Guidance and Practice Notes

The following guidance/practice notes have been issued by the ASM to provide direction for best practice.

Practice Note

Asset Share Study
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Guidance Note

Conversion of Spot Rates to Forward Rates and Recommended Method to Derive Unobserved A2 PDS Rates – 12 August 2007
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Guidance Note

Guidance Note for Valuation of Policy Liabilities for Life Insurance Business – October 2008
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Guidance and Practice Note

Surrender Value and Paid-Up Value Standard for Life Insurance
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Issuance of Standard of Actuarial Practice

The MSAPs are model standards of actuarial practice and cover the following areas

MSAP1

General Actuarial Practice
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MSAP2

Financial Analysis of Social Security Programs
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MSAP3

IAS 19 Employee Benefits
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MSAP4

IFRS 17 Insurance Contracts
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MSAP5

Enterprise Risk Models for Insurers and Takaful Operators
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MSAP6

Enterprise Risk Management Programs for Insurers and Takaful Operators
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Glossary of Terms

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