 2017 the NAIC, in collaboration with a consultant, began a Job Analysis Project to revise requirements for the Property/Casualty (P/C) Statement of Actuarial Opinion (instructions) using an evidence-based definition of a "Qualified Actuary." The resulting proposed instructions incorporate an expanded definition of "Qualified Actuary" based largely on the results of the Job Analysis Project, with the addition of professionalism requirements.
The instructions with definition were exposed for a 45-day comment period ending Feb. 12. The comments are posted here, along with two memorandums addressing the instructions and proposed next steps.
Aaron Brandenburg, CPCU
Economist & Statistical Information Manager
Data Analyst II
Director - Data Coordination & Statistical Analysis
Eric King, FSA, MAAA
Jennifer Gardner, CPCU
Data Coordination and Statistical Analysis Manager
Kris DeFrain, FCAS, MAAA, CPCU
Director, Research & Actuarial Department
Data Analyst II
The NAIC's Research & Actuarial Department is committed to providing insurance regulators, consumers, academics, industry and government entities and other interested persons with insurance statistical, actuarial, financial and market conduct information for both economic analysis and rgulatory monitoring of the insurance marketplace. Additionally, Department members assist the Center for Insurance Policy & Research (CIPR) with its mission to serve federal and state lawmakers, federal and state regulatory agencies, international regulatory agencies, and insurance consumers, by enhancing intergovernmental cooperation and awareness, improving consumer protection and promoting legitimate marketplace competition.