Professionalism

The Council on Professionalism encourages actuaries to achieve and maintain a high level of professionalism in their practice. It coordinates its activities with two boards that operate independently and serve the U.S. profession: the ASB and the ABCD. Joeff Williams is the Academy's vice president for professionalism issues.
 
Actuarial Code of Professional Conduct
The Code identifies the professional and ethical standards required of actuaries who practice in the United States.
 
Qualification Standards
U.S. Qualification Standards define the basic and continuing education and experience requirements for issuing actuarial opinions.
 
Actuarial Standards of Practice
ASOPs provide guidance on the techniques, applications, procedures, and methods that reflect appropriate actuarial practices in the United States.
 
Professionalism Webinars
An archive of webinars on professionalism topics including U.S. Qualifications Standards, the Code of Conduct, and Actuarial Standards of Practice.
 
Professionalism Discussion Papers
Read papers on actuarial professionalism, standards of conduct, qualification, and practice.
 
Applicability Guidelines
Guidelines on which ASOPs might apply to actuarial assignments.
 
Professionalism and the Practicing Actuary
Get an overview of the Code of Professional Conduct, the U.S. Qualification Standards, Actuarial Standards of Practice, and the Actuarial Board for Counseling and Discipline.
 
Applicability Guidelines
Request one of the Academy’s experienced and knowledgeable speakers who have volunteered to share their expertise on actuarial professionalism.
Order a Copy of the Code of Professional Conduct
Members of the Academy may order a complimentary pocket-sized copy of the Code by logging into your member account here.
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Professionalism News & Events

The actuarial standards of practice (ASOPs) require actuaries to take action, by stating what the actuary should do, consider, document, and disclose in the course of performing actuarial services. Actuarial Standards Board Chairperson Maryellen Coggins looks at “Reliance and the ASOPs: In Good Faith and Subject to Disclosure,” through the lens of reliance on third parties, reasonableness, and suitability of data. (Actuarial Update, October 2017)
(October 31, 2017)
As the third quarter comes to a close, it’s time to evaluate your annual required—and documented—continuing education (CE) requirements, writes Academy President Bob Beuerlein. CE is required under the U.S. Qualification Standards, and the Academy offers many opportunities for actuaries to gain their necessary credit, including the November Annual Meeting and Public Policy Forum. (Actuarial Update, September 2017)
(September 29, 2017)
In the fourth and final installment of his presidential papers series “Professionalism in Action,” Academy President Bob Beuerlein focuses on the importance of implementing professional and ethical standards in the actuarial profession. (Contingencies, September/October 2017) (September 1, 2017)
The words “must,” “should,” and “may” in Actuarial Standard of Practice (ASOP) No. 1 offer guidance to all ASOPs, which help to protect the public by defining what constitutes appropriate practice. Understanding their definitions and professionalism implications will help you to satisfy all of standards of practice that apply to your work and, thereby, also help you to achieve this broader purpose. (Actuarial Update, August 2017 (August 31, 2017)
Following the Academy’s June professionalism webinar on actuary-to-actuary communication, former Actuarial Board for Counseling and Discipline (ABCD) Chairperson Janet Fagan writes about questions surrounding Precept 10, “Courtesy and Cooperation,” when a principal replaces one actuary with another, and the ABCD’s role in providing guidance. (Actuarial Update, July 2017) (July 31, 2017)
In Part 3 of the “Professionalism in Action” series, Academy President Bob Beuerlein looks at professionalism and new and emerging practice areas, and urges actuaries to use the Code of Professional Conduct and the resources of the Committee on Qualifications and the Actuarial Board for Counseling and Discipline. (Contingencies, July/August 2017) (July 1, 2017)
Making sure your continuing education (CE) is relevant involves completing and documenting 30 hours of CE each year, as required under the U.S. Qualification Standards (USQS). While there are many ways to earn CE, keep in mind it must be relevant to the actuarial services you provide to satisfy USQS requirements. (Actuarial Update, June 2017) (June 30, 2017)
What do the varied stages of life, and one’s professional career, mean for the practical application of professionalism principles to issues actuaries deal with in their everyday work? Joeff Williams, vice president, professionalism, and Committee on Qualifications Chairperson Keith Passwater look at these issues in the context of the Code of Professional Conduct and more. (Actuarial Update, May 2017) (May 31, 2017)
In Part 2 of the “Professionalism in Action” series, Academy President Bob Beuerlein explores actuary-to-actuary communications, including elements of Actuarial Standards of Practice (ASOPs) No. 1 and No. 41, Precepts 10 and 13 from the Actuarial Code of Professional Conduct, and the Actuarial Board for Counseling and Discipline’s request for guidance process. (Contingencies, May/June 2017) (May 1, 2017)
Wondering which actuarial standard of practice (ASOP) applies to a particular situation? Check the Applicability Guidelines, published by the Academy’s Council on Professionalism, which can help actuaries determine which ASOP applies to the task at hand, including those that apply to every assignment. (Actuarial Update, April 2017) (April 28, 2017)