General Insurance Professional Standards and Guidance
Professional Standards and Guidance relating to General Insurance.
Current documents
Professional Standards
PS 1 Continuing Professional Development (January 2020 rebranded October 2024)
PS 1 Continuing Professional Development (rebranded October 2024) Explanatory Memorandum
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 Automated Decision-Making Systems (October 2020 with December 2025 notice)
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.
Archive documents
Members may request copies of previous exposure drafts by contacting the Institute team at [email protected].
PS 101 Investment Performance Measurement and Presentation (March 2021)
PS 101 Investment Performance Measurement and Presentation (March 2021) Explanatory Memorandum
PS 102 Financial Condition Report (rebranded October 2024) Explanatory Memorandum
PS 103 Actuarial Review (rebranded October 2024) Explanatory Memorandum
PS 300 Valuations of General Insurance Exposure Draft (February 2019) Explanatory Memorandum
PS 302 Valuations of General Insurance Claims (March 2020)
PS 302 Valuations of General Insurance Claims (March 2020) Explanatory Memorandum
PS 302 Valuations of General Insurance Claims (March 2021) Explanatory Memorandum
PS 302 Valuations of General Insurance Claims (June 2019)
PS 302 Valuations of General Insurance Claims (June 2019) Explanatory Memorandum
PG 1 General Actuarial Practice (June 2017)
PG 1 General Actuarial Practice (March 2020) Explanatory Memorandum
PG 199.02 Relationship with the Auditor When Actuarial Work is used in an Audit (June 2018)
PG 4 AASB 17 Insurance Contracts (January 2023) Explanatory Memorandum
PG 6A Target Capital Life, General and Health Insurance (April 2022) Explanatory Memorandum
TP AASB 17 Insurance Contracts (February 2021)
TP Climate Change for Appointed Actuaries (November 2020)
TP Actuarial Advice Regarding Risk Management (August 2018)
TP Discount Rates and Inflation Assumptions for PS300 Claim Liabilities (November 2017)
TP The Use of Catastrophe Model Results by Actuaries (July 2015)
