The Actuarial Standards Board (ASB) of the American Academy of Actuaries released its 2024 Annual Report, which highlights the board’s accomplishments throughout the year, including adopting five revised actuarial standards of practices (ASOPs), approving seven exposure drafts for comment, and in ...
The Actuarial Standards Board (ASB) of the American Academy of Actuaries recently approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 20, now titled Analysis of Property/Casualty Cash Flows, Including Discounting. The standard applies to actuaries perform ...
The comment deadline for the exposure draft of ASOP No. 39, Treatment of Catastrophe or Extreme Event Losses in Future Cost Estimates for Property/Casualty Risk Transfer and Risk Retention, has been extended from May 1, 2025 to June 1, 2025. The exposure draft can be viewed here.
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The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 39, now titled Treatment of Catastrophe or Extreme Event Losses in Future Cost Estimates for Property/Casualty Risk Transfer and R ...
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a new Actuarial Standard of Practice (ASOP) No. 58, Enterprise Risk Management.
ASOP No. 58 replaces ASOP Nos. 46 and 47, Risk Evaluation in Enterprise Risk Management and Risk Treatment in Enterprise Risk Manage ...
The comment deadline for the second exposure draft of ASOP No. 41, Actuarial Communications, has been extended from February 15, 2025 to March 15, 2025. The exposure draft can be viewed here.
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The Actuarial Standards Board of the American Academy of Actuaries recently approved a second exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 41, Actuarial Communications. The ASOP applies to actuaries when issuing actuarial communications in any form (written, e ...
The Actuarial Standards Board of the American Academy of Actuaries recently approved a second exposure draft on a proposed new ASOP titled Enterprise Risk Management. The ASOP provides guidance to actuaries when performing actuarial services with respect to developing, maintaining, or reviewing al ...
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About The ASB
The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States through the development and promulgation of Actuarial Standards of Practice (ASOPs). These ASOPs describe the procedures an actuary should follow when performing actuarial services and identify what the actuary should disclose when communicating the results of those services.