Academy Resources
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Practice Note
COPLFR FAQs Document Addresses Wildfires Issues
A new document from the Committee on Property and Liability Financial Reporting (COPLFR) addresses issues raised by the recent Los Angeles wildfires. The Supplement to the 2024 COPLFR Practice… DownloadDate Published: 02/07/2025
Practice Note
Life Subcommittee Releases ASOP No. 2 Practice Note
The Life Practice Council’s Non-Guaranteed Elements Subcommittee released a public policy practice note, Actuarial Standard of Practice (ASOP) No. 2: Non-Guaranteed Elements for Life and Annuity… Download
Topics: Public Policy
Date Published: 01/10/2025
Practice Note
Statements of Actuarial Opinion On Property and Casualty Loss Reserves (2024)
The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2024), including discussion regarding changes in the NAIC Annual… DownloadDate Published: 12/27/2024
Practice Note
Asset Adequacy Analysis (updated for 2024)
This update of the 2017 Asset Adequacy Analysis practice note by the Academy’s Life Valuation Committee provides assistance to actuaries who are faced with the requirement of asset adequacy… DownloadDate Published: 12/24/2024
Practice Note
Work Group Releases Liquidity Risk Practice Note
The Liquidity Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note Liquidity Risk, a revision to a previous practice note published in 2000. The… DownloadDate Published: 02/14/2024
Practice Note
Public Plans Committee Practice Note on Service Purchase
The Public Plans Committee released Introduction to Service Purchases for Public Pension Plans, a practice note considering a variety of service purchase programs that can be found across public… Download
Topics: Retirement
Date Published: 02/02/2024
Practice Note
Application of ASU 2018-12 to the Accounting for Long-Duration Contracts under U.S. GAAP
The Long-Duration Contracts Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note , which covers aspects of the application of Accounting Standards… DownloadDate Published: 12/27/2023
Practice Note
Statements of Actuarial Opinion on P/C Loss Reserves (2023)
The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2023), including discussion regarding changes in the NAIC Annual… DownloadDate Published: 12/14/2023
Practice Note
Selecting and Documenting Pension Assumptions Other Than Discount Rate, Investment Return, and Mortality
Pension Committee practice note, , updating a 2009 practice note, revised to reflect updated actuarial standards of practice (ASOPs), including changes in ASOP Nos. 27 and 35 that are effective for… DownloadDate Published: 06/21/2023
Practice Note
Public Plans Committee Practice Note on Fixed Rate Pension Funding
Practice note providing information to actuaries on current and emerging ideas for working with public defined benefit pension plans that use fixed rate funding. DownloadDate Published: 02/09/2023
Practice Note
Committee Finalizes Practice Note on Modeling for Pension Actuaries
The Pension Committee updated and finalized a previously exposed draft public policy practice note providing background and ideas about how a pension actuary might comply with ASOP No. DownloadDate Published: 01/19/2023
Practice Note
Practice Note on Modeling for Pension Actuaries
Pension Committee public policy practice note providing background and ideas about how a pension actuary might comply with ASOP No. 56, Modeling. DownloadDate Published: 01/19/2023
Practice Note
Selecting and Documenting Mortality Assumptions for Pensions
Pension Committee public policy practice note, Selecting and Documenting Mortality Assumptions for Measuring Pension Obligations, updating a 2015 practice note, revised to reflect updated Actuarial… DownloadDate Published: 01/19/2023
Policy Paper
Committee Releases White Paper on Considerations in Market Risk Benefits
The Life Financial Reporting Committee released a white paper, Considerations in Market Risk Benefits, that focuses on identification, valuation, and financial reporting of market risk benefits; a… DownloadDate Published: 12/21/2022
Practice Note
The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2022), including discussion regarding changes in the NAIC Annual… Download
Statements of Actuarial Opinion on P/C Loss Reserves (2022)
Date Published: 12/20/2022
Practice Note
Practice Note on Difficult-to-Value Provisions of Defined Benefit Plans
Pension Committee Practice Note on Measuring Pension Obligations for Difficult-to-Value Plan Provisions. Download
Topics: Retirement
Date Published: 12/09/2022
Practice Note
Risk Transfer Practice Note
The Committee on Property and Liability Financial Reporting (COPLFR) released the update to the Risk Transfer Practice Note (last updated in 2007). The Risk Transfer Practice Note includes… DownloadDate Published: 11/04/2022
Practice Note
Work Group Releases Practice Note on Long-Term Care Insurance Combination Product Valuation
The Academy’s Life Long-Term Care Combo Product Valuation Practice Note Work Group released Long-Term Care Insurance Combination Product Valuation, a practice note to that addresses the application…Date Published: 04/20/2022
Comment / Letter
Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement
The Academy’s Variable Annuity Reserves and Capital Work Group’s VM-21 Practice Note Supplement, Implementation of Requirements for Principle-Based Reserves for Variable Annuities – 2022 Edition… Download
Topics: Annuities
Date Published: 02/14/2022
Practice Note
Statements of Actuarial Opinion on P/C Loss Reserves (2021)
The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2021), including discussion regarding changes in the NAIC Annual… DownloadDate Published: 12/17/2021
Practice Note
Life Illustrations Work Group Updates Life Insurance Illustrations Practice Note
The Life Illustrations Work Group’s updated practice note is revised to better reflect current practices actuaries are using when complying with ASOP No. 24, Compliance with the NAIC Life Insurance… DownloadDate Published: 09/08/2021
Practice Note
Financial Reporting Committee First Exposure Draft of a Public Policy Practice Note on Application of ASU 2018-12
Exposure draft of a public policy practice note of the Long-Duration Contracts Work Group of the Financial Reporting Committee on the Application of Accounting Standards Update 2018-12, Targeted… DownloadDate Published: 07/27/2021
Practice Note
Long-Term Care Insurance Practice Note
Long-Term Care (LTC) Practice Note Work Group’s Long-Term Care Insurance public policy practice note to provide a source of information to practicing long-term care (LTC) actuaries seeking to… DownloadDate Published: 05/14/2021
Comment / Letter
Proposed Actuarial Standard of Practice (ASOP) on Setting Assumptions
Proposed Actuarial Standard of Practice (ASOP) on Setting AssumptionsThe Academy’s Casualty Practice Council submitted comments to the Actuarial Standards Board regarding the setting assumptions…Date Published: 04/15/2021
Practice Note
ASOP No. 6 Practice Note on Valuing Retiree Health Benefit Plans
ASOP No. 6 Practice Note on Valuing Retiree Health Benefit Plans The ASOP No. 6 Practice Note Work Group’s ASOP No. 6—Development of Age-Specific Retiree Health Cost Assumptions, Including… DownloadDate Published: 03/15/2021