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
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
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.
Report
Climate Related Financial Disclosures Work Group Report on NAIC Climate Risk Disclosures Survey Exposure Draft (January 10, 2022)
Climate Related Financial Disclosures Work Group report submitted to the NAIC’s Climate and Resiliency (EX) Task Force. This accompanies a comment letter from the Academy’s Climate Change Joint…
Comment / Letter
Climate Change Joint Task Force Comment Letter on NAIC Climate Risk Disclosures Survey Exposure Draft (January 10, 2022)
Comment letter submitted to NAIC’s Climate and Resiliency (EX) Task Force. The comment letter from the Academy’s Climate Change Joint Task Force addresses an exposed proposal by the NAIC for a…
Comment / Letter
RESEARCH REPORT on Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) and National Association of Insurance Commissioners (NAIC) Climate Risk Disclosure Survey Responses Compared Qualitatively and Quantitatively: Eight Companies in 2019—Twenty-four Companies in 2020
Climate Related Financial Disclosures Work Group report submitted to the NAIC’s Climate and Resiliency (EX) Task Force. This accompanies a comment letter from the Academy’s Climate Change Joint…Climate Task Force Comments to Treasury, FIO on Climate-Related Risk
The Climate Change Joint Task Force sent comments to the U.S. Department of the Treasury and Federal Insurance Office’s (FIO) request for information regarding FIO’s future work related to the…
Issue Brief
Academy Releases Major Issue Paper on Big Data and Consumer Impacts
The Data Science and Analytics Committee released a major issue paper, Big Data and Algorithms in Actuarial Modeling and Consumer Impacts.Financial Reporting Committee Releases First Exposure Draft of a Public Policy Practice Note on Application of ASU 2018-12 for Comment
The Long-Duration Contracts Work Group of the Financial Reporting Committee released an exposure draft of a public policy practice note on the Application of Accounting Standards Update 2018-12,…
Practice Note