Disclosure in the Real World: ASOP No. 41 Case Studies

June 26, 2014
12:00-1:30 p.m. EDT

This interactive webinar covered disclosure requirements applicable to actuaries under ASOP No. 41: Actuarial Communications and related requirements. Panelists discussed the broad application of standards of practice including ASOP No. 41 in various practice areas. Audience members had the chance to explore issues and implications of ASOP No. 41 and related requirements on a number of subjects, including basic requirements for actuarial communications, required disclosures, and dealing with specific circumstances.

Speakers presented case studies that illustrated common dilemmas facing actuaries in their daily work.



Patricia Matson, MAAA, FSA 

Tricia is the Chairperson of the Actuarial Standards Board, a member of the Academy’s Council on Professionalism, Chairperson of the Academy’s Own Risk and Solvency Assessment (ORSA) Subgroup, and serves on several other Academy committees related to financial reporting, risk-based capital, and risk management. She has spent over 20 years in the insurance industry in a diverse range of roles. Currently, she is an actuarial director with a leading risk and regulatory consulting firm where she coordinates, manages and leads a team providing all aspects of individual and group life and health insurance. Previously, she was vice president of enterprise risk management at a prominent mutual life insurance company. In this role, Tricia was responsible for leading the design, building and implementation of enterprise wide economic value and economic capital framework and was involved in the development of the company’s ORSA report. Before that, she was a principal at a large consulting firm.

Al currently serves as a regular director on the Academy’s board of directors. Previously Al served as Chairperson and Vice-chairperson of the Actuarial Standards Board, and member of the Council on Professionalism. Al has 40 years of experience in the actuarial field, including in executive positions, leadership roles at actuarial professional organizations, and academia. Currently, he serves as professor of Risk Management, Insurance and Actuarial Science at St. John’s University in New York City. He is Trustee Emeritus of the Actuarial Foundation and serves on the Actuarial Standards Committee of the International Actuarial Association. He served as executive vice president of a major corporation providing property and casualty reinsurance in the United States and as a principal of one of the world's largest actuarial practices focused on insurance, specializing in risk management and actuarial consulting. In 1995, he served as president of the Casualty Actuarial Society.


Sheila J. Kalkunte, Assistant General Counsel, American Academy of Actuaries

*The opinions expressed by the panelists during this presentation do not represent the opinions of any of the panelists’ employers or any boards or committees of the Academy or the Actuarial Standards Board.

This webinar was presented by the Academy's Council on Professionalism and co-sponsored by the American Society of Pension Professionals and Actuaries, Casualty Actuarial Society, Conference of Consulting Actuaries, and Society of Actuaries.


The American Academy of Actuaries believes in good faith that your attendance at this live professionalism webinar, “Disclosure in the Real World:  ASOP No. 41 Case Studies,” constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.

The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.
If you are an enrolled actuary, the Academy believes in good faith that your attendance at this live webinar may earn you 1.8 CPE core ethics credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes appropriate CPE including core and non-core, ethics or non-ethics, continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar ONLY, instructions will be given to attendees on the process for obtaining certificates of attendance

NOTE ON JBEA CE CERTIFICATE OF ATTENDANCE:  You will not be able to receive a certificate of attendance for listening to any recorded webinars.  In order to receive a JBEA CE Certificate of Attendance you must attend the live event, follow the instructions provided during the live event, and request your certificate by completing the online form within 30 days of attending the live event.
To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present at your webinar location, according to the JBEA regulations.

  • For more information about this webinar, contact Doreen Hoyle at 202-223-8196 or hoyle@actuary.org.