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

Letter to Congress on Insurance Capital Standards Clarification Act of 2014

Solvency Committee comments to members of the U.S. House of Representatives supporting passage of the Insurance Capital Standards Clarification Act of 2014 (S.2270/H.R.4510), which clarifies that the…
Date Published: 06/05/2014
Download

Comments to NCOIL on International Priorities

Risk Management and Financial Reporting Council comments to NCOIL’s International Issues Task Force with recommendations on three international priorities that NCOIL should address in 2014. 
Date Published: 06/02/2014
Download

Comments to NAIC on ORSA Exam Guidance

ORSA Subgroup comments to the NAIC’s Risk-Focused Surveillance Working Group on draft ORSA guidance that will be included in the Financial Analysis Handbook and the Financial Condition Examiners…
Date Published: 05/16/2014
Download

Academy Congressional Testimony on Capital Regulation for Insurers

Risk Management and Financial Reporting Council written testimony to the U.S. Senate Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection for its hearing…
Date Published: 03/11/2014
Download

Comments to NAIC on the ORSA Guidance Manual

ORSA Subgroup comments to the NAIC on its Guidance Manual for the Own Risk and Solvency Assessment (ORSA), noting that revisions made in the March 2014 draft provides clarity for those developing…
Date Published: 03/05/2014
Download

Committee Letter to FASB on Discount Rate

Financial Reporting Committee letter to the Financial Accounting Standards Board on proposed wording to clarify the methodology used in determining the “top down” discount rate. 
Date Published: 02/12/2014
Download

Academy Congressional Testimony on Insurance Modernization

Financial Regulatory Reform Task Force written testimony to the U.S. House Financial Services Subcommittee on Housing and Insurance hearing, “The Federal Insurance Office’s Report on Modernizing…
Date Published: 02/04/2014
Download

ERM Committee Comments to FSB on Risk Culture Guidance

ERM Committee comments to the Financial Stability Board on its proposal, Guidance on Supervisory Interaction with Financial Institutions on Risk Culture.  
Date Published: 01/30/2014
Download

Academy Letter to FIO Urging Inclusion of Actuaries on Federal Advisory Committee

e Academy President Tom Terry’s letter to the Federal Insurance Office urging it to include actuaries on the expanded Federal Advisory Committee on Insurance.
Date Published: 01/28/2014
Download

Solvency Committee Comments to NAIC on BCR paper

Solvency Committee comments to the National Association of Insurance Commissioners on the International Association of Insurance Supervisors’ proposal, Basic Capital Requirements for Global…
Date Published: 01/28/2014
Download