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.


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
Academy resources on analyzing vast datasets using advanced computational methods to uncover trends, patterns, and associations.
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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
Regulation of insurance by the federal government or as a systemic risk to the economy.
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Financial Reporting/International Accounting
Global financial reporting issues that affect multiple areas of actuarial practice.
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Solvency/Reinsurance
Solvency, risk management, and reinsurance issues impacting various actuarial practices globally.
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Risk Management & Financial Reporting Resources
Comment / Letter
Task Force Comments on Fed’s Proposed Rule on Enhanced Prudential Standards
Financial Regulatory Task Force comments to the Federal Reserve Board (Fed) on its proposed rule on Enhanced Prudential Standards for Systemically Important Insurance Companies.
Comment / Letter
ERM/ORSA Committee Comments on NAIC’s “Draft Form A Review Best Practices” Exposure
mittee comments to the NAIC’s National Treatment and Coordination (E) Working Group on its “Draft Form A Review Best Practices” exposure document.Task Force Comments on Fed’s Proposed Rule on Enhanced Prudential Standards
Financial Regulatory Task Force comments to the Federal Reserve Board (Fed) on its proposed rule on Enhanced Prudential Standards for Systemically Important Insurance Companies.
Presentation
Presentation on ORSA Policy Paper and Practice Note to NAIC
ERM/ORSA Committee presentation to the National Association of Insurance Commissioners’ (NAIC) ORSA Implementation (E) Subgroup on the committee’s recently released policy paper and practice note.
Comment / Letter
Joint FRC/COPLFR Letter on SEC S-K Disclosure Requirement
Financial Reporting Committee (FRC) and Committee on Property and Liability Financial Reporting (COPLFR) comments to the SEC on its concept release on the modernization of certain disclosure…Quantifying Risk Exposures for ORSA Reports
Risk Exposures Subgroup practice note on quantifying risk Exposures for Own Risk and Solvency Assessment (ORSA) reports.Solvency Committee Comments on “Operational Risk 2016 Factors”
Solvency Committee comments to the NAIC’s Operational Risk (E) Subgroup on its “Operational Risk 2016 Factors” exposure document.
Comment / Letter