ASB News

31
Jan
0

ASB Approves Exposure Draft of a Proposed Revision of ASOP No. 39

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 39, now titled Treatment of Catastrophe or Extreme Event Losses in Future Cost Estimates for Property/Casualty Risk Transfer and R ...
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30
Jan
0

ASB Adopts ASOP No. 58

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a new Actuarial Standard of Practice (ASOP) No. 58, Enterprise Risk Management.  ASOP No. 58 replaces ASOP Nos. 46 and 47, Risk Evaluation in Enterprise Risk Management and Risk Treatment in Enterprise Risk Manage ...
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18
Dec
0

ASOP No. 41 Comment Deadline Extended

Category: ASB News
The comment deadline for the second exposure draft of ASOP No. 41, Actuarial Communications, has been extended from February 15, 2025 to March 15, 2025. The exposure draft can be viewed here. ...
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25
Nov
0

ASB Approves Second Exposure Draft of Proposed Revision of ASOP No. 41

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries recently approved a second exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 41, Actuarial Communications. The ASOP applies to actuaries when issuing actuarial communications in any form (written, e ...
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24
Oct
0

Boxscore, Fall 2024: ASB Adopts Revision of ASOP No. 24, Approves Exposure Drafts of ERM and Pricing Reinsurance ASOPs

Category: ASB News
Read the latest news from the ASB Boxscore. ...
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1
Oct
0

ASB Approves Second Exposure Draft of Proposed New ASOP on ERM

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries recently approved a second exposure draft on a proposed new ASOP titled Enterprise Risk Management. The ASOP provides guidance to actuaries when performing actuarial services with respect to developing, maintaining, or reviewing al ...
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1
Oct
0

ASB Adopts ASOP No. 24 Revision

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries recently adopted a revision of ASOP No. 24, now titled NAIC Life Insurance Illustrations Model Regulation. The ASOP, which underwent three exposure periods and received 10 comment letters, provides guidance to actuaries when perfor ...
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31
Jul
0

ASB Approves Exposure Draft of a Proposed New ASOP on Pricing Reinsurance

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries approved an exposure draft of a proposed new actuarial standard of practice (ASOP) titled Pricing Reinsurance or Similar Risk Transfer Transactions Involving Life Insurance, Annuities, or Long-Duration Health Benefit Plans. The pro ...
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24
Jul
0

ASB Approves Exposure Draft of a Proposed Revision of ASOP No. 30

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 30, now titled Profit Margins and Contingency Provisions in Property/Casualty Risk Transfer and Risk Retention. The ASOP applies to actu ...
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3
Jun
0

BOXSCORE, SPRING/SUMMER 2024: ASB ADOPTS REVISIONS OF ASOP NOS. 27, 28, 29, AND 36

Category: ASB News
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Actuarial Standards Board

The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States through the development and promulgation of Actuarial Standards of Practice (ASOPs). These ASOPs describe the procedures an actuary should follow when performing actuarial services and identify what the actuary should disclose when communicating the results of those services.

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