Risk Management and Financial Reporting
The Risk Management and Financial Reporting Council (RMFRC) provides objective technical expertise to policymakers and regulators on issues involving risk management and/or financial reporting.
Issues related to ERM encompassing property/casualty, life, and health actuarial practice areas.
Regulation of insurance by the federal government or as a systemic risk to the economy.
Domestic and international solvency, risk management, and reinsurance issues that affect multiple areas of actuarial practice.
Domestic and international financial reporting issues that affect multiple areas of actuarial practice.
Risk Management & Financial Reporting News
RISK MANAGEMENT & FINANCIAL REPORTING PUBLIC STATEMENTS
Comments, analysis, or explanatory material prepared for an external audience on behalf of an Academy group or the Academy as a whole; these include letters, memos, reports, and fact sheets.
Analyses of major actuarial or public policy issues written primarily for policy-makers, regulators, the news media, and the public.
Include white papers and monographs which are longer, more detailed analyses of major actuarial or public policy issues written primarily for policy-makers, regulators, the news media, and the public. Includes monographs and white papers.
Slides presented by the Academy at webinars, seminars, briefings, hearings, or other meetings and events.
The Academy works with the National Association of Insurance Commissioners (NAIC) on the creation and refinement of sensible, effective regulation. These reports and related documents highlight the NAIC-related work of the risk management & financial reporting practice councils.
Written and oral testimony provided to Congress or to other governmental and quasigovernmental bodies.
Generally written in a Q&A format, practice notes offer examples of current and emerging approaches to selected actuarial tasks. They are intended to supplement the available actuarial literature, especially where the practices addressed are subject to evolving technology, recently adopted external requirements, or advances in actuarial science and other applicable disciplines.