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
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…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…
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….
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…
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…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…
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…
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…
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…
Comment / Letter