Actuarial independence and managerial discretion

• Main Authors: Kamiya, Shinichi, Milidonis, Andreas
• Other Authors: College of Business (Nanyang Business School)
• Format: Article
• Language: English
• Published: 2020
• Subjects: Business::Management; Actuarial Independence; Managerial Discretion
• Online Access: https://hdl.handle.net/10356/139561
• Institution: Nanyang Technological University

Appointed actuaries are responsible for estimating the largest liability on property–casualty insurance companies’ balance sheet. Actuarial independence is crucial in safeguarding accurate estimates, where this independence is self-regulated by actuarial professional institutions. However, professio...