ASB News

19
Oct
0

ASB Approves Exposure Draft of ASOP No. 38 Revision; Approves Third Exposure Draft on Setting Assumptions

Category: ASB News
The ASB recently approved an exposure draft of a revision of ASOP No. 38, now titled Catastrophe Modeling (for All Practice Areas). The ASOP provides guidance to actuaries when performing actuarial services with respect to selecting, using, reviewing, or evaluating catastrophe models. At the direct ...
LinkedInTwitterFacebookMore...
Read more →
21
Aug
0

ASB Boxscore, Spring/Summer 2020: ASB Adopts ASOP Nos. 27 and 35 Revisions; ASB Adopts ASOP No. 32 Revision

Category: ASB News
Information on the exposure drafts of ASOP Nos. 2, 22, and 28 as well as the new template for submitting comments are featured in this edition of the Boxscore. ...
LinkedInTwitterFacebookMore...
Read more →
21
Jul
0

ASB Adopts Revisions of ASOP Nos. 27 and 35

Category: ASB News, Pension Committee News
The ASB recently adopted revisions of Actuarial Standard of Practice (ASOP) Nos. 27, Selection of Economic Assumptions for Measuring Pension Obligations, and 35, Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations. ASOP No. 27 provides guidance to actuaries ...
LinkedInTwitterFacebookMore...
Read more →
16
Jul
0

ASB Approves Second Exposure Draft of Revision of ASOP No. 2

Category: ASB News, Life Committee News
The ASB recently approved a second exposure draft of a revision of ASOP No. 2, now titled Nonguaranteed Elements for Life Insurance and Annuity Products. The ASOP applies to actuaries when performing actuarial services with respect to the determination and, if applicable, illustration of NGEs for a ...
LinkedInTwitterFacebookMore...
Read more →
14
Jul
0

ASB Adopts Revision of ASOP No. 32

Category: ASB News
The ASB recently adopted a revision of ASOP No. 32, Social Insurance. The standard applies to actuaries when performing actuarial services in connection with an actuarial analysis of a Social Insurance Program whether the actuary’s principal is or is not a government agency with responsibility fo ...
LinkedInTwitterFacebookMore...
Read more →
23
Jun
0

ASB Approves Second Exposure Draft of Revision of ASOP No. 22

Category: ASB News, Life Committee News
The ASB recently approved a second exposure draft of a revision of ASOP No. 22, now titled Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities. The ASOP applies to actuaries when performing actuarial servic ...
LinkedInTwitterFacebookMore...
Read more →
9
Jun
0

ASB Approves Exposure Draft of Revision of ASOP No. 28

Category: ASB News, Health Committee News
The ASB recently approved an exposure draft of a revision of Actuarial Standard of Practice (ASOP) No. 28, now titled Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities. The ASOP provides guidance to actuaries when performing actuarial services with respect to issuin ...
LinkedInTwitterFacebookMore...
Read more →
8
Jun
0

ASB Introduces New Template for Submitting Comments on Exposure Drafts

Category: ASB News
The ASB has introduced a new process for the submission of comments commencing with the upcoming release of the exposure drafts of Actuarial Standard of Practice (ASOP) No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life, Annuity, or Health Reserves and Other Liabiliti ...
LinkedInTwitterFacebookMore...
Read more →
13
Apr
0

ASB Response to Pension Practice Council on ASOP No. 56 Effective Date Extension Request

Category: ASB News
The ASB has discussed the Oct. 1, 2020 effective for ASOP No. 56, Modeling. In light of the importance of this standard, the Board believes that there is sufficient lead time between now and the effective date of the ASOP and that an extension of the effective date is not now in the best interest o ...
LinkedInTwitterFacebookMore...
Read more →
1
Apr
0

ASB Extends Comment Deadlines for ASOP Nos. 11 and 4

Category: ASB News
The ASB has extended the comment deadline for the exposure draft of ASOP No. 11, Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports, and the second exposure draft of ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contribut ...
LinkedInTwitterFacebookMore...
Read more →
Page 5 of 11« First...3456710...Last »

Search Tip

To find terms or phrases, please include quotations, e.g., “qualified actuary.”

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.

ASB MEETING SCHEDULE

2024
March 19-21
June 4-6
September 10-11
December 10-12

2025
March 11-13
June 25-27
September 9-11
December 9-11

Meeting Guidelines

Quick Links

Code of Professional Conduct

U.S. Qualification Standards

Applicability Guidelines

Definitions from ASOPs

Table of Contents of the Standards Library

ASB Boxscore

For instructions on adding an icon to your handheld device that directly links to the ASB’s mobile responsive website, click here.

Add ASB to Home Screen

Watch Our Video

ASB Video

Standards of Practice: Protecting You, Protecting Others

Contact The ASB

asb@actuary.org
202.223.8196
202.223.1248