Function of Life Insurance Advisory Group - Actuarial Society of India

2. To be responsible for addressing issues in respect of insurance and pensionfund Solvency (e.g. Solvency II and related developments) that are referred to itor the Group considers appropriate to address and advise the President forappropriate action.Expected deliverablesSuccess indicators1. On matters referred to theGroup - Advice to be providedwithin timescales that areagreed on a case-to-casebasis.2. Take up matters pro-actively (inconsultation with the President,where required) based oninternational/indiandevelopments.For 1. Advice is acted upon bythe Institute.For 2. Presentation ofpapers/articles for widerdebate within the professionand with the regulator.For 2. Institute viewssubmitted to IAA/IFRS/similarorganizations6