An IAN does not impose any obligation on any IAA Member Association or any individual actuary to promote or apply the practices described. It is not a definitive statement as to what constitutes generally accepted practice in the area under discussion and the language used is not directive.
An IAN may address a topic that is also addressed by an International Standard of Actuarial Practice (ISAP) issued by the IAA. In that case, the IAN will not conflict with the ISAP. The IAN does not seek to interpret the ISAP and it is not intended as a description of how an IAA Member Association might interpret the ISAP. Nor is it intended as a description of how an actuary might apply the ISAP or any actuarial standard based on the ISAP, though it might assist in that regard.
Due Process for International Actuarial Notes (Last Updated 7 May 2020)
IANs Under Review or Superceded:
Under Review
The IANs under review 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 The former IAN 1 was withdrawn when the IAA issued ISAP 2 (Financial Analysis of Social Security Programs), while IAN 2 has been superseded by ISAP 1. As a result, IAN 2 has been revoked as of 28 March 2014 because much of its content has been moved into ISAP 1.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to actuaries performing financial reporting work related to IFRS and thus this revoked IAN 2 remains available (in the superseded IANs section of the website).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educational guidance to the application of the current IFRS 4 (IASB standard for insurance contracts) and will be repealed once new IANs are developed that will apply to the new IASB standard for Insurance Contracts.
- Cover letter relating to IAN 2-IAN 8 – July 25, 2005
- IAN 3 – Classification of Contracts under International Financial Reporting Standards IFRS [2005]
- IAN 4 – Measurement of Investment Contracts and Service Contracts under International Financial Reporting Standards IFRS [2005]
- IAN 5 – Current Estimates under International Financial Reporting Standards IFRS [2005]
- IAN 6 – Liability Adequacy Testing, Testing for Recoverability of Deferred Transaction Costs, and Testing for Onerous Service Contracts under International Financial Reporting Standards IFRS [2005]
- IAN 7 – Recognition and Measurement of Contracts with Discretionary Participation Features under International Financial Reporting Standards IFRS [2005]
- IAN 8 – Changes in Accounting Policies under International Financial Reporting Standards IFRS [2006]
- IAN 9 – Accounting for Reinsurance Contracts under International Financial Reporting Standards IFRS [2007]
- IAN 10 – Embedded Derivatives and Derivatives under International Financial Reporting Standards IFRS [2007]
- IAN 11 – Business Combinations under International Financial Reporting Standards IFRS [2008]
- IAN 12 – Disclosure of Information about Insurance Contracts under International Financial Reporting Standards IFRS [2008]
- List of Definitions for IANs 3 – 12
Superceded
- IAN 2 – Actuarial Practice When Providing Professional Services Concerning Financial Reporting under International Financial Reporting Standards IFRS [2008] (Superseded by ISAP 1)