The Actuarial Standards Board’s (ASB) 2015 Annual Report is now available. The report highlights the ASB’s accomplishments in 2015, including adoption of two new actuarial standards of practice (ASOPs), including its 50^th ASOP, and one revised ASOP, approval of four exposure drafts for comment, and approval of four proposals for new or revised ASOPs.

The Actuarial Board for Counseling and Discipline’s (ABCD) 2015 Annual Report is now available. The report highlights the ABCD’s accomplishments in 2015. The ABCD handled 125 cases, comprised of 96 Requests for Guidance (RFGs) and 29 inquiries. The 96 RFGs were the most ever in a year. As of December 31, 2015, the ABCD had 14 inquiries in progress and had completed 15 inquiries during the year. 

The Actuarial Board for Counseling and Discipline’s (ABCD) 2016 Annual Report is now available. The report highlights the ABCD’s accomplishments in 2016. The ABCD handled 141 cases, comprised of 108 requests for guidance (RFGs) and 33 inquiries. It provided guidance in response to the 108 RFGs, which broke the record for most in a year that had been set in 2015, and closed 14 inquiry cases. 

The Life Reserves Work Group submitted comments on two National Association of Insurance Commissioners' (NAIC) Life Actuarial Task Force proposed amendments to VM-20 – one comment letter related to additional definitions and the other comment letter related to proposed ch

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)