# Actuarial Governance

*/Departments/Actuarial_Governance*

## Neighborhood

### Parent

- [Reinsurance Company](/CompanyTypes/Reinsurance_Company) — parent · CompanyTypes

### Siblings

- [Actuarial](/Departments/Actuarial) — siblings · Departments
- [Actuarial Department](/Departments/Actuarial_Department) — siblings · Departments
- [Ceded Reinsurance](/Departments/Ceded_Reinsurance) — siblings · Departments

### Related (delivered by)

- [Manage reserving controls, policies and procedures](/Processes/Manage_reserving_controls,_policies_and_procedures) — delivered by · Processes

### Processes it runs

- [Audit Committee Reporting](/Processes/Audit_Committee_Reporting) — runs · Processes
- [Run Actuarial Peer Review](/Processes/Run_Actuarial_Peer_Review) — runs · Processes
- [Monitor Compliance with Actuarial Standards of Practice](/Processes/Monitor_Compliance_with_Actuarial_Standards_of_Practice) — runs · Processes
- [Maintain the Actuarial Model Inventory](/Processes/Maintain_the_Actuarial_Model_Inventory) — runs · Processes
- [Govern Actuarial Model Changes](/Processes/Govern_Actuarial_Model_Changes) — runs · Processes
- [Approve and Document Assumption Changes](/Processes/Approve_and_Document_Assumption_Changes) — runs · Processes
- [Document Methodology Standards](/Processes/Document_Methodology_Standards) — runs · Processes
- [Maintain the Actuarial Control Cycle](/Processes/Maintain_the_Actuarial_Control_Cycle) — runs · Processes
- [Review Reserve Assumptions](/Processes/Review_Reserve_Assumptions) — runs · Processes
- [Validate Actuarial Models Independently](/Processes/Validate_Actuarial_Models_Independently) — runs · Processes

### Measured by

- [Peer Review Cycle Time](/Metrics/Peer_Review_Cycle_Time) — measured by · Metrics
- [Assumption Review Completion Rate](/Metrics/Assumption_Review_Completion_Rate) — measured by · Metrics
- [Open Model Governance Finding Count](/Metrics/Open_Model_Governance_Finding_Count) — measured by · Metrics
- [Control Cycle Compliance Rate](/Metrics/Control_Cycle_Compliance_Rate) — measured by · Metrics
- [Assumption Review Cycle Time](/Metrics/Assumption_Review_Cycle_Time) — measured by · Metrics
- [Open Validation Finding Count](/Metrics/Open_Validation_Finding_Count) — measured by · Metrics
- [Model Validation Coverage](/Metrics/Model_Validation_Coverage) — measured by · Metrics

### Staff

- [Actuarial Standards Reviewer](/JobTypes/Actuarial_Standards_Reviewer) — staff · JobTypes
- [Model Risk Analyst](/JobTypes/Model_Risk_Analyst) — staff · JobTypes
- [Appointed Actuary](/JobTypes/Appointed_Actuary) — staff · JobTypes
- [Chief Actuary](/JobTypes/Chief_Actuary) — staff · JobTypes
- [Actuarial Risk Officer](/JobTypes/Actuarial_Risk_Officer) — staff · JobTypes
- [Independent Review Actuary](/JobTypes/Independent_Review_Actuary) — staff · JobTypes
- [Model Validation Actuary](/JobTypes/Model_Validation_Actuary) — staff · JobTypes
- [Actuarial Governance Lead](/JobTypes/Actuarial_Governance_Lead) — staff · JobTypes

