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

Issue Brief

DSAC Releases Issue Brief on Big Data in Actuarial Modeling

The Data Science and Analytics Committee (DSAC) released an issue brief, Big Data and Algorithms in Actuarial Modeling and Consumer Impacts. It outlines big data issues confronting actuaries and…
Date Published: 10/14/2022
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Practice Note Exposure Draft Released on Long-Duration Contracts – Targeted Improvements

The Long-Duration Contracts Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note exposure draft Application of ASU 2018-12 to the Accounting for…
Date Published: 08/23/2022
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Comment / Letter

Climate Change Joint Task Force Submits Comments to International Sustainability Standards Board

The Academy’s Climate Change Joint Task Force (CCJTF) submitted comments to the International Sustainability Standards Board (ISSB) on their Exposure Draft IFRS S2 Climate-related Disclosures….
Date Published: 07/28/2022
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Issue Brief

DSAC & RETF Release Major Issue Brief on Correlation and Causation

The Data Science and Analytics Committee, in partnership with the Racial Equity Task Force, released a major issue brief, An Actuarial View of Correlation and Causation – From Interpretation to…
Date Published: 07/06/2022
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Comment / Letter

Climate Change Joint Task Force Submits Comments to the Securities and Exchange Commission

The Academy’s Climate Change Joint Task Force (CCJTF) submitted comments to the Securities and Exchange Commission (SEC) on their request for public input on the proposed rule, the “Enhancement…
Date Published: 06/17/2022
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IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision “Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).”

IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision “Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).” The IFRS 17 Work Group of the…
Date Published: 05/23/2022
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Comment / Letter

IFRS 17 Work Group submits comments on IFRS Foundation’s tentative agenda decision “Transfer of Insurance Coverage under a Group of Annuity Contracts (IFRS 17).”

The IFRS 17 Work Group of the Financial Reporting Committee submitted comments to International Financial Reporting Standards (IFRS) Foundation Interpretations Committee Chairperson Bruce Mackenzie…
Date Published: 05/23/2022
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Comment / Letter

Climate Change Joint Task Force Submits Comments to Employee Benefits Security Administration

The Academy’s Climate Change Joint Task Force (CCJTF) submitted comments to the Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) on their Request for Information on…
Date Published: 05/16/2022
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Presentation

DSAC Presents to NAIC CASTF Book Club on Big Data and Algorithms Issue Paper

The Academy’s Data Science and Analytics Committee (DSAC) presented to the National Association of Insurance Commissioners’ (NAIC) Casualty Actuarial and Statistical (C) Task Force (CASTF) Book…
Date Published: 01/26/2022
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Comment / Letter

ERM/ORSA Committee Submits Comments to the IAIS on the Development of Liquidity Metrics: Phase 2

The ERM/ORSA Committee’s comments submitted to the IAIS as part of the association’s Public Consultation on the Development of Liquidity Metrics: Phase 2.  
Date Published: 01/24/2022
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