International Actuarial Standards

International Actuarial Standards (IAS) are globally recognized guidelines that actuaries follow when performing their work. They ensure consistency, professionalism, and quality in activities like assessing risks, valuing insurance liabilities, and setting financial reserves. These standards help ensure that actuaries produce reliable and comparable results across different countries and organizations, supporting transparency and trust in financial and insurance industries. Essentially, IAS provides a common framework to maintain high professional conduct and accuracy in actuarial work worldwide.