The actuarial risk is the risk that payments cannot be funded from the contribution income and investment results as a result of incorrect or incomplete assumptions at the time the contribution is set.
PNO Media controls this risk by:
- Maintaining a general reserve.
- Using up-to-date death ratio tables with adequate age adjustments to it.
- Using prudent assumptions with regard to investment returns and inflation.
- Obtaining the advice of the advising actuary and the Investment Advisory Committee when making assumptions and the assessment thereof.
- Assessing the differences between the actual results and the assumptions made in advance, partly on the basis of an analysis by the advising actuary.
The actuarial risk is the risk that payments cannot be funded from the contribution income and investment results as a result of incorrect or incomplete assumptions at the time the contribution is set.
PNO Media controls this risk by:
- Maintaining a general reserve.
- Using up-to-date death ratio tables with adequate age adjustments to it.
- Using prudent assumptions with regard to investment returns and inflation.
- Obtaining the advice of the advising actuary and the Investment Advisory Committee when making assumptions and the assessment thereof.
- Assessing the differences between the actual results and the assumptions made in advance, partly on the basis of an analysis by the advising actuary.