Standards of Practice | Actuarial Standards Oversight Council

Current Standards of Practice

This section provides links to current actuarial Standards of Practice. Standards of Practice are precise and detailed descriptions of how actuaries, in all practice areas (e.g., actuarial evidence, pensions, life or property/casualty insurance), are to go about their work. They range from detailed instructions on how to make certain calculations to more general requirements as to what should be disclosed in actuarial reports. They are developed and adopted by the Actuarial Standards Board (ASB) according to its due process and are published by the Canadian Institute of Actuaries.

Additional educational and other guidance material designed to assist actuaries in applying actuarial Standards of Practice in respect of specific matters, is also regularly developed by the Canadian Institute of Actuaries. Current guidance material can be accessed at the following link: CIA Guidance Material.