General Insurance
The Purpose of the General Insurance Committee is:
- To promote the actuarial viewpoint in discussions at the international level on matters relating to general (P&C) insurance* systems, and related self-insurance matters, with a particular focus on actuarial aspects.
- To promote the actuarial viewpoint in discussions at the international level on matters related to the identification, measurement, and management of property, third party liability, and other similar risk exposures.**
- To provide and/or facilitate GI/P&C actuarial input and perspective to endeavors of other IAA committees, as appropriate.
- To increase the involvement and raise the profile of GI/P&C actuaries in policy debates and research on general (P&C) insurance systems; related self-insurance systems; and a broad range of issues related to the identification, measurement, and management of property, third party liability, and other similar risk exposures.
- To support, through IAA Member Associations, actuaries working in general (P&C) insurance systems and related self-insurance fields, both private and public.
- To support the development and promotion of GI/P&C actuarial capabilities.
*Note: This document uses the label “general (P&C) insurance” or “GI/P&C”. In various regions of the world, “general insurance” is known as “non-life” insurance, or “property/casualty (P/C)” insurance, or "short-term" insurance.
**Note: Collectively referenced as “general insurance, self-insurance, and risk management” in these terms of reference.