Groupe Consultatif Actuariel Europeen

Investment and Financial Risk Committee

Terms of Reference

Members

Christoph Krischanitz	Aktuarvereinigung Osterreichs
Eric Daout	Association Royale des Actuaires Belges-Koninklijke Vereniging van Belgische Aktuarissen
Plamen Hinkov	Bulgarian Actuarial Society
Steven Jones	Channel Islands Actuarial Society
Andreja Radic	Hvratsko Aktuarsko Društvo
Demetris Koulas	Cyprus Association of Actuaries
Vladimir Krejci	Česká Společnost Aktuárů
Per Linneman	Den Danske Aktuarforening
Karin Kukk	Eesti Aktuaaride Liit
Antero Ranne	Suomen Aktuaariyhdistys
François Bonnin	Institut des Actuaires Français
Armin Holzmüller	Deutsche Aktuarvereinigung
Niki Agoglossaki	Hellenic Actuarial Society
Jozsef Szabo	Magyar Aktuárius Táraság
Evelyn Ryder	Society of Actuaries in Ireland
Paolo De Angelis	Istituto Italiano degli Attuari
Antonella Chiricosta	Consiglio Nazionale degli Attuari
Elina Tilta	Latvijas Aaktuãru Asociãcija
Rokas Gylys	Lietuvos Aktuarijų Draugija
Thierry Flamand	Association Luxembourgeoise des Actuaires
Falco Valkenburg (Chairman)	Het Actuarieel Genootschap
Simon Cureton	Het Actuarieel Genootschap
Franciska Perger	Den Norske Aktuarforening
Tomasz Krylowicz	Polskie Stowarzyszenie Aktuariuszy
Patricia Alexandra Ferreira	Instituto dos Actuarios Portugueses
to be confirmed	Slovenská spoločnost' aktuárov
Liljan Belsak	Slovensko Aktuarsko drustvo
Félix Sáez de Jáuregui	Instituto de Actuarios Españoles
Josep Ll. Alvarez	Col.legi d’Actuaris de Catalunya
Artur Chmielewski	Svenska Aktuarieföreningen
Petra Wildemann	Association Suisse des Actuaires
Ken Forman	Faculty of Actuaries
Malcolm Kemp	Institute of Actuaries
Karel Goossens (Chairman, Insurance Committee)	Association Royale des Actuaires Belges-Koninklijke Vereniging van Belgische Aktuarissen
Philip Shier (Chairman, Pensions Committee)	Society of Actuaries in Ireland

Terms of Reference

The Committee will consider, from the point of view of the actuarial profession, matters relating to investment and financial risk in the European Union, report to the Groupe Consultatif and make proposals on action required:

In particular the Committee will:

present through the Groupe Consultatif the views of the actuarial profession in the EU on matters of concern to the profession in the fields of Investment and Financial Risk to the EU Institutions, particularly the European Commission and the European Parliament and, where appropriate, to other organizations;
where appropriate, collaborate with other technical Committees of the Groupe Consultatif (Insurance and Pensions) in considering issues of joint concern, to ensure a co-ordinated approach in particular when making submissions to the Commission and other external organizations;
develop position papers on investment and financial risk issues for submission to the European Commission and other interested organizations, including in particular the Committee of European Securities Regulators (CESR) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS);
promote and encourage the development of actuarial skills in investment and financial risk within the actuarial profession in Europe, having regard to the Groupe Consultatif's Core Syllabus for Actuarial Training in Europe, and make recommendations, wherever appropriate, to the Groupe's Education Committee on subjects related to investment and financial risk;
proactively identify new opportunities and relevant areas of interest;
maintain contact with the appropriate Committee(s) of the International Actuarial Association and develop and maintain contact with AFIR (the Financial Risk Section of the International Actuarial Association).

October 2006