Please see the attached memorandum from Andrew Chamberlain, Chair - Actuarial Standards Committee (ASC) of the IAA, regarding the second exposure draft of the proposed International Standard of Actuarial Practice 4 (ISAP 4) on IFRS 17 Insurance Contracts, and the related amendments to the glossary.

The attached second exposure draft and amendments to the glossary were developed by the ISAP 4 Task Force of the ASC, and they have been duly approved by the ASC in accordance with Due Process for development of International Standards of Actuarial Practice.

Please distribute these documents widely within your organization, and to any actuarial standard setters and other interested parties in your jurisdiction.

These documents are also available on the IAA website under Publications, click here to access them on the website.

The deadline to comment on this exposure draft is 30 April 2019. In the light of the desire to issue the final ISAP as soon as practical, no extensions will be  granted to the deadline in this instance.

We kindly request you to follow the instructions in the attached transmittal memorandum and use only the attached comment template and when submitting comments.

Please feel free to contact Amali Seneviratne, Director Technical Activities, at the IAA Secretariat if you have any questions.

We look forward to receiving your feedback by 30 April 2019.

Thank you!

IAA Secretariat

Tel: +1-613-236-0886 Fax: +1-613-236-1386

secretariat@actuaries.org

1203-99 Metcalfe, Ottawa  ON  K1P 6L7 Canada

www.actuaries.org