Welcome to the website of the Actuarial Standards Oversight Council (ASOC), designed to answer your questions about the council’s activities, meetings and members.
ASOC was formed in 2007 by the Canadian Institute of Actuaries (CIA) in line with the Institute’s Guiding Principle 1, which says that it holds the actuarial profession’s duty to the public above the needs of the profession and its members.
In the interest of the public, Canada’s actuarial standards must be regularly reviewed to incorporate technical, financial, environmental and legislative changes. They are established by the Actuarial Standards Board (ASB), and ASOC’s role is to ensure that the development and review of those standards meets the public interest. It must make sure that the process is objective and viewed as independent from any conflicts and pressures.
The ASB’s standard-setters face many complex and diverse issues. The members of ASOC are highly experienced financial professionals with diverse backgrounds that bring a broad perspective, from the point of view of users and the public, to the strategic plans of the ASB.
Providing independent oversight of and input to the ASB, ASOC’s members lend their expertise and time to serve the public interest.
We encourage any comments or questions you may have about our activities and invite your input.
Actuarial Standards Oversight Council