Capital fungibility cannot be managed from the actuarial department alone. It requires clear decision rights at the executive level to authorize capital movements, approve fungibility exceptions, and hold entity-level management accountable for trapped-capital performance.
Exit-decision latency is rarely an analytical failure; it is a governance failure rooted in unclear decision rights, absent escalation paths, and the absence of a standing authority to act between planning cycles.
Controlling unchallenged expert adjustments requires clear decision rights defining who can adjust the technical price, under what limits, with what justification, and with what post-hoc performance test.