Actuarial Standards Board Standard Of Practice 27

The Actuarial Standards Board releases Standards of Practice 27 regarding the selection of economic assumptions.

Document Excerpt

This version clarifies that economic assumptions can be based either on the actuary’s estimate of future experience or on the actuary’s observations of the estimates inherent in market data, depending upon the purpose of the measurement. 

Link http://www.actuarialstandardsboard.org/pdf/asops/asop027_172.pdf

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