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
Comments on Proposed Rule, Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies
Financial Regulatory Reform Task Force comments to the Federal Reserve on its proposed rule establishing additional prudential standards to apply to non-bank financial service companies identified by…Comments on White Paper, ‘The U.S. National State-Based System of Insurance Financial Regulation and the Solvency Modernization Initiative’
Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC…
Comment / Letter
Letter to Treasury on Financial Research Advisory Committee
Risk Management and Financial Reporting Council letter to the Department of Treasury urging that actuarial science be one of the specific considerations for members of the proposed Financial Research…
Presentation
Risk Classification and the New Academy Monograph
Risk Classification Work Group webinar presentation based on the Academy’s Risk Classification Work Group’s monograph, On Risk Classification, published in November 2011, which updates the 1980…
Comment / Letter
Comments on Proposed Accounting Standards Update Revenue Recognition
Financial Reporting Committee responses to questions posed in FASB’s Revenue Recognition paper.
Presentation