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
Committee Comments on Group Capital Methodologies
Solvency Committee comments to the National Association of Insurance Commissioners on the U.S. Group Capital Methodology Concepts Discussion Paper.Committee Comments to Congress on Insurance Capital Standards Bill
Solvency Committee comments to members of the U.S. House of Representatives and the U.S. Senate in support of passage of the Insurance Capital Standards Clarification Act of 2014, which clarifies…FRC Comments on Short Duration Contracts Disclosures
Financial Reporting Committee comments to the Financial Accounting Standards Board on its disclosure requirements for short duration contracts.Committee Comments on Reinsurance and Ceding Commissions Proposal
Reinsurance Committee comments to the International Accounting Standards Board on the Insurance Contracts Project’s reinsurance and ceding commissions proposal.Solvency Committee Congressional Testimony on International Capital Regulations
Solvency Committee written testimony to the U.S. House Financial Services Subcommittee on Housing and Insurance hearing on “The Impact of International Regulatory Standards on the Competitiveness of…Comments on Uniform Application Checklist for Certified Reinsurers
Reinsurance Committee comments to the National Association of Insurance Commissioners on the Uniform Application Checklist for Certified Reinsurers exposure draft.Comments on Importance of Actuaries in Protecting Solvency
Financial Regulatory Task Force comment letter to the Financial Stability and Oversight Council on the importance of actuaries in financial and insurance systems, and its perspective on updates to…Comments on Auditing Accounting Estimates and Fair Value Measurements Paper
Financial Reporting Committee comments to the Public Company Accounting Oversight Board on the draft Auditing Accounting Estimates and Fair Value Measurements staff consultation paper.Comments to IASB on Macro Hedging Discussion Paper
Financial Reporting Committee comments to the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) on the IASB’s Accounting for Dynamic Risk Management: a…
Comment / Letter