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Risk Management and Financial Reporting Council

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.
Volunteer Academy Connect
Staff Liaison: Will Benke
Chairperson: Steve Malerich
Members:
Dorothy Andrews
Rowen Bell
Seong-min Eom
Charles Ford
Dana Hunt
Jeffrey Johnson
Novian Junus
Kenneth Kasner
Gareth Kennedy
Darrell Knapp
Warren Manners
Patricia Matson
Marc Oberholtzer
Peter Ott
Jason Pessel
Bruce Stahl
Randall Stevenson
Kyle Stolarz
Sheldon Summers
Jeremy Williams

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Credit for Life Reinsurance in U.S. Statutory Financial Statements

Credit for Reinsurance Subgroup practice note, . 
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Date Published: 02/02/2018
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Comments to IAIS on Revised Insurance Core Principle 16 Enterprise Risk Management for Solvency Purposes

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Topics: Financial Reporting Risk Management
Date Published: 01/17/2018
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Task Force Comments to NAIC on Big Data Exposures

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Topics: Data Science / Big Data Financial Reporting NAIC Risk Management
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Comments on NAIC Staff Memo on Group Capital Calculation

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Task Force Comments to U.S. House Leadership on the Financial CHOICE Act of 2017

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Topics: Financial Reporting Risk Management
Date Published: 05/19/2017
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Comments to IAIS on Revised Insurance Core Principles and ComFrame Material

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Topics: Financial Reporting Risk Management Solvency
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Credit for Life Reinsurance in U.S. Statutory Financial Statements Exposure Draft

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Topics: Financial Reporting Reinsurance Risk Management
Date Published: 05/05/2017
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Comments to ASB on Setting Assumptions Exposure Draft

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Date Published: 04/27/2017
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Quantifying Risk Exposures for ORSA Reports

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Topics: Financial Reporting Risk Management Solvency
Date Published: 04/21/2017
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Comments to IAA on Risk Adjustment Educational Monograph Exposure Draft

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Topics: Financial Reporting Risk Management
Date Published: 02/28/2017
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Comments to ASB on Capital Adequacy Assessment Exposure Draft

ERM/ORSA Committee comments to the Actuarial Standards Board (ASB) on its Capital Adequacy Assessment for Insurers exposure draft. 
Topics: Actuarial Standards ASB Financial Reporting Risk Management
Date Published: 01/31/2017
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Comments to FASB on Targeted Improvements to the Accounting for Long-Duration Contracts

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Topics: ASB Financial Reporting Risk Management
Date Published: 12/14/2016
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White Paper on Considerations in Implementing the FASB Short-Duration Contract Disclosures

Financial Reporting Committee white paper on Considerations in Implementing the FASB Short-Duration Contract Disclosures. 
Topics: ASB Financial Reporting Risk Management
Date Published: 12/09/2016
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