Yearly Archives: 2013

JASPER HENDRIK T. CHENG

Some people say that for Jasper, exams are a piece of cake. At the age of 27, he already had the CFA charter and the FSA designation to his name. However, not many people know that he also claims to hold the record for being the ASP's biggest exam fee contributor, having already sat for 26 ASP exams (aside from 14 SOA exams, 12 LOMA exams and 3 ...

ASP announces Exam P Review Session

The ASP will be holding a two-part review seminar this coming May 2nd and 4th covering the SOA's Exam P.  The seminar will walk through key points of the exam syllabus and will be administered by two ASP members who have recently passed the exam. Interested parties may click here to view the invitation and registration form. Please ensure that ...

Letter to Fellows released regarding IC Circular Letter No. 23-2012 on the Valuation of Transitory Pre-Need Reserves

On November 28, 2012, the Insurance Commission released a circular to all pre-need companies regarding the Valuation of Transitory Pre-Need Reserves. To quote the circular, it was released "in order to provide leeway for old basket plans, previously approved by the SEC". Transitory Pre-Need Reserve guidelines and transitory discount interest rates ...

February 2013 Membership Banns Released

Last February 18th, the Actuarial Society of the Philippines released the latest membership banns. It has been a busy season for ASP Membership Committee Chairman, Peter C. Darvin as member applications reached 30 - 2 Fellows, 4 Associates and 24 Affiliates. Of the 24 new Affiliates, 16 hail from the Towers Watson Team. New Fellows Kerwin ...

Senate Bill 3280 on the Insurance Code Approved

Last February 4th, Senate Bill 3280 (House Bill 4867) was approved on its third reading. A bicameral committee composed of Congressmen Apostol, Romarate, Mandanas and Villafuerte and Senators Osmena, Lacson and Pangilinan convened the following day and agreed on a reconciled version of the senate and house bills thereby paving the way for the ...

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