Moving the Profession Forward Internationally

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Committees

Actuarial Standards

The purpose of the ASC is to develop and maintain all International Standards of Actuarial Practice (ISAPs). This goal is to be achieved on the basis of the Vision Statement for International Standards of Actuarial Practice and Due Process, and the Statement of Objectives for International Standards of Actuarial Practice, both adopted by Council. ISAPs should be broadly acceptable to the IAA member associations.

 

 

 

 

A profession without practice standards risks having them forced on it by somebody else.” Dave Pelletier, ASC Chair (2011 to 2014)

Sound practice standards are the foundation of a profession.” Alf Gohdes, ASC Chair (2015 to 2017)

 

ASC Dashboard

Overview of ISAP Production by the ASC (October 2017)

 

Task Forces

  1. ISAP 1 (General Actuarial Practice) Review Task Force
  2. ISAP 4 (Insurance Accounting) Task Force
  3. ISAP 6 (ERM Programs & ICPs) Task Force
  4. ISAP 7 (IAIS) Task Force

Disbanded (below)

  1. ISAP 1 (General Actuarial Practice) Task Force - Disbanded on 19 December 2012
  2. ISAP X (Common IFRS) Task Force - Disbanded on 19 December 2012
  3. ISAP 2 (Financial Analysis of Social Security Programs)Task Force - Disbanded on 12 November 2013
  4. ISAP 3 (IAS 19 Employee Benefits) Task Force - Disbanded on 29 June 2015
  5. ISAP 1A (Governance of Models) Task Force - Disbanded on 7 October 2017
  6. ISAP 5 (Insurer Enterprise Risk Models) Task Force - Disbanded on 7 October 2017