Announcements - Current

For all life actuaries

Final Communication of a Promulgation of Calibration Criteria for Equity Investment Returns Referenced in the Standards of Practice for the Valuation of Insurance Contract Liabilities: Life and Health (Accident and Sickness) Insurance (Subsection 2370)

At its meeting on July 27, 2017, the Actuarial Standards Board (ASB) decided to promulgate the use of the calibration criteria for equity returns described below, effective October 28, 2017. The process being used to implement this is described in section E of the ASB’s Policy on Due Process for the Adoption of Standards of Practice.

The calibration criteria would be used for valuations on or after October 28, 2017, and early implementation in 2017 is permitted.

Announcement Number
August 3, 2017