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Thanks to (the participation and expertise of our) members, the Institute was able to develop a number of documents and tools which we gladly share with you.

Guidance documents Actuarial Function

The Working Group Actuarial Function under Solvency II of IA|BE created a number of Guidance documents to assist the Actuarial Function at Belgian insurers in their reporting duties in accordance with the Belgian Solvency II regulation.

Here are the Guidance documents created so far:

This Working Group will going forward produce similar Guidance documents on other topics.

Responses to Consultations

The recent answers from IA|BE to consultations initiated by regulators can be found here as well.

Standards of Actuarial Practice

The General Assembly of IA|BE approved in December 2015 the Belgian Standard of Actuarial Practice  BSAP 1.  IA|BE Members commit to applying this standard covering the General Actuarial Practice in their actuarial work, while also respecting the IA|BE Code of Professional Conduct. 

The European Standards of Actuarial Practise (ESAPs) are model standards of practice developed by the AAE. ESAPs are model standards of actuarial practice and are as such not binding. So far, 3 ESAPs were issued:

    • ESAP 1 covers the General Actuarial Practice. Since October 2019, a Glossary complements ESAP 1.
    • ESAP 2 covers the Actuarial Function Report under Directive 2009/138/EC.
    • ESAP 3 covers the Actuarial Practice in Relation to the ORSA Process under Solvency II.

The International Standards of Actuarial Practice (ISAPs) are also model standards of practice developed by the Actuarial Standards Committee of the IAA, and are as such not binding. So far, 6 ISAP's were issued: 

    • ISAP 1 covers the General Actuarial Practice
    • ISAP 1A covers Governance of Models 
    • ISAP 2 covers Financial Analysis of Social Security Programs
    • ISAP 3 covers IAS 19 Employee Benefits
    • ISAP 4 covers IFRS 17 Insurance Contracts
    • ISAP 5 covers Insurer Enterprise Risk Models
    • ISAP 6 covers Enterprise Risk Management Programs and IAIS Insurance Core Principles
    • A Glossary complements the ISAPs 

European and International Actuarial Notes

  • An European Actuarial Note (EAN) is an educational document on European Standard of Actuarial Practice.
  • An International Actuarial Note (IAN) is an educational document that provides information on current or emerging practices in relation to an international actuarial topic.

The current IANs are numbered IAN 2 to IAN 12.

The former IAN 1 was withdrawn when the IAA issued ISAP 2 (Financial Analysis of Social Security Programs), while IAN 2 has been superseded by ISAP 1. As a result, IAN 2 has been revoked as of 28 March 2014 because much of its content has been moved into ISAP 1. However, the content that was not moved to ISAP 1 may still be of use to actuaries performing financial reporting work related to IFRS and thus this revoked IAN 2 remains available (in the superseded IANs section of the website).

IANs 3-12 provide educational guidance to the application of the current IFRS 4 (IASB standard for insurance contracts) and will be repealed once new IANs are developed that will apply to the new IASB standard for Insurance Contracts.

All IANs are available on the website of IAA.

Other documents

IA|BE Prospective Mortality Tables 2020

IA|BE Prospective Mortality Tables 2015

The Institute of Actuaries in Belgium is a membership organization in support of the actuarial community in Belgium. Its purpose is to defend the professional interest of its members and of the actuarial profession in Belgium.

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