ASB News

11
Jul
0

ASB Approves Second Exposure Draft of ASOP No. 24 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved a second exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 24, now titled Compliance with the NAIC Life Insurance Illustrations Model Regulation. The standard provides guidance to act ...
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6
Jun
0

BOXSCORE, SPRING/SUMMER 2023: ASB APPROVES EXPOSURE DRAFT OF PROPOSED NEW ENTERPRISE RISK MANAGEMENT ASOP

Category: ASB News
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1
Jun
0

ASB Approves ASOP No. 40 Revision Exposure Draft

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. 40, now titled Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors.  The ASO ...
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15
May
0

ASB Approves Exposure Draft of New Enterprise Risk Management ASOP

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved an exposure draft of a new ASOP on enterprise risk management to replace ASOP Nos. 46 and 47, Risk Evaluation in Enterprise Risk Management and Risk Treatment in Enterprise Risk Management, respectively. The propos ...
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22
Mar
0

ASB Releases 2022 Annual Report

Category: ASB News
The Actuarial Standards Board released its 2022 Annual Report, which highlights the board’s accomplishments throughout the year. In 2022, the ASB adopted two revised ASOPs, approved seven exposure drafts for comment, and approved proposals to revise three existing ASOPs.   ...
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8
Mar
0

ASB Adopts New ASOP No. 57; Approves Exposure Draft of ASOP No. 27 Revision

Category: ASB News
The ASB adopted new ASOP No. 57, Statements of Actuarial Opinion Not Based on an Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Related Actuarial Items. A conversion of Actuarial Compliance Guideline (ACG) No. 4, Statutory Statements of Opinion Not Including ...
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31
Jan
0

ASOP No. 10 Revision Adopted; Second Exposure Draft of ASOP No. 29 Approved

Category: ASB News
The ASB adopted a revision of ASOP No. 10, now titled U.S. GAAP for Long-Duration Life, Annuity, and Health Products. The ASOP provides guidance to actuaries when performing actuarial services related to the preparation or review of insurance company financial statements in accordance with U.S. gen ...
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6
Jan
0

Boxscore, Fall/Winter 2022: ASB Approves Exposure Drafts of Proposed Revisions of ASOPs Nos. 27 & 29; Adopts Revision of ASOP No. 10

Category: ASB News
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14
Oct
0

ASB Approves Exposure Draft of a Conversion of Actuarial Compliance Guideline No. 4 into Proposed ASOP

Category: ASB News
The ASB approved an exposure draft of a conversion of Actuarial Compliance Guideline (ACG) No. 4, Statutory Statements of Opinion Not Including an Asset Adequacy Analysis by Appointed Actuaries for Life or Health Insurers, into a proposed actuarial standard of practice (ASOP) now titled Statements ...
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30
Aug
0

Boxscore, Summer 2022: ASB Approves Proposed ASOP No. 36 Revision and Proposed ASOP No. 28 Scope Revision for Exposure

Category: ASB News
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About The ASB

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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