While life insurers have historically been required to appoint a statutory actuary to fulfil some of the tasks expected of the Head of the Actuarial Function (HAF), this is a new requirement for short-term insurers. This brief breaks down the responsibilities of the HAF.

This update includes an update on IFRS 17 developments, how cyber risk is affecting insurers, various regulatory updates, as well considerations of the balance sheet and capital treatment of cryptocurrencies.