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  2. Performance-based regulation - Wikipedia

    en.wikipedia.org/wiki/Performance-based_regulation

    Performance-based regulation (PBR) is an approach to utility regulation designed to strengthen utility performance incentives. Thus defined, the term PBR is synonymous with incentive regulation. The two most common forms of PBR are award-penalty mechanisms (“APMs”) and multiyear rate plans (“MRPs”).

  3. Statutory reserve - Wikipedia

    en.wikipedia.org/wiki/Statutory_reserve

    This is in contrast to principles-based reserves, where actuaries are given latitude to use professional judgement in determining methodology and assumptions for reserve calculation. [1] In the United States, where formula-based reserves are used, the National Association of Insurance Commissioners plans to implement principles-based reserves ...

  4. Actuarial credentialing and exams - Wikipedia

    en.wikipedia.org/wiki/Actuarial_credentialing...

    The Society of Actuaries' requirements for Associateship (ASA) include passing 6 preliminary examinations (probability, financial mathematics, fundamentals of actuarial mathematics, statistics for risk modeling, predictive analytics, and one from either advanced long-term actuarial mathematics or advanced short-term actuarial mathematics ...

  5. American Academy of Actuaries - Wikipedia

    en.wikipedia.org/wiki/American_Academy_of_Actuaries

    In order to sign statements of actuarial opinion, an American actuary must be a Member, American Academy of Actuaries (M.A.A.A.). [2] The Academy membership requirements are: Membership in one of the following societies: Associate or Fellow of the Casualty Actuarial Society. Associate or Fellow of the Society of Actuaries.

  6. P/B ratio - Wikipedia

    en.wikipedia.org/wiki/P/B_ratio

    The price-to-book ratio, or P/B ratio, (also PBR) is a financial ratio used to compare a company's current market value to its book value (where book value is the value of all assets minus liabilities owned by a company). The calculation can be performed in two ways, but the result should be the same.

  7. American Society of Pension Professionals & Actuaries

    en.wikipedia.org/wiki/American_Society_of_Pension...

    ASPPA was founded in 1966 originally as an actuarial organization. Since then ASPPA has expanded and diversified its membership to include all types of pension professionals — from actuaries, consultants, and administrators to insurance professionals, financial planners, accountants, attorneys, and human resource managers.

  8. Actuary - Wikipedia

    en.wikipedia.org/wiki/Actuary

    An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. [1] These risks can affect both sides of the balance sheet and require asset management, liability management, and valuation skills. [2]

  9. Joint Board for the Enrollment of Actuaries - Wikipedia

    en.wikipedia.org/wiki/Joint_Board_for_the...

    The Joint Board for the Enrollment of Actuaries licenses actuaries to perform a variety of actuarial tasks required of pension plans in the United States by the Employee Retirement Income Security Act of 1974 (ERISA).