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. Art Panighetti 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

Promoting actuarial professionalism is essential to the Academy’s mission. Our speakers bureau has had significant success in providing professionalism education across the United States—to actuarial clubs, large employers, and university venues to deepen the understanding of what “professionalism” means in our self-regulating profession. (Actuarial Update, March 2019) (March 31, 2019)
The Actuarial Standards Board has released a fourth exposure draft of a proposed new actuarial standard of practice (ASOP) titled Modeling. The proposed ASOP will provide guidance to actuaries in any practice area when performing actuarial services with respect to designing, developing, selecting, modifying, or using all types of models. (Actuarial Update, February 2019) (February 28, 2019)
Academy volunteers and interested parties must provide annual acknowledgement of their commitment to objectivity and the Academy’s Conflict of Interest (COI) Policy and continuing education requirements, writes Art Panighetti, vice president of the Council on Professionalism. (Actuarial Update, January 2019) (January 31, 2019)
In a Q&A, outgoing Actuarial Board for Counseling and Discipline (ABCD) Chairperson Rick Block discusses the changes he has seen in six years on the board, including the past two as chairperson, and how the ABCD’s investigative and request for guidance processes work. (Actuarial Update, December 2018) (December 31, 2018)
The November “Professionalism Counts” column looks at the continuing education (CE) requirements under the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (the USQS) that apply to all actuaries in the U.S. that issue SAOs, and most do. (Actuarial Update, November 2018) (November 30, 2018)
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)