Yes, there is an actual
movie called Sharknado. It stars a talented cast led by Tara Reid. It’s getting a bunch of attention lately.
Some of that attention
has reached P&C actuaries.
Thursday, July 18, 2013
Wednesday, July 17, 2013
Introduction to ASOPs Says Promotion is Past Due
Recently the AAA held a
webcast to discuss the recent revision to Actuarial Standards of Practice
(ASOPs) where they announced that introduction to the ASOPs would henceforth be
an official numbered standard.
Now, officially ASOP 1,
the former introduction, while proud of the accolade, feels like it has been a
long time coming.
“I mean, really, you
couldn’t have the remaining ASOPs without me.
People think defining terms is inconsequential, but just ask any lawyer
how important definitions are.”
The introduction began
its career in 1989 as a preface. Its new rank bumped ASOP 1 to ASOP 2. The former ASOP 1 declined to comment.
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