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

Financial Reporting Committee Comments to AICPA

The Financial Reporting Committee comments to the American Institute of Certified Public Accountants (AICPA) regarding Targeted Improvements to Long-Duration Contracts Implementation Issue 11AC…
Date Published: 09/23/2020
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Presentation

Presentation on Scalar Project Update to NAIC G Committee

Presentation by Steve Jackson on Scalars Project Update to the National Association of Insurance Commissioners (NAIC) International Insurance Relations (G) Committee.  
Date Published: 08/12/2020
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Financial Reporting Committee Comments to AICPA

The Financial Reporting Committee comments to the American Institute of Certified Public Accountants (AICPA) regarding draft revisions to the Audit and Accounting Guide: Life and Health Insurance…
Date Published: 03/25/2020
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Comment / Letter

ERM/ORSA Committee Submits Comments to IAIS on Climate-Related Disclosures

ERM/ORSA Committee comments on the International Association of Insurance Supervisors’ (IAIS) Issues Paper on the Implementation of the Recommendations of the Task Force on Climate-Related…
Date Published: 02/05/2020
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Comment / Letter

Solvency Committee Submits Comments to IAIS

The Solvency Committee comments on the International Association of Insurance Supervisors (IAIS) Draft Application Paper on Liquidity Risk Management. 
Date Published: 01/23/2020
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Big Data And The Role Of The Actuary

While the use of Big Data in the property and casualty insurance area is more developed than in some of the other areas of actuarial practice, significant advances have been made in recent years in…
Date Published: 10/17/2019
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Financial Reporting Committee Letter to IASB

Financial Reporting letter on IASB exposure draft.  
Date Published: 09/25/2019
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Work Group White Paper on Estimating the Uncollectible Reinsurance Reserve for P/C Companies

Current Estimate Credit Losses Work Group white paper on the new FASB accounting requirement regarding uncollectible reinsurance.  
Date Published: 07/02/2019
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Presentation

Predictive Modeling Presentation at Insurance Summit

Seminar on Predictive Modeling at the NAIC’s Insurance Summit in Kansas City, Mo
Date Published: 06/07/2019
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ERM/ORSA Committee Comment Letter on ASOP No. 22 Exposure

The ERM/ORSA Committee comment letter to Actuarial Standards Board on December 2018 exposure draft of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life or Health…
Date Published: 05/29/2019
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