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
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.
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…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).
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).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…
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…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…
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…
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,…
Presentation