IAA Risk Book: Professional Standards

By Godfrey Perrott · International Actuarial Association · 2023

Study guide: Exam GI-201

A chapter of the IAA Risk Book, developed and approved by the Insurance Regulation Committee of the International Actuarial Association (version 2.0, May 2023). It describes codes of professional conduct and professional standards of qualification and practice: the benefits of actuarial standards, how standard-setters and regulators interact, local and IAA model standards, and the enforcement of standards.

On the syllabus

• Exam GI-201 — Outcomes 7a; pp. 2-7.

Introducing the IAA Risk Book

1 Executive Summary

2 Key Messages

3 Background

4 Benefits of Actuarial Standards

5 Standard-Setters and Regulators

6 Local and IAA Model Standards

• 6.1 Local Standards
• 6.2 IAA Model Standards
• 6.3 Content of Standards

7 Enforcement of Standards

8 Conclusion

Sources

• IAA Risk Book: Professional Standards (International Actuarial Association, May 2023) — the document: title page, version table (version 2.0, May 2023, author), table of contents and bookmarks, and the executive summary for the lead
• GI 201 Syllabus, Nov 2026/Mar 2027 (SOA) — the citation and the assignment (outcome 7a, pp. 2-7)