ASB News

ASB Approves Exposure Draft of a Conversion of Actuarial Compliance Guideline No. 4 into Proposed ASOP

Category: ASB News
The ASB approved an exposure draft of a conversion of Actuarial Compliance Guideline (ACG) No. 4, Statutory Statements of Opinion Not Including an Asset Adequacy Analysis by Appointed Actuaries for Life or Health Insurers, into a proposed actuarial standard of practice (ASOP) now titled Statements ...
LinkedInTwitterFacebookMore...
Read more →

ASB Approves Proposed ASOP No. 41 Revision for Exposure

Category: ASB News
The ASB approved an 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, electronic, or oral) within any practice area. The standard does not apply t ...
LinkedInTwitterFacebookMore...
Read more →

ASB Approves Proposed ASOP No. 36 Revision and Proposed ASOP No. 28 Scope Revision for Exposure

Category: ASB News
The ASB approved an exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 36, now titled Statements of Actuarial Opinion Regarding Property/Casualty Loss, Loss Adjustment Expense, or Other Reserves. The ASOP applies to actuaries when performing actuarial services with r ...
LinkedInTwitterFacebookMore...
Read more →

ASB Votes to Discontinue Development of Proposed Setting Assumptions ASOP

Category: ASB News
During its June 2022 meeting, the ASB voted to discontinue development of a proposed actuarial standard of practice (ASOP) on setting assumptions and disbanded the task force with appreciation for their development efforts. The proposed standard was initially exposed in December 2016 with the goal ...
LinkedInTwitterFacebookMore...
Read more →

ASB Approves ASOP No. 20 Revision for Exposure

Category: ASB News
The ASB approved an exposure draft of a revision of Actuarial Standard of Practice (ASOP) No. 20, now titled Discounting of Property/Casualty Claim Estimates. The ASOP applies to actuaries when performing actuarial services that involve the discounting of claim estimates for property/casualty cover ...
LinkedInTwitterFacebookMore...
Read more →

ASB Approves Exposure Draft of ASOP No. 10 Revision

Category: ASB News
The ASB approved an exposure draft of a revision of ASOP No. 10, now titled U.S. GAAP for Long-Duration Life, Annuity, and Health Products. The ASOP applies to actuaries when performing actuarial services related to the preparation or review of insurance company financial statements in accordance w ...
LinkedInTwitterFacebookMore...
Read more →

ASB Adopts ASOP No. 18 Revision

Category: ASB News
The ASB recently adopted a revision of ASOP No. 18, now titled Long-Term Care. The ASOP applies to actuaries when performing actuarial services with respect to long-term care (LTC) benefit plans sponsored by insurers or other entities. The standard also applies to actuaries designing, pricing, or de ...
LinkedInTwitterFacebookMore...
Read more →

ASB Releases 2021 Annual Report

Category: ASB News
The ASB released its 2021 Annual Report, which highlights the board’s accomplishments throughout the year. In 2021, the ASB adopted five revised ASOPs, approved four exposure drafts for comment, and approved proposals to revise four existing ASOPs. ...
LinkedInTwitterFacebookMore...
Read more →
Page 1 of 101234510...Last »