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

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.
Date Published: 08/17/2016
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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.
Date Published: 08/17/2016
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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. 
Date Published: 08/17/2016
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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. 
Date Published: 08/10/2016
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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…
Date Published: 07/21/2016
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Quantifying Risk Exposures for ORSA Reports

Risk Exposures Subgroup practice note on quantifying risk Exposures for Own Risk and Solvency Assessment (ORSA) reports. 
Date Published: 06/27/2016
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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. 
Date Published: 06/06/2016
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Comment / Letter

Solvency Committee Comments on Investment RBC on NAIC’s ‘Way Forward’

Solvency Committee comments to the NAIC’s Investment Risk-Based Capital (E) Working Group on its “Way Forward” exposure document.
Date Published: 05/19/2016
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Exposure Draft: Quantifying Risk Exposures for ORSA Reports

ERM/ORSA Committee exposure draft of a new practice note, Quantifying Risk Exposures for Own Risk and Solvency Assessment Reports. 
Date Published: 03/07/2016
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Comments to FASB on Fair Value Measurement Disclosure Framework

Financial Reporting Committee comments to the Financial Accounting Standards Board (FASB) on its proposed accounting standards update, Fair Value Measurement (Topic 820): Disclosure Framework. 
Date Published: 02/18/2016
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