Short Term Insurance

This page provides guidance in carrying out Short Term Insurance related actuarial work. The following Standards of Actuarial Practice (SAPs), Advisory Practice Notes (APNs) and Information Notes (IN) are in force:

Standards of Actuarial Practice (SAP):

Title

     

    Advisory Practice Notes (APN):

    Title
    APN 401 v3: ESTABLISHING TECHNICAL PROVISIONS FOR SHORT-TERM INSURERS
    1 file(s) 8179 downloads
    Actuarial_Practice_Notes, APN_Short_Term_Insurance_Current
    APN 403: Supplementary Note August 2018
    1 file(s) 3185 downloads
    Actuarial_Practice_Notes, APN_Short_Term_Insurance_Current
    APN 106 Addendum: Supplementary Note August 2018
    1 file(s) 8815 downloads
    Actuarial_Practice_Notes, APN_Banking_Current, APN_Damages_Current, APN_Healthcare_Current, APN_Investments_Current, APN_Life_Assurance_Current, APN_Micro_Insurance_Current, APN_Retirement_Matters_Current, APN_Short_Term_Insurance_Current, APN_Social_Security_Current
    APN 404 v1: HEAD OF ACTUARIAL FUNCTION FOR SOUTH AFRICAN INSURANCE GROUPS
    1 file(s) 5418 downloads
    Actuarial_Practice_Notes, APN_Short_Term_Insurance_Current
    APN 405 v1: IFRS 17 Insurance Contracts
    1 file(s) 8541 downloads
    Actuarial_Practice_Notes, APN_Healthcare_Current, APN_Short_Term_Insurance_Current
    APN 403 v2: HEAD OF ACTUARIAL FUNCTION FOR SOUTH AFRICAN INSURERS
    1 file(s) 7554 downloads
    Actuarial_Practice_Notes, APN_Short_Term_Insurance_Current, IN_Healthcare_Current
    Overview of Professional Guidance and Standards for members of ASSA working in Non-Life Insurance
    1 file(s) 2060 downloads
    Advanced Search, APN_Short_Term_Insurance_Current
    APN 904 v2: Market Conduct Considerations
    1 file(s) 1479 downloads
    Actuarial_Practice_Notes, APN_Damages_Current, APN_Healthcare_Current, APN_Retirement_Matters_Current, APN_Short_Term_Insurance_Current, APN_Social_Security_Current
    APN 901 v3: General Actuarial Practice
    1 file(s) 299 downloads
    Actuarial_Practice_Notes, APN_Damages_Current, APN_Healthcare_Current, APN_Retirement_Matters_Current, APN_Short_Term_Insurance_Current, APN_Social_Security_Current

       

      Information Notes:

      Title
      IN 002 v2: Peer review processes
      1 file(s) 10254 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 001 v1: COVID-19 Considerations For Life Assurance Actuaries
      1 file(s) 14447 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 003 v1: Actuarial systems requirements in reviewing pensions administration migrations
      1 file(s) 6716 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 004 v1: Loss-Absorbing Capacity of Deferred Taxes Considerations
      1 file(s) 15201 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note, Series 100 Additional guidelines
      IN 005 v1: Systems Testing Requirements and Actuarial Involvement
      1 file(s) 6570 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 006 v1: Unitisation – Retirement fund considerations for actuarial staff and administrators
      1 file(s) 8756 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 007 v1: Data migration considerations for life insurance actuaries
      1 file(s) 6672 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 008 v1: Cyber security risk considerations for all actuaries
      1 file(s) 7671 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 009 v1: Considerations on retrenchment risk in SCR standardised formula
      1 file(s) 10231 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note, Series 100 Additional guidelines
      IN 012 v1: Market and professional conduct
      1 file(s) 5440 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 011.1 v1: ASSA Guidance Comments Template
      1 file(s) 4727 downloads
      Advanced search 2, IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note
      IN 013 v1 – Medical Scheme Benefits Comparisons
      1 file(s) 4197 downloads
      IN Banking Current, IN_Damages_Current, IN_Healthcare_Current, IN_Investments_Current, IN_Live_Assurance_Current, IN_Micro_Insurance_Current, IN_Retirement_Matters_Current, IN_Short_Term_Insurance_Current, IN_Social_Security_Current, Information_Note

        Standards of Actuarial Practice (SAP):

         

        Advisory Practice Notes (APN):

        Title
        APN 107 Addendum: Additional Note – Differences Between APN 107 guidance and the CFO Forum’s MCEV Principles
        1 file(s) 21010 downloads
        APN_Banking_Archive, APN_Damages_Archive, APN_Healthcare_Archive, APN_Investments_Archive, APN_Life_Assurance_Archive, APN_Micro_Insurance_Archive, APN_Retirement_Matters_Archive, APN_Short_Term_Insurance_Archive, APN_Social_Security_Archive, Archive-A
        APN 904 v1: Market Conduct Considerations
        1 file(s) 5933 downloads
        APN_Damages_Archive, APN_Healthcare_Archive, APN_Retirement_Matters_Archive, APN_Short_Term_Insurance_Archive, APN_Social_Security_Archive, Archive-A
        APN 901 v2: General Actuarial Practice
        1 file(s) 17485 downloads
        APN_Damages_Archive, APN_Healthcare_Archive, APN_Retirement_Matters_Archive, APN_Short_Term_Insurance_Archive, APN_Social_Security_Archive, Archive-A
        PGN 108: CPD Scheme
        1 file(s) 5902 downloads
        APN_Banking_Archive, APN_Damages_Archive, APN_Healthcare_Archive, APN_Investments_Archive, APN_Life_Assurance_Archive, APN_Micro_Insurance_Archive, APN_Retirement_Matters_Archive, APN_Short_Term_Insurance_Archive, APN_Social_Security_Archive, Archive-A
        APN 902 – Governance of Models
        1 file(s) 5281 downloads
        APN_Banking_Archive, APN_Damages_Archive, APN_Healthcare_Archive, APN_Investments_Archive, APN_Life_Assurance_Archive, APN_Micro_Insurance_Archive, APN_Retirement_Matters_Archive, APN_Short_Term_Insurance_Archive, APN_Social_Security_Archive, Archive-A

           

          Information Notes:


          Keeping our Guidance Notes up to date:

          If you do spot an error in one of the Notes or cannot find the guidance note you are looking for, please let us know by completing the information below.

          • Guidance note name and version
          • Provide information on any errors or missing notes here. Please include the Note name and version.
          • Email address: (optional)