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

Comment / Letter

RMFRC and CPC Climate Work Groups Comments to New York on Climate Related Risks

The Climate-Related Financial Disclosures Work Group and the Actuaries Climate Index/Actuaries Climate Risk Index Work Group comments to the New York State Department of Financial Services on…
Date Published: 06/23/2021
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RMFRC and CPC Climate Work Groups Submit Comments to SEC on Climate Disclosures

The Climate-Related Financial Disclosures Work Group and the Actuaries Climate Index/Actuaries Climate Risk Index Work Group jointly submitted comments to the Securities and Exchange Commission’s…
Date Published: 06/11/2021
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Comment / Letter

RMFRC and CPC Climate Work Groups Comments to SEC on Climate Disclosures

The Climate-Related Financial Disclosures Work Group and the Actuaries Climate Index/Actuaries Climate Risk Index Work Group comments to the U.S. Securities and Exchange Commission on climate…
Date Published: 06/11/2021
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Research Paper

Aggregating Regulatory Capital Requirements across Jurisdictions: Theoretical and Practical Considerations

Academy President-Elect Maryellen Coggins and Steve Jackson, assistant director for research (public policy), presented Sept. 13 at the Virtual Casualty Loss Reserve Seminar and Workshops (CLRS), on…
Date Published: 04/01/2021
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ERM/ORSA Climate Work Group Provides Comments to NAIC on Climate Survey Analysis

The ERM/ORSA Climate-Related Financial Disclosures Work Group submitted comments to the NAIC Climate and Resilience (EX) Task Force’s Climate Risk Disclosure Workstream related to ongoing…
Date Published: 03/02/2021
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Comment / Letter

Climate Work Group Comments to NAIC Climate and Resilience Task Force

ERM/ORSA Climate-Related Financial Disclosures Work Group comments to the NAIC Climate and Resiliency (EX) Task Force’s Climate Risk Disclosure Workstream.   
Date Published: 03/02/2021
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Research Paper

Climate Risk Financial Disclosure Analysis

ERM/ORSA Climate Related Financial Disclosures (CRFD) Work Group update to the NAIC Climate Risk and Resiliency (EX) Task Force on the Climate Risk Disclosures Survey Analysis project.
Date Published: 01/27/2021
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ERM/ORSA Climate Work Group Shares Update to NAIC on Survey Analysis

The ERM/ORSA Climate Risk Disclosures Work Group Chair, Michelle Young, and Academy Assistant Director for Research, Steve Jackson, shared an update to the NAIC Climate Risk and Resiliency…
Date Published: 01/27/2021
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Presentation

ERM/ORSA Climate Work Group Presentation to NAIC on Survey Analysis

ERM/ORSA Climate Related Financial Disclosures (CRFD) Work Group update to the NAIC Climate Risk and Resiliency (EX) Task Force on the Climate Risk Disclosures Survey Analysis project.  
Date Published: 01/27/2021
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Practice Note

Statements of Actuarial Opinion on P/C Loss Reserves (2020)

The Committee on Property and Liability Financial Reporting’s practice note on Statements of Actuarial Opinion on P/C Loss Reserves (2020), including discussion regarding changes in the NAIC Annual…
Date Published: 01/19/2021
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