RMFRC Policy Papers

Financial Reporting Committee white paper on Considerations in Implementing the FASB Short-Duration Contract Disclosures. (December 9, 2016)
Financial Reporting Committee exposure draft of a new white paper on Challenges and Issues Implementing the FASB Short-Duration Contract Disclosures. Comments on the exposure draft are due Mar. 15. (February 17, 2016)
ERM/ORSA Committee overview on the role of regulatory actuaries in reviewing Own Risk and Solvency Assessment (ORSA) reports.   (February 1, 2016)
ERM/ORSA Committee overview of the key content of an Own Risk and Solvency Assessment (ORSA) and the components of an ORSA for which actuarial input may be useful. (September 26, 2014)
Solvency Committee response to an NAIC Solvency Modernization Initiative Task Force request to outline methods of measuring regulatory financial success in the U.S. insurance financial regulatory system. (November 16, 2012)
International Accounting Standards Task Force discussion paper on approaches to setting the discount rate for valuation of insurance contracts drafted by December 2011. (December 19, 2011)
International Accounting Standards Task Force’s white paper on the topic “What Belongs in Other Comprehensive Income” and “How Would You Calculate It?” with respect to insurance contracts. (December 6, 2011)
The Risk Classification Work Group published “On Risk Classification” an update to the 1980 “Risk Classification Statement of Principles”. This monograph is intended to provide actuaries and other interested parties with an in-depth but accessible discussion of the concepts underlying risk classification as it is applied in all actuarial practice areas. (November 15, 2011)
Financial Regulatory Reform Task Force white paper outlines new key functions necessary for effective systemic risk regulation. (May 1, 2010)
Financial Reporting Committee white paper and notes on the use of discount rates in accounting present value estimates. (September 15, 2009)
Risk Management and Financial Reporting Council white paper outlines risk management requirements for effective systemic risk regulation. (April 30, 2009)