This ISAP provides guidance to actuaries when performing actuarial services involving enterprise risk models for insurers. It is expected to help increase public confidence in the ERM work provided by actuaries by giving 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.