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 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
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
Related Publications
Committee Comments to Congress on Insurance Capital Standards Bill
Solvency Committee comments to members of the U.S. House of Representatives and the U.S. Senate in support of passage of the Insurance Capital Standards Clarification Act of 2014, which clarifies...Date Published: 12/02/2014
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FRC Comments on Short Duration Contracts Disclosures
Financial Reporting Committee comments to the Financial Accounting Standards Board on its disclosure requirements for short duration contracts.Date Published: 11/21/2014
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Committee Comments on Reinsurance and Ceding Commissions Proposal
Reinsurance Committee comments to the International Accounting Standards Board on the Insurance Contracts Project's reinsurance and ceding commissions proposal.Date Published: 11/20/2014
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Solvency Committee Congressional Testimony on International Capital Regulations
Solvency Committee written testimony to the U.S. House Financial Services Subcommittee on Housing and Insurance hearing on "The Impact of International Regulatory Standards on the Competitiveness of...Date Published: 11/18/2014
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Comments on Uniform Application Checklist for Certified Reinsurers
Reinsurance Committee comments to the National Association of Insurance Commissioners on the Uniform Application Checklist for Certified Reinsurers exposure draft.Date Published: 11/11/2014
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Comments on Importance of Actuaries in Protecting Solvency
Financial Regulatory Task Force comment letter to the Financial Stability and Oversight Council on the importance of actuaries in financial and insurance systems, and its perspective on updates to...Date Published: 11/03/2014
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Comments on Auditing Accounting Estimates and Fair Value Measurements Paper
Financial Reporting Committee comments to the Public Company Accounting Oversight Board on the draft Auditing Accounting Estimates and Fair Value Measurements staff consultation paper.
Topics: Financial Reporting Risk Management
Date Published: 10/31/2014
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Comments to IASB on Macro Hedging Discussion Paper
Financial Reporting Committee comments to the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) on the IASB's Accounting for Dynamic Risk Management: a...Date Published: 10/17/2014
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Comments on Insurance Group Solvency and Capital Standards
Solvency Committee comments to the National Conference of Insurance Legislators on the key priorities and principles that should be considered when developing insurance group solvency and capital...Date Published: 10/10/2014
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Exposure Draft: Profits Followed by Losses
Financial Reporting Committee exposure draft of a new practice note on profits followed by losses in long-duration contracts. Comments on the exposure draft are due Nov. 10.
Topics: Financial Reporting Risk Management
Date Published: 10/10/2014
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ERM/ORSA Committee Actuaries and ORSA Overview
ERM/ORSA Committee overview of the key content of an Own Risk and Solvency Assessment (ORSA) and the components of an ORSA for which actuarial input may be useful.Date Published: 09/26/2014
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Comments on Principles for Insurance Group Solvency and Capital Standards
Solvency Committee comments to the National Association of Insurance Commissioners on the key priorities and principles that should be considered when developing insurance group solvency and capital...Date Published: 09/18/2014
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Comments to NAIC on Securities Listed by the Securities Valuation Office
Reinsurance Committee comments to the NAIC's Reinsurance (E) Task Force on the exposure draft, Securities Listed by the Securities Valuation Office, that specifically address the security provided...Date Published: 09/05/2014
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Committee Letter to IASB on Treatment of Participating Contracts
Financial Reporting Committee letter to the International Accounting Standards Board on the treatment of participating contracts within the IFRS Foundation's insurance contracts project that includes...Date Published: 09/02/2014
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Solvency Committee Comments to IAA on Revised BCR Proposal
Solvency Committee comments to the International Actuarial Association on the International Association of Insurance Supervisors' revised proposal, Basic Capital Requirements for Global Systemically...Date Published: 08/04/2014
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Solvency Committee Comments to NAIC on Revised BCR Proposal
Solvency Committee comments to the National Association of Insurance Commissioners on the International Association of Insurance Supervisors' revised proposal, Basic Capital Requirements for Global...Date Published: 08/04/2014
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Comments to NAIC on Second ORSA Exam Guidance Draft
ORSA Subgroup comments to the NAIC's Risk-Focused Surveillance Working Group on the second exposure draft of ORSA guidance, which will be included in the Financial Analysis Handbook and the Financial...Date Published: 07/22/2014
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Committee Letter to FASB on Targeted Improvements
Financial Reporting Committee letter to the Financial Accounting Standards Board on its insurance contracts project, encouraging convergence for long-duration contracts but also highlighting issues...Date Published: 06/30/2014
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Comments to IAA on IAIS Insurance Capital Standard Memo
Solvency Committee comments to the International Actuarial Association (IAA) on the International Association of Insurance Supervisors' (IAIS) Memo on a proposed approach for a global insurance...Date Published: 06/06/2014
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Letter to Congress on Insurance Capital Standards Clarification Act of 2014
Solvency Committee comments to members of the U.S. House of Representatives supporting passage of the Insurance Capital Standards Clarification Act of 2014 (S.2270/H.R.4510), which clarifies that the...Date Published: 06/05/2014
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