General Insurance Professional Standards
and Guidance

Current documents

Professional Standards

PS 1 Continuing Professional Development (January 2020 rebranded October 2024)

PS 1 Continuing Professional Development (rebranded October 2024) Background

PS 102 Financial Condition Report (October 2024)

PS 103 Actuarial Review (October 2024)

PS 302 Valuations of General Insurance Claims (October 2024)

Practice Guidelines

PG 1 General Actuarial Practice (March 2020)

PG 101 Investment Performance Measurement and Presentation (October 2024)

PG 199.02 Relationship with the Auditor when Actuarial Work is Used in an Audit (October 2024)

PG 199.03 Economic Valuations (March 2011)

PG 4 AASB 17 Insurance Contracts (January 2023)

PG 6A Target Capital Life, General and Health Insurance (April 2022)

Technical Papers

TP The Use of Catastrophe Models Results (November 2024)

TP Climate Change for Appointed Actuaries (December 2023)

TP Discount Rates for APRA Capital Standards (January 2023)

TP Insurance Concentration Risk Charge – Other Accumulations Vertical Requirement (February 2022)

TP AASB 17 Insurance Contracts Technical Paper Version 3.2 (February 2021)

TP Actuarial Advice Framework (August 2018)

Information Notes

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

Other

Glossary of Defined Terms Used in Practice Guidelines (October 2024)

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

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