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
Committee Comment Letter on Proposed Modeling ASOP
ERM/ORSA Committee letter to the Actuarial Standards Board on the fourth exposure draft of a proposed new actuarial standard of practice for modeling.Work Group Comments on Exposure Draft of IAN 100 on Application of IFRS 17 Insurance Contracts
IFRS 17 Work Group comments to the IAA on the exposure draft of IAN 100 on Application of IFRS 17 Insurance Contracts.
Comment / Letter
Comments to IAIS on Risk-based Global Insurance Capital Standard Version 2.0 (ICS 2.0) Consultation Paper
Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) regarding the Risk-based Global Insurance Capital Standard Version 2.0 (ICS 2.0) public consultation…
Comment / Letter
Comments to IAIS on Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame) Consultation Paper
Solvency Committee comments to the International Association of Insurance Supervisors (IAIS) regarding the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame)…
Comment / Letter
Comments on NAIC Exposure on Group Capital Calculation
Solvency Committee comments to the NAIC’s Group Capital Calculation (E) Working Group on its Scope and Non-Insurance Testing Exposed with Questions document.
Comment / Letter
Task Force Comments to U.S. Senate Committee on Banking, Housing, and Urban Affairs on FinTech Hearing
Big Data Task Force comments to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on their hearing, Fintech: Examining Digitization, Data, and Technology.
Comment / Letter
Comments on NAIC ORSA Review Timelines Exposure
ERM/ORSA Committee comments to the NAIC’s Financial Regulation Standards and Accreditation (F) Committee on the ORSA Review Timelines exposure.
Presentation
Presentation to NAIC on Big Data Monograph
Presentation to the NAIC Casualty Actuarial and Statistical Task Force (CASTF) Predictive Analytics Book Club on the Big Data and the Role of the Actuary monograph.Big Data and The Role of The Actuary
The Academy released the monograph, Big Data and the Role of the Actuary, at the International Congress of Actuaries meeting in Berlin on June 5. The monograph examines how Big Data is providing…
Comment / Letter