ASB News

Proposed Revision of ASOP Nos. 4, 27, and 35

The ASB recently approved exposure drafts of revisions of ASOP Nos. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions; 27, Selection of Economic Assumptions for Measuring Pension Obligations; and 35, Selection of Demographic and Other Noneconomic Assumptions for Me ...
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ASB Adopts New ASOP No. 53

The ASB adopted new ASOP No. 53, Estimating Future Costs for Prospective Property/Casualty Risk Transfer and Risk Retention. The ASOP provides guidance to actuaries when performing actuarial services with respect to developing or reviewing future cost estimates for prospective property/casualty risk ...
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ASB Approves Second Exposure of Proposed ASOP, Capital Adequacy Assessment for Insurers

The ASB recently approved a second exposure draft of a proposed 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; pr ...
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ASB Adopts Two New ASOPs on Pension Risk and Principle-Based Reserves for Life Products

The ASB recently adopted ASOP No. 51, Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions, and ASOP No. 52, Principle-Based Reserves for Life Products under the NAIC Valuation Manual.ASOP No. 51 provides guidance to actuaries whe ...
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ASB Boxscore, August 2017

Category: ASB News
Read the latest news from the ASB Boxscore here. ...
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ASB Approves Second Exposure of Proposed ASOP on Life Insurance and Annuities Pricing

The ASB recently approved a second exposure draft of a proposed new ASOP titled Pricing of Life Insurance and Annuity Products. The proposed ASOP will apply to actuaries when performing actuarial services with respect to the pricing of life insurance and annuity products when a product is initially ...
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ASB Adopts Final Revision of ASOP No. 5

The ASB recently adopted a final revision of ASOP No. 5, Incurred Health Claim Liabilities. This ASOP provides guidance to actuaries when estimating or reviewing incurred claims when preparing or reviewing financial reports, claims studies, rates, or other actuarial communications as of a valuation ...
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ASB Approves Exposure Draft of a Revision of ASOP No. 17

Category: ASB News
The ASB recently approved an exposure draft of a revision of ASOP No. 17, Expert Testimony by Actuaries. The proposed revised standard will apply to actuaries who are qualified as experts under the evidentiary rules applicable in a forum when they provide testimony in court hearings, dispute resolut ...
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