First paragraph - Solvency II requires companies to have a Chief Actuary (a non-directive firm must have an AFH). Does that mean that only very small insurance companies or mutuals (not covered by SII) in the UK would have an AFH function instead of a Chief Actuary? The AFH would be a function only if a firm collects less than 5m Euros in gross premiums and less than 25m Euros in technical provisions? Since SII is a fairly new regulation, does that mean that a number of companies in the UK had to create new function - Chief Actuary in place of AFH?