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RECENT ACADEMY ACTIVITY | | |
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Only have a minute? Catch up on this week’s professionalism top stories with the latest “This Week … In a Minute” video. Subscribe to our YouTube channel to receive alerts as they are released. | |
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This Week—A Focus on Professionalism | | |
ASB Approves a Third Exposure Draft of ASOP No. 41 |
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The Actuarial Standards Board approved a third exposure draft of a proposed revision of Actuarial Standard of Practice (ASOP) No. 41, Actuarial Communications. This ASOP applies to actuaries when issuing actuarial communications in any form within any practice area, but does not apply when issuing a communication that does not include the rendering of actuarial services. | | | |
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A second exposure draft was released in December 2024, in which 28 comment letters were received by the ASB, which it considered in making changes reflected in the new draft. Notable changes made include adding guidance to the scope to reflect guidance found in other general ASOPs addressing conflicts with practice-area ASOPs; and revising section 4 to expand discussion of disclosures. The comment deadline is June 1. Information on how to submit comments can be found on page 3 of the exposure draft.
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ASB Approves ASOP No. 6 Exposure Draft | | |
Professionalism Counts—Qualifications, Integrity, and You The latest Professionalism Counts continues its yearlong series marking 25 years of the Code of Professional Conduct with “Qualifications, Integrity, and You,” offering a look at the history and subsequent updates to the Code, and evolving qualification standards.
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Next Week—Spring Policy Summit to Include Professionalism Panel The Academy’s March 9 Spring Policy Summit in the nation’s capital will include an actuarial professionalism panel moderated by Immediate Past President Darrell Knapp. Panelists include Past President Lisa Slotznick discussing the Committee on Qualifications; Tim Geddes, a member of the Actuarial Board for Counseling and Discipline, addressing the profession’s discipline process; and Dave Heppen, an ASB member, speaking on the ASB and its standard-setting process. ▶ Livestream Option—Can’t make it to Washington? The summit has a livestream option. Register here.
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Professionalism Resources Available |
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Take advantage of the Academy’s many professionalism resources available to members. They include the Applicability Guidelines for Actuarial Standards of Practice, and papers on explaining professionalism to principals and the application of professional standards in international practice. Visit the Professionalism Resources webpage. ▶ Speakers Bureau—Looking for a professionalism speaker for an actuarial club or event? The Academy can provide qualified speakers on professionalism (and public policy) to actuarial clubs, employers, and educational entities. Visit the Academy Speakers Bureau. ▶ ASB Boxscore—Look for Boxscore, the newsletter of the ASB, coming soon to your inbox. See Boxscore on the ASB website. | | | |
Around the Academy Contingencies Covers Cyber Risk, Insurance Pricing Fairness | | |
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The March/April Contingencies leads with the impact of extreme cyber risks and the need for insurers, risk managers, and policymakers to act in a timely manner. Other articles examine fairness in insurance pricing; share Academy volunteers’ experience with Hill visits; and feature a Job Seeker supplement with articles on how actuarial skills open doors to nontraditional careers and how AI is reshaping the structure of the profession. On the professionalism side, in an Up to Code column, Academy Professionalism & Education Vice President Nancy Behrens writes on “Perspectives from the ABCD—A Show of Hands.”
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Public Employment Opportunity The U.S. Department of Defense (DOD) Office of the Actuary is seeking an actuary to work in its Alexandria, Va., office. The office provides actuarial expertise on all matters relating to military compensation and benefits. This role is responsible for providing expert advice and assistance to DOD’s chief actuary on all actuarial matters bearing on military personnel benefit programs; and applying professional actuarial principles and techniques in the analysis, evaluation, and projection of data with emphasis on pension, survivor benefits, retiree health care, education benefits, and employee benefit plans. |
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The job notice is open through next Friday, March 13. For more information and to apply, visit USAJobs. | | | | |
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