Morning with Meep – ASOP 56 – Modeling

Description:

I take a look at the Actuarial Standard of Practice 56: Modeling — in effect as of October 2020.

Links: Keep Up With the Standards: On ASOP 56, Modeling

https://www.soa.org/sections/modeling/modeling-newsletter/2021/april/mp-2021-04-campbell/

ASOP 56: Modeling

http://www.actuarialstandardsboard.org/asops/modeling-3/

Author(s): Mary Pat Campbell

Publication Date: 3 May 2021

Publication Site: Meep’s Math Matters at Youtube

Actuarial Standards Board 2020 Annual Report

Link: http://www.actuarialstandardsboard.org/wp-content/uploads/2021/03/asb2020Annual.pdf

Excerpt:

The Pension Committee, chaired by David Kausch, continued work on ASOP No. 27,
Selection of Economic Assumptions for Measuring Pension Obligations, and ASOP No. 35,
Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension
Obligations. The ASB adopted both revisions in June.


The Pension Committee also continued its work on ASOP No. 4, Measuring Pension
Obligations and Determining Pension Plan Costs or Contributions.

Date Accessed: 27 March 2021

Publication Site: Actuarial Standards Board