Risk Management & Financial Reporting
The Academy’s Risk Management and Financial Reporting Council (RMFRC) serves as a trusted source for objective technical insights, and guidance for policymakers and regulators.
RMFRC is dedicated to illuminating decisions and redefining the standards of excellence in the ever-evolving world of Risk and Finance.
Additional Consideration in Data Science
A series of issue briefs providing a more complete, contextual view of important topics that arise in data science.
Explore
Big Data
Academy resources on analyzing vast datasets using advanced computational methods to uncover trends, patterns, and associations.
Explore
Enterprise Risk Management
Issues related to ERM encompassing property/casualty, life, and health actuarial practice areas.
Explore
Federal Insurance Regulation/Systemic Risk
Regulation of insurance by the federal government or as a systemic risk to the economy.
Explore
Financial Reporting/International Accounting
Global financial reporting issues that affect multiple areas of actuarial practice.
Explore
Solvency/Reinsurance
Solvency, risk management, and reinsurance issues impacting various actuarial practices globally.
Explore
Risk Management & Financial Reporting News
Uncategorized
ASB Approves Third Exposure of Proposed ASOP on Estimating Future Costs
The ASB recently approved a third exposure draft of a proposed new actuarial standard of practice (ASOP) titled Estimating Future Costs for Prospective Property/Casualty Risk Transfer and Risk…
Topics: ASB News
Date Published: 02/08/2017
Read More
Uncategorized
ASB Adopts Final Revision of ASOP No. 23
The ASB recently adopted a final revision of Actuarial Standard of Practice (ASOP) No. 23, Data Quality. The ASOP provides guidance to actuaries when selecting data, performing a review of data,…
Topics: ASB News
Date Published: 01/18/2017
Read More
Uncategorized
ASB Adopts Final Revision of ASOP No. 24
The ASB recently adopted a final revision of ASOP No. 24, Compliance with the NAIC Life Insurance Illustrations Model Regulation. The ASOP provides guidance to actuaries when performing professional…
Topics: ASB News
Date Published: 01/06/2017
Read More
Filter by
Risk Management & Financial Reporting Resources
Practice Note
Work Group Releases Liquidity Risk Practice Note
The Liquidity Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note Liquidity Risk, a revision to a previous practice note published in 2000. The…
Practice Note
Application of ASU 2018-12 to the Accounting for Long-Duration Contracts under U.S. GAAP
The Long-Duration Contracts Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note , which covers aspects of the application of Accounting Standards…
Practice Note
Financial Reporting Committee First Exposure Draft of a Public Policy Practice Note on Application of ASU 2018-12
Exposure draft of a public policy practice note of the Long-Duration Contracts Work Group of the Financial Reporting Committee on the Application of Accounting Standards Update 2018-12, Targeted…
Practice Note