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

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…
Date Published: 04/30/2012
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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…
Date Published: 04/30/2012
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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…
Date Published: 04/13/2012
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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…
Date Published: 03/15/2012
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Comment / Letter

Comments on Proposed Accounting Standards Update Revenue Recognition

Financial Reporting Committee responses to questions posed in FASB’s Revenue Recognition paper.
Date Published: 03/13/2012
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Presentation

Presentation on Insurance Modernization to NCOIL

Senior Life Fellow presentation regarding insurance modernization in the U.S. to the National Conference of Insurance Legislators (NCOIL). 
Date Published: 02/24/2012
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Comments on Defining Contract Boundary for Insurance Contracts

International Accounting Standards Task Force comments on the topic of defining the contract boundary for insurance contracts.  
Date Published: 12/21/2011
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Comments on Proposed Rule on Systemically Important Financial Institutions

Financial Regulatory Reform Task Force comments to the FSOC on proposed rule relating to systemically important financial institutions.  
Date Published: 12/19/2011
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Approaches to Setting the Discount Rate for Valuation of Insurance Contracts: A Discussion Paper

International Accounting Standards Task Force discussion paper on approaches to setting the discount rate for valuation of insurance contracts drafted by December 2011. 
Date Published: 12/19/2011
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Comments to FIO on Modernizing and Improving U.S. System of Insurance Regulation

Financial Regulatory Reform Task Force comments to the FIO on how to modernize and improve the U.S. system of insurance regulation.  
Date Published: 12/16/2011
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