ASB News

ASB Adopts Revisions of ASOP Nos. 27 and 35

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 →

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

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 →

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 →

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

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 →

ASB Approves Exposure Draft of Revision of ASOP No. 28

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 →

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 →

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 →

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 →

ASB Releases 2019 Annual Report

Category: ASB News
The ASB released its 2019 Annual Report. In 2019, the ASB had another banner year in standards-setting, adopting two new ASOPs, approving eight exposure drafts for comment, approving a proposal to revise one existing ASOP, and issuing one Request for Input on an ASOP on rate filings. In addition, ...
LinkedInTwitterFacebookMore...
Read more →

ASB Approves Second Exposure Draft of ASOP No. 4

The ASB approved a second exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions.The ASOP provides guidance to actuaries when performing actuarial services with respect to measuring oblig ...
LinkedInTwitterFacebookMore...
Read more →
Page 1 of 712345...Last »