AAE adopts the revision of model standard ESAP3 – model standard on Actuarial practice in relation to the ORSA process under Solvency II

At the AAE General Assembly, held on 6 October 2023, the AAE adopted the revision of ESAP3 – model standard on Actuarial practice in relation to the ORSA process under Solvency II.
The previous version of ESAP 3 was approved by the General Assembly on 2 August 2017.

In addition, the AAE adopted the revisions in the AAE Glossary.

All relevant documents can be found here:

• ESAP 3 (2023) – Approved 6 October 2023
• AAE Glossary (2023) – Approved 6 October 2023
• Press release