IAA Webinar on ISAP 1A and ISAP 5
In November 2016, The Council of the International Actuarial Association (IAA) adopted two new Model International Standards of Actuarial Practice (ISAPs):
- International Standard of Actuarial Practice 1A (ISAP 1A- Governance of Models); and
- International Standard of Actuarial Practice 5 (ISAP 5 – Insurer Enterprise Risk Models).
Like their predecessors, both ISAPs are model standards intended for adoption by actuarial standard-setting bodies, as appropriate.
The Actuarial Standards Committee (ASC) of the IAA will host a webinar on Thursday, 2 March 2017 at 11:00 GMT and 21:00 GMT to present the key aspects of these two ISAPs to IAA Member Associations and other interested parties.
Considering the wide geographic spread of the member associations, the webinar is offered at two different times during the day to maximise participation. The IAA invites its Member Associations and other interested parties to join this webinar to get a better understanding of these ISAPs and to raise any questions they may have.
Godfrey Perrott (ISAP 1A) and Al Beer (ISAP 5) will make presentations on what the ISAPs cover and why, and will then be available for questions.
You may send any questions in advance by e-mail to email@example.com.
This activity directly supports the IAA’s strategic objective 3 to promote the development and issuance actuarial standards in jurisdictions of all Full Member Associations and the global convergence of actuarial standards. To learn more about the work of the IAA in this area, please contact the Director of Technical Activities at the IAA Secretariat.