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

Comments on NAIC Staff Memo on Group Capital Calculation

Solvency Committee comments to the NAIC’s Group Capital Calculation (E) Working Group on its NAIC Staff Memo – Treatment of Captives in the Group Capital Calculation exposure draft. 
Date Published: 09/05/2017
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Comments to U.S. Senate Committee on Banking, Housing, and Urban Affairs on the International Insurance Capital Standards Accountability Act of 2017

Financial Regulatory Task Force comments to the  U.S. Senate Committee on Banking, Housing, and Urban Affairs  on S. 
Date Published: 08/31/2017
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Comments to U.S. Senate Committee on Banking, Housing, and Urban Affairs on the Financial Stability Oversight Council Insurance Member Continuity Act

Financial Regulatory Task Force comments to the  U.S. Senate Committee on Banking, Housing, and Urban Affairs  on S. 
Date Published: 08/31/2017
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Comment / Letter

Comments to PCAOB on Proposed Amendments to Auditor’s Use of the Work of Specialists

ncial Reporting Committee comments on the Public Company Accounting Oversight Board’s (PCAOB) proposed amendments to auditor’s use of the work of specialists.
Date Published: 08/29/2017
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Comments to PCAOB on Proposed Amendments to Auditor’s Use of the Work of Specialists

Comments to PCAOB on Proposed Amendments to Auditor’s Use of the Work of SpecialistsFinancial Reporting Committee comments on the Public Company Accounting Oversight Board’s (PCAOB) proposed…
Date Published: 08/29/2017
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Comments to U.S. House Financial Services Committee on the Financial Stability Oversight Council Insurance Member Continuity Act

Financial Regulatory Task Force comments to the U.S. House Financial Services Committee on H.R. 3110, Financial Stability Oversight Council Insurance Member Continuity Act. 
Date Published: 07/14/2017
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Committee Comments to NAIC on Group Capital Calculation Adjustments

Solvency Committee comments to the NAIC’s Group Capital Calculation (E) Working Group on the group capital calculation and the proposed adjustments for comparability and consistency. 
Date Published: 05/26/2017
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Task Force Comments to U.S. House Leadership on the Financial CHOICE Act of 2017

Financial Regulatory Task Force comments to U.S. House leadership on H.R. 10, the Financial CHOICE Act of 2017, noting that if Congress chooses to establish an Office of the Independent Insurance…
Date Published: 05/19/2017
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Comments to IAIS on Revised Insurance Core Principles and ComFrame Material

Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) on the revised Insurance Core Principles (ICPs) and ComFrame material integrated with ICPs’ public…
Date Published: 05/08/2017
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Credit for Life Reinsurance in U.S. Statutory Financial Statements Exposure Draft

Credit for Reinsurance Subgroup exposure draft of a new practice note, Credit for Life Reinsurance in U.S. Statutory Financial Statements.  
Date Published: 05/05/2017
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