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.

Risk Management & Financial Reporting
Additional Consideration in Data Science

Additional Consideration in Data Science

A series of issue briefs providing a more complete, contextual view of important topics that arise in data science.
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Big Data

Big Data

Academy resources on analyzing vast datasets using advanced computational methods to uncover trends, patterns, and associations.
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Enterprise Risk Management

Enterprise Risk Management

Issues related to ERM encompassing property/casualty, life, and health actuarial practice areas.
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Federal Insurance Regulation/Systemic Risk

Federal Insurance Regulation/Systemic Risk

Regulation of insurance by the federal government or as a systemic risk to the economy.
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Financial Reporting/International Accounting

Financial Reporting/International Accounting

Global financial reporting issues that affect multiple areas of actuarial practice.
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Solvency/Reinsurance

Solvency/Reinsurance

Solvency, risk management, and reinsurance issues impacting various actuarial practices globally.
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Risk Management & Financial Reporting Resources

Comment / Letter

Comments to U.S. House of Representatives on Economic Growth, Regulatory Relief, and Consumer Protection Act

Financial Regulatory Task Force comments to the U.S. House of Representatives on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act.
Date Published: 05/20/2018
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Questions for Consideration by IFRS Transition Resource Group for IFRS 17 Insurance Contracts

Financial Reporting Committee questions for consideration by the IFRS Transition Resource Group on IFRS 17 Insurance Contracts. 
Date Published: 03/22/2018
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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 second exposure draft. 
Date Published: 03/01/2018
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Comments to IAIS on Activities Based Approach to Systemic Risk Interim Consultation Paper

Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) on the Interim Consultation Paper on Activities-Based Approach (ABA) to Systemic Risk dated December 8,…
Date Published: 02/13/2018
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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

Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) on the revised Insurance Core Principle (ICP) Enterprise Risk Management (ERM) for Solvency Purposes and…
Date Published: 01/30/2018
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Comments to U.S. Senate on Economic Growth, Regulatory Relief, and Consumer Protection Act

Financial Regulatory Task Force comments to the U.S. Senate on S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act. 
Date Published: 01/17/2018
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Task Force Comments to NAIC on Big Data Exposures

Big Data Task Force comments to the NAIC’s Big Data (EX) Working Group on recent exposures.   
Date Published: 01/12/2018
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Comments to FASB on Proposed Updates to Market Risk Benefits in the Accounting for Long-Duration Contracts

Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) on its proposed updates to market risk benefits in the accounting for long-duration contracts. 
Date Published: 12/18/2017
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Comment / Letter

Comments to FASB on Proposed Updates to the Accounting for Long-Duration Contracts

Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) on its proposed updates to the accounting for long-duration contracts.
Date Published: 12/15/2017
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