The Actuarial Standards Board (ASB) of the American Academy of Actuaries released its 2024 Annual Report, which highlights the board’s accomplishments throughout the year, including adopting five revised actuarial standards of practices (ASOPs), approving seven exposure drafts for comment, and introducing ASOP No. 58, Enterprise Risk Management. In addition, the ASB continued development of six other new or revised ASOPs and approved a proposal to revise ASOP No. 1, Introductory Actuarial Standard of Practice.
