• HOME
  • Publications
  • Korean Standards of Actuarial Practice(KSAPs)

Korean Standards of Actuarial Practice(KSAPs)

Introduction to KSAPs and Manuals

Enactment Date
2022-02-08
Latest Amendment Date
View PDF
Following the introduction of new systems in the insurance industry such as IFRS17 and K-ICS, the IAK established and produced various practical standards and manuals as a self-regulatory organization.

In particular, in performing actuarial tasks for financial reporting under IFRS17, we strive to ensure 'international consistency' by aligning with the standards, guidelines, and other relevant aspects of international organizations. We have established consistent domestic 'standard operating procedures' to support the successful introduction of the new system in the insurance industry.

For the active utilization of each practical standard and manual, we provide an "Introduction to KSAPs and Manuals". We appreciate your reference and consideration for effective application. Thank you.

[IAK] Introduction to KSAPs and Manuals.pdf

Download