Risk Management and Financial Reporting Council
The Risk Management and Financial Reporting Council oversees the Academy’s work on domestic and international financial reporting and risk management issues. It also coordinates Academy work affecting multiple areas of actuarial practice and serves as a liaison to public policy-makers, the financial community, and insurance industry representatives on these issues.
Staff Liaison:
Will Behnke
Chairperson:
William Jones
Members:
Dorothy Andrews
Rowen Bell
Charles Ford
Dana Hunt
Jeffrey Johnson
Kenneth Kasner
Gareth Kennedy
Warren Manners
Patricia Matson
Marc Oberholtzer
Peter Ott
Kirsten Pedersen
Jason Pessel
Randall Stevenson
Kyle Stolarz
Rowen Bell
Charles Ford
Dana Hunt
Jeffrey Johnson
Kenneth Kasner
Gareth Kennedy
Warren Manners
Patricia Matson
Marc Oberholtzer
Peter Ott
Kirsten Pedersen
Jason Pessel
Randall Stevenson
Kyle Stolarz
Related Publications
Comments on Reinsurance Thresholds in the Disclosure of Material Transactions Model Act #285
The Reinsurance Work Group submitted comments in response to the NAIC Financial Condition (E) Committee's memorandum of Model Act #285.Date Published: 09/30/2026
Read More
Comment Letter to NAIC on Reinsurance Recapture
The Reinsurance Work Group submitted comments in response to the NAIC Life Risk-Based Capital (E) Working Group's referral on developing a reinsurance recapture RBC factor.
Topics: Reinsurance Risk-Based Capital
Date Published: 09/30/2026
Read More
Comments on RBC Gaps and Inconsistencies Exposure
The Cross-Practice RBC Task Force commented on the NAIC's RBC Model Governance (EX) Task Force exposure of potential gaps and inconsistencies for prioritization. The Academy included a summary of...Date Published: 09/29/2026
Read More
Possible Structure Exposure Comment Letter
Leadership from RBC-related Academy committees provided some priority considerations in response to an NAIC RBC Model Governance (EX) Task Force exposure on proposed RBC oversight structures.
Topics: NAIC Risk-Based Capital
Date Published: 09/29/2026
Read More
AI Use Cases in Insurance and Pension
An AI, Data Science, and Analytics Committee (formerly the Data Science and Analytics Committee) issue brief, AI Use Cases in Insurance and Pension, explores the expanding range of applications...
Topics: Artificial Intelligence Public Policy
Date Published: 06/11/2026
Read More
Exposure of Proposed RBC Preamble Revisions Comment Letter
The Cross-Practice RBC Task Force submitted comments on the NAIC's exposure of proposed revisions to the RBC Preamble.
Topics: NAIC Risk-Based Capital
Date Published: 06/08/2026
Read More
Climate Change Joint Committee Presentation at CAS Spring Meeting
Seong-min Eom, Dorothy Andrews, and Nate Luketin from the Climate Change Joint Committee presented a session titled, “When the Climate Changes the Odds: Actuarial Insights from Attribution...Date Published: 05/05/2026
Read More
RBC Model Governance Task Force Gap Analysis Considerations
The Cross-Practice Risk-Based Capital Task Force submitted comments in response to the NAIC Risk-Based Capital Model Governance (EX) Task Force's request for comments on RBC gap analysis...Date Published: 03/16/2026
Read More
Comment Letter to NAIC on IMR Impact to Reinsurance
The Reinsurance Working Group submitted comments to the NAIC Statutory Accounting Principles (E) Working Group on the SAPWG 2025‑22 exposure draft regarding IMR impacts on reinsurance collateral....
Topics: Reinsurance Solvency
Date Published: 03/12/2026
Read More
XR013 Investment Income Adjustment Stand-alone Factor
In response to a request from the NAIC’s Health Risk-Based Capital (E) Working Group, the Health Underwriting Risk Factors Analysis Work Group submitted a comment letter on the XR013 Investment...
Topics: Risk-Based Capital
Date Published: 02/27/2026
Read More
Comments to Cayman Islands Monetary Authority
The Academy’s Risk Management and Financial Reporting Council and Life Practice Council submitted a joint comment letter to the Cayman Islands Monetary Authority in response to a recent...Date Published: 02/17/2026
Read More
Councils Comment to NSF on Climate Research Center
The Risk Management and Financial Reporting Council, Casualty Practice Council, and Research Committee submitted a joint comment letter to the National Science Foundation urging reconsideration of...Date Published: 02/11/2026
Read More
A Foundational Study of Algorithmic Bias
A Data Science and Analytics Committee (DSAC) policy paper, A Foundational Study of Algorithmic Bias, examines the types of biases that can be unintentionally embedded within the algorithms that...Date Published: 12/31/2025
Read More
Attribution Science from an Actuarial Perspective
The Climate Change Joint Committee released Attribution Science from an Actuarial Perspective, an issue brief exploring how climate attribution science can be used in risk assessment and public...Date Published: 11/11/2025
Read More
Climate Events and Insurance Affordability
Members of the Climate Change Joint Committee, along with Washington Insurance Commissioner Patty Kuderer, presented, Climate Events and Insurance Affordability, at the 2025 SOA ImpACT...Date Published: 11/06/2025
Read More
Measuring Statistical Bias in Data Using Entropy
The Data Science and Analytics Committee (DSAC) released Measuring Statistical Bias in Data Using Entropy, a policy paper exploring how entropy can be used to quantify statistical bias and...
Topics: Data Science / Big Data Public Policy
Date Published: 11/05/2025
Read More
Climate Scenario Considerations: U.S. Own Risk and Solvency Assessment (ORSA)
The Climate Related Financial Disclosures Subcommittee and the Climate Change Joint Committee released Climate Scenario Considerations: U.S. Own Risk and Solvency Assessment (ORSA), a policy paper...Date Published: 11/05/2025
Read More
Finding and Using Climate Data
Members of the Climate Change Joint Committee presented, Finding and Using Climate Data, at the 2025 SOA ImpACT Conference. This session explored the current landscape of climate data through the...Date Published: 11/04/2025
Read More
Practice Councils Comment to NAIC on Revised RBC Principles
The Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Practice Council submitted a joint comment letter to the NAIC’s...Date Published: 10/24/2025
Read More
Comment Letter to CASTF Regarding the "Unknown Risk Characteristics in Personal Rating Lines" Exposure Draft
The Data Science and Analytics Committee (DSAC) submitted a comment letter in response to the NAIC Casualty Actuarial and Statistical (C) Task Force’s (CASTF) exposure draft, Unknown Risk...Date Published: 10/21/2025
Read More