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International Standards of Actuarial Practice. ISAP 1A – Governance of Models

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This ISAP provides guidance to actuaries when performing actuarial services to give intended users confidence that

  • Actuarial services are carried out professionally and with due care;
  • The results are relevant to their needs, are presented clearly and understandably, and are complete; and
  • The assumptions and methodology (including, but not limited to, models and modelling techniques) used are disclosed appropriately.

 

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