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
Comment / Letter
Councils Comment to NOAA on Climate Database
The Casualty Practice Council, Risk Management and Financial Reporting Council, and Research Committee sent a comment letter to the National Oceanic and Atmospheric Administration (NOAA), strongly…
Comment / Letter
Committee Comments on ORSA Guidance Manual
The Risk Management and Financial Reporting Council’s ERM/ORSA Committee sent a comment letter to the NAIC’s Own Risk and Solvency Assessment (ORSA) Implementation (E) Subgroup on the NAIC ORSA…
Comment / Letter
Committee Comments on RBC Preamble Re-Exposure
The Prudential Regulation Committee sent a comment letter to the NAIC’s Capital Adequacy (E) Task Force on the re-exposure draft of Risk-Based Capital (RBC) Revised Preamble, 2024-16-CA.
Comment / Letter
Practice Councils Comment to NAIC’s New RBC Model Governance Task Force
Vice presidents of the Academy’s Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Council provided comments to the NAIC’s…
Comment / Letter
DSAC Comments to IAIS on a Public Consultation on AI
The Data Science and Analytics Committee (DSAC) submitted comments to the International Association of Insurance Supervisors (IAIS) on IAIS’ public consultation draft application paper on the…
Comment / Letter
Committee Comments on AI Use in the Financial Services Sector
The Data Science and Analytics Committee commented to the U.S. Department of the Treasury on the Request for Information (RFI) on Uses, Opportunities, and Risks of Artificial Intelligence in the…
Comment / Letter
Prudential Regulation Committee Comments to IAIS on a Public Consultation on Climate Risk
The Prudential Regulation Committee submitted comments to the International Association of Insurance Supervisors (IAIS) on its public consultation on climate risk supervisory guidance – ICP…
Comment / Letter
ERM/ORSA Committee Comments on ASOP No. 7 Exposure Draft
The ERM/ORSA Committee submitted comments to the Actuarial Standards Board regarding the proposed revision of Actuarial Standard of Practice (ASOP) No. 7, Analysis of Life, Health, or…
Comment / Letter
Committee Comments on Risk Based Capital Preamble Exposure
The Prudential Regulation Committee sent a comment letter to the National Association of Insurance Commissioners (NAIC) Capital Adequacy (E) Task Force on the exposure draft of Risk-Based Capital…
Comment / Letter