AN ACUTE shortage of qualified actuarial professionals could affect the implementation of a risk-based capital model for insurance companies as set out under the Financial Sector Masterplan.
The risk-based model that determines an insurer’s minimum capital adequacy ratio based on its risk profile would require the expertise of either an in-house or external consultant actuary, both of which are in short supply locally, said Actuarial Society of Malaysia (ASM) president Teh Loo Hai.
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