The role of the actuary in the independent actuarial advice in Spain

The role of the actuary in the independent actuarial advice in Spain

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In Spain, the actuarial profession - actuary - is a regulated profession and has a reserve of activity and it’s a protected title. This legal regime is recognized by the European Union [see: http://ec.europa.eu/growth/tools-databases/regprof/index.cfm ]. In that framework, this paper is going to analyze the role of the actuary in the independent actuarial advice in Spain. There are three big areas (i) Insurance under Solvency II; (ii) Employee Benefits and Pension Schemes; (iii) Actuarial valuation on victims on traffic accidents. And the reason behind why those things has to be done by an independent actuary is always consumer protection.

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