Actuarial function

The Actuarial Function is responsible for coordinating the calculation of the technical provisions, assessing the adequacy of the methods, the models and the assumptions on which said calculation is based, and assessing the sufficiency of the quality of the data used. 

The Actuarial Function also provides advice on the global underwriting policy for risks and the adequacy of the reinsurance agreements, and contributes towards improving the effectiveness of the risk management system.

The Actuarial Function may also be requested to intervene when defining the strategic plan and for specific business requirements.