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.
Explore
Big Data

Big Data

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

Enterprise Risk Management

Issues related to ERM encompassing property/casualty, life, and health actuarial practice areas.
Explore
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.
Explore
Financial Reporting/International Accounting

Financial Reporting/International Accounting

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

Solvency/Reinsurance

Solvency, risk management, and reinsurance issues impacting various actuarial practices globally.
Explore

Risk Management & Financial Reporting Resources

Committee Comments to IAIS on Conduct of Business Risk Draft Paper

ERM/ORSA Committee comments to the International Association of Insurance Supervisors (IAIS) on its draft issues paper Conduct of Business Risk and its Management. 
Date Published: 05/01/2015
Download

Comments to FASB on Bifurcated Embedded Derivatives

Financial Reporting Committee comments on the Financial Accounting Standards Board’s (FASB) proposed accounting standards update-Derivatives and Hedging (Topic 815): Disclosures about Hybrid…
Date Published: 04/30/2015
Download

Solvency Committee Testimony to Senate on Insurance Capital Proposals

Solvency Committee written testimony for the U.S. Senate Banking Subcommittee on Securities, Insurance, and Investment hearing on “Examining Insurance Capital Rules and FSOC Process.”   
Date Published: 04/30/2015
Download

Solvency Committee Congressional Testimony on International Insurance Regulations

Solvency Committee written testimony for the U.S. House Financial Services Subcommittee on Housing and Insurance’s hearing on “The Impact of International Regulatory Standards on the Competitiveness…
Date Published: 04/29/2015
Download

Comments to FIO on U.S. GAAP Loss Recognition Testing and ICP 14

Risk Management and Financial Reporting Council and Financial Reporting Committee comments to the Federal Insurance Office (FIO) on U.S. GAAP loss recognition testing and Insurance Core Principle…
Date Published: 04/27/2015
Download

Comments to FSOC on Insurance Asset Management Products

Financial Regulatory Task Force comments to the Financial Stability Oversight Council (FSOC) on the impact of insurance asset management products and activities to U.S. financial stability.  
Date Published: 03/23/2015
Download

Comments to IAIS on Global Insurance Capital Standard

Solvency Committee comments to the International Association of Insurance Supervisors on the Risk-based Global Insurance Capital Standard public consultation document dated Dec. 17, 2014. 
Date Published: 02/06/2015
Download

Comments to IASB on Participating Contracts

Financial Reporting Committee comments to the International Accounting Standards Board (IASB) on its treatment of participating contracts in its insurance contracts project in follow-up to a November…
Date Published: 12/23/2014
Download

Comments to GAO on Global Capital Standards

Financial Regulatory Task Force comments to the Government Accountability Office (GAO) on its global capital standards report.  
Date Published: 12/16/2014
Download

Council Comments to FSB on Insurer Recovery and Resolution Proposal

Risk Management and Financial Reporting Council comments to the Financial Stability Board (FSB) on the consultative document: Recovery and Resolution Planning for Systemically Important Insurers:…
Date Published: 12/15/2014
Download