Professionalism

The Council on Professionalism encourages actuaries to achieve and maintain a high level of professionalism in their practice. It coordinates its activities with two boards that operate independently and serve the U.S. profession: the ASB and the ABCD. Joeff Williams is the Academy's vice president for professionalism issues.
 
Actuarial Code of Professional Conduct
Code of Professional Conduct
The Code identifies the professional and ethical standards required of actuaries who practice in the United States.
 
Qualification Standards
U.S. Qualification Standards
U.S. Qualification Standards define the basic and continuing education and experience requirements for issuing actuarial opinions.
 
Actuarial Standards of Practice
Actuarial Standards of Practice
ASOPs provide guidance on the techniques, applications, procedures, and methods that reflect appropriate actuarial practices in the United States.
 
Professionalism Webinars
Professionalism Webinars
An archive of webinars on professionalism topics including U.S. Qualifications Standards, the Code of Conduct, and Actuarial Standards of Practice.
 
Professionalism Discussion Papers
Professionalism Discussion Papers
Read papers on actuarial professionalism, standards of conduct, qualification, and practice.
 
Applicability Guidelines
Applicability Guidelines
Guidelines on which ASOPs might apply to actuarial assignments.
 
Professionalism and the Practicing Actuary
Professionalism and the Practicing Actuary
Get an overview of the Code of Professional Conduct, the U.S. Qualification Standards, Actuarial Standards of Practice, and the Actuarial Board for Counseling and Discipline.
 
Applicability Guidelines
Request a Professionalism Speaker
Request one of the Academy’s experienced and knowledgeable speakers who have volunteered to share their expertise on actuarial professionalism.
Order a Copy of the Code of Professional Conduct
Order a Copy of the Code of Professional Conduct
Members of the Academy may order a complimentary pocket-sized copy of the Code by logging into your member account here.
Mobile-Friendly ASB Site
Mobile-Friendly ASB Site
For instructions on adding an icon to your handheld device that directly links to the ASB’s mobile responsive website, click here.

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Professionalism News & Events

Professionalism: Our Ongoing Conversation with the Public
In “Professionalism: Our Ongoing Conversation With the Public,” Academy President Steve Alpert writes about professionalism’s broader context regarding how actuaries’ daily work benefits the public, drawing on more than two centuries of the profession’s dialog with the public. (Contingencies, July/August 2018) (July 1, 2018)

Professionalism Counts, June 2018
In “Self-Regulation of the U.S. Actuarial Profession: A Model for the World,” Academy Past President Cecil Bykerk writes about his recent experience at the International Congress of Actuaries in Berlin. (Actuarial Update, June 2018) (June 29, 2018)

Professionalism Webinar: The Code of Professional Conduct—Learning from the Mistakes of Others
More than 2,000 people attended the Academy’s June 18 professionalism webinar, “The Code of Professional Conduct—Learning From the Mistakes of Others,” which walked attendees through mistakes that have landed actuaries on the wrong side of the Code, and offered insight on the Code’s key precepts. (Actuarial Update, June 2018) (June 29, 2018)

Professionalism Counts, May 2018
In “An SAO by Any Other Name,” Committee on Qualifications Chairperson Andrea Sweeny spells out why any actuary who is subject to the Code of Professional Conduct should clearly understand what a statement of actuarial opinion is. (Actuarial Update, May 2018) (May 31, 2018)

Professionalism Outreach, May 2018
Academy President Steve Alpert presented a session titled “Why Professionalism?” to about 100 attendees at the Actuaries Club of Philadelphia’s meeting on May 15, and Actuarial Board for Counseling and Discipline member David Driscoll delivered a professionalism presentation at the May 22 meeting of the Actuaries’ Club of Hartford & Springfield, in Hartford, Conn. (Actuarial Update, May 2018) (May 31, 2018)

Professionalism Counts, April 2018
Wondering about the differences between the continuing education requirements of the U.S. Qualification Standards (USQS) and the continuing professional development requirements of other actuarial organizations? It is important for actuaries to understand the difference, and the Academy has created useful tools to help actuaries document their compliance with the USQS. (Actuarial Update, April 2018) (April 30, 2018)

Professionalism Outreach Efforts Feature Current, Past Academy Presidents
The Academy’s president, Steve Alpert, and immediate past president, Bob Beuerlein, led April’s professionalism outreach efforts, sharing their insight with hundreds of actuarial science students about professionalism and the profession. (Actuarial Update, April 2018) (April 30, 2018)

Professionalism Counts, March 2018
The Academy’s professionalism webinars—typically four per year—offer expertise on a range of professionalism topics across all practice areas, and insight from members of the Committee on Qualifications, Actuarial Standards Board, Actuarial Board for Counseling and Discipline, and other distinguished speakers from Academy boards and committees. (Actuarial Update, March 2018) (March 31, 2018)

Professionalism Webinar: A Guided Tour of the USQS
More than 2,200 people attended the Academy’s March professionalism webinar, “A Guided Tour of the U.S. Qualification Standards,” which took an in-depth look at issues and commonly raised questions received by the Committee on Qualifications. COQ members Tom Campbell, Keith Passwater, and Hal Tepfer engaged in a lively discussion of the experience requirement, what counts as a statement of actuarial opinion, the “look in the mirror” test, and more. (Actuarial Update, March 2018) (March 31, 2018)

Professionalism Counts, February 2018
In “Disclosure: The Cornerstone of the ASOPs’ Strength,” Actuarial Standards Board (ASB) Chairperson Beth Fitzgerald outlines the ASB’s process in developing actuarial standards of practice (ASOPs) and the ASB’s role in what disclosures actuaries will need to make to comply with an ASOP, and specifically notes the importance of ASOP No. 41, Actuarial Communications. (Actuarial Update, February 2018) (February 28, 2018)
ALL PROFESSIONALISM NEWS and EVENTS >>