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ISP 3
(International Standard of
Actuarial Practice 3
Actuarial Practice in Relation to
IAS 19 Employee BenefitsNote: The hyperlinks in the ISP are linked to the respective definitions in the
Glossary.
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What is actuarial practice 3?
Actuarial Practice 3 is a form used by actuaries to document and support the pricing and valuation of insurance products.
Who is required to file actuarial practice 3?
Actuaries who are responsible for pricing and valuing insurance products are required to file actuarial practice 3.
How to fill out actuarial practice 3?
Actuaries must provide detailed information about their assumptions, methods, and data sources used in pricing and valuing insurance products.
What is the purpose of actuarial practice 3?
The purpose of actuarial practice 3 is to ensure that insurance products are priced accurately and fairly for policyholders.
What information must be reported on actuarial practice 3?
Information such as assumptions, methods, data sources, and results of the pricing and valuation of insurance products must be reported on actuarial practice 3.
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