The ERM/ORSA Committee submitted comments to the Actuarial Standards Board regarding the proposed revision of Actuarial Standard of Practice (ASOP) No. 7, Analysis of Life, Health, or Property/Casualty Insurance Cash Flow Risk.

The results of two recent business ethics surveys make for disheartening reading. The 2023 Global Business Ethics Survey found that pressure to compromise workplace standards and the law hit exceedingly high levels during the pandemic that have yet to recede, and that workplace misconduct is at an all-time high. One bright spot is that the reporting of observed misconduct is at a record high. What does all this have to do with actuaries?