ASB News

ASB Adopts ASOP No. 40 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 40, now titled Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors. The standard applies to actuaries when pe ...
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ASB Approves Third Exposure Draft of Proposed Revision of ASOP No. 24

Category: ASB News
The Actuarial Standards Board of the American Academy of Actuaries approved a third exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 24, now titled NAIC Life Insurance Illustrations Model Regulation. The ASOP applies to actuaries when performing actuarial services ...
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ASB Releases 2023 Annual Report

Category: ASB News
The Actuarial Standards Board (ASB) released its 2023 Annual Report, which highlights the board’s accomplishments throughout the year. In 2023, the ASB adopted three revised actuarial standards of practice (ASOPs), approved four exposure drafts for comment, and introduced its 57th ASOP. In additi ...
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ASB Adopts ASOP No. 29 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 29, now titled Expense Provisions for Prospective Property/Casualty Risk Transfer and Risk Retention. The standard applies to actuaries when performing actuarial ...
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ASB Approves Exposure Draft of Proposed Revision of ASOP No. 12

Category: ASB News
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. 12, Risk Classification (for All Practice Areas). The ASOP applies to actuaries when performing actuarial services with r ...
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ASB Approves Exposure Draft of Proposed Revision of ASOP No. 7

Category: ASB News
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. 7, Life, Health, or Property/Casualty Insurance Cash Flow Risk. The proposed revision would apply to actuaries when perfo ...
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ASB Adopts ASOP No. 20 Revision; Approves Second Exposure Draft of ASOP No. 36 Revision

Category: ASB News
ASOP No. 20 The Actuarial Standards Board (ASB) of the American Academy of Actuaries adopted a revision of Actuarial Standard of Practice (ASOP) No. 20, now titled Discounting of Property/Casualty Claim Estimates. The standard applies to actuaries when performing actuarial services that involve the ...
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ASB Approves Second Exposure Draft of ASOP No. 24 Revision

Category: ASB News
The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved a second exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 24, now titled Compliance with the NAIC Life Insurance Illustrations Model Regulation. The standard provides guidance to act ...
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ASB Approves ASOP No. 40 Revision Exposure Draft

Category: ASB News
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. 40, now titled Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors.  The ASO ...
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