Actuarial standards for life insurance and friendly societies

The following standards apply to all life insurers including friendly societies:

Actuarial Standard AS1.04: Valuation of Policy Liabilities December 2005 PDF 127.19 KB

Actuarial Standard AS2.04: Solvency Standard March 2006 PDF 163.32 KB

Actuarial Standard AS3.04: Capital Adequacy Standard March 2006 PDF 178.25 KB

Actuarial Standard AS4.02: Minimum Surrender Values and Paid-Up Values March 2002 PDF 101.93 KB

Actuarial Standard AS5.02: Cost of Investment Performance Guarantees March 2002 PDF 46.4 KB

Actuarial Standard AS6.03: Management Capital Standard December 2005 PDF 115.07 KB

Actuarial Standard AS7.02: General Standard March 2006 PDF 167.66 KB

Explanatory Statement: Revised Actuarial Standards to coincide with the implementation of International Financial Reporting Standards PDF 184.72 KB

The standards apply with effect from 31 December 2005. The Solvency Standard, Capital Adequacy Standard and General Standard were updated on 30 March 2006. The Explanatory Statement describes and explains the changes made. Actuarial Standards that have been revoked have been removed from this website. They are available by contacting APRA.

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Actuarial standards for life insurance and friendly societies

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