Health Insurance

Professional Standards
PS 1 Continuing Professional Development (January 2020)
PS 1 Continuing Professional Development (January 2020) Explanatory Memorandum
PS 102 Financial Condition Report (March 2021)
PS 102 Financial Condition Report (March 2021) Explanatory Memorandum
PS 103 Actuarial Review (March 2021)
PS 103 Actuarial Review (March 2021) Explanatory Memorandum
PS 602 Valuations of Health Insurance Claims (April 2024)
PS 602 Valuations of Health Insurance Claims (April 2024) Explanatory Memorandum

Practice Guidelines
PG 1 General Actuarial Practice (March 2020)
PG 101 Investment Performance Measurement and Presentation (March 2024)
PG 101 Investment Performance Measurement and Presentation (March 2024) Explanatory Memorandum
PG 199.02 Relationship with the Auditor when Actuarial Work is Used in an Audit (July 2023)
PG 199.02 Relationship with the Auditor when Actuarial Work is Used in an Audit (July 2023) Explanatory Memorandum
PG 199.03 Economic Valuations (March 2011)
PG 4 AASB 17 Insurance Contracts (January 2023)
PG 4 AASB 17 Insurance Contracts (January 2023) Explanatory Memorandum
PG 6A Target Capital Life, General and Health Insurance (April 2022)
PG 6A Target Capital Life, General and Health Insurance (April 2022) Explanatory Memorandum
PG 699.00 Definitions (March 2018)
PG 699.00 Definitions (March 2018) Explanatory Memorandum
PG 699.01 Pricing and Financial Projections for Australian Private Health Insurers (March 2018)
PG 699.01 Pricing and Financial Projections for Australian Private Health Insurers (March 2018) Explanatory Memorandum

Technical Papers
TP Climate Change for Appointed Actuaries (December 2023)
TP AASB 17 Insurance Contracts (February 2021)
TP Actuarial Advice Framework (August 2018)

Information Note
IN Artificial Intelligence and Discrimination in Insurance Pricing and Underwriting (December 2022)

Other
AASB 17 Update to the Institute’s Professional Practice Documents (January 2023) Explanatory Memorandum
Glossary of Defined Terms Used in Practice Guidelines (March 2020)

If required, Members may request copies of previous exposure drafts by contacting the Institute Team at ppd@actuaries.asn.au.

Professional Standards
PS 101 Investment Performance Measurement and Presentation (March 2021)
PS 101 Investment Performance Measurement and Presentation (March 2021) Explanatory Memorandum
PS 600 Valuations of Health Insurance Claims (October 2023) Exposure Draft 
PS 600 Valuations of Health Insurance Claims (October 2023) Explanatory Memorandum
PS 600 Financial Condition Reports for Private Health Insurers (March 2017) Explanatory Memorandum

Practice Guidelines
PG 699.01 Pricing and Financial Projections for Private Health Insurers (September 2012)
PG 699.01 Pricing and Financial Projections for Private Health Insurers (September 2012) Explanatory Memorandum
PG 699.02 Valuations of Health Insurance Liabilities (March 2018)
PG 699.02 Valuations of Health Insurance Liabilities (March 2018) Explanatory Memorandum
PG 699.02 Valuation of Health Insurance Liabilities (December 2012)
PG 699.02 Valuation of Health Insurance Liabilities (December 2012) Explanatory Memorandum

Technical Paper
TP Climate Change for Appointed Actuaries (November 2020)

Guidance Notes
GN 650 Actuarial Reports and Advice on Outstanding Claims in Health Insurance (June 1999)
GN 660 Financial Projections for Health Insurers (December 2002)
GN 670 Financial Condition Reports for Health Insurers (July 2004)

Information Notes
IN Private Health Insurance Rebate Means Testing (August 2011)
IN Financial Projections for Private Health Insurers (December 2008)
IN Private Health Insurance Medicare Levy Surcharge (July 2008)


It is important that you also check that there are no multi-practice professional practice documents that may be relevant to your actuarial practice.