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

Practice Note

Work Group Releases Liquidity Risk Practice Note

The Liquidity Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note Liquidity Risk, a revision to a previous practice note published in 2000. The…
Date Published: 02/14/2024
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Practice Note

Application of ASU 2018-12 to the Accounting for Long-Duration Contracts under U.S. GAAP

The Long-Duration Contracts Work Group of the Academy’s Risk Management and Financial Reporting Council released the practice note , which covers aspects of the application of Accounting Standards…
Date Published: 12/27/2023
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Practice Note

Financial Reporting Committee First Exposure Draft of a Public Policy Practice Note on Application of ASU 2018-12

Exposure draft of a public policy practice note of the Long-Duration Contracts Work Group of the Financial Reporting Committee on the Application of Accounting Standards Update 2018-12, Targeted…
Date Published: 07/27/2021
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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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