This regular column in Actuarial Update highlights the ASB’s work and other important professionalism issues.

Promoting actuarial professionalism is essential to the Academy’s mission. Our speakers bureau has had significant success in providing professionalism education across the United States—to actuarial clubs, large employers, and university venues to deepen the understanding of what “professionalism” means in our self-regulating profession. (Actuarial Update, March 2019)

The Actuarial Standards Board has released a fourth exposure draft of a proposed new actuarial standard of practice (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. (Actuarial Update, February 2019)

Academy volunteers and interested parties must provide annual acknowledgement of their commitment to objectivity and the Academy’s Conflict of Interest (COI) Policy and continuing education requirements, writes Art Panighetti, vice president of the Council on Professionalism. (Actuarial Update, January 2019)

In a Q&A, outgoing Actuarial Board for Counseling and Discipline (ABCD) Chairperson Rick Block discusses the changes he has seen in six years on the board, including the past two as chairperson, and how the ABCD’s investigative and request for guidance processes work. (Actuarial Update, December 2018)

The ABCs (and D) of CE

November 2018

The continuing education (CE) requirements under the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (the USQS) apply to all actuaries in the U.S. that issue SAOs, and most do. As we approach year-end, a quick review of the ABCs (and D) of CE may help. (Actuarial Update, November 2018)

Celebrating 30 years of the Actuarial Standards Board (ASB), the “Professionalism Counts” column, written by ASB Chairperson Beth Fitzgerald, incoming 2019 Chairperson Kathleen Riley, and Vice Chairperson Maryellen Coggins, recaps some of the ASB’s many accomplishments and invites actuaries to become involved by volunteering for ASB-related professionalism activities and promoting use of the actuarial standards of practice. (Actuarial Update, October 2018)

Actuarial Standards Board (ASB) Vice Chairperson Kathleen Riley writes in the September “Professionalism Counts” column on actuarial standards of practice (ASOPs) and the exposure process that the ASB utilizes a robust and transparent exposure process, which is necessary to develop ASOPs that serve both the actuarial profession and the public. (Actuarial Update, September 2018)

The Academy’s Council on Professionalism maintains an online tool to help practicing actuaries stay abreast of actuarial standards of practice (ASOPs). The Applicability Guidelines can help actuaries initiate an analysis of which ASOPs may be applicable to particular assignments and to keep current with new and revised ASOPs. (Actuarial Update, August 2018)