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

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. 
Date Published: 12/05/2014
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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…
Date Published: 12/02/2014
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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.  
Date Published: 11/21/2014
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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.  
Date Published: 11/20/2014
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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…
Date Published: 11/18/2014
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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. 
Date Published: 11/11/2014
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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…
Date Published: 11/03/2014
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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.  
Date Published: 10/31/2014
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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…
Date Published: 10/17/2014
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Comment / Letter

Comments on Insurance Group Solvency and Capital Standards

Solvency Committee comments to the National Conference of Insurance Legislators on the key priorities and principles that should be considered when developing insurance group solvency and capital…
Date Published: 10/10/2014
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