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

The July “Professionalism Counts” column, written by current members of the Committee on Qualifications, looks at the U.S. Qualification Standards 10 years after the current version came into effect in 2008. (Actuarial Update, July 2018)

In “Self-Regulation of the U.S. Actuarial Profession: A Model for the World,” Academy Past President Cecil Bykerk writes about his recent experience at the International Congress of Actuaries in Berlin. (Actuarial Update, June 2018)

In “An SAO by Any Other Name,” Committee on Qualifications Chairperson Andrea Sweeny spells out why any actuary who is subject to the Code of Professional Conduct should clearly understand what a statement of actuarial opinion is. (Actuarial Update, May 2018)

Wondering about the differences between the continuing education requirements of the U.S. Qualification Standards (USQS) and the continuing professional development requirements of other actuarial organizations? It is important for actuaries to understand the difference, and the Academy has created useful tools to help actuaries document their compliance with the USQS. (Actuarial Update, April 2018)

The Academy’s professionalism webinars—typically four per year—offer expertise on a range of professionalism topics across all practice areas, and insight from members of the Committee on Qualifications, Actuarial Standards Board, Actuarial Board for Counseling and Discipline, and other distinguished speakers from Academy boards and committees. (Actuarial Update, March 2018)

In “Disclosure: The Cornerstone of the ASOPs’ Strength,” Actuarial Standards Board (ASB) Chairperson Beth Fitzgerald outlines the ASB’s process in developing actuarial standards of practice (ASOPs) and the ASB’s role in what disclosures actuaries will need to make to comply with an ASOP, and specifically notes the importance of ASOP No. 41, Actuarial Communications. (Actuarial Update, February 2018)

“New Standards for the New Year,” by Actuarial Standards Board (ASB) Chairperson Beth Fitzgerald, highlights several new actuarial standards of practice (ASOPs)—Nos. 51, 52, and 53—offering explanations behind their promulgation last year, and the role of the ASB’s committees and task forces in creating the ASOPs. (Actuarial Update, January 2018)

If You Get That Call

December 2017

In “If You Get That Call,” Actuarial Board for Counseling and Discipline (ABCD) Chairperson Richard Block writes that compliance with the Code of Professional Conduct’s Precept 14, requiring the actuary to cooperate with the ABCD, often boils down to Will Rogers’ adage, “If you find yourself in a hole, stop digging.” (Actuarial Update, December 2017)