Duties & Responsibilities

DUTIES AND RESPONSIBILITIESi.To conduct financial analysis and monitor margin of solvency;

ii.To carry out risk assessment;

iii.To carry out statistics and actuarial analysis; 

iv.To appraise the Audited Annual Financial Statements and periodic returns of insurance Companies and Brokers;

v.To prepare various statistical data and reports;

vi.To monitor solvency and financial condition of domestic insurers;

vii.To review product-related Actuarial Certifications for compliance with prescribe laws and regulations;

viii.To evaluate reasonableness of premiums for insurance plans;

ix.To advice on the impact to the public and others on acquisitions, demutualization’s, and mergers;

x.To manage rehabilitation or liquidation process for troubled insurance companies and;

xi.To perform any other duties as assigned by the Supervisor. 

Qualifications

Holder of Master’s and Bachelor Degree in one of following fields: - Actuarial Science, Statistics or any other related equivalent qualifications from recognized institution.

Remuneration

TIRAS 11