ASB News

26
Sep
0

ASB Approves Exposure Draft Of Proposed Capital Adequacy Assessment ASOP

Category: ASB News, ERM Committee News
The ASB recently approved an exposure draft of a proposed new ASOP titled Capital Adequacy Assessment for Insurers. The proposed ASOP will apply to actuaries involved in capital adequacy assessment work for life or health insurers, including fraternal benefit societies and health benefit plans, prop ...
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27
Jul
0

ASB Approves Second Exposure Draft of Proposed Risk ASOP, Third Exposure Draft of Proposed Modeling ASOP

Category: ASB News
The ASB recently approved a second exposure draft of a proposed new ASOP titled Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions. Key changes to the second exposure draft include expanding the scope of the proposed ASOP from ...
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6
Jul
0

ASB To Meet September 8-9, 2016 In Washington, D.C.

Category: ASB News
The next regularly scheduled meeting of the ASB will be held September 8-9, 2016, at the Academy offices in Washington, D.C. ...
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30
Jun
0

Pension Task Force Report Released; Pension Committee to Begin Drafting Modifications

Category: ASB News, Pension Committee News
The ASB has released the report of its Pension Task Force (PTF), which began work more than a year and a half ago to consider the standards implications of many proposals for change related to public pension plans.In December 2014, the PTF was formed to review input from interested stakeholders on ...
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11
Mar
0

ASB TO MEET JUNE 8-10, 2016 IN WASHINGTON

Category: ASB News
The next regularly scheduled meeting of the ASB will be held June 8-10, 2016, at the Academy offices in Washington, D.C. ...
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4
Feb
0

ASB Approves Exposure Draft on ASOP No. 5 Revision; Approves Second Exposure Draft on Ratemaking

Category: ASB News
The ASB recently approved an exposure draft of a revision to ASOP No. 5, Incurred Health and Disability Claims, and a second exposure draft of proposed ASOP Property/Casualty Ratemaking.The proposed revision to ASOP No. 5 reflects a number of changes to other standards that have been made since the ...
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11
Dec
0

ASB to Meet March 9-10, 2016 in Washington

Category: ASB News
The next regularly scheduled meeting of the ASB will be held March 9-10, 2016, at the Academy offices in Washington, D.C. ...
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2
Dec
0

ASB Approves Exposure Draft of ASOP No. 23 Revision

Category: ASB News
The ASB recently approved an exposure draft of a revision of ASOP No. 23, Data Quality. The ASOP was revised in 2004 and 2011 to reflect current, generally accepted practice with respect to data quality and to reflect new deviation language, respectively. In 2014, the ASB decided further review was ...
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6
Nov
0

ASB Adopts ASOP No. 50 on the Affordable Care Act

Category: ASB News
The ASB recently adopted its 50th ASOP, Determining Minimum Value and Actuarial Value under the Affordable Care Act. Although a practice note exists that provides information on the subject of determining minimum value and actuarial value under the Affordable Care Act (ACA), no guidance for actuarie ...
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29
Sep
0

ASB Approves Exposure Draft of ASOP No. 21 Revision

Category: ASB News
The ASB recently approved an exposure draft of a revision of ASOP No. 21, Responding to or Assisting Auditors or Examiners in Connection with Financial Audits, Financial Reviews, and Financial Examinations. As financial audits, reviews, and examinations have evolved significantly in the last ten yea ...
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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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