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
The Code identifies the professional and ethical standards required of actuaries who practice in the United States.
 
Qualification Standards
U.S. Qualification Standards define the basic and continuing education and experience requirements for issuing actuarial opinions.
 
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
An archive of webinars on professionalism topics including U.S. Qualifications Standards, the Code of Conduct, and Actuarial Standards of Practice.
 
Professionalism Discussion Papers
Read papers on actuarial professionalism, standards of conduct, qualification, and practice.
 
Applicability Guidelines
Guidelines on which ASOPs might apply to actuarial assignments.
 
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 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
Members of the Academy may order a complimentary pocket-sized copy of the Code by logging into your member account here.
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Professionalism News & Events

Celebrating 30 years of the Actuarial Standards Board (ASB), the “Professionalism Counts” column, written by ASB Chairperson Beth Fitzgerald, incoming 2019 Chairperson Kathleen Riley, and Vice Chairperson Maryellen Coggins, recaps some of the ASB’s many accomplishments and invites actuaries to become involved by volunteering for ASB-related professionalism activities and promoting use of the actuarial standards of practice. (Actuarial UpdateOctober 2018) (October 31, 2018)
More than 2,700 people attended the Oct. 17 professionalism webinar, “The Anatomy of the ASOPs,” in which presenters examined issues related to the actuarial standards of practice (ASOPs) promulgated by the Actuarial Standards Board (ASB). Presenters ASB Chairperson Beth Fitzgerald, Vice Chairperson Kathy Riley, and member Cande Olsen explained the key concepts that help keep actuarial practice appropriate and compliant with the Code of Professional Conduct. The presenters covered how ASOPs are developed, key terms that apply to all ASOPs, and actuarial communications. Look for more coverage in the forthcoming October Actuarial Update. Slides and audio are available free to Academy members. (October 17, 2018)
Actuarial Standards Board (ASB) Vice Chairperson Kathleen Riley writes in the September “Professionalism Counts” column on actuarial standards of practice (ASOPs) and the exposure process that the ASB utilizes a robust and transparent exposure process, which is necessary to develop ASOPs that serve both the actuarial profession and the public. (Actuarial UpdateSeptember 2018) (September 29, 2018)
In his article for Contingencies, “Taking Aim,” D. Joeff Williams, chairperson of the Council on Professionalism, Academy’s vice president for professionalism, and president-elect designee of the Academy, discusses actuarial professionalism and the challenge of engagement. (Contingencies, September/October 2018) (September 1, 2018)
In his President’s Message for Contingencies, “The Academy as the Fulcrum of Self-Regulation,” Academy President Steve Alpert discusses the Academy’s central mission of maintaining and strengthening self-regulation in the actuarial profession. (ContingenciesSeptember/October 2018) (September 1, 2018)
The Academy’s Council on Professionalism maintains an online tool to help practicing actuaries stay abreast of actuarial standards of practice (ASOPs). The Applicability Guidelines can help actuaries initiate an analysis of which ASOPs may be applicable to particular assignments and to keep current with new and revised ASOPs. (Actuarial UpdateAugust 2018) (August 31, 2018)
The July “Professionalism Counts” column, written by current members of the Committee on Qualifications, looks at the U.S. Qualification Standards 10 years after the current version came into effect in 2008. (Actuarial Update, July 2018) (July 31, 2018)
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)
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)
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)