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

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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Solvency Committee Submits Comment to FIO on ICS Study

The Solvency Committee submitted comments to the Federal Insurance Office regarding its Study on the Insurance Capital Standard (ICS).
Date Published: 01/15/2021
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Comment / Letter

Solvency Committee Comments to FIO on ICS Study

Solvency Committee comments to the Federal Insurance Office on its Study on the Insurance Capital Standard (FIO ICS Study).  
Date Published: 01/15/2021
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ERM/ORSA Climate Work Group Submits Comments to IAIS

The ERM/ORSA Committee’s Climate-Related Financial Disclosures (CRFD) Work Group submitted comments to the International Association of Insurance Supervisors (IAIS) on its Application Paper on the…
Date Published: 01/11/2021
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Comment / Letter

Climate-Related Financial Disclosures Work Group Comments to IAIS

ERM/ORSA Committee’s Climate Related Financial Disclosures (CRFD) Work Group comments to International Association of Insurance Supervisors (IAIS) on its Application Paper on the Supervision of…
Date Published: 01/11/2021
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DSAC Update to NCOIL Special Committee on Race In Insurance Underwriting

Data Science and Analytics Committee (DSAC) Chair, Dorothy Andrews, addressed the issue of Race in Insurance Underwriting in a meeting convened by the National Council of Insurance Legislators and…
Date Published: 12/09/2020
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Comment / Letter

Dorothy Andrews Comments to NCOIL Special Committee on Race In Insurance Underwriting

Data Science and Analytics Committee (DSAC) Chair, Dorothy Andrews, addressed the issue of Race in Insurance Underwriting in a meeting convened by the National Council of Insurance Legislators and…
Date Published: 12/09/2020
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Research Paper

Climate Risk Disclosure Survey Analysis

The Risk Management and Financial Reporting Council’s Climate Related Financial Disclosures (CRFD) Work Group Chair, Michelle Young, and the Academy’s Assistant Director for Research, Steve Jackson,…
Date Published: 12/04/2020
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Presentation

ERM/ORSA Climate Work Group Presentation to NAIC

ERM/ORSA Climate Related Financial Disclosures Work Group presentation to the National Association of Insurance Commissioners (NAIC) Climate and Resiliency (EX) Task Force.  
Date Published: 12/04/2020
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