Academy Resources

Browse our library of content, developed to support your professional growth and help you navigate the complexities of actuarial practice with confidence.

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Comment / Letter

Practice Councils Comment to ASB on ASOP No. 41

The Casualty Practice Council, Health Practice Council, and Retirement Practice Council sent comments to the Actuarial Standards Board (ASB) on the second exposure draft of Actuarial Standard of…
Date Published: 03/14/2025
Comment / Letter

Committees Comment to FASB on Agenda Request

The Financial Reporting Committee and the Life GAAP Reporting Committee sent an agenda request letter to the Financial Accounting Standards Board (FASB) encouraging FASB to consider a project… Download
Date Published: 02/04/2025
Resource

Applicability Guidelines for Actuarial Standards of Practice

Introduction to the Applicability Guidelines Actuarial Standards of Practice.  The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States… Download
Comment / Letter

Committees Comment to FASB on Financial Reporting Draft

The Financial Reporting Committee and the Life GAAP Reporting Committee sent a comment letter to the Financial Accounting Standards Board (FASB) on the exposure draft of Chapter 6: Measurement, of… Download
Date Published: 03/21/2024
Comment / Letter

COPLFR Comments to ASB on ASOP No. 36

The Committee on Property and Liability Financial Reporting, submitted a comment letter to the Actuarial Standards Board (ASB) on the second exposure draft of ASOP no. 36, Statements of Actuarial… Download
Date Published: 11/01/2023
Comment / Letter

ERM/ORSA Committee Comments to ASB on ERM ASOP Exposure Draft

The ERM/ORSA Committee’s comments submitted to the Actuarial Standards Board (ASB) in response to the request of the ASB’s Enterprise Risk Management Committee to provide written comments on the… Download
Comment / Letter

CPC Comments to ASB on ASOP No. 29

The Casualty Practice Council submitted a comment letter to the Actuarial Standards Board (ASB) on the second exposure draft of ASOP No. 29, Expense Provisions in Property/Casualty Insurance… Download
Date Published: 05/01/2023

Committee Releases White Paper on Long-Duration Targeted Improvements (LDTI)

The Life Financial Reporting Committee released a white paper, FASB Long-Duration Targeted Improvements—A Discussion of Enhanced Disclosures, which focuses on certain considerations in implementing… Download
Date Published: 03/09/2023
Comment / Letter

CPC Submits Comments to the ASB on ASOP 41

Comment letter from the Casualty Practice Council, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 41, Actuarial Communications. Download
Date Published: 11/01/2022
Comment / Letter

CPC Submits Comments to the ASB on ASOP 20

Comment letter from the Casualty Practice Council, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 20, Discounting of Property/Casualty Unpaid Claim Estimates. Download
Date Published: 09/30/2022
Comment / Letter

COPLFR Submits Comments to the ASB on ASOP 36

Comment letter from the Committee on Property and Liability Financial Reporting, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP 36, Statements of Actuarial Opinion… Download
Date Published: 09/29/2022
Comment / Letter

Casualty Practice Council Submits Comments to the ASB on ASOP 29

Comment letter from the Casualty Practice Council, submitted to the Actuarial Standards Board (ASB) on the exposure draft of ASOP No. 29, Expense Provisions. Download
Date Published: 05/31/2022

Life Practice Council Task Force Submits Comments to the ASB on ASOP 24

A Life Practice Council task force submitted comments to the Actuarial Standards Board (ASB) on the exposure draft of ASOP No. 24, Compliance with the NAIC Life Insurance Illustrations Model… Download
Date Published: 11/09/2021
Comment / Letter

Life Practice Council’s Task Force’s Comments to the ASB on ASOP 24

Life Practice Council’s Task Force’s Comments to the ASB on ASOP 24 Comments developed by a task force of the Life Practice Council to the Actuarial Standards Board (ASB) on the exposure draft of… Download
Date Published: 11/09/2021

Committee Comments on Future Standard-Setting Agenda of the FASB

The Pension Committee submitted comments in response to the Financial Accounting Standards Board’s (FASB) June 2021 solicitation of stakeholder feedback on its future standard-setting agenda. Download
Topics: ASB Retirement
Date Published: 09/22/2021
Comment / Letter

Comment Letter to FASB on Future Standard-Setting Agenda

Pension Committee comment letter responding to Financial Accounting Standards Board’s (FASB) June 2021 Invitation to Comment on its future standard-setting agenda.   Download
Topics: ASB Retirement
Date Published: 09/22/2021
Comment / Letter

HPC Comments to ASB on ASOP No. 22 Proposed Revision

The Health Practice Council’s Long-Term Care (LTC) Reform Subcommittee Task Force to Review ASOP No. 22 comments on the proposed revision of Actuarial Standard of Practice (ASOP) No. 22, Statements… Download
Date Published: 12/01/2020
Comment / Letter

Financial Reporting Committee and Life Financial Reporting Committee Comments to FASB

The Financial Reporting Committee and Life Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) regarding indexing and modco embedded derivatives.   Download
Date Published: 11/23/2020
Comment / Letter

Comments to ASB on ASOP No. 2 Proposed Revision

The Life Practice Council’s ASOP No. 2 Practice Note Task Force’s comments to the Actuarial Standards Board on the proposed revision of Actuarial Standard of Practice (ASOP) No. 2, Nonguaranteed… Download
Date Published: 11/13/2020

Financial Reporting Committee Letter to IASB

Financial Reporting letter on IASB exposure draft.   Download
Date Published: 09/25/2019
Comment / Letter

Council Comments to Actuarial Standards Board on Setting Assumptions

Health Practice Council comments in response to the Actuarial Standards Board’s (ASB) second exposure draft of a proposed actuarial standard of practice (ASOP) titled Setting Assumptions. Download
Date Published: 07/31/2019
Comment / Letter

LPC Comment Letter to ASB on ASOP Exposure

Life Practice Council comment letter to the Actuarial Standards Board on the second exposure draft of the proposed Actuarial Standard of Practice, Setting Assumptions.   Download
Date Published: 07/08/2019

Work Group White Paper on Estimating the Uncollectible Reinsurance Reserve for P/C Companies

Current Estimate Credit Losses Work Group white paper on the new FASB accounting requirement regarding uncollectible reinsurance.   Download
Date Published: 07/02/2019
Comment / Letter

Casualty Council Comments on Assumptions ASOP

The Academy’s Casualty Practice Council’s comments on the proposed revision of the ASOP on Assumptions. Download
Topics: ASB Casualty
Date Published: 07/01/2019

Academy Comments to ASB on Modeling ASOP

Pension Committee comment letter to ASB on fourth exposure draft of the Modeling ASOP.    Download
Topics: ASB Retirement
Date Published: 05/15/2019