The roles of the indep. actuary in the assessment of personal damages caused by traffic accident

The roles of the indep. actuary in the assessment of personal damages caused by traffic accident

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A new regulation of the system for assessment of damages caused to persons in traffic accidents was approved in Spain in 2015. It is Ley 35/2015, which started in force the first of January of 2016. Within this new legal framework for valuation of damages caused to persons in traffic accidents, the actuarial profession, which is a regulated profession in Spain, has relevant roles in this area, both participating in the legislative process and making advisory and reporting professional opinion in a number of -legally defined- cases. This presentation focuses on explaining the roles the actuarial profession plays in both ways, paying special attention on the elements of the legal system for assessment of damages caused to persons in traffic accidents which need actuarial work.

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