ASB News

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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30
May
0

ASB Adopts ASOP Nos. 28 and 36 Revisions

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 36, now titled Statements of Actuarial Opinion Regarding Property/Casualty Loss, Loss Adjustment Expense, or Other Reserves. The ASOP provides guidance to actuaries whe ...
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20
May
0

ASB Adopts ASOP No. 27 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 27, now titled Selection of Assumptions for Measuring Pension Obligations. The standard provides guidance to actuaries when performing actuarial services that in ...
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14
May
0

ASB Adopts ASOP No. 40 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 40, now titled Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors. The standard applies to actuaries when pe ...
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24
Apr
0

ASB Approves Third Exposure Draft of Proposed Revision of ASOP No. 24

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries approved a third exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 24, now titled NAIC Life Insurance Illustrations Model Regulation. The ASOP applies to actuaries when performing actuarial services ...
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24
Apr
0

ASB Releases 2023 Annual Report

Category: ASB News
The Actuarial Standards Board (ASB) released its 2023 Annual Report, which highlights the board’s accomplishments throughout the year. In 2023, the ASB adopted three revised actuarial standards of practice (ASOPs), approved four exposure drafts for comment, and introduced its 57th ASOP. In additi ...
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28
Feb
0

ASB Adopts ASOP No. 29 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 29, now titled Expense Provisions for Prospective Property/Casualty Risk Transfer and Risk Retention. The standard applies to actuaries when performing actuarial ...
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10
Jan
0

ASB Approves Exposure Draft of Proposed Revision of ASOP No. 12

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries recently approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 12, Risk Classification (for All Practice Areas). The ASOP applies to actuaries when performing actuarial services with r ...
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20
Dec
0

ASB Approves Exposure Draft of Proposed Revision of ASOP No. 7

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries recently approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 7, Life, Health, or Property/Casualty Insurance Cash Flow Risk. The proposed revision would apply to actuaries when perfo ...
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27
Jul
0

ASB Adopts ASOP No. 20 Revision; Approves Second Exposure Draft of ASOP No. 36 Revision

Category: ASB News
ASOP No. 20 The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 20, now titled Discounting of Property/Casualty Claim Estimates. The standard applies to actuaries when performing actuarial services that involve the ...
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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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