### Problems this exposes

- [count's independence compromised when validators report into the same chief actuary whose work they review](/Problems/count's_independence_compromised_when_validators_report_into_the_same_chief_actuary_whose_work_they_review) — exposes problem · Problems
- [finding count not tracked to remediation closure before the model is used in the filing](/Problems/finding_count_not_tracked_to_remediation_closure_before_the_model_is_used_in_the_filing) — exposes problem · Problems
- [coverage counts models validated without risk-tiering, so effort isn't proportionate to model risk](/Problems/coverage_counts_models_validated_without_risk-tiering,_so_effort_isn't_proportionate_to_model_risk) — exposes problem · Problems
- [coverage reads complete with no automatic re-validation trigger when a validated model later changes](/Problems/coverage_reads_complete_with_no_automatic_re-validation_trigger_when_a_validated_model_later_changes) — exposes problem · Problems
- [rate measured against methodology standards that drift from the methods modeling teams actually run](/Problems/rate_measured_against_methodology_standards_that_drift_from_the_methods_modeling_teams_actually_run) — exposes problem · Problems
- [compliance rate stays high while control-cycle exceptions and overrides escalate with no documented disposition](/Problems/compliance_rate_stays_high_while_control-cycle_exceptions_and_overrides_escalate_with_no_documented_disposition) — exposes problem · Problems
- [review cycle-time tracked across disconnected artifacts, so governance can't see which valuation steps are overdue](/Problems/review_cycle-time_tracked_across_disconnected_artifacts,_so_governance_can't_see_which_valuation_steps_are_overdue) — exposes problem · Problems
- [experience-study results not systematically fed into assumption updates, so the review clock churns without convergence](/Problems/experience-study_results_not_systematically_fed_into_assumption_updates,_so_the_review_clock_churns_without_convergence) — exposes problem · Problems
- [no automatic re-validation trigger when a previously validated model is changed](/Problems/no_automatic_re-validation_trigger_when_a_previously_validated_model_is_changed) — exposes problem · Problems
- [validation findings not tracked to remediation closure before the model is used](/Problems/validation_findings_not_tracked_to_remediation_closure_before_the_model_is_used) — exposes problem · Problems
- [reserve movement not attributed to which assumption change drove it](/Problems/reserve_movement_not_attributed_to_which_assumption_change_drove_it) — exposes problem · Problems
- [interacting assumptions (lapse, mortality, discount) not checked for mutual consistency](/Problems/interacting_assumptions_(lapse,_mortality,_discount)_not_checked_for_mutual_consistency) — exposes problem · Problems
- [prior Audit & Risk Committee actions not tracked to closure between meetings](/Problems/prior_Audit_&_Risk_Committee_actions_not_tracked_to_closure_between_meetings) — exposes problem · Problems
- [committee papers and the regulatory filing tell inconsistent reserve stories](/Problems/committee_papers_and_the_regulatory_filing_tell_inconsistent_reserve_stories) — exposes problem · Problems
- [control-cycle exceptions and overrides not escalated with a documented disposition](/Problems/control-cycle_exceptions_and_overrides_not_escalated_with_a_documented_disposition) — exposes problem · Problems
- [methodology standards not re-validated against ASOP and regulatory updates on a schedule](/Problems/methodology_standards_not_re-validated_against_ASOP_and_regulatory_updates_on_a_schedule) — exposes problem · Problems
- [methodology-standards documents drift from the methods modeling teams actually run, with no conformance check back to the standard](/Problems/methodology-standards_documents_drift_from_the_methods_modeling_teams_actually_run,_with_no_conformance_check_back_to_the_standard) — exposes problem · Problems
- [model and reserve risk re-aggregated by hand into Audit & Risk Committee papers each quarter, losing the technical caveats](/Problems/model_and_reserve_risk_re-aggregated_by_hand_into_Audit_&_Risk_Committee_papers_each_quarter,_losing_the_technical_caveats) — exposes problem · Problems
- [validation independence compromised when model validators report into the same chief actuary whose work they review](/Problems/validation_independence_compromised_when_model_validators_report_into_the_same_chief_actuary_whose_work_they_review) — exposes problem · Problems
- [control-cycle stages tracked in disconnected artifacts, so governance can't see which valuation-cycle steps are overdue](/Problems/control-cycle_stages_tracked_in_disconnected_artifacts,_so_governance_can't_see_which_valuation-cycle_steps_are_overdue) — exposes problem · Problems
- [reserve model versions proliferate with no single validated source](/Problems/reserve_model_versions_proliferate_with_no_single_validated_source) — exposes problem · Problems
- [regulatory actuarial filings assembled manually under deadline](/Problems/regulatory_actuarial_filings_assembled_manually_under_deadline) — exposes problem · Problems
- [peer review of pricing models is inconsistent and undocumented](/Problems/peer_review_of_pricing_models_is_inconsistent_and_undocumented) — exposes problem · Problems
- [model risk tiering doesn't drive proportionate validation effort](/Problems/model_risk_tiering_doesn't_drive_proportionate_validation_effort) — exposes problem · Problems
- [model assumption changes lack a documented sign-off trail](/Problems/model_assumption_changes_lack_a_documented_sign-off_trail) — exposes problem · Problems
- [ASOP and regulatory compliance attestations chased across modeling teams](/Problems/ASOP_and_regulatory_compliance_attestations_chased_across_modeling_teams) — exposes problem · Problems
- [model assumptions and their sign-off trail tracked outside the actuarial model itself](/Problems/model_assumptions_and_their_sign-off_trail_tracked_outside_the_actuarial_model_itself) — exposes problem · Problems
- [experience-study results not systematically fed back into assumption updates](/Problems/experience-study_results_not_systematically_fed_back_into_assumption_updates) — exposes problem · Problems
- [model-change controls and version lineage not auditable for the appointed actuary](/Problems/model-change_controls_and_version_lineage_not_auditable_for_the_appointed_actuary) — exposes problem · Problems
- [reserve-adequacy peer review reconstructed manually each valuation cycle](/Problems/reserve-adequacy_peer_review_reconstructed_manually_each_valuation_cycle) — exposes problem · Problems
- [Model Validation Memo Backlog](/Problems/Model_Validation_Memo_Backlog) — exposes problem · Problems

### Part of

- [Insurance Carrier](/CompanyTypes/Insurance_Carrier) — part of · CompanyTypes