Please see the attached transmittal memorandum from Andrew Chamberlain, Chair, Actuarial Standards Committee (ASC) of the IAA, regarding the proposed final International Standard of Actuarial Practice 7 (ISAP 7) on“Current Estimates”and Other Matters in Relation to the IAIS Insurance Capital Standard.

The proposed final ISAP 7 and related amendments to the glossary were developed by the ISAP 7 Task Force of the ASC after considering the comments received on the exposure draft of ISAP 7 published for consultation on 10 February 2022. The consultation report outlines the comments received on the exposure draft and the ASC’s responses to these comments.

These documents have been duly approved by the ASC in accordance with Due Process for development of ISAPs, which are available on the IAA website under Publications/ISAPs/Current Consultations.

If you have any comment, please follow the instructions contained in the attached transmittal memorandum and provide your feedback to the Actuarial Institute of Chinese Taipei. We will collect all responses and conclude these feedback to IAA. Please e-mail your comments to airc.org@gmail.com no later than 13 January 2023.