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
ERM Committee Comments on Risk Appetite Paper
The Enterprise Risk Management Committee comments to the Financial Stability Board on its paper, “Principles For an Effective Risk Appetite Framework.”Insurance Enterprise Risk Management
Enterprise Risk Management Committee’s practice note, “ Practice,” which discusses ERM practices within the insurance industry and concepts such as risk culture, risk organization, and risk…
Comment / Letter
Solvency Committee Comments on NAIC SMI White Paper
The Solvency Committee submitted comments to the NAIC on its revised version of a draft white paper on the Solvency Modernization Initiative and insurance regulation.Insurance Enterprise Risk Management Practices
Enterprise Risk Management Committee’s practice note exposure draft, , for public comment. The practice note discusses ERM practices within the insurance industry and concepts such as risk culture,…Discussion Papers to FASB on Insurance Contracts Issues
International Accounting Standards Task Force papers on issues related to the Insurance Contracts project discussed at a November 2012 meeting with FASB staff.Comments to NAIC on December Draft of ORSA Guidance Manual
ORSA Subgroup comments to the NAIC on its December 2012 draft, Guidance Manual for the Own Risk and Solvency Assessment, including information on actuaries involved in Enterprise Risk Management.Comments on Proposed Assessment Methodology for Global Systemically Important Insurers
Financial Regulatory Reform Task Force comments to the IAIS on its proposed policy measures that would be applied to insurers whose failure would cause major disruption to the global financial…Comments on Measuring Regulatory Financial Success
Solvency Committee response to an NAIC Solvency Modernization Initiative Task Force request to outline methods of measuring regulatory financial success in the U.S. insurance financial regulatory…
Presentation