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

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.” 
Date Published: 09/30/2013
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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…
Date Published: 07/25/2013
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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.
Date Published: 06/06/2013
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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,…
Date Published: 03/07/2013
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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.  
Date Published: 03/05/2013
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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. 
Date Published: 01/31/2013
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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…
Date Published: 12/14/2012
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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…
Date Published: 11/16/2012
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Presentation

IFRS Update: IASB/FASB Insurance Contracts Project

Slides discussing the latest activities of the FASB and IASB regarding their work on the Insurance Contracts Project.
Date Published: 11/01/2012
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Comments on IASB Insurance Accounting Standard Working Drafts

International Accounting Standards Task Force comments to the International Accounting Standards Board on its working drafts, feedback on the premium-allocation approach decisions, feedback on the…
Date Published: 10/09/2012
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