ASB News

28
Oct
0

ASB Boxscore, October 2019: ASB Reviews Proposed Revisions of ASOP Nos. 11, 28, and 32; New Members, Chair Appointments Announced

Category: ASB News
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24
Oct
0

ASB Issues Request for Input on a Proposed ASOP Related to Property/Casualty Rate Filings

Category: ASB News, Casualty Committee News
The ASB has issued a Request for Input concerning the development of an actuarial standard of practice (ASOP) that would address the actuarial aspects of property/casualty rate filings submitted to state insurance departments. The proposed standard would provide guidance to actuaries regarding the a ...
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1
Jul
0

ASB Approves Second Exposure Drafts of Revisions of ASOP Nos. 27 and 35

Category: ASB News, Pension Committee News
The ASB recently approved second exposure drafts of 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. The first exposur ...
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21
Jun
0

ASB Adopts ASOP No. 55

Category: ASB News, ERM Committee News
The ASB recently adopted ASOP No. 55, Capital Adequacy Assessment. The ASOP provides guidance to actuaries when performing professional services with respect to an evaluation of the resiliency of an insurer through a capital adequacy assessment. The ASOP applies to actuaries designing, performing, o ...
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16
Apr
0

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

Category: ASB News, Life Committee News
The ASB recently approved an exposure draft of a revision of ASOP No. 2, now titled Nonguaranteed Elements for Life Insurance and Annuity Products. The standard applies to actuaries when performing actuarial services with respect to the determination and, if applicable, illustration of nonguaranteed ...
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3
Apr
0

ASB Boxscore, April 2019: Modeling, Setting Assumptions, and ASOP No. 22 Revision Exposure Drafts Approved; ASB 2018 Annual Report Published

Category: ASB News
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25
Mar
0

ASB Releases 2018 Annual Report

Category: ASB News
The ASB released its 2018 Annual Report. Last year the ASB adopted one new ASOP and two revised ASOPs, approved five exposure drafts for comment, and approved one proposal to revise one existing ASOP. In addition, the board presented a professionalism series webinar, “The Anatomy of ASOPs,” and ...
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18
Mar
0

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

Category: ASB News, Life Committee News
The ASB recently approved an exposure draft of a revision of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life or Health Liabilities. The standard applies to actuaries when performing actuarial services with respect to providing a statement of actuarial opinion ( ...
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19
Feb
0

ASB Approves Fourth Exposure of Proposed ASOP on Modeling

Category: ASB News
The ASB recently approved a fourth exposure draft of a proposed new ASOP titled Modeling. The proposed ASOP will provide guidance to actuaries in any practice area when performing actuarial services with respect to designing, developing, selecting, modifying, or using all types of models. The third ...
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19
Nov
0

ASB Boxscore, Nov. 2018: Revision of ASOP No. 32 Exposure Draft Approved; Capital Adequacy Third Exposure Draft Approved; New ASB Appointments

Category: ASB News
Read the latest news from the ASB Boxscore—The Actuarial Standards Board's newsletter, with progress reports on the ASB's work developing and updating standards. ...
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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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