... This paper will be restricted to focus on the technical provisions, as they are the most relevant for insurance operations. Other liabilities tend to be less material or are subject to less uncertainty in their estimation, or are subject to evaluation using the same accounting and valuation...

... This standard builds on the framework set out in the IAIS paper Insurance Supervisory Principles approved in September 1997. Its objective is to describe the essential elements of a sound asset management system and reporting framework across the full rangeof investment activities ...