ASB News

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 ...
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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 ...
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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. ...
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ASB Adopts ASOP No. 4 Revision; Approves ASOP No. 29 Revision for Exposure

Category: ASB News
The ASB recently adopted a revision of ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. The ASOP provides guidance to actuaries when performing actuarial services with respect to measuring obligations under a defined benefit pension plan and determining ...
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ASB Adopts Revisions of ASOP Nos. 2, 22, and 3

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuariesrecently adopted a revision of ASOP No. 2, now titled Nonguaranteed Elements for Life Insurance and Annuity Products. The ASOP applies to actuaries when performing actuarial services with respect to the determination and, if app ...
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ASB Adopts Revision of ASOP No. 38

Category: ASB News
The ASB recently adopted a final revision of ASOP No. 38, now titled Catastrophe Modeling (for All Practice Areas). The standard provides guidance to actuaries when performing actuarial services with respect to selecting, using, reviewing, or evaluating catastrophe models. The standard applies to ...
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ASB Approves Third Exposure Draft of ASOP No. 4

Category: ASB News
The ASB recently approved a third exposure draft of a proposed revision of ASOP No. 4, Measuring Pension Obligations and Determining Pension Plan Costs or Contributions. The standard provides guidance to actuaries when performing actuarial services with respect to measuring obligations under a def ...
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ASB Adopts Final Revision of ASOP No. 28; Approves Exposure Draft of ASOP No. 24

The ASB recently adopted a final revision of Actuarial Standard of Practice (ASOP) No. 28, now titled Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities. The ASOP provides guidance to actuaries when performing actuarial services with respect to issuing or reviewing a ...
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