Maintenance: The SOA will be performing scheduled maintenance of our Actuarial Directory and Explorer servers on Thursday, April 25th, 2024 from 5:00 AM to 9:00 AM CT.
The actuarial profession now has an official definition of a model with the introduction of ASOP 56. In this session, the presenters will examine how the definition of the model has expanded and what it means for our daily work as modelers. Have your modeling practices complied with ASOP 56 since it was drafted? What new practices will you need to put in place to work in accordance with the new ASOP? These questions will be addressed as we delve into ASOP 56 and how it applies to modeling and the processes that support it.
At the conclusion of the session, attendees will be able to:
• Interpret ASOP 56 as it applies to daily work
• Identify areas of current processes that could be enhanced to better comply with ASOP 56