Terms of Reference - Education Committee

1. To keep under review existing arrangements for the education and training of actuaries in the member states of the EU and other EEA countries and Switzerland. To collect information to facilitate a better understanding of the scope and standard of training of those considered to be full members of the various national associations and the way (or ways) in which that training is carried out.
   
   
2. To monitor and report to the Groupe on the implementation by member associations of the recommended structure and core syllabus for the training of the EU actuary as approved by the Groupe.
   
   
3. To create a platform for an exchange of information between the member associations and for them to support each other in the implementation of the core syllabus and development of education programmes, including CPD.
   
   
4. To liaise with the International Actuarial Association (IAA) to achieve an international agreement on structure and core syllabus likely to be acceptable to member associations of the Groupe.
   
   
5. To enter into discussions with the European Commission to discover what initiatives might be available at EU level, and to assist national associations, universities and institutions of higher education in order to develop and promote a truly European education programme for the actuarial profession.
   
   
6. To oversee the Summer School and Colloquium programmes.
   
   
7. To review regularly the Core Syllabus and ensure it is kept up to date.
   
   
8. To review regularly the Continuing Professional Development (CPD) strategy and ensure it is kept up to date.
   
   

October 2007

Terms of Reference - Freedoms and Professionalism Committee

The role of the Committee is:

1. To keep under review, insofar as they affect the profession of actuary, the Freedoms established under the Treaty of Rome of movement, establishment, and provision of services.
   
   
2. To consider all other issues not specifically reserved to other Committees of the Groupe, or referred to in the terms of reference for Officers and Secretariat, and to make recommendations thereon to the Groupe Consultatif at its General Assembly or at any extraordinary meeting that may be called, or by correspondence.
   
   
3. To take such interim decisions it considers necessary, subject to ratification by the Groupe.
   
   

In particular, the Committee will:

1. Have regard to the rights established under the Treaty of Rome:
   • to move freely between Member States in order to take up and pursue a contract of employment;
   • of freedom of establishment, in order to take up and pursue the activities of self-employed persons in the Member States;
   • of freedom to provide services (including professional activities) in the Member States;
   and to consider and make submissions on EU legislation relating thereto, insofar as it affects the profession of actuary.
   
   
2. Consider issues relating to the professionalism of actuaries in Europe and make recommendations to the Groupe Consultatif as appropriate.
   
   
3. Keep under review the strategy, the Statutes and the general operation and structure of the Groupe and its Committees.
   
   
4. Keep under review the Agreements and principal documents of the Groupe, including the Code of Conduct and the Agreement on the Mutual Recognition of Qualifications.
   
   
5. Keep under review the publications of the Groupe Consultatif.
   
   

October 2007

Terms of Reference - Insurance Committee

The Committee will consider, from the point of view of the actuarial profession, all matters relating to insurance and reinsurance, both life and non-life, and health insurance in the European Union, report to the Groupe Consultatif and make proposals on action required.

In particular the Committee will:

1. 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 insurance, reinsurance and health insurance to the EU Institutions, particularly the European Commission and the European Parliament, and, where appropriate, to other organizations;
   
   
2. where appropriate, co-operate with other Committees of the Groupe Consultatif, particularly the Pensions, and Investment and Financial Risk Committees, in considering issues of joint concern, to ensure a co-ordinated approach in making submissions to the Commission and other organizations;
   
   
3. have 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 relating to life and non-life insurance and to health insurance;
   
   
4. maintain contact with the appropriate Committee(s) of the International Actuarial Association;
   
   
5. organize annual meetings with representatives of the Insurance Supervisory Authorities.
   
   

October 2000

Terms of Reference - Investment and Financial Risk Committee

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:

1. 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;
   
   
2. 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;
   
   
3. 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);
   
   
4. 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;
   
   
5. proactively identify new opportunities and relevant areas of interest;
   
   
6. 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

Terms of Reference - Pensions Committee

The Committee will consider, from the point of view of the actuarial profession, all matters relating to pensions in the European Union, report to the Groupe Consultatif and make proposals on action required.

In particular the Committee will:

1. present through the Groupe Consultatif the views of the actuarial profession in the EU on matters of concern to the profession in the pensions field to the EU Institutions, particularly the European Commission and the European Parliament, and, where appropriate, to other organisations;
   
   
2. where appropriate, co-operate with other Committees of the Groupe Consultatif particularly the Insurance, and Investment and Financial Risk Committees, in considering issues of joint concern, to ensure a co-ordinated approach in making submissions to the Commission and other organisations;
   
   
3. have 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 relating to pensions;
   
   
4. maintain contact with the appropriate Committee(s) of the International Actuarial Association;
   
   
5. organize annual meetings with representatives of the Pensions Supervisory Authorities.
   
   

October 2000