International Standards of Actuarial Practice

International Standards of Actuarial Practice (ISAPs)

The IAA develops International Standards of Actuarial Practice (ISAPs) which are model standards of practice. The IAA encourages its member associations to have in place standards of practice that are substantially consistent with these standards. ISAPs are model standards of actuarial practice and, as such, are not binding on any actuary.

Current Consultations

Second Exposure Draft for ISAP 4 – IFRS 17 Insurance Contracts (Consultation period 28 February 2019 to 30 April 2019)

Recently Concluded Consultations (closed during the last 3 months)

None at this time

Approved ISAPs

ISAP 1A – Governance of Models – 21 November 2016; repealed and merged into ISAP 1 on 1 December 2018

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» Translations (n/a)

ISAP 5 – Insurer Enterprise Risk Models –1 December 2018

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» Previous Versions      » Translations (n/a)

ISAP 6 – Enterprise Risk Management Programs and IAIS Insurance Core Principles–1 December 2018

Download: Adobe PDF  MSWord

» Translations (n/a)

Glossary – 1 December 2018

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» Translations (unofficial)

In the unlikely event of any discrepancies between the pdf version and the MSWord version of the ISAPs or the glossary, the pdf version will prevail.

Development History

ISAPs currently under development
Completed ISAPs