ASB News

ASB Adopts ASOP No. 56

Category: ASB News
The ASB adopted ASOP No. 56, Modeling. The ASOP provides guidance to actuaries when performing actuarial services with respect to designing, developing, selecting, modifying, using, reviewing, or evaluating models. Notable changes made to the fourth exposure draft include deleting the section on mar ...
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ASB Approves Exposure Draft of ASOP No. 11 Revision; Second Exposure Draft of ASOP No. 32 Revision

The ASB recently approved an exposure draft of a proposed revision of ASOP No. 11, now titled Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports, and a second exposure draft of a proposed revision of ASOP No. 32, Social Insurance.ASOP No. 11, which was fir ...
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ASB Issues Request for Input on a Proposed ASOP Related to Property/Casualty Rate Filings

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

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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ASB Adopts ASOP No. 55

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

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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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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