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ISP 1A
(International Standard of
Actuarial Practice 1A
Governance of Models
(ISP 1A)Adopted by the IAA Council
21 November 2016TABLE OF CONTENTS
Preface ..................................................................................................................................................
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What is actuarial practice 1a?
Actuarial practice 1a refers to the specific guidelines and standards that actuaries must follow when performing certain calculations and assessments in their work.
Who is required to file actuarial practice 1a?
Actuaries who work in certain industries or with specific types of data may be required to file actuarial practice 1a as part of their professional obligations.
How to fill out actuarial practice 1a?
Actuarial practice 1a can be filled out by following the instructions provided in the guidelines and standards set forth by the relevant regulatory bodies.
What is the purpose of actuarial practice 1a?
The purpose of actuarial practice 1a is to ensure that actuaries are conducting their work in a consistent and reliable manner that meets industry standards.
What information must be reported on actuarial practice 1a?
The information that must be reported on actuarial practice 1a may include details of the calculations performed, the data sources used, and any assumptions made during the process.
